Three Arrows Capital, a fund management company registered and supervised by the Monetary Authority of Singapore, disclosed a massive BTC position through the Grayscale Bitcoin Trust. The firm owns over 6% of all GBTC shares, meaning a total amount of almost 37,000 bitcoins. According to a document that Three Arrows Capital filed with the US...Read More
Earlier today, Bitcoin’s record-breaking surge to the $34,000-mark made headlines across mainstream media platforms, which attracted long-time Bitcoin critic Peter Schiff to comment on the same. The gold advocate recently took to Twitter and said: It seems like a pretty good indicator of a market top. Image Source: Twitter Schiff has been known to criticize...Read More
For Bitcoin, the days that followed Christmas 2020 have been extraordinary. Since 26 December, Bitcoin has shot up by 40.74% on the price charts. One can argue that the cryptocurrency brushing past the psychological resistance levels at $25k, $30k, and climbing as high as $34.8k is a testament to the strength in Bitcoin’s bull rally....Read More
The price of Bitcoin, the world’s largest cryptocurrency, registered a new all-time high of $34,800 on 3 January 2021. However, thanks to the exponential nature of BTC’s hike, corrections were inevitable. On 4 January, as the crypto was consolidating above $32k, it witnessed a sudden dump, with the value of the cryptocurrency plummeting from $33,374...Read More
Disclaimer: This is not investment advice. Do your research before investing any money into crypto. This article answers the most important retail question, “Should I invest in bitcoin now?” With bitcoin going only up, it might be difficult for new investors waiting for a pullback to invest. While waiting for a pullback to invest sounds...Read More
Early mover advantage is the advantage a company/person gains by being the first to introduce a product to the market. One prominent example would be Amazon, which created the first online bookstore, established its presence and brand value. This same advantage also applies to Bitcoin, the first cryptocurrency working on blockchain technology to employ a...Read More
Bitcoin’s birthday bash has begun with the coin reaching a new all-time high at $34,800. This new all-time high has been a result of a year-long struggle of Bitcoin after grappling with the impact of COVID-19. The year 2020 had been filled with challenges for cryptocurrencies has emerged stronger from the adversities and paved the...Read More
Bitcoin has hit new all-time highs quite a few times in the last week. At the time of writing, bitcoin has struck a high of $34,830. Clearly, bitcoin is in a bull run, especially with Coinbase striking, what could be, potential OTC deals pushing BTC out of exchanges. With more BTC being bought up by...Read More
Bitcoin has hit yet another all-time high going past $30k and amid this raging market activity, the community witnessed great sums of Bitcoin [BTC] being transferred from top exchanges like Bitstamp to Coinbase. An advanced crypto tracker on Twitter, Whale Alert has highlighted many such transfers from prominent exchanges and wallets ending up in Coinbase....Read More
Bitcoin has managed to hit yet another all-time high as it surpassed $30,000 today. The largest cryptocurrency has been witnessing great momentum in the market which has helped it report new highs over the past month. Source: TradingView Unlike 2017, the 2020 ATHs were a result of growing interest in the coin. This was due...Read More
Indian authorities have arrested a 60-year-old greetings maker for duping about 45 people in investing over $350,000 in a fraudulent cryptocurrency scheme. The accused ran the operation through a designated application and promised double-digit monthly returns. Indian Crypto Fraudster Arrested As reported by the Times of India, the local police apprehended Umesh Verma at the...Read More
Many central banks around the world are now engaged in some type of CBDC exploration. Time and again, they have claimed that digital currencies could provide far better oversight into monetary movements. Governments that seek to combat money laundering and corruption have all come to the conclusion that CBDCs can help them trace illicit activities. ...Read More
Bitcoin may be a store of value for a few, a hedge against inflation, or digital gold for many. The asset’s institutionalization has made one thing clear, Bitcoin is not for weak hands and it may mean different things to different people. It may be an asset class like commodities, a legitimized medium of exchange,...Read More
Comparing Bitcoin with the traditional asset class and commodity assets such as gold has been a common theme in 2020. However, while most assets were unable to compete with Bitcoin’s ascendency in terms of RoI, Tesla did it better. In fact, almost 3 times better. In order to understand the dynamics on a grander scale,...Read More
The past year was punctuated by a series of extreme peaks and troughs. In spite of that, however, there is an assured collective acceptance of Bitcoin, one that is palpable. 2020 particularly was dominated by numbers and growth. Here are a few highlights, Crypto’s collective market cap increased by 284% Bitcoin Year to Date spike...Read More
Bitcoin is the largest cryptocurrency in the world and it is also the most popular. Have you ever wondered why? Although your answer is going to be a quick yes, let’s take a look at why this is so. It is the largest due to its market cap, which is the product of price per...Read More
The leading digital asset manager, Grayscale, has taken full advantage of the developments within the cryptocurrency field with record-breaking inflows. The company’s assets under management (AUM) have increased ten-fold throughout 2020 to above $20 billion. Grayscale’s Best Year To Date Founded in 2013, Grayscale is among the largest gateways for institutional investors to receive exposure...Read More
Binance, the Changpeng Zhao-led crypto-exchange, today is synonymous with the crypto-market. Widely considered as the world’s biggest crypto-exchange, the impact Binance’s operations have on the larger market cannot be understated. In fact, over the past few years, CZ’s Binance has emerged as a monolith of the industry. Ergo, the question – Is Binance too big...Read More
Less than 24 hours after most of the world called curtains on 2020, it is fair to say that Bitcoin closed its shop in the best way possible. It should be noted, however, that for the cryptocurrency market, the past two weeks have been incredibly lucrative. Source: BTC/USD on Trading View Bitcoin crossed its previous...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Bitcoin has had a phenomenal year, with its price tapping new highs every day. At the time of writing, Bitcoin had just hit $29,300, a new all-time high for the cryptocurrency. This has been...Read More
2020 has been a monumental year for the cryptocurrency market. For the world’s largest cryptocurrency, Bitcoin, the year saw drastic dips in price as well as a new ATH set during the December 2020 bull run. The larger crypto-space has not only seen increased adoption and greater use cases, but 2020 was also the year...Read More
2020 was surprising, chaotic, and exhilarating, and so was Bitcoin. With the year at an end, it is time to whip out those glasses for a perfect 20/20 vision, not to look back, but to peer into the future. The year so far… To sum the year up would be impossible, especially considering the plethora...Read More
From January to December 2020 – How have crypto-regulations evolved this year? 2020 will always be known as the year the COVID-19 pandemic reshaped the way we as humans function and interact with the world. For most in the crypto-community, however, this was also the year the world realized the true potential of cryptocurrencies. With...Read More
New research indicates 78% of the circulating Bitcoin supply, which is 14.5 million BTC, as being illiquid. According to analysts Kilian Heeg and Rafael Schultze-Kraft at Glassnode, increased perception of Bitcoin as a store of value and hodling activity is reducing liquid bitcoin. Illiquid Bitcoin has been increasing this year, which means there will be...Read More
Gold advocate and Bitcoin critic Peter Schiff has become the second most influential Bitcoin figure, ranking below Morgan Creek’s Anthony Pompliano, according to social media analytics platform Lunarcrush. Image Source: Lunarcrush Self-claimed Bitcoin pioneer and podcaster, Max Keiser who ranked fifth has often criticized Peter Schiff for his opposing views on Bitcoin. However, Schiff has...Read More
The 100 BTC kidnapping case in the Indian state of Karnataka continues to develop as the local police have arrested another suspect on the case. Reports say he was the one who abducted the kid in front of his home after being recruited by the mastermind of the entire operation. Progress On A 100 BTC...Read More
Francis Suarez, Mayor of Miami said that he was “definitely open to exploring” new resident Anthony Pompliano’s suggestion of allocating “1% of the city’s treasury reserves in Bitcoin.” He also mentioned that Florida’s Chief Financial Officer, Jimmy Patronis was “forward-thinking” about blockchain and crypto technology. Suarez said this in response to the CFO’s tweet that...Read More
New York-based fund manager VanEck has recently filed for registration for their upcoming VanEck Bitcoin Trust with the United States Securities Exchange Commission (SEC). According to the document filed with the federal agency, the preliminary prospectus was filed on 30 December 2020. Twitter user Kevin Rooke drew attention to the filing from the $49 billion...Read More
GreenPro Capital has announced its plans to set up a BTC Fund for investment. The firm confirms its belief that Bitcoin might be the next best thing and a truly reliable store of value. Another Believer In The Bitcoin Institutional Future GreenPro Capital Corp (NASDAQ listed as GRNQ) is among the latest corporations to express...Read More
Not many can deny that bitcoin is in the final leg of the 2020 bull run before it hits the $30,000 mark. In fact, bullish 2021 predictions expect bitcoin’s price to range from $36,000 to beyond $300,000. With regard to the digital asset’s price surges, Jeremy Allaire, of Circle spelled out key drivers for this...Read More
