After the recent cryptocurrency market correction, Bitcoin and Ethereum both rebounded sharply. Most cryptocurrencies only registered single-digit percent losses, with some seeing bullish momentum. At the time of writing, Bitcoin price continuously shows strong support at $48,000 as it attempts to breach the $50,000 level once again. The recent crypto market pullback erased over $600...Read More
The central bank of Indonesia is willing to issue a digital form of its national currency as a way to “fight” private digital assets. The financial institution believes a CBDC would be more “credible” than bitcoin or the altcoins. Indonesia and its CBDC Efforts Bank Indonesia (BI) – the country’s central bank – displayed its...Read More
The weekends appear to be completely bearish for the crypto space nowadays. The asset tend to shed huge gains during these times. Currently, the space witnessed yet another March 2020 or May 2021-type crash. Bitcoin price for the first time in the past couple of months slashed below $50K and currently hovering in the same...Read More
El Salvador’s pro-bitcoin president updated earlier today that the country has reacted to the recent price crash by purchasing 150 more coins at an average price of just over $48,500. It’s safe to say that El Salvador is the most bullish country on bitcoin as it legalized the primary cryptocurrency earlier this year. Since then,...Read More
Bitcoin’s closing price for November below $60,000 meant that PlanB’s floor model, which was particularly accurate until now, was finally broken. At the same time, though, the analyst confirmed that the more popular stock-to-flow model was still valid as BTC is on track towards $100,000. PlanB’s Floor Model Fails PlanB is among the most popular...Read More
On Dec. 1, the outspoken Nayib Bukele responded to a Bloomberg report detailing Federal Reserve chair Jerome Powell’s comments on inflation. Interestingly, El Salvador’s president asked the Fed chief to stop printing so much money out of thin air. Inflation a Growing Concern A fresh round of economic anguish has been ignited by last week’s...Read More
One of the world’s largest asset managers, Fidelity Investments, is set to launch a spot Bitcoin ETF in Canada and doesn’t intend to wait for the US Securities and Exchange Commission to make up its mind. Fidelity Investments currently manages around $4.2 trillion in assets, making it one of the leading asset management companies in...Read More
In a CNBC interview over the week, a major hedge fund manager predicted that “massive inflation” will lead the Fed to hike interest rates six times by 2024. Crypto traders are keeping a close watch on the macro-financial environment as they wrap up another volatile month. Federated Hermes has over $600 billion in assets under...Read More
Deutsche Borse – a German stock market operator – recently announced the listing of a Bitcoin Spot ETN on its digital stock exchange “Xetra.” The product comes from Invesco, an American investment management company that filed for a Bitcoin futures ETF in the US in August but recently dropped. Invesco’s Spot ETN Deutsche Borse revealed...Read More
The price of Twitter shares shot up by double digits as news broke that the CEO of the social media giant – Jack Dorsey – has decided to quit. CNBC reported earlier on November 29th the breaking news about Jack Dorsey’s decision to step down as the chief executive officer of Twitter. The news comes...Read More
MicroStrategy – the firm spearheaded by one of Bitcoin’s most avid and vocal proponents, Michael Saylor – revealed yet another whopping Bitcoin purchase. MicroStrategy doesn’t seem to waste any time and resources when it comes to accumulating more bitcoin. Michael Saylor, the company’s CEO, announced that they had bought another 7,002 bitcoins for around $414.4...Read More
Advertisement The cryptocurrency market has taken a hit as a result of concerns about a new Covid version that was discovered in South Africa. The price of Bitcoin is currently trading at $54,941 and has gained 1.5 percent in the last 24 hours. Although the short-term price action appears bearish, the underlying fundamental and on-chain...Read More
Nayib Bukele – President of El Salvador – recently announced that his country has purchased another 100 Bitcoin. That’s about $5.4 million worth of the primary cryptocurrency, at today’s prices. El Salvador Continues to HODL As always, the “CEO” of El Salvador (as reads his bio) casually announced the purchase in a tweet on Friday....Read More
To cater to the rising demand for digital asset funds, the Singaporean fund manager Fintonia Group has announced the launch of two institutional-grade funds tracking the performance of the world’s largest cryptocurrency. Fintonia Bitcoin Physical Fund and the Fintonia Secured Yield Fund are the two new products offered by the financial services firm regulated by...Read More
Advertisement The crypto economy has lost 8% of its worth in the last 24 hours, as a large number of crypto asset values fell sharply during overnight trading sessions. Crypto markets have lost more than $22 billion in value, with the top 20 digital currencies losing ranging from 6% to 20% of their worth. Bitcoin,...Read More
It’s been a very volatile week in the cryptocurrency market. Despite the turbulence, some altcoins managed to hold their ground and even appreciated in value, but the same can’t be said for Bitcoin. The primary cryptocurrency is down about 4% on a weekly basis, but this comes after a week of serious volatility. On Monday,...Read More
Black Friday is here again! It is one of the biggest and most anticipated periods for shoppers in the United States and many other countries around the world. The reason is simple: everyone gets to benefit from the massive discounts and deals as the US celebrates Thanksgiving and as Christmas approaches. Interestingly, the cryptocurrency industry...Read More
PlanB admitted that his worst-case scenario in terms of BTC’s price movements is about to be proven wrong for the first time. The analyst’s model forecasted a $98,000 price tag for the asset at the end of November, which seems somewhat of a long shot as of now. PlanB’s Worst-Case Scenario CryptoPotato has previously reported...Read More
A recent filing with the United States Securities and Exchange Commission (SEC) reveals that the international banking behemoth Morgan Stanley has an increased appetite for BTC, even as the price of the cryptocurrency goes up. According to several filings with the SEC, Morgan Stanley has substantially increased its BTC exposure. The company has done so...Read More
Three years after halting bitcoin payments, citing enhanced volatility and lack of efficiency, the financial services, and software giant Stripe could soon resume its support for cryptocurrencies. During a CNBC-moderated panel at the Fintech Abu Dhabi festival on Tuesday, John Collison – the CEO of Stripe – spoke about the possibilities of his company reenabling...Read More
In a matter of two weeks, one of the largest BTC whales has accumulated more than 6,600 coins as the price of the asset has declined by more than 10% in the same timeframe. CryptoPotato frequently reports the sales and purchases of this particular whale, which tends to sell when the asset’s price has appreciated...Read More
The tranquility of Bitcoin traders has been perceptible with a recent price correction. The flagship asset wrestles hard to come out of the range-bound range, yet is stuck between $56k to $58k. While the asset trades within crucial zones, breakout or breakdown looks imminent in the next couple of days. Advertisement A crypto analyst DLavrov...Read More
El Salvador continues to create history with its bitcoin adoption, with the latest initiative being the announcement of an entire city focused on the primary cryptocurrency. The nation plans to put this plan in the works through mining-backed volcano bonds worth in total $1 billion. While this may sound groundbreaking and surprising to some, one...Read More
The American football star announced on Monday that he had entered into a partnership with Cash App, which will see him take his salary for the 2021-2022 NFL season in BTC. Paycheck in BTC Beckham, who had just recently been signed by the Los Angeles Rams shortly after he was released by the Cleveland Browns...Read More
Mercadolibre, Latin America’s largest e-commerce site, is stepping up its bet on cryptocurrencies after several successful experiences. Now, a senior executive announced that within the next few weeks, the company will enable a service for buying, selling and saving cryptocurrencies, initially available to its customers in Brazil. New Crypto Services for Brazil According to Bloomberg,...Read More
The Crypto market has opened the week with high volatility, Bitcoin rose up to $60K and couldn’t hold up and started a decline, the market cap slipped to $1,079 billion. ETH Price is down by 4.6% with major altcoins trading in the red. The worldwide crypto market capitalization is at $2.56 trillion, down 2.74 percent....Read More
Just months after adopting BTC as legal tender, the small Central American country plans to create a Bitcoin City with the help of Blockstream and Bitfinex. Separately, the country said it will buy $500 million more of BTC. Bitcoin City in El Salvador The country made the news earlier this year by indicating that it...Read More
Concluding, after a conversation with Dr. Saifedean Ammous, that bitcoin is the “most disruptive technology against inflation,” the Canadian professor of psychology – Jordan Peterson – increased his BTC holdings. ‘Inflation Be Damned’ Jordan Peterson – a clinical psychologist and a famous YouTube personality – interviewed the author of “The Bitcoin Standard” – Dr. Saifedean...Read More
The largest grantmaker in the United States – Fidelity Charitable – has reportedly beaten all its previous records in terms of cryptocurrency donations received by the organization. Since the beginning of 2021, it has accepted nearly $274 million in digital assets. Crypto Donations Smashed The Records The news was reported by the British business newspaper...Read More
Changpeng Zhao (CZ), the CEO of the world’s biggest cryptocurrency exchange, Binance, has revealed that he has a personal stash of bitcoin in his investment portfolio. CZ Bought Bitcoin in 2014 Speaking in a recent interview with the Associated Press, CZ noted that although a significant percentage of his net worth is made up of...Read More
