Michael Saylor, CEO of MicroStrategy and the man who put $800 million in Bitcoin this year, is possibly one of the strongest advocates for the bullish narrative around Bitcoin, despite his skepticism about the same a few years ago. Unsurprisingly, today he is of the opinion that more institutions should make allocations to the crypto-asset,...Read More
Bitcoin has become a part of the mainstream media. A few years ago, it was odd to tweet about the most famous cryptocurrency publicly. However, during the previous months, a growing number of the world’s most influential figures and companies discuss Bitcoin. Elon Musk is considered a veteran fan of Bitcoin and the other cryptocurrencies,...Read More
With Bitcoin trading above $23,000 emerging to become the new normal, institutions and Bitcoin whales are driving price discovery into previously unchartered territories on the price charts. This doesn’t come as a shock to maxis and on-chain analysts, however, with Willy Woo recently quoted as saying, “$100,000, I would rate as very conservative, probably overly...Read More
What does Bitcoin’s latest hike tell us about its investors? Bitcoin has been in the news for all the right reasons lately. With 2020 drawing to a close, the coin has managed to do a repeat of the 2017 bull run and in the process, it has managed to create a new ATH by quite...Read More
An interesting observation recently made by Willy Woo on the 18th of December 2020 was that over a period of 11.2 years, $1 invested in Gold appreciated to $1.82 whereas Bitcoin appreciated to $2,98,31,200. Now, there is enough literature associated with how Gold and Bitcoin are correlated and how the correlation drops periodically. However, this...Read More
The bulls are here and Bitcoin’s price is once again raging. The market’s top cryptocurrency successfully marked a new all-time high at $23,777 a few days ago. In fact, despite corrections, BTC’s value was continuing to hold above $22k with a press time price of $22,863 and a market cap of $425.68 billion. So, what...Read More
When Bitcoin’s price crossed $23,000, the market volatility dropped. With Bitcoin’s price trading within its newly-discovered price range, it seemed to be closely bound to the $22,500-level. In fact, at the time of writing, Bitcoin was valued at well over $23,000. In such a scenario, $22,300 comes across as the support level, an observation supported...Read More
Only a week after the launch of Apple Pay as a new payment option for Bitcoin purchases on Lumi Wallet, in-wallet transactions have risen by over 200%, according to a report shared with AMBCrypto. The introduction of Apple Pay has reportedly led to a simplification of the crypto-purchase procedure, with the time involved in the...Read More
The digital asset trading venue has reportedly doubled-down on its endeavors for its planned stock market listing. The US multinational investment bank Goldman Sachs, which has a somewhat controversial history with the cryptocurrency industry, will lead the preparations. CryptoPotato reported recently that the exchange had confidentially submitted a draft registration statement with the US Securities...Read More
This was the week the entire cryptocurrency community has been waiting for. Bitcoin finally broke $20,000, setting a fresh new all-time high. But it was far from being done yet. After breaching the coveted $20,000 mark, BTC went on a rampage, taking down one target after another. Before the run was finally calmed down, the...Read More
In a recent interview, Mizuho Securities analyst, Dan Dolev said that nearly 20% of PayPal users have started trading Bitcoin using the payment giant’s latest services. The Japanese investment banking firm surveyed about 400 PayPal users and found that 50% of them reported increased engagement with PayPal’s new bitcoin services. According to this survey, bitcoin...Read More
2020 is drawing to a close and is leaving us with another important milestone. On 16th December, Bitcoin reached a new all-time high in the charts, registering a valuation above $20,000. At press time, it was as high at $23,200 but surprisingly certain attributes of Bitcoin failed to register many distinctive changes. While the price...Read More
Cryptocurrency exchange Bitfinex announced the launch of a new product offering on its P2P lending platform, Bitfinex Borrow, according to a press release shared with AMBCrypto. Bitfinex Borrow will now offer Bitcoin (BTC) and Ethereum (ETH) personal loans, which will enable users to obtain loans in BTC and ETH. Borrowers can use US Dollars (USD),...Read More
With bitcoin climbing to new all-time highs, the cryptocurrency has garnered the attention of centralized financial institutions. Goldman Sachs Group Inc. offered its views on the market and said that BTC’s rise shouldn’t threaten gold’s position as the inflation hedge of choice as both assets can coexist. Bitcoin And Gold Can Coexist Ever since bitcoin’s...Read More
Let’s have a look at what do Influencers feel! CPH on BTC Bull Run: Bitcoin is in the sweet spot and looks bullish for the future. Indian banks to offer Crypto Services across its 34 branches. Loan against Crypto was unheard! The Adoption is coming. Irrespective of the bank size, Cryptocurrency getting adopted is a...Read More
Mark Cuban, American television personality and entrepreneur, still remains unimpressed by the current Bitcoin rally. In a recent interview, the billionaire entrepreneur believed that a banana had more utility than the cryptocurrency. He said: BTC is what it is, something that enough people have agreed upon is an investable asset. A banana has more utility,...Read More
During this summer, reports surfaced stating that Coinbase had initiated plans for a stock market listing. Meaning, Coinbase could possibly be going public with its own IPO. However, for this to occur, the listing would need US Securities and Exchange Commission’s (SEC) approval. Reuters had reported that Coinbase could pursue the listing early next year,...Read More
NiceHash announced completion of its repayment program after almost three years. The firm repaid 4,640 Bitcoins to its users who were targeted in the 2017 hack. The firm had expected to complete reimbursement sooner; however, poor crypto markets made it difficult for the company to do so. The repayment now coincided with the current Bitcoin...Read More
Bitcoin has been in the news lately as prices breached the $23,000-mark, a major psychological level. Coinbase CEO Brian Armstrong shared a message today about “crypto market rallies.” While the CEO lauded the current rally and how news organizations covered the Bitcoin price surge, he believed that crypto was “a game-changing innovation.” Armstrong urged customers...Read More
With bitcoin marching to new all-time highs and dragging most alternative coins higher as well, the assets under management for the leading crypto manager Grayscale jumped to nearly $14 billion. This is a 7-fold increase for the company whose managing director categorized 2020 as the “coming of age story for the asset class.” Bitcoin Breaking...Read More
Some of Bitcoin’s narratives have become extremely popular over the past few months. Store of value, Digital Gold, etc. are some of them but recently, its characteristics as a hedge against inflation have taken new precedence. However, people fail to understand why Bitcoin has clarity in terms of inflation and the U.S dollar does not....Read More
Bitcoin’s price has broken past old barriers and registered a new all-time high on 17 December 2020 at $23,777. However, this peak was short-lived as the shorts began liquidating in the market. Within minutes, Bitcoin’s trading price fell to $22,674 and is trading around a similar price level at press time. The 5-minute BTC chart...Read More
The US multinational financial service corporation American Express has invested in the cryptocurrency trading venue FalconX through its venture arm. Thus, AmEx has doubled-down on its digital asset endeavors after piloting a blockchain-based rewards program. AmEx Invests In Crypto Exchange Aimed At Institutions The US-based cryptocurrency exchange announced the investment from American Express Ventures in...Read More
Bitcoin remains the most controversial and widely speculated cryptocurrency today. Although the popular cryptocurrency might not have been the first cryptocurrency to be created, as many suppose, its authority among its peers makes it stand out as a pace-setter and a possible global financial market entity. Do you “hodl” bitcoins or are you trying to...Read More
The large bitcoin institutional investments keep emerging frequently, and the latest one has come from the US-based hedge fund One River Asset Management. After establishing a new company oriented in digital asset investments, the fund has purchased $600 million in BTC and plans to add ETH and expand its holdings to $1 billion in the...Read More
Bitcoin breached its all-time-high earlier today, crossing $22,000 briefly, before dipping back down to levels around $21,800. It has now crossed $22,000 once more and was trading at $22,091 at the time of writing. Source: BTC/USD, TradingView The level of optimism around the world’s largest cryptocurrency was exceedingly high, as many in the crypto community...Read More
The attacker that drained over $8 million in NXM from the founder of Nexus Mutual had requested $2.8 million in ETH to stop disposing of the funds. As such, it seems that he has rejected the bounty offer from Hugh Karp of $300,000. What Happened With The Funds Of The Hack? CryptoPotato reported earlier this...Read More
With Bitcoin clocking $21,000 for the first time in history, one Wall Street investor is saying the top-ranked crypto by market capitalization should be worth a lot more. Bitcoin at $400,000, Says Guggenheim’s CIO In a phone interview with Bloomberg TV on Wednesday (Dec. 15), Scott Minerd, chief investment officer at Guggenheim, said Bitcoin should...Read More
It looks like there’s no stopping Bitcoin, at least not today, after the world’s largest cryptocurrency breached the $21,000-mark within hours of breaching the $20,000-mark. At the time of writing, BTC was trading at a price of $21,274, having gained by 9.18% in the last 12 hours. Source: BTC/USD on TradingView The aforementioned developments came...Read More
Some users of two major crypto exchanges – Binance and Coinbase – reportedly experienced technical issues and were unable to log in to their accounts on the exchanges. Confirming the same, CEO of Binance ‘CZ’ took to Twitter to acknowledge the issues that surfaced in the past few hours: Still some latency issues here and...Read More
