Although Q1 2021 has a few more weeks left, it has already broken the record in terms of the most substantial inflows in cryptocurrency assets with over $4.2 billion, informed a report from CoinShares. Interestingly, Ethereum has skyrocketed in popularity among investors as it has garnered roughly 50% of the total flows in recent weeks....Read More
This was an important week in Bitcoin’s history. For the first time ever, the price reached an all-time high above $60,000. Regardless, it was an intense few days in terms of price action, and many altcoins also experienced serious volatility. It all started last weekend. On Saturday, the price started trending upwards and managed to...Read More
The founder of SkyBridge Capital and former White House Director of Communications, Anthony Scaramucci, made a somewhat surprising statement earlier today saying that Elon Musk owns about $5 billion worth of BTC personally and through his companies. Elon Musk’s electric vehicle and clean energy giant, Tesla, made the news in February when it was revealed...Read More
It appears that 2021 is the year for Bitcoin ETF approvals as yet another exchange-traded fund tracking the performance of the first-ever cryptocurrency will emerge – this time, in Brazil. The country’s Securities and Exchange Commission (CVM) has given its blessing to QR Capital’s application, and the QBTC11 product will go live on the Sao...Read More
The Securities and Exchange Commission has put VanEck’s ETF ( Exchanged-traded fund) proposal for discussion. The institution now has a 45-day window to approve, deny, or even extend the review process to at least 240 days VanEck’s proposal was published on the SEC’s official website. Several companies and investment firms have been trying since 2017...Read More
Just a few days after news broke that Morgan Stanley will enable its institutional clients to buy bitcoin, the giant investment bank has reportedly started negotiations to purchase a stake in the largest South Korean cryptocurrency exchange – Bithumb. According to coverage from the Asian media website Naver News, Morgan Stanley is the latest prominent...Read More
The General Service Administration, a part of the US government, has successfully auctioned off 0.7501 bitcoins. Although the portion of sold BTC is not that impressive, what’s intriguing about this purchase is that the buyer paid a substantial 21% premium due to the high number of bidders. US Government Sells Bitcoin With a Premium The...Read More
The US government sent another set of stimulus checks to its citizens following the most recent relief bill signed by President Joe Biden. Interestingly, two surveys asking people how they plan to utilize the funds indicated that about 10% will be allocated in cryptocurrencies. 10% of Americans to Put Stimulus in Crypto? Earlier this month,...Read More
Renowned on-chain analyst and brainchild of the popular Bitcoin stock-to-flow model, ‘PlanB’, has posted an update to the model and some latest predictions on the current bull market. This is the fourth cycle since the asset’s inception in 2010 and one that could go much higher than current levels if history rhymes. Bitcoin has made...Read More
Meitu is a software development firm listed on the Hong Kong Stock Exchange, most known for its selfie-editing app. The app was massively popular in China before adding built-in filters and editors to major social media platforms. Since then, however, the company has struggled to find new avenues of growth. Now, the company is following...Read More
Just a few months after America’s oldest bank announced bitcoin custody services, the Wall Street giant Morgan Stanley will start offering its clients access to BTC funds. Nevertheless, the bank has outlined bitcoin’s risky nature and said that only people with “an aggressive risk tolerance” should take advantage of the service. By citing an internal...Read More
Graham Ivan Clark, the teenager who was the mastermind behind the hack of various Twitter accounts belonging to high-profile accounts back in 2020, has received a three-year jail term. Twitter Hack Mastermind Serving Time According to a report by the Tampa Bay Times, Clark pleaded guilty to the Twitter hack that happened last summer at...Read More
Since its March 14 peak of $61,000, Bitcoin has corrected by 12.3% to $53,500 during Asian trading on Tuesday, March 16, before recovering slightly to trade at current prices of $54,350 according to Tradingview.com. How Deep Will The Correction Go? The previous correction on Feb. 22 resulted in a pullback of 26% while the one...Read More
Michael Saylor’s business intelligence giant has kept its promise to allocate additional funds in the primary cryptocurrency. MicroStrategy announced on Friday that it had added another chunk of 262 bitcoins to its sizeable stack of over 91,000 tokens. The company’s founder and CEO, Michael Saylor, took it to Twitter on Friday to inform of the...Read More
On this day, exactly one year ago, Bitcoin saw one of its worst trading sessions in history. The cryptocurrency lost around 50% of its value and tapped a low at around $3,800. That’s also true for every altcoin, as well as for the traditional financial markets. Nevertheless, it’s safe to say that the cryptocurrency market...Read More
The world’s leading crypto exchange, Binance, is purportedly being investigated by the US Commodity Futures Trading Commission for allowing residents to trade derivatives without the necessary registration. Although Binance CEO CZ called the development “FUD,” the crypto market reacted with a sudden price drop. Citing people familiar with the matter, Bloomberg reported the CFTC had...Read More
The New York State Department of Financial Services (NYDFS) has announced that Bakkt Marketplace has become the 29th cryptocurrency company to receive BitLicense since 2015. This approval comes amid the firm’s endeavors to be publicly listed and to launch the long-anticipated Bakkt App. The NYDFS started granting such licenses to digital asset businesses in 2015,...Read More
Nexo, a financial service provider for digital assets, has announced a $150k donation to Brink, a non-profit dedicated to encouraging, nurturing, and supporting the open-source Bitcoin development community. This follows the contribution of Jack Dorsey, who recently granted 1 BTC to the organization as well. Nexo Donates $150K to Brink As Bitcoin continues to experience...Read More
Peter Schiff tweeted today that his son, Spencer Schiff, went all-in on Bitcoin during the last drop below $50,000. According to his father, a full 100% of his portfolio is now invested in Bitcoin. The elder Schiff has been a long-time Bitcoin detractor. However, his child’s interest in cryptocurrencies may expose him to some new...Read More
The initiative of international companies pouring funds into bitcoin has another representative in the face of the Israeli asset manager Altshuler Shaham. The company has allocated $100 million in the primary cryptocurrency through the Grayscale Bitcoin Trust in the second half of 2020. Israeli Asset Manager Puts $100M in BTC Founded in 1990, Altshuler Shaham...Read More
On-chain analytics provider, Glassnode, has revealed that there is solid support at the $47,000 level for Bitcoin. It came to this conclusion in its latest ‘Week on Chain’ report using analysis from chart guru Willy Woo and data scientist Rafael Schultze-Kraft (@n3ocortex). It added that Woo noted a significant volume of BTC was transacted on-chain...Read More
The leading payment processor, PayPal, announced today that it has agreed to purchase the digital asset custody company, Curv. It said that it will complete the acquisition in the first quarter of the year. Rumors Confirmed True As PayPal Acquire Curv Reports surfaced last week that PayPal was planning to acquire cryptocurrency security firm, Curv....Read More
The institutional bitcoin frenzy continues to spread like an epidemic. After several United States mega corporations added the digital currency to their balance sheet, the floodgates have been opened to major institutions across the world. Norwegian holding company Aker ASA said today that it will establish a new unit dedicated to bitcoin investment and the...Read More
India’s Finance Minister told CNBC that the country’s reserve bank is not shutting out cryptocurrencies entirely. She said that while the Reserve Bank of India will decide which unofficial cryptocurrencies will be used and regulated, there will be “a window for experiments” in the industry. New Lease Of Life For Bitcoin In India India’s minister...Read More
Chinese tech company Meitu has announced a massive purchase of 380 BTC and 15,000 ETH, representing an entry of about 40M USD, as of writing these lines, into the cryptocurrency market. This came just one month after tech mogul Elon Musk, the founder of Tesla, announced that the company would be purchasing 1.5B USD worth...Read More
A change in the administration of the world’s most dominant economy potentially spells a new era for nascent technologies like blockchain and cryptocurrency. Incoming regulations and policies can either accelerate growth or impede progress. Fully aware of this, America’s leading blockchain group is taking the bull by the horn. It is taking the plunge to...Read More
Bitcoin reached a historic high of $57,371 in the month of February, the ascent is likely to remain as predicted by popular cryptocurrency analysts. Kaleo suggests bitcoin will hit the figure mark by April and tells his followers to “ Buy more now”. His predictions are on the bitcoin movements that happened back in 2017...Read More
With bitcoin currently enjoying a near 70% YTD increase, bullish predictions see the asset topping into a six or even seven-digit territory in the following decade. These projections came recently from Kraken’s CEO, Jesse Powell, and the Managing Director of Magnetic, William Quigley. Bitcoin to $150K in the Next Year Founded in 2010, Magnetic is...Read More
Analyzing Bitcoin HODL Waves from previous bull runs as led crypto YouTuber and analyst Lark Davis to the conclusion that this cycle is still in its infancy. He added that we are just now past the first major price wave, “get ready for wave 2”. This #bitcoin bull run has barely even started yet! We...Read More
Popular venture capitalist and Bitcoin bull Timothy “Tim” Draper predicted that major online streaming platform Netflix could be the next company to join the bitcoin buying bandwagon. Next Bitcoin Investor Could Be Netflix Speaking in a recent episode of the Unstoppable Podcast, Tim Draper stated that Netflix could be the next in line to add...Read More
