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
With its massive $1.5 billion purchase of bitcoin, the electric vehicle giant Tesla has inadvertently helped the cryptocurrency to surpassed it in terms of market capitalization. With BTC’s price skyrocketing to new highs and its market cap following, bitcoin is now ranked as the 7th largest asset. Bitcoin Surpasses Tesla For The 7th Spot Elon...Read More
Recent research by on-chain analytics provider Glassnode has revealed that Bitcoin’s liquid supply is continuing to decrease as investors progressively acquire and hodl the asset for the long term. The findings indicate that there is currently around 78% of issued Bitcoin are either lost or being hodled. It added that this leaves less than 4...Read More
Following the news about Tesla’s billion-dollar investment in bitcoin, analysts reveal that the Elon Musk-led company invested around 15% of its net cash into the flagship cryptocurrency. As reported by CryptoPotato earlier today, Tesla made headlines across the crypto verse after it invested $1.5 billion into bitcoin, as revealed in a 10k form filing with...Read More
Bitcoin’s price exploded in the past hour following an announcement from the electric vehicle giant Tesla that it had purchased $1.5 billion of the primary cryptocurrency in January. However, the massive volatility and perhaps growing interest have caused technical difficulties for the Malta-based exchange Binance. CryptoPotato reported earlier today that Elon Musk’s Tesla had allocated...Read More
In a massive turn of events for the entire Bitcoin community, Elon Musk’s Tesla has filed with the SEC, revealing that the company has bought a whopping $1.5 billion in Bitcoin this January. The price of Bitcoin has surged to a new all-time high above $42,000 as an SEC filing revealed that Tesla has bought...Read More
New statistics from analytics provider Glassnode suggests that the number of Bitcoin whales has increased by more than 200 since the start of 2021. It classifies a ‘whale’ as an account that is holding over a thousand coins which at current prices would be valued at over $37 million. The number of #Bitcoin whales (entities...Read More
A ratio that measures the amount of Bitcoin compared to stablecoins has fallen back to levels usually indicative of bullish buying momentum. On-chain analytics provider Glassnode noted the ratio in its latest report stating that the Bitcoin Stablecoin Supply Ratio (SSR) has been declining in 2021 as more stablecoins are minted. When the SSR is...Read More
Just a few days after shocking the world by updating his Twitter bio to include only “Bitcoin,” Tesla’s Elon Musk has doubled-down on his support on the cryptocurrency. During a recent speech, Musk said that BTC is on the brink of a broader adoption from traditional financial representatives. According to a Reuters report, Musk showed...Read More
Bitcoin has to prove itself in order to become a reliable store of value. BlackRock CEO and founder Larry Fink said that the crypto asset might see a bright future, but firstly it has to endure and prove itself. Bitcoin is Still Untested During a recent interview, BlackRock founder and CEO Larry Fink expressed his...Read More
The world’s richest man, Elon Musk, has put Bitcoin as the only word in his Twitter bio. As a result, the price for bitcoin skyrocketed. Elon Musk, the CEO of Tesla has put Bitcoin as the only word in his Twitter bio. As a result, the price for the cryptocurrency has skyrocketed above $34K gaining...Read More
Guggenheim Partners CIO Scott Minerd has shared another warning of possible Bitcoin declines. The Wall Street executive predicted a massive correction, dragging the primary cryptocurrency down to $20K. He pointing out that institutional interest is not enough to stabilize BTC above $30K. Institutional Demand is Not Enough Institutional interest towards Bitcoin will not be enough...Read More
The “Bitcoin is dead” narrative has received the support of many naysayers and doubters over the years, especially in times when the cryptocurrency’s price has fallen sharply. So far, the hundreds of such assumptions have turned out to be wrong, and recent statistics showed that the number of doubters dropped significantly in 2020, as the...Read More
Despite maintaining long-term bullish views on bitcoin, Guggenheim Partner’s Chief Investment Officer Scott Miner believes that the asset will not surpass its early 2021 top of $42,000 again. As such, he doubled-down on his short-term bearish perspective, saying that BTC could drop as low as $20,000. Is Bitcoin Heading For $20K? It’s safe to say...Read More
A survey compiled by the multinational investment giant Deutsche Bank concluded that more than half of investors believe bitcoin and US tech stocks to be the biggest market bubbles. Consequently, the participants, most of whom are professional investors, predicted subsequent corrections. Bitcoin Is The Biggest Market Bubble? The primary cryptocurrency has been on a tear...Read More
UK’s National Health Service is planning the implementation of an Internet of Things project to build and manage COVID-19 vaccine provisions. The solution will use a pubic distributed ledger network – Hedera Hashgraph. Monitoring COVID-19 Vaccines Supplies Using DLT According to an official announcement, the UK’s National Health Service (NHS) will aim to digitally monitor its...Read More
Trading above $35,000, Bitcoin continues to pass milestone after milestone as reports show that the cryptocurrency received the most capital inflow this month compared to tech stocks and traditional investments. Long Bitcoin Wins Most Crowded Trade A recent survey conducted by the Bank of America on fund managers with over $500 billion in AUM reveals...Read More
The leading digital asset manager Grayscale continues to tighten its grip on the bitcoin supply. According to recent estimations, the company now owns over 3% of all the 21 million BTC that will ever exist. Grayscale’s BTC Domination Launched in 2013, Grayscale is the largest cryptocurrency asset manager with over $27 billion in assets under...Read More
Bitcoin has to endure and overcome the $40,000 boundary in order to avoid a consequent major price correction. JPMorgan strategists say that otherwise, the major cryptocurrency might suffer investment outflow. The $40K Is the Key to Future Prospects for BTC According to a JPMorgan Chase & Co report, cited by Bloomberg, this level is an...Read More
The cryptocurrency market has enjoyed the past several months with impressive gains, including all-time highs for bitcoin and several more tokens. As such, a couple of crypto analysts initiated Twitter polls to ask the community when they plan to sell their positions and realize profits. How Much Would You Sell At The Next BTC Top...Read More
This has resulted in the renewal of six-figure price predictions for this market cycle, with some suggesting a top of $300,000 this time around. At the time of writing, Bitcoin was trading at $37,900 after reaching an intraday high of $40,000 according to Tradingview.com. The asset had started to fall back during the Asian trading...Read More
According to a recent notice from trading giant eToro, customers have been advised that there could be disruptions to its cryptocurrency trading services due to ‘unprecedented demand’. It went on to state that it is seeing ‘unprecedented conditions on crypto markets’ as Bitcoin prices and total market capitalization hovers just below their all-time highs. eToro...Read More
Investing in cryptocurrencies carries risks of its own. Apart from the highly volatile price, investors who store their funds on external wallets (and not exchanges) need to save and protect the information that will enable them to access the assets. In case someone loses their private keys (essentially a password for the wallet), this could...Read More
Bitcoin prices are currently trading just over 20% down from their all-time high last week of $42,000. Things looked like recovering on Tuesday, January 12, but the ‘lower high’ posted indicates the prices have further to fall and the correction is not over yet. At the time of writing, Bitcoin was trading at $33,000, down...Read More
The reasoning behind such a claim is that an approved ETF could potentially compete with and cause an outflow from the world’s largest traded cryptocurrency fund, Grayscale’s Bitcoin Trust. It was suggested that the ETF would erode the Grayscale Trust’s effective monopoly, sparking outflows and a slide in its premium to net asset value. This...Read More
Scott Minerd, the CIO of the Wall Street behemoth Guggenheim Partners that recently decided to allocate funds in BTC, said that bitcoin’s recent price increase was unsustainable in the short term. Furthermore, he advised that it was time to take some money off the table, but speculations arose if this is part of Minerd’s master...Read More
It has taken roughly seven years, but one of Cameron Winklevoss’ bitcoin price predictions has materialized. Back in 2013, the Gemini co-founder and long-term BTC supporter said that the cryptocurrency will reach a price tag of $40,000 faster than anyone imagines. 2013 Winklevoss Prediction Comes True Back in December 2013, Cameron Winklevoss, previously known for...Read More
After an unplanned four-year holding of nearly 2,000 bitcoins, Finland’s Customs has decided to sell them now. Local authorities seized most of them after Darknet drug-trafficking investigations in 2016, but their value has expanded by about 100x since then. The Right Moment to Sell Finland’s Customs is planning to sell 1,981 bitcoins, most of which...Read More
Bitcoin is currently trading at around $38,200 as it pulls back slightly after blasting past $40,000 during late trading on Thursday, January 7. At current prices, the asset is up 33% since the same time last week and it still doesn’t look like it is ready to correct yet. Looking at centralized exchange movements could...Read More
Following the latest price developments for bitcoin, the cryptocurrency’s market cap has entered the top ten assets by market capitalization. More recently, BTC has closed the gap with Elon Musk’s electric vehicle and clean energy company, Tesla. Bitcoin Nears Tesla’s Market Cap The cryptocurrency has been on a remarkable run since October 2020. It ended...Read More
