Although Bitcoin is performing remarkably well, it is not all praise in the market world. Take Will Hobbs —chief investment officer at Barclays Wealth & Investments— as an example. He is clearly not convinced that Bitcoin is all that its proponents claim. Speaking to Markets Insider, Hobbs said that his company’s investment strategy doesn’t involve...Read More
Bitcoin recently became a trillion-dollar asset as its price also surged past $57,000. A few hours later, ETH made headlines as it crossed the coveted $2K mark. Several other cryptocurrencies have also performed well. Tesla’s CEO, Elon Musk, is of the opinion that the prices of both digital currencies are high. Pro-gold and anti-bitcoin economist...Read More
The growth of the leading cryptocurrency asset manager Grayscale Investments has pushed the company into appointing three new C-suite hires. As a result, the company has filled the roles of Chief Operating Officer, Chief Compliance Officer, and Chief People Officer. New C-Suite Hires In Grayscale Founded in 2013, Grayscale is a crypto asset manager that...Read More
The narrative that bitcoin is rarely used for payment transactions has been debunked by several fields in the span of a week. Apart from Swiss residents being able to pay their canton taxes in BTC or Portuguese citizens paying their electricity bills, a UK-headquartered private jet charter company said that nearly 20% of its yearly...Read More
The popular crypto exchange OKCoin has made a somewhat controversial decision to delist two Bitcoin forks – Bitcoin Cash (BCH) and Bitcoin SV (BSV). According to the platform’s CEO, the company is doing what’s in the best interest of Bitcoin’s ecosystem while trying to act against Craig Wright’s recent lawsuit urging various websites to remove...Read More
This is one of the most monumental weeks in Bitcoin’s history. Today, February 19th, 2021, for the first time ever, the cryptocurrency’s market capitalization surpassed $1 trillion. That’s right! Bitcoin became a trillion-dollar asset! This became possible after a dynamic week of trading where BTC’s price surpassed $50K for the first time in history. Just today,...Read More
JPMorgan Chase & Co strategists have warned that BTC’s price could be in bubble territory as it’s significantly higher than their estimated fair value. Furthermore, the analysts believe that bitcoin, and other cryptocurrencies, have failed to serve as a hedge to equities. JPM’s Swinging BTC Opinion After being somewhat positive on BTC for months, claiming...Read More
Tesla’s Elon Musk continues with his controversial opinions on bitcoin. After recently saying that he is a supporter and BTC is a “good thing,” he now called the primary cryptocurrency “almost as bs as fiat money.” Musk: BTC Is Slightly Less Dumb Than Cash The latest Musk comments on the cryptocurrency came as a response...Read More
Popular gold advocate Jeffrey Gundlach, CEO of DoubleLine Capital, has thrown his weight behind Bitcoin (BTC), stating that the crypto asset is a better investment than the precious yellow metal. Gundlach tweeted earlier today that despite being a strong gold bull and a long-term U.S. dollar bear, he has chosen to be neutral on both...Read More
The private financial and investing advice company The Motley Fool has announced plans to allocate $5 million in Bitcoin. The Motley Fool Joins The BTC Party The Virginia, US-based company announced its intention to buy BTC in its Twitter account earlier. It reads that “we are buying $5 million in Bitcoin on our own balance...Read More
Residents located in the canton of Zug, one of the 26 cantons in the European country, will be able to use Bitcoin and Ethereum to pay their cantonal taxes as of this week. This comes just months after the canton partnered with Bitcoin Suisse to enable the innovative initiative. CryptoPotato reported the partnership between the...Read More
A U.S. court has brought charges against three North Korean hackers, accusing them of massive crypto thefts. The individuals are computer programmers and have allegedly worked alongside government officials on their operations. Stealing More than $1.3B in Cash and Crypto A U.S. court charged three North Korean individuals suspected in an attempt for a massive...Read More
The firm, which specializes in investment, research, and development in the cannabis sector, said that their industry has had very positive experiences with cryptocurrencies as a “simple and digital means of payment.” Corporations Buying Bitcoin Seems To Be Trendy It seems like only yesterday Elon Musk made the SEC filing, laying out how his company...Read More
The world’s largest asset manager, BlackRock, is looking into Bitcoin. This was confirmed by the managing director of the company, Rick Rieder, today. Rick Rieder, the managing director of BlackRock, the world’s largest asset manager, confirmed that the company is looking into Bitcoin. “We’ve started to dabble a bit into it,” he said, refusing to...Read More
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex Earlier today, Bitcoin updated its all-time high once again. However, the correction that took place on February 15th, 2021, made over 300 thousand traders close their positions with a total loss of $2 billion. Almost all these positions were long – traders are in a hurry to buy the...Read More
Bitcoin Price Rally Smashes ATH Amid Market Euphoria Bitcoin, which initiated its journey with just being an idea of decentralized structure, now has become the most valued crypto in the market. Many eyes and hands behind attempted effortlessly despite a series of plunges or corrections. As a result, BTC price which was consolidating below $50K...Read More
Jim Bullard, President of the St. Louis Federal Reserve, has dismissed the value proposition of Bitcoin (BTC) based on some of the oft-quoted advantages claimed by BTC proponents. Speaking to CNBC on Tuesday, Bullard remarked that the Federal Reserve viewed Bitcoin as more of a rival to gold than an actual currency. According to Bullard,...Read More
Peter Schiff, a well-known economist, gold proponent, and one of the most vocal opponents of Bitcoin, admitted that he was wrong about Bitcoin not hitting $50,000. Bitcoin’s Price Hits $50K For the First Time in History For the absolute first time since its inception, Bitcoin has hit the coveted $50,000 mark. The price has since...Read More
The recent boom in institutional interest in Bitcoin and cryptocurrencies might be a fresh sign that the market needs crypto regulations. SEC Commissioner Hester Peirce pointed out that the wide range of investors would also improve price formation. Institutional Interest as the Long-Awaited Sign for Crypto Regulations US Securities and Exchange Commission (SEC) commissioner Hester...Read More
American singer, songwriter, and entrepreneur, Lindsay Lohan is the latest celebrity to openly endorse cryptocurrencies. Just three days ago, she announced the sale of her NFT, Bitcoin ‘Lightning,’ and now, it seems she is getting fascinated by the DeFi world. There appears to be a widespread bitcoin frenzy in the music scene. While Hip Hop...Read More
Morgan Stanley might become the next major institution to jump on the Bitcoin bandwagon. According to a recent report by Bloomberg, a unit of Morgan Stanley Investment Management called Counterpoint Global is exploring whether or not BTC would be a suitable option for its current investors. Sourcing people familiar with the matter, the report says...Read More
While the $1.5 billion bitcoin purchase from Tesla caught most crypto insiders and outsiders by surprise, Binance CEO Changpeng Zhao actually predicted the move over a month ago. Simultaneously, full-time BTC basher Peter Schiff was wrong (again) as he said that Elon Musk would not be “dumb enough” for such a move. CZ Was Wright...Read More
Leo Polovets of Susaventures mentioned in a curious tweet today that he increasingly feels that startups would benefit from copying Tesla and MicroStrategy by putting a fraction of their cash into Bitcoin, he noted, “Worst case you lose a few percent of your bank balance, best case you might extend your runway by 25+%. Asymmetric...Read More
Mastercard’s recent move to enable crypto on its network is a significant update that will help further Bitcoin’s adoption and make it mainstream. However, following the purchase of Bitcoin by Tesla and MicroStrategy the obvious next step was to consider Bitcoin payments, however, a critical question is, are retail traders willing to spend their Bitcoin...Read More
Bitcoin’s price has rebounded from the correction that followed the new ATH and the asset is now trading close to $48000, well on track for price discovery beyond the ATH. As the price continues rallying, a total of $602 Million worth of Bitcoin short positions got liquidated in the aftermath of the Tesla news. If...Read More
While the US still fights the idea of an ETF tracking the performance of BTC, the Ontario Securities Commission (OSC) has approved an application from the financial services company Purpose Investments Inc. to launch such a product in several Canadian territories. The approval document reads that Purpose Investments filed the prospectus under Multilateral Instrument 11-102...Read More
In another bit of bullish news over the past few days, the CEO of one of the world’s largest social media platforms – Twitter’s Jack Dorsey, and renowned artist Jay-Z, have set up a 500 BTC trust to fund Bitcoin development with a primary initial focus on Africa and India. Shawn Corey Carter, better known...Read More
Twitter CEO Jack Dorsey and Rapper Jay Z have come together to make a 500 Bitcoin donation to teams in Africa and India. The Twitter Co-Founder updated his status on the platform to announce the collaboration earlier today. JAY-Z/@S_C_ and I are giving 500 BTC to a new endowment named ₿trust to fund #Bitcoin development,...Read More
New York could become a ‘hub for Bitcoin and other cryptocurrencies’ if Andrew Yang is elected as the city’s mayor. Mayoral Candidate – Andrew Yang tweeted in support of cryptocurrencies earlier today, stating his intent to make the world’s financial capital more crypto centric. As mayor of NYC – the world’s financial capital – I...Read More
Speaking publically, Suarez thanked the city of Miami commissioners for supporting his resolution to procure a vendor to be able to offer employees the option to receive a portion of their salaries in Bitcoin. He added this allows our residents to pay for fees in Bitcoin and would also allow the city manager to cooperate...Read More
