TokenPost reporter
Mark Jason Alcala
Stories by Mark Jason Alcala
- Bitcoin (BTC), Ether (ETH), Dash, and XRP will be accepted by Paraguay’s Universidad Americana starting August
Universidad Americana students can pay for their tuition and other fees using crypto.
· Business
- $3.6B of Bitcoin (BTC) vanish along with two founders of a South African crypto investment app
The two South African brothers, who founded the crypto investment app Africrypt in 2019, disappeared along with 69,000 BTCs worth around $4 billion at their April peak.
· Regulation
- Crypto’s recent pullback a buying opportunity, says analysts
Crypto experts believe that the current pullback is an opportunity for investors to acquire digital currencies at low prices.
· Insights & Views
- Bitcoin (BTC) could still soar to $100K or higher by year-end, says Tom Lee
For Tom Lee, BTC's potential to go above $100,000 this year has not diminished even though it fell below $30,000 on Monday.
· Insights & Views
- 7K Bitcoin (BTC) miners seized by Iranian authorities from illegal crypto farm
Tehran police chief General Hossein Rahimi revealed that the crypto mining machines were found at an illegal farm located in an abandoned factory west of the city.
· Regulation
- MicroStrategy buys more than 13K Bitcoin (BTC) worth almost have a billion dollars despite crypto market correction
MicroStrategy founder and CEO Michael Saylor said that the company now holds around 105,085 Bitcoins
· Business
- China’s crackdown on crypto mining is good for Bitcoin, says Facebook’s David Marcus
While investors are understandably worried, Facebook’s David Marcus actually believes that China’s crackdown on Bitcoin mining is a “great development” for the crypto.
· Insights & Views
- Lawmaker wants Paraguay to become a global crypto hub, plans to present Bitcoin bill in Congress next month
Another Latin American country could be on its way to becoming a global crypto hub as a pro-crypto lawmaker in Paraguay is set to present Bitcoin legislation in Congress next month.
· Regulation
- Billionaire investor Steve Cohen dives into crypto
Steven Cohen, the CEO, president, and chairman of Point 72 Asset Management says he is “fully converted” and is taking a deep dive into crypto.
· Insights & Views
- Plan B sees Bitcoin’s (BTC) at $135K by December 2021 as the worst-case scenario
The stock-to-flow Bitcoin price model creator also has a bullish prediction where BTC could reach $450K by December.
· Insights & Views
- Crypto financial services firm Amber Group raises $100M in funding round at $1B valuation
The crypto firm will use the proceeds of the funding round to expand global operations.
· Business
- Crypto ATM operator Coin Cloud to install its 2,000th machine
Coin Cloud, which just installed its 1,250th crypto ATM in December 2020, is about to set a new milestone as it installs its 2,000th machine.
· Business
- Miami wants Chinese Bitcoin (BTC) miners to relocate their operations in the city
Miami Mayor Francis Suarez highlighted the city’s reliance on clean, inexpensive nuclear power to make the location more appealing to Bitcoin miners moving out of China.
· Business
- Danske Bank reveals its official position on cryptocurrencies
Danske Bank is very cautious on crypto but also assured that it won’t stop or interfere with transactions coming from crypto platforms.
· Business
- Crypto exchanges in South Korea delist ‘risky’ coins from their platforms
Recent reports say that some exchanges have halted the trading of some high-risk coins this week to comply with stricter rules in the industry.
· Regulation
- Now’s the time for new investors to buy crypto, says Pantera’s Dan Morehead
"The market has been this ‘cheap’ or cheaper relative to trend only 20.3% of the past eleven years,” says Morehead.
· Insights & Views
- World Bank declines El Salvador’s request for help on Bitcoin (BTC) implementation as legal tender
The World Bank declined El Salvador’s request for help citing environmental and transparency concerns.
· Regulation
- Crypto more popular than stocks among British investors, says study
In a recent survey done for the UK investment firm AJ Bell, 7 percent of Britons bought crypto over the last year compared to the 5 percent who said they invested in stocks and shares ISAs.
· Insights & Views
- Bitcoin (BTC) could go as high as $160K this year, says Alex Mashinsky
After the correction flushed out leverage, Mashinsky believes that Bitcoin is getting ready to go above a hundred thousand.
· Insights & Views
- Latin American telecom firm GoldConnect partners with BitPay to accept crypto payments
GoldConnect’s decision to accept cryptocurrency payments reflects the growing demand for such payment options in the region.
· Business
- Bitcoin (BTC) could soar to $250K by 2023, says Tim Draper
The billionaire venture capitalist still believes that Bitcoin has the potential to reach $250,000 by the end of 2022 or early 2023.
· Insights & Views
- Paul Tudor Jones reveals why he likes Bitcoin and wants to allocate 5% of his portfolio to BTC
Jones said he likes Bitcoin as a portfolio diversifier and that he’d allocate 5 percent of his portfolio to BTC
· Insights & Views
- Bitcoin (BTC) is not a crypto that should be leveraged, says Caitlin Long
Long described last month's pullback as a bull market correction and that the bull market trend has not been broken.
· Insights & Views
- South Korean banks required to classify their crypto exchange clients as “high-risk”
South Korean banks have also appealed to the FSC to limit their liabilities for financial crimes on crypto exchanges.
· Regulation
- Why India might classify Bitcoin (BTC) into a new asset class
Recent reports suggest that the Indian government might opt to classify Bitcoin (BTC) as an asset class, which would make it possible for Indian investors to continue trading in the crypto.
· Regulation
- Elon Musk says Tesla will resume accepting Bitcoin as payment once crypto becomes greener
According to Musk, Tesla will resume taking Bitcoin as payment once miners go 50 percent green.
· Business
- Argentina investigates fintech firms for unauthorized financial intermediation involving crypto
The Central Bank intends to files charges against the erring firms if its investigations eventually reveal that there were unauthorized financial intermediations
· Regulation
- Bitcoin on track to hit $288K in 3 years, says PlanB
PlanB remained steadfast in his conviction that BTC could reach sig-digit figures in the next three years.
· Insights & Views
- Senator Pat Toomey urges revisions on proposed crypto regulations
Sen. Pat Toomey (R-Pa.) wrote a letter to Treasury Secretary Janet Yellen saying that the proposed FinCEN counterparty rule would impose a heavy burden on crypto firms but may not combat illicit activity.
· Regulation
- U.S. crypto investors lead the pack in Bitcoin (BTC) profits for 2020
New data from Chainalysis suggest that U.S.-based investors benefited from the rally the most and they collectively raked in more than $4 billion in profits in 2020.
· Insights & Views
- Stablecoins and CBDCs do not threaten the stability of the financial system, says Bank of England exec
Contrary to some press headlines, even such a dramatic shift does not inherently constitute a financial stability risk as long as it happens in an orderly manner, says Christina Segal-Knowles.
· Regulation
- JBS Holdings pays $11M in Bitcoin (BTC) in a ransomware attack by REvil
JBS Holdings was forced to give in to the cybercriminals’ demand and handed over millions of dollars in Bitcoin (BTC) to prevent further disruption to its operations.
· Business
- Bitcoin (BTC) market waiting for a ‘new narrative’ or catalyst that could bring in the next wave of money
Novogratz said that one potential catalyst would be the approval of a Bitcoin ETF by the Securities and Exchange Commission (SEC).
· Insights & Views
- CFO of crypto exchange Binance suddenly leaves the company
A Binance representative said that former CFO Wei Zhou left the company due to personal reasons.
· Business
- Bitcoin, crypto market recovers as El Salvador adopts BTC as legal tender
At the time of writing, Bitcoin traded at $36,981.99 per coin as it surged by 12.74 percent in the last 24 hours.
· Insights & Views
- Bitcoin users to soar to 1B by 2025
SkyBridge Capital says Bitcoin is still in its early adoption phase, where volatility is to be expected but there’s also huge potential for its appreciation.
· Insights & Views
- El Salvador grants Bitcoin legal tender status like the U.S. Dollar
With the law in place, it becomes mandatory for all businesses in the country to accept BTC.
· Regulation
- Australian scammers prefer bank transfers over crypto, says ACCC report
Bank transfers remain the most common method with victims sending over AUD97 million (US$75 million) to scammers in 2020.
· Insights & Views
- Some Kenyan banks are discouraging their clients from engaging in crypto transactions
These banks seem to be targeting clients who have used their debit or credit cards to buy crypto on exchanges.
· Insights & Views
- MicroStrategy buys the dip as it issues $400M notes to fund additional Bitcoin (BTC) purchase
With the $400 million proceeds from the notes, MicroStategy could make an additional purchase of more than 12,100 BTCs at $32,993.26.
· Insights & Views