Category: Crypto News

Bitcoin has been struggling these years with the price moving sideways this year, boosted by most of the world’s biggest and popular tech companies taking interest in cryptocurrencies making a huge demand for cryptocurrencies resulting in a flash pump.

The price has been able to climb over 200% so far this year, which started from $3000 per Bitcoin at the beginning of the year to all-time year highs of almost $14,000.

According to Forbes, the chief executive of Binance, the world’s largest Bitcoin and cryptocurrency exchange by volume has triggered a warning that the institutional demand for Bitcoin may not be driving the latest rally as much as some thought and there could be extreme volatility and it could get worse.

“We have not seen institutions growing faster,” Binance’s chief executive Changpeng Zhao, who’s often known simply as CZ, told Bloomberg, a financial newswire. “What we’ve seen is a pickup in both places. The number of institutions coming into this industry has not increased  yet”

According to CZ 60% of Binance volume account from retail investors.
Margin trading, where traders can borrow against their deposits on an exchange, may also be having an effect on the bitcoin.

In 2017, the price of Bitcoin that pumped from $1000 per Bitcoin to almost $20,000 causing a Bullrun
In less than 12 months is believed to be driven by retail investors.

Many of us believe that the main thing that is going to make this bull run happen this year is the interest that these tech companies like Facebook, iPhone Maker Apple and adoption from the New York Stock Exchange Exchange-owner backed bitcoin and cryptocurrency platform Bakkt, and Fidelity Investments, one of the largest asset managers in the world have shown.

Bitcoin, they say, is the future currency. If you have been following this awesome new digital currency, you will see it has taken over the internet.

Especially on Twitter, you will mostly see Bitcoin among the trending topics all over the world.

This year has been a year for Bitcoin; starting last year December, we all saw a spike in the price of Bitcoin from $15,000 to $20,000.

This new year the price has continued to pump.

The reason causing the pump to us is plenty.
First, individuals are getting to trust the blockchain system more, as with Bitcoin, you control your own money, Unlike the fiat currency that the central government rules.

With Bitcoin, the price is determined by the people trading it since it is a peer-to-peer way of making transactions.

The price has been pumping because big institutions are going in and investing in cryptocurrencies.

Recently we heard Elon Musk’s company called Tesla investing in Bitcoin.

The richest man in the world has been promoting Bitcoin on his Twitter account.

And there was even a time when he changed his profile description to a Bitcoin icon.

Now back to the messaging apps, there has also been a lot of news between WhatsApp and Signal.

I know you already know about WhatsApp, but Signal is also a messaging app.

Recently WhatsApp updated its terms and conditions, and in the new policy, the app is requesting its users to permit them to share their data with its parent company Facebook.

When WhatsApp rolled out this new policy, people started moving from WhatsApp to a ‘more secure and private messaging app’ called Signal and Telegram.

A non-profit organization owns the Signal app, and they don’t make money from this Signal app, but their money comes from donations.

Recently Signal app made a tweet, and in their tweet, they made it known that they now accept cryptocurrencies as donations, and anybody who wants to support their work by donating can now donate using cryptos. Here is their tweet:

As a nonprofit organization, we depend on your support. If you’ve been patiently waiting for Signal to accept cryptocurrency donations, you no longer need to hodl back your generosity.

As a nonprofit organization, we depend on your support. If you've been patiently waiting for Signal to accept cryptocurrency donations, you no longer need to hodl back your generosity.https://t.co/1shZcAbZLi

— Signal (@signalapp) March 15, 2021

Accepting cryptocurrencies as donations is a good step for Signal because many people would prefer to tip someone without paying huge fees and without disclosing his or her identity.

After seeing the tweets, a lot of people replied by saying they were going to donate to support their good work.

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