Just a few months after America’s oldest bank announced bitcoin custody services, the Wall Street giant Morgan Stanley will start offering its clients access to BTC funds. Nevertheless, the bank has outlined bitcoin’s risky nature and said that only people with “an aggressive risk tolerance” should take advantage of the service. By citing an internal...Read More
Graham Ivan Clark, the teenager who was the mastermind behind the hack of various Twitter accounts belonging to high-profile accounts back in 2020, has received a three-year jail term. Twitter Hack Mastermind Serving Time According to a report by the Tampa Bay Times, Clark pleaded guilty to the Twitter hack that happened last summer at...Read More
Since its March 14 peak of $61,000, Bitcoin has corrected by 12.3% to $53,500 during Asian trading on Tuesday, March 16, before recovering slightly to trade at current prices of $54,350 according to Tradingview.com. How Deep Will The Correction Go? The previous correction on Feb. 22 resulted in a pullback of 26% while the one...Read More
Michael Saylor’s business intelligence giant has kept its promise to allocate additional funds in the primary cryptocurrency. MicroStrategy announced on Friday that it had added another chunk of 262 bitcoins to its sizeable stack of over 91,000 tokens. The company’s founder and CEO, Michael Saylor, took it to Twitter on Friday to inform of the...Read More
On this day, exactly one year ago, Bitcoin saw one of its worst trading sessions in history. The cryptocurrency lost around 50% of its value and tapped a low at around $3,800. That’s also true for every altcoin, as well as for the traditional financial markets. Nevertheless, it’s safe to say that the cryptocurrency market...Read More
The world’s leading crypto exchange, Binance, is purportedly being investigated by the US Commodity Futures Trading Commission for allowing residents to trade derivatives without the necessary registration. Although Binance CEO CZ called the development “FUD,” the crypto market reacted with a sudden price drop. Citing people familiar with the matter, Bloomberg reported the CFTC had...Read More
The New York State Department of Financial Services (NYDFS) has announced that Bakkt Marketplace has become the 29th cryptocurrency company to receive BitLicense since 2015. This approval comes amid the firm’s endeavors to be publicly listed and to launch the long-anticipated Bakkt App. The NYDFS started granting such licenses to digital asset businesses in 2015,...Read More
Nexo, a financial service provider for digital assets, has announced a $150k donation to Brink, a non-profit dedicated to encouraging, nurturing, and supporting the open-source Bitcoin development community. This follows the contribution of Jack Dorsey, who recently granted 1 BTC to the organization as well. Nexo Donates $150K to Brink As Bitcoin continues to experience...Read More
Peter Schiff tweeted today that his son, Spencer Schiff, went all-in on Bitcoin during the last drop below $50,000. According to his father, a full 100% of his portfolio is now invested in Bitcoin. The elder Schiff has been a long-time Bitcoin detractor. However, his child’s interest in cryptocurrencies may expose him to some new...Read More
The initiative of international companies pouring funds into bitcoin has another representative in the face of the Israeli asset manager Altshuler Shaham. The company has allocated $100 million in the primary cryptocurrency through the Grayscale Bitcoin Trust in the second half of 2020. Israeli Asset Manager Puts $100M in BTC Founded in 1990, Altshuler Shaham...Read More
On-chain analytics provider, Glassnode, has revealed that there is solid support at the $47,000 level for Bitcoin. It came to this conclusion in its latest ‘Week on Chain’ report using analysis from chart guru Willy Woo and data scientist Rafael Schultze-Kraft (@n3ocortex). It added that Woo noted a significant volume of BTC was transacted on-chain...Read More
The leading payment processor, PayPal, announced today that it has agreed to purchase the digital asset custody company, Curv. It said that it will complete the acquisition in the first quarter of the year. Rumors Confirmed True As PayPal Acquire Curv Reports surfaced last week that PayPal was planning to acquire cryptocurrency security firm, Curv....Read More
The institutional bitcoin frenzy continues to spread like an epidemic. After several United States mega corporations added the digital currency to their balance sheet, the floodgates have been opened to major institutions across the world. Norwegian holding company Aker ASA said today that it will establish a new unit dedicated to bitcoin investment and the...Read More
India’s Finance Minister told CNBC that the country’s reserve bank is not shutting out cryptocurrencies entirely. She said that while the Reserve Bank of India will decide which unofficial cryptocurrencies will be used and regulated, there will be “a window for experiments” in the industry. New Lease Of Life For Bitcoin In India India’s minister...Read More
Chinese tech company Meitu has announced a massive purchase of 380 BTC and 15,000 ETH, representing an entry of about 40M USD, as of writing these lines, into the cryptocurrency market. This came just one month after tech mogul Elon Musk, the founder of Tesla, announced that the company would be purchasing 1.5B USD worth...Read More
A change in the administration of the world’s most dominant economy potentially spells a new era for nascent technologies like blockchain and cryptocurrency. Incoming regulations and policies can either accelerate growth or impede progress. Fully aware of this, America’s leading blockchain group is taking the bull by the horn. It is taking the plunge to...Read More
Bitcoin reached a historic high of $57,371 in the month of February, the ascent is likely to remain as predicted by popular cryptocurrency analysts. Kaleo suggests bitcoin will hit the figure mark by April and tells his followers to “ Buy more now”. His predictions are on the bitcoin movements that happened back in 2017...Read More
With bitcoin currently enjoying a near 70% YTD increase, bullish predictions see the asset topping into a six or even seven-digit territory in the following decade. These projections came recently from Kraken’s CEO, Jesse Powell, and the Managing Director of Magnetic, William Quigley. Bitcoin to $150K in the Next Year Founded in 2010, Magnetic is...Read More
Analyzing Bitcoin HODL Waves from previous bull runs as led crypto YouTuber and analyst Lark Davis to the conclusion that this cycle is still in its infancy. He added that we are just now past the first major price wave, “get ready for wave 2”. This #bitcoin bull run has barely even started yet! We...Read More
Popular venture capitalist and Bitcoin bull Timothy “Tim” Draper predicted that major online streaming platform Netflix could be the next company to join the bitcoin buying bandwagon. Next Bitcoin Investor Could Be Netflix Speaking in a recent episode of the Unstoppable Podcast, Tim Draper stated that Netflix could be the next in line to add...Read More
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The digital currency is actively recovering after a deep correction. For bulls, it was important to make the price rebound from the support area at $42,500. A lot of investors are scared by such high volatility of the cryptoasset, even hedge funds are pretty sure that the number of...Read More
Is Bitcoin becoming a Man-Made Centralized Asset? Bitcoin price has always attained the spotlight in the entire crypto space as it impacts the other assets too. Showcasing a sense of stability, BTC price in recent times is trending with less volatility eliminating steep dumps, yet rallies like a giant. The increased number of whales in...Read More
The growing in popularity “I changed my mind on bitcoin” club has another prominent representative. The Canadian businessman and star of Shark Tank, Kevin O’Leary, went from calling BTC garbage to allocating 3% of his portfolio in the asset. O’Leary Has Bought Bitcoin Born in Montreal, Canada, O’Leary is a popular businessman, author and is...Read More
Yet another attempt for a US-approved Bitcoin ETF is on the horizon coming from the Chicago Board Options Exchange (Cboe). The organization’s filing with the SEC aims to build on a previous S-1 filing initiated by VanEck. CryptoPotato reported in late 2020 that the US investment giant with about $50 billion in AUM, VanEck, has...Read More
This past weekend, the US House of Representatives passed President Biden’s $1.9 trillion stimulus bill, sending the piece of legislation to the Senate for a vote. Some of the notable parts of the bill include increased funding for vaccine distribution and schools, direct funding to state and local governments, and $1,400 checks to Americans making...Read More
In a 100-page deep-dive report dubbed “Bitcoin, at the Tipping Point,” Citibank’s global perspectives and solutions team noted that the cryptocurrency could potentially “become the currency of choice for international trade.” The analysts acknowledged that the massive interest shown by several large institutional investors like Tesla, Microstrategy, and PayPal is one of the major propellants...Read More
Reports on Reuters today revealed that American multinational investment bank, Goldman Sachs, will offer bitcoin futures and non-deliverable forwards on behalf of its clients starting next week. According to sources familiar with the matter, the move is part of the bank’s effort to take advantage of the fast-growing crypto space, which is gradually becoming an...Read More
The giant social media platform Twitter has announced plans to raise $1.25 billion through a convertible senior notes offering. Although the company breached “corporate purposes” as the main reason, cryptocurrency proponents speculated if the firm could pull a MicroStrategy and allocate the funds in BTC. Twitter to Raise $1.25B According to a press release from...Read More
What started out as a normal trading day for some PDAX customers led to a favorable turn of fortune, or so it seemed. Their euphoria may have been short-lived by a harsh reality check as the Philippine-based exchange prepares to take legal actions. Philippine Digital Asset Exchange (PDAX) suffered a flaw that led to bitcoin...Read More
The Nigerian cryptocurrency community was shaken to its core when the country’s apex bank released a circular warning financial institutions to desist from enabling cryptocurrency transactions. The Central Bank made arguments to justify the decision, with several notable figures weighing in on the subject. Nigeria’s Vice President, Prof. Yemi Osinbajo is the latest to share...Read More
