Reports said that Peter McCormack, a well-regarded Bitcoin investor and advocate, has announced the purchase of local English football club Bedford FC, divulging ambitions in a fourteen-tweet thread to fuel the club’s prosperous aspirations through the leading cryptocurrency asset, Bitcoin. It has been reported that McCormack said he intends to architecture the club with "Bitcoin at its heart," introducing everything from merchandise and sponsorship endorsements, an education

Reports said that Walmart has partnered with coin-cashing machine company Coinstar and crypto-cash exchange Coinme to install 200 Bitcoin (BTC) ATMs in its stores across the United States. It has been reported that the broader launch plans to eventually see the installation of 8,000 Bitcoin ATMs across the country although the pilot includes only 200 kiosks. However, there have been no further details on timelines as of yet. According to Coin ATM Radar, there are currently ov

Elon Musk, the CEO of Tesla, will be talking about Bitcoin (BTC) with Twitter CEO Jack Dorsey at an event aimed at educating institutional investors in July. It has been reported that in a Twitter discussion with Dorsey, Musk agreed to speak at “The ₿ Word,” a July 21 virtual event hosted by the Crypto Council for Innovation and featuring major players in the crypto space. Dorsey said: “As more companies and institutions get into the mix, we all want to help protect and sprea

Weibo, the Chinese microblogging website, has suspended several popular Bitcoin (BTC) and crypto-related content creators on the platform. It has been reported that at least a dozen crypto influencers on Weibo were unable to use their accounts on Saturday (June 5). Weibo greeted other users who visited suspended accounts with a message saying the banned accounts violated Weibo guidelines and “relevant laws and regulations.” However, a Weibo user nicknamed “Woman Dr. bitcoin M

Ruffer, the London-based asset management firm, is open to making more Bitcoin (BTC) trades in the future after profiting $1 billion in less than six months. It has been reported that Hamish Baillie, the Investment Director at Ruffer, revealed that Ruffer closed out its Bitcoin position for more than $1.1 billion in profit during April. He said: “When the price doubled we took some profits for our clients in December and early January. We actively managed the position and by

Globant, the major IT conglomerate, has become the latest big firm to invest in Bitcoin (BTC). It has purchased $500,000 worth of BTC during the first quarter of 2021. It has been reported that the firm declared its crypto-asset purchases for the first three months of the year in a statement to the United States Securities and Exchange Commission (SEC) made on Tuesday. The firm stated: “During the first quarter of 2021, the company purchased an aggregate of [$500,000] in cryp

The University of Pennsylvania (UPenn) has received a $5 million donation in Bitcoin (BTC), which it has already exchanged for fiat. It has been reported that according to the university, an anonymous benefactor gifted UPenn’s Wharton School of Business $5 million in Bitcoin, around 118.46 BTC as of May 20, which will be used to support the Stevens Center for Innovation in Finance. John Zeller, the Senior Vice President of Development and Alumni Relations at UPenn, said that

Report said that the MoneyGram customers can buy Bitcoin in retail outlets in the United States, as crypto adoption among mainstream payment service companies continues to grow, MoneyGram set to join the list. It has been reported that the global payment service announced a partnership with crypto exchange and Bitcoin (BTC) ATM operator Coinme Inc., to allow US customers to withdraw their cryptocurrency holdings for cash across its point-of-sale outlets in the country. Howeve

Elon Musk, the CEO of Tesla, has suspended accepting Bitcoin for vehicle purchases. The company cited concerns “about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.” He said: “Tesla has suspended vehicle purchases using bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.” Th

For the first time, people are globally searching “Dogecoin” more than “Bitcoin.” It has been reported according to data from Google Trends that values assigned to each cryptocurrency for May 2–8 stand at 56/100 points for DOGE versus 48/100 for BTC. However, search interest in DOGE over the past 12 months has often closely correlated with peaks and troughs in public interest in Bitcoin, although the interest in the two coins has previously diverged. This week shows not only

Report said that Bitcoin’s upcoming Taproot upgrade will go live also sometime by the end of 2021. It has been reported that many Bitcoin (BTC) mining pools seem to already be signaling their support for the activation and as per data available on Taproot.watch, a website designed by core Bitcoin developer Hampus Sjöberg, Taproot signaling currently accounts for about 56% of BTC’s total hashing power. However, two of the largest Bitcoin mining pools by hash rate, AntPool and

Metromile Inc., the San Francisco-based digital insurer, has announced that it will allocate $10 million toward Bitcoin in the second quarter. Although it didn’t specify an exact date, a $10 million purchase equates to roughly 175.4 BTC at current price levels. It has been reported that Metromile is making Bitcoin (BTC) a core part of its business operations, offering further evidence of the growing mainstream adoption of digital assets. However, the company will soon give po

Mercado Libre, the largest e-commerce platform in Latin America, has announced that it acquired $7.8 million in Bitcoin in the first quarter of 2021. It stated: “As part of our treasury strategy this quarter we purchased $7.8 million in Bitcoin, a digital asset that we are disclosing within our indefinite-lived intangible assets.” It has been reported that the purchase makes the Argentinean company the first large Latin American company to acquire Bitcoin for its treasury and

AXA, Europe’s second-largest insurance firm, has planned to offer its customers the option to pay their bills with Bitcoin (BTC) through a collaboration with the established cryptocurrency broker Bitcoin Suisse. It has been reported that Bitcoin payments will be accepted for nearly all AXA products, except for life insurance due to regulatory barriers to AXA. However, AXA has cited the accelerated digital transformation of the global economy during the coronavirus pandemic as

Meitu, the Hong Kong-based tech company, has racked up $100 million worth of Bitcoin and Ether. It has been reported that Meitu HK, the wholly-owned Hong Kong subsidiary of Meitu Inc (incorporated in the Cayman Islands), acquired 175.67798279 units of Bitcoin for a combined price of $10 million by implying a purchase price of around $57,000 per coin. However, the purchase was reportedly made using existing cash reserves, based on spot prices on the open market. The report sai

The Bitcoin (BTC) price has hit $61,000 on April 10 for the first time since early March, as after the breakout, traders are starting to look at new levels of resistance and support in the short-term as optimism returns to the market. It has been reported that in the near term, besides the all-time high (ATH) at around $61,800, there are three key Bitcoin price levels to observe – $61,188, $58,387, and $53,000. The report said that if Bitcoin breaks out to a new record high,

New York Digital Investment Group (NYDIG) has announced the launch of a business initiative relating to Bitcoin as well as the completion of a growth capital funding round. It has been reported that NYDIG had secured $100 million in funding from major insurance providers including Starr Insurance, Liberty Mutual Insurance, and others in addition to its existing strategic partners, New York Life and MassMutual. However, a provider of Bitcoin-related technology and investment s

A music school becomes one of the recent entrants in adopting cryptocurrencies, making it seemingly approachable for several other educational institutions. Morningside School of Music in Edinburgh has started accepting cryptocurrencies for tuition fee payments. It seems Edinburgh’s music school, Morningside School of Music anticipated the future of this disruptive technology, as they believed that cryptocurrencies would eventually become the norm. The decision was also taken

Meitu, the Chinese photo-editing application, has announced the investment of a further $50 million into Ether and Bitcoin by taking its net spend on crypto up to around $90 million this month. It has been reported that the Hong Kong and China-listed company purchased 386.08 BTC for $21.6 million, and 16,000 ETH for around $28.4 million, on March 17. However, the most recent announcement follows an initial cryptocurrency investment on March 5, in which the company acquired 15

The United Kingdom Advertising Standards Authority has filed a complaint against cryptocurrency exchange Coinfloor for its publication of a Bitcoin (BTC) advertisement in a regional news outlet. According to the complainant, the ad, published in the Northamptonshire Telegraph on December 3, 2020, was deemed to have targeted retirees, who claimed the ad was misleading and socially irresponsible. It has been reported that the ad led with the title “There is no point keeping you