Fidelity Digital Asset Services (FDAS) has partnered with Stack Funds to enable Asian investors to purchase and store cryptocurrency assets more freely and securely. Based in Singapore, Stack Funds is a regulated fund manager focusing on Bitcoin and other digital assets. According to the Bloomberg report, Stack Funds will make Fidelity’s secure custody services available...Read More
The Bitcoin market after moving to its yearly-high of $13,864 had fallen under $13k on 28 October and has since bounced back. As Bitcoin traded at $13.2k, at press time, the outcome from the approaching BTC options expiry remains undecided. Source: BTC/USD on TradingView According to data provider Skew, over 62k Bitcoin options are set...Read More
Cryptocurrencies, in general, will not help for the inclusion of unbanked individuals into payment systems and banks, claims Mastercard CEO Ajay Banga. However, the company is far from ignoring digital currencies altogether. Trying To Get 1 Billion Into The Banking System As per a recent news report, Mastercard CEO Ajay Banga, who’s on a mission to...Read More
Bitcoin skeptic Peter Schiff has done it again: The notorious gold bug, famous for being the owner of the only Bitcoin wallet capable of forgetting passwords, claimed that this time —unlike his other failed predictions— Bitcoin is genuinely about to die . Shortly before the price correction on Oct. 20, 2020, the investor went on...Read More
Now the United States can boast a new crypto bank: Welcome Avanti. Avanti Financial Group, a firm founded by the former managing director at Morgan Stanley, Caitlin Long, announced that it had been granted a license to offer banking services by the Wyoming State Banking Board. Avanti is The Second Crypto-bank Operating in the United...Read More
Founder and CEO of business intelligence firm MicroStrategy, Michael Saylor said in a tweet today that he personally holds 17,732 BTC which he bought at $9,882 each on average. In addition to declaring his personal BTC haul, Saylor said that he had informed MicroStrategy about his personal BTC investment before the company decided to buy...Read More
Major crypto exchange Coinbase announced today that its customers in the US can now join a waitlist to acquire a Coinbase Card – which is a Visa debit card – that allows its customers to spend crypto for payments and purchases online and in-store -anywhere that Visa is accepted. The Coinbase Card which is already...Read More
Grayscale’s recent Bitcoin Investor study has been painting a good picture for Bitcoin in terms of adoption. More than half [55%] of the United States investors were interested in Bitcoin investment products in 2020, compared to 36% observed in 2019. Major reasons for this boost have been the pandemic pushing people to sought to new...Read More
The largest US-based cryptocurrency exchange Coinbase announced today the launch of a Visa debit card, allowing customers to spend digital assets for everyday purchases. According to the official statement, the Coinbase Card will provide clients the opportunity to earn up to 4% back in cryptocurrency rewards. It will be available in nearly 30 countries, including...Read More
Former hedge fund manager and CEO of Real Vision, Raoul Pal, believes that the real impact of the COVID-19 pandemic is about to reach the financial markets. By outlining several upcoming cornerstones among traditional financial assets, he highlighted Bitcoin as the “life raft” in this situation. Raoul Pal: Everything Has Changed In a recent Twitter...Read More
Bitcoin’s identity is myriad; it is a store of value, uncorrelated asset, safe haven, etc. For each of these terms, there is a story and reason behind it. For now, let’s focus on it being an uncorrelated asset and a store of value. In the previous article, we’ve explained why bitcoin is largely a retail-driven...Read More
Michael Saylor, the founder and CEO of the Nasdaq-listed company MicroStrategy, has revealed that he personally HODLs nearly 18,000 bitcoins. Additionally, he announced that his company has instituted a new Bitcoin-oriented treasury reserve policy and plans to make further BTC purchases. Michael Saylor Owns 17,732 Bitcoins The CEO of MicroStrategy has a somewhat compelling history...Read More
From Microstrategy’s $500 Million investment in Bitcoin to PayPal’s integration of crypto, in the past three months, we have seen it all. November 2020 is unlike any month since 2018. Bitcoin is trading above $13k and the top 10 altcoins have gained 10-12% in the past week. Additionally, BTC, ETH, and USDT reserves are the...Read More
Bitcoin’s public and pseudo-anonymous nature has reduced its preference for laundering cash. However, folks still ‘try their best’ to route money using BTC. And often fail. In one such case, justice authorities awarded a prison sentence to a couple from Hilversum, the Netherlands, for moving million euros through bitcoin. Bitcoin Laundering Hustle Busted; 2532 BTC...Read More
Just a few hours back, bitcoin (BTC) price surged back higher to $13,500 and established a new high for this year. But along with BTC’s near exponential rise in valuation, retail buyers of the cryptocurrency have also soared and are now at an all-time high. Is this a direct result of a rally-induced FOMO? Bitcoin...Read More
Huobi global expanded support for Visa and Mastercard credit and debit cards which will allow its users to make transactions on the platform itself without being redirected to a third-party portal, according to a release shared with AMBCrypto today. The new payment service is being provided by Huobi Technology, a regulated DLT firm by the...Read More
It seems the hacked funds from cryptocurrency exchange KuCoin will continue to grab attention, as the culprits involved have been trying to move the stolen crypto again. The crypto and blockchain tracking service Whale Alert published a tweet today indicating that 807 BTC (worth about $10,840,727 at the time of the transfer) of stolen funds...Read More
At the beginning of October, Bitcoin’s price was particularly indecisive and trading slightly above $10,000, causing many to believe that the unfilled CME gap down at $9,600 would soon be closed. Fast forward to the current date, October 27th, BTC is trading at $13,400, having just marked a fresh high for 2020. The cryptocurrency added...Read More
With the latest updates, of Digital Yuan’s testing and launch, and the US Presidential elections coming closer, retail traders’ attention is now on Bitcoin. In the previous price rallies, the trend was that Bitcoin led the altcoins, and ETH, XRP, and other altcoins from the top 10, based on market capitalization, followed closely. However, this...Read More
Digital currency Asset Manager Grayscale Investments’ latest ‘Bitcoin Investor Study’ found in its survey that more than half (55%) of its US-based respondents are interested in investing in bitcoin in 2020 and that nearly half of those surveyed predicted that digital currencies were heading for mainstream adoption by the end of this decade. In fact,...Read More
The number of US-based investors interested in Bitcoin continues to increase according to Grayscale’s Investment 2020 report on the cryptocurrency. The leading digital asset manager also noted that the COVID-19 pandemic has exemplified Bitcoin’s merits and made it even more captivating to investors. US Investors’ Growing Interest In Bitcoin Titled “Bitcoin Investor Study,” Grayscale’s 2020...Read More
In the prequel to this article we tried building a simple Bitcoin buying strategy, and in this post, we attempt to scale it further. But before that, let’s recap. Our strategy entailed only buying Bitcoin based on one trigger, the 200-day moving average (DMA). If the daily trading price crossed over the 200 DMA, we’d...Read More
Retail network of BTC ATMs, LibertyX will now allow consumers to sell bitcoin for cash from thousands of their local ATMs in the U.S., it announced. In the past six years, LibertyX said it has allowed users to buy bitcoin at 5,000 ATMs and 20,000 chain store locations in the U.S. LibertyX CEO and co-founder...Read More
Central Bank Digital Currencies may take months to materialize in the US, the European Union, or Japan, however, the People’s Bank of China is eager to gain a first-mover advantage here. On Friday, as a part of the fast track digitization of the Yuan, the PBOC published draft legislation to turn the digital Yuan into...Read More
Singapore’s largest bank, DBS Bank, has reportedly soft-launched an exchange offering fiat-to-cryptocurrencies trading pairs called DBS Digital Exchange. According to the website and a few reports, it will enable customers to buy and sell four of the “top digital currencies in circulation” – Bitcoin, Bitcoin Cash, Ethereum (ETH), and Ripple (XRP). They will be traded...Read More
Yesterday, the Bitcoin network witnessed approximately 22 exahashes per second (EH/s) exit the ecosystem, as noted by Hashr8’s Thomas Heller on Twitter. The self-professed “mining maximalist” also shared his estimation that we’ll see the BTC mining difficulty decline somewhere between 7.4% to 8.8% by the end of the week — a drop that, if true,...Read More
As Bitcoin adoption grows more and more, concerns about the need for scalability solutions increase. Lightning Network is the most important layer-two development currently available on the Bitcoin blockchain, and it seems that North Americans are the favorite demographic for this efficiency-focused micropayment solution. The Lightning Network is a layer-two solution currently under development. It...Read More
Economist Nouriel Roubini has criticized online payments giant PayPal Holdings Inc for allowing its customers to buy, sell and hold BTC and other altcoins, from next year onwards. In a tweet published on Monday Roubini shared an article titled how PayPal has brought “crypto gambling,” to customers in the U.S. – which is “bad” for...Read More
An anonymous user just made what seems to be the largest fiat value transaction using Bitcoin. In a single transaction, the user sent a total of 88,857.2449 BTC, which, at the current rates, is worth around $1.15 billion. Being well-known for its low fees, the entire thing cost the user less than $4. Large Bitcoin...Read More
With Bitcoin rallying and staying above the $13000-mark for a few days now, on its way towards a new ATH, the trade volume on spot exchanges has dropped dramatically. While the said volume was high when the price breached $13000 for the first time, since then, the figures for the same have dropped consistently. BTC...Read More
