Ricardo Salinas Pliego, a Mexican billionaire businessman believes that bitcoin is his best investment ever. In a recent interview, Salinas said that he first heard about Bitcoin from a Grayscale representative who gave a talk about how Bitcoin was “going to take over.” After the conference, the businessman said that he invested a small amount...Read More
Grayscale Investments’ assets under management (AUM) are now worth $19 billion in crypto according to founder Barry Silbert. CEO of Digital Currency Group took to Twitter to announce that as of 29 December, Grayscale’s AUM has tripled from 1 November, when it had $7.6 billion in assets under management. The firm has also seen significant...Read More
Bitcoin has broken past all expectations as it marked a new all-time high at $28k. This new ATH was nearly $10k higher than its 2017 price point and has resulted in its value to surpass Visa in terms of market capitalization. The chart below explains the progress of the digital asset, along with the second-largest...Read More
In an interesting twist of events, the Mayor of Miami, Francis Suarez, has said that he’s open to exploring the idea of putting 1% of the city’s treasury reserves in Bitcoin. Earlier today, well-known Bitcoin permabull and proponent Anthony ‘Pomp’ Pompliano came up with an interesting tweet. He urged his followers to retweet it if...Read More
The U.S. government or more specifically, FinCEN’s proposed AML regulation has been extended to non-custodial wallets causing an outcry in the cryptocurrency ecosystem since the proposed regulation calls for recording the name and physical address of the wallet owner for transactions that are greater than $3,000 by VASPs [Virtual Asset Service Providers]. VASPs include anyone...Read More
Although India still displays uncertainty in its approach towards cryptocurrencies, the local government is reportedly considering implementing an 18% goods and services tax on BTC transactions. With such transactions exceeding $5 billion annually, the newly proposed tax could generate additional revenue of about $1 billion. 18% Tax On BTC Transactions In India? According to the...Read More
Click Here For AMBCrypto’s Survey – A chance to win Trezor One The Indian Government has moved towards potentially implementing a tax of 18% on Bitcoin trading in the country. According to reports, the central government is currently weighing a proposal to impose a Goods and Services (GST) tax on Bitcoin, which is estimated to...Read More
Click Here For AMBCrypto’s Survey – A chance to win Trezor One Replying to a Twitter user who called Bitcoin a Ponzi scheme, Stephen Palley, a digital currency lawyer at Anderson Kill, made a strong case for the popular crypto today. The lawyer said that Bitcoin at large could not be dubbed “a Ponzi.” and...Read More
US billionaire entrepreneur and owner of the Dallas Mavericks, Mark Cuban, continues with his controversial approach towards bitcoin. After continuously asserting that he would prefer bananas over BTC as they have more utilization, Cuban said recently that public companies should, in fact, learn from the primary cryptocurrency. Cuban On BTC’s Limited Supply And Mavericks Promotion...Read More
Click Here For AMBCrypto’s Survey – A chance to win Trezor One Marathon Patent Group, a major enterprise Bitcoin mining company will purchase 70,000 Antminer S-19 ASIC miners from Bitmain for $170 million. The firm anticipates receiving an initial batch of miners in July next year and the final batch by the end of 2021. ...Read More
Click Here For AMBCrypto’s Survey – A chance to win Trezor One Bitcoin’s accelerated surge over the past few days has placed BTC closer to the $30,000-mark, than its previous ATH of $20,000. After 2+ years of the bear market, Bitcoin seems to be making a move and unlike during the 2017 bull run, this...Read More
The world’s leading cryptocurrency exchange Binance has launched a “European-style” Vanilla Bitcoin Options contracts priced and settled in Tether (USDT) aimed at institutional and advanced investors. European-style BTC Options on Binance The Malta-based cryptocurrency exchange announced the latest addition to its portfolio of digital asset products in a press release shared with CryptoPotato. The announcement...Read More
Three years ago, Bitcoin prices were just cooling off from a surge to an all-time high of $20,000. The altcoins had yet to peak, but this would come in the first week of January. Fast forward three years and Bitcoin prices are just cooling off from a new all-time high of $28,400 on Sunday, December...Read More
The US Senate has approved a new stimulus package worth nearly $900 billion, including $300 billion for small businesses and direct payments of up to $600 for American adults. With the total economic relief amount surpassing $3 trillion since the start of the COVID-19 pandemic, the question remains if these developments are inadvertent promotion for...Read More
On the price front, the crypto-market, backed by an exponential hike in Bitcoin’s price, is outperforming its projections this week. On the regulatory front, however, the industry has found a lot to contend with. With the industry gaining more maturity as the months roll by and institutions finally recognizing, accepting, and adopting the market, regulators,...Read More
It would seem that Bitcoin is intent on spreading the Christmas cheer for as many days as possible. Bitcoin, the world’s largest cryptocurrency, is on a roll. Days after it breached the much-anticipated $25,000-mark and hours after BTC surged past $26,000 on the price charts, the cryptocurrency has now shot past $27,000 on the back...Read More
Bitcoin’s recent performances have been challenging the rest of the market to up its game. However, this has not been possible so far. For instance, while the market’s second-largest altcoin, Ethereum, has been registering some growth, it hasn’t risen on the price charts as much as Bitcoin. What has this led to? Well, this has...Read More
Bitcoin’s latest price rally has pushed the cryptocurrency’s value higher on the price charts, with BTC briefly climbing to $25,000 as well. However, while for a time the said rally was driven primarily by institutions, with Christmas over and the rest of the festive season coming up, one might expect institutions to leave the reins...Read More
The Canada-based financial technology company Mogo plans to make an initial corporate investment of over $1 million in bitcoin and increase the amount next year. The crypto-friendly fintech firm has joined the recent trend of sizeable corporations that allocate funds in BTC. Mogo To Allocate 1.5% Of Its Assets In BTC The Vancouver-based fintech company...Read More
After days of consolidating its position above the $20,000-mark, Bitcoin, the world’s largest cryptocurrency, finally breached the price level of $25,000 for the first time in its history today on exchanges like Coinbase and Bitstamp. While BTC did fall below the level soon after, many expect BTC to climb back up again soon. Source: Coinstats...Read More
After recovering from the aftermath of the $1 billion shorts liquidation in Bitcoin, traders have now been hit with increased activity on the Bitcoin network. The supply shortage narrative may still be at play; however, there is more stability than one would expect above $23,000. It may come as a shock to many, but network...Read More
An actual Bitcoin ETF does not exist in the current financial industry (YET). Over the years, many organizations such as Bitwise have thrown in their hats to launch a BTC ETF but time and time again, SEC has shot it down. Yet, Grayscale Bitcoin Trust is as close to an ETF as it gets. With...Read More
Since crossing its previous ATH on 16th December, Bitcoin has done considerably well to maintain a position above $21,900 since the 17th. The king coin has not spent this much time at all-time high levels in the previous phases of bull run, and it continues to baffle the market. Over the past few days, other...Read More
With a value of $23,324 at press time, Bitcoin seemed to be spending a record period of time above $19,000 (previously it was less than 24 hours). The crypto-asset’s price growth should have turned the wheels on major derivatives exchanges, but surprisingly, that hasn’t been the case. CME’s cash-settled Futures contracts have been under the...Read More
In a recent interview, MicroStrategy CEO Michael Saylor said that bitcoin is an institutional-grade “safe-haven” asset and that the premium crypto was a solution to the “store of value problem” that “everyone” faced. He stated: First of all, Bitcoin itself is an institutional-grade safe-haven asset and it’s engineered to be superior to gold in all...Read More
It’s a bullish start to the day for the major cryptocurrencies. Steering clear of the day’s pivot levels would bring resistance levels into play. Overall, the crypto’s price is currently caught within a holding pattern with defi tokens like LINK, SUSHI, and YFI price showing massive gains. On December 23rd Bitcoin price successfully surpassed Yearn.Finance...Read More
Khurram Shroff, Chairman of IBC, or International Blockchain Consulting Group, believed that cryptocurrencies could replace bullion in the future. Speaking about Wall Street’s “renewed interest” in crypto markets, the Dubai-based executive also believed that Bitcoin’s scarcity “helped maintain buoyancy” in such markets. Shroff said in a report: Decentralized cryptocurrencies are sparking renewed interest on Wall...Read More
Digital asset trust company BitGo announced on 24 December that it has $16 billion in assets under custody (AUC). Industry experts believe this could be because big investors are seeking institutional-grade security for custody. Moreover, BitGo CEO Mike Belshe claimed that the firm was seeing “unprecedented interest” from institutional investors as a result of the...Read More
Bitcoin’s price took a minor hit in the last 24-hours, with the cryptocurrency’s price dipping below $23k briefly, before recovering to trade at $23,162. The aforementioned time period was also evidence of Bitcoin’s influence on the crypto-market, with many altcoins going into a downward spiral following the king coin’s price correction. Source: Santiment Despite the...Read More
Bitcoin has been trading above its 2017 ATH for almost a week now and yet, it seems to be showing no signs of heading lower, despite the many attempts by the market’s bears. Interestingly, Bitcoin bears might have to face more bad news since, at the time of writing, it looked like the cryptocurrency’s price...Read More
