What is Cryptonovae?

What is Cryptonovae? To answer that let’s start by addressing the problem. Cryptocurrencies have had a pretty dramatic up and down throughout the past decade. Bitcoin is the prime example of this. The technology behind Bitcoin is definitely one that will change the monetary landscape. While the evolution of Bitcoin has changed the monetary landscape, […]

India Brings Forward a Bill Regulating “Private Crypto”

India will have crypto bill regulate cryptocurrency

India’s government will soon put forward a bill on cryptocurrencies, the country’s minister of state for finance and corporate affairs Anurag Thakur said. It is in the process of finalising the crypto bill and it will be ready for Union Cabinet’s review soon. In 2018, the country’s central bank, the Reserve Bank of India (RBI), […]

Tesla Invests in Bitcoin. Who’s Next?

Electric vehicle maker Tesla Motors announced it has invested in Bitcoin (BTC). The announcement triggered a roughly 20%, or $8,000, surge in the largest cryptocurrency by market cap, to refresh all-time high at $47,156. In a filing with the Securities and Exchange Commission, Tesla said it has bought an aggregate $1.5 billion worth of Bitcoin, […]

Nigeria Central Bank Cracked Down on Bitcoin

Nigeria, Africa’s “bitcoin nation”, is moving to ban Bitcoin (BTC) and cryptocurrencies. The Central Bank of Nigeria (CBN) issued a letter to the financial institutions it oversees to close accounts tied to cryptocurrency trading activities. According to CBN’s statement, “the Bank wishes to remind regulated institutions that dealing in crypto currencies or payments for cryptocurrency […]

Dogecoin surged After Tweeted by Elon Musk

Dogecoin ($DOGE), a cryptocurrency which started off as a joke, has soared after Tesla CEO Elon Musk dubbed it “the people’s crypto” in a tweet. Dogecoin’s price jumped by 50% on 4 February shortly after Elon Musk, the world’s richest man tweeted that “Dogecoin is the people’s crypto”. “No highs, no lows, only Doge”, he […]

PayPal Revenue Surges Since Adding Crypto

PayPal’s transaction revenue and active accounts surged in the fourth quarter of 2020, as consumers flocked to use its wallets to buy and sell cryptocurrency. PayPal added a record 72.7 million active accounts in 2020, with the addition of 16 million accounts in the fourth quarter. During the quarter, PayPal’s overall revenue climbed 23% to […]

MicroStrategy Made Another $10m Bitcoin Purchases

MicroStrategy purchases Bitcoin with $10 million.

US business intelligence software firm MicroStrategy announced Tuesday it had purchased approximately 295 Bitcoin (BTC) for $10 million in cash, at an average price of about $33,810 per Bitcoin. As of February 2, 2021, the company holds about 71,079 BTC, that were acquired at an aggregate purchase price of $1.145 billion, and an average price […]

Crypto-friendly trading platform eToro targets 2021 IPO

Crypto-friendly trading platform eToro reportedly targets an $5 billion IPO in 2021. According to Israel media Calcalist, Israel-based eToro is in talks with Goldman Sachs about possibly leading the IPO on Nasdaq. eToro plans to complete the IPO during the second quarter of 2021. Additionally, eToro is also examining the possibility of completing a SPAC […]

Bitcoin Blows Past $20K Record, What’s Next?

After testing investor patience for three weeks, Bitcoin surged past US$20,000 to reach fresh all-time highs. It is currently trading above US$21,000, as of the time of writing. The number one cryptocurrency by market cap jumped over the key psychological threshold during the early U.S. trading hours. The price surpasses the previous peak price of […]

MicroStrategy Completed $650m Debt Offering to Buy Bitcoin

Business intelligence firm MicroStrategy announced that it had raised US$650 million via a convertible note. This would allow the firm to buy more Bitcoin (BTC). The final figure is US$100 million more in previous public statements, after the purchasers exercised an option to buy additional $100 million of the notes. In accordance with its treasury […]