Bitcoin

Cryptocurrency-focused hedge funds have increased their assets under management by nearly 100% in 2020 compared to the previous year, estimated a recent report compiled by PwC. On average, the funds returned more than 120% in 2020, while the percentage was just 30% in 2019. Growing Involvement of Crypto Hedge Funds In their third annual Global...Read More

Bitcoin price, in recent times have slowed down its rally due to some external factors or shift of focus on other cryptos. Therefore, the price chose to trend sideways with dropping its dominance paving way for the other assets to swell.  Advertisement However, since the market crash that dragged the BTC price close to $30,000,...Read More

U.S. chain of convenience stores Sheetz, has become the latest company to adopt cryptocurrency, as the firm is planning to include bitcoin and other crypto-assets among its payment options. Sheetz Adopts Bitcoin According to a press release on Thursday (May 27, 2021), Sheetz will become the first convenience store retailer to accept bitcoin as a...Read More

Brett Heath – precious metal company Metalla Royalty & Streaming CEO – opined that crypto ”will lead the charge in the next financial crisis.” Furthermore, he compared the industry to the tech crash of the early 2000s alongside the mortgage collapse in 2008. Crypto Will Cause The Next Crash The head of Metalla Royalty &...Read More

Poloniex – a multinational crypto exchange – caught the eye of Canadian securities regulators. The watchdog launched actions against it under the accusations of not complying with Ontario rules. Against The Law In a recent statement, the Ontario Securities Commission (OSC) accused the cryptocurrency exchange platform Polo Digital Assets – better known as Poloniex –...Read More

The UK’s Advertising Standards Authority (ASA) banned the trendy ”time to buy Bitcoin” Luno ads. The country’s officials called them ”irresponsible” and sounded an alarm of caution for inexperienced investors. No More BTC Ads The UK’s Advertising Standards Authority introduced severe restrictions for the crypto space in the past year. The British daily newspaper –...Read More

HSBC reaffirmed that it has no intentions to launch a cryptocurrency trading desk or offer Bitcoin as an investment option to its clients. According to the institution, the digital asset is too volatile and lacks transparency. ‘We Are Not into Bitcoin’ The current crypto market situation continues to be highly unstable, mainly fueled by China’s...Read More

Analytics provider Glassnode has been breaking down last week’s market slump in its Monday “Week on Chain” report, revealing that the market traded down by over 47% from the weekly high of $59,463, to lows of $31,327. This generated a massive red $28K weekly candle, the largest ever. “The magnitude of realised losses on-chain this...Read More

As cryptocurrencies continue to experience massive volatility, Barry Silbert, founder, and CEO of Digital Currency Group (DCG), the parent company of Grayscale and other crypto firms, believes that the next move of the asset class will be determined by what happens in the stock market in the coming weeks. “Where the crypto market goes from...Read More

The recent regulatory crackdowns from the world’s most populated nation have impacted not only crypto prices but businesses inside the industry as well. Huobi has temporarily suspended a portion of its services to new users in China and in other nations. CryptoPotato reported last week China’s latest endeavor against the cryptocurrency industry. In it, the...Read More

Ripple’s CEO, Brad Garlinghouse, finds “beyond flattering” the accusations that the company he runs has influenced Telsa’s Elon Musk to highlight bitcoin’s energy consumption levels. Beyond Flattering: Garlinghouse One of the most discussed topics within and outside the cryptocurrency community in the past several weeks has been bitcoin’s energy consumption. On one side, environmentalists led...Read More

A bullish case isn’t on many people’s minds – but signs are cropping up that Bitcoin may indeed be headed for a trend reversal. Here are some signs explaining why BTC might be overdue for a renewed uptick. Bitcoin reached its all-time high of almost $65K on April 14, 2021, a little over a month...Read More

In yet another comment on the overall cryptocurrency industry, Elon Musk reaffirmed that he supports it over the existing fiat system. Elon Musk, one of the richest men on the planet and the CEO of Tesla and SpaceX, once again caused a Tweetstorm after saying that he supports crypto over fiat. The true battle is...Read More

Today is the international Bitcoin Pizza Day! This is a day that many in the crypto community celebrate the 11th anniversary of the first Bitcoin commercial transaction for two pizzas, which cost 10,000 BTC. On May 22, 2010, Laszlo Hanyecz traded 10,000 BTC for two Papa John’s pizzas in Florida. Years later, they would become...Read More

In a recent twitter spat many popular crypto figures came under one roof which led to a series of talks. It all started when Tesla CEO, Elon musk, announced withdrawal of BTC payment mode for Tesla car purchase. He raised concerns over BTC mining being not environmentally friendly. However, many criticized him as bitcoin price...Read More