Kevin Wadsworth – co-founder of the technical analysis company Northstar & Badcharts – opined that the current cryptocurrency bull market would “conclude before the end of the year” and bitcoin would reach a price of around $100K. The top executive also stated that the primary digital asset’s USD value might exceed $1 million in 2025....Read More
The Brazilian Federal police exposed a local financial pyramid scheme and confiscated nearly $30 million in cryptocurrencies. The operation marked the largest seizure of digital assets in the history of Brazil. The New Record According to a report by CNN Brazil, the local authorities organized a special mission, called “Operation Kryptos,” to halt a fraudulent...Read More
Microstrategy just bagged $177M more BTC between July 1st and August 23rd. That brings Michael Saylor’s company’s total hodlings to $5.3 billion USD worth of bitcoin. Other big corporate buyers include Tesla, Square, and Galaxy Digital Holdings. The business intelligence company can’t get enough bitcoin. And it’s not the only extremely relevant and proactive company...Read More
El Salvador will, in ten days, adopt Bitcoin as an official currency. It’s making massive investments in projects to develop end-user products to hold and spend bitcoin. The opportunities of this venture are enormous, though some warn there are risks. El Salvadorians Will Soon Find Imports Attractive Because Bitcoin is a deflationary cryptocurrency, and the...Read More
It was a compelling week in the cryptocurrency markets. It took bitcoin more than three months, but it finally did it this week – reaching the $50,000 price line for the first time since May. However, it also took less than 24 hours for the bears to get back in action and push it beneath...Read More
The mysterious BTC whale, who was recently frequently sending lots of coins to Coinbase, has changed the strategy on the largest cryptocurrency. On-chain data shows that they have accumulated more than 500 bitcoins on Thursday and Friday. Bitcoin Whale Back to Buying CryptoPotato has previously reported some of this particular whale’s behavior – whose Bitcoin...Read More
Despite the bearish rhetoric prevalent among crypto analysts until recently, Morgan Stanley, one of the largest banks in the United States, has been gaining exposure to Bitcoin by investing millions of dollars through its various funds. Even though the information was publicly available, Twitter User MacroScope was one of the firsts to share it on...Read More
Financial Services Commission (FSC) Chairman nominee Koh Seung-beom opined that digital assets would not work successfully as financial instruments. He went further, stating they “could not function as a real currency.” Are Digital Assets Real Money? Koh Seung-beom – nominated by the Korean President to be the next Chairman of the FSC – expressed his...Read More
The US Securities and Exchange Commission could finally greenlight a Bitcoin futures ETF in the next two months, predicted analysts from Bloomberg. The strategists outlined the recent withdrawals for Ethereum futures ETF applications as the primary reason behind their optimism. Bitcoin Futures ETF in the US Coming Shortly? The topic of whether or not the...Read More
While the U.S. is stagnant regarding the approval of an ETF, Europe is already moving ahead with the first Bitcoin futures launched by ETC Group, a leading provider of digital asset-backed securities. Europe’s First Bitcoin Futures According to an announcement, Eurex – Europe’s largest derivatives exchange – will list the first Bitcoin ETN (exchange-traded note)...Read More
US multinational investment banking giant Citigroup is reportedly considering trading bitcoin futures, stating that it has witnessed an increased interest in BTC from its institutional clients. CME Looking to Trade CME Bitcoin Futures According to a report by CoinDesk on Tuesday (August 24th, 2021), an anonymous source within the bank revealed that Citi is working...Read More
Palantir says it’s preparing for a black swan event with its massive gold purchase this month. Bloomberg reports the company also accepts bitcoin and gold as payment, but no one has paid in either. The Peter Thiel cloud computing company is also interested in accumulating bitcoin, Per a recently report: “The company spent $50.7 million...Read More
The US-based NASDAQ-listed business intelligence company MicroStrategy continues with its bitcoin acquisition spree, as the company recently purchased over 3,900 BTC. Consequently, the firm now holds nearly 109,000 bitcoins in total. Tweeting on Tuesday (August 24th, 2021), MicroStrategy CEO Michael Saylor revealed that the firm has added 3,907 bitcoin to its stash, bought at an...Read More
The valuation of the company has risen above $3 billion after completing the Series B round in which some of the participants included iFinex and Baillie Gifford. Blockstream aims to use the funds towards manufacturing mining chips. As reported by Canadian media on August 24th, Blockstream has further solidified its positioning as a cryptocurrency unicorn...Read More
San Francisco-based online publishing platform Substack has enabled support for bitcoin payments for subscriptions to publications through the use of the Lightning Network. Substack has collaborated with OpenNode, a bitcoin payment processor, for the BTC payment option. OpenNode made the announcement via a press release on Monday (August 23rd, 2021). With the latest development, readers...Read More
The San Jose-based online payments giant PayPal is launching its cryptocurrency services in the United Kingdom less than a year after the company first introduced the feature in the United States. Eligible customers in the UK will be able to buy, sell, and hold bitcoin and other cryptocurrencies through the PayPal platform beginning this week....Read More
The owner of Bitcoin mixer Helix and resident of Ohio, Larry Dean Harmon, pleaded guilty to a one-count conspiracy to launder monetary instruments. Previously, US prosecutors alleged that the Bitcoin mixer laundered over $300 million. Bitcoin Mixer Operator Pleads Guilty Harmon pleaded guilty in the United States District Court for the District of Colombia on...Read More
According to a recent survey, millennial investors have allocated 12% of their wealth in the digital asset market while xennials and generation X have respectively distributed 9.2% and 6.3%. However, those born between the late 1970s and the early 1980s have profited the most from those investments. Crypto Trends among The Generations The cryptocurrency exchange...Read More
The European soccer team Philips Sport Vereningin – better known as PSV Eindhoven – has signed a partnership with a local cryptocurrency exchange. Part of the terms dictates that the club will receive the entire sponsorship in bitcoin. PSV Gets BTC The European club announced the partnership with Anycoin Direct earlier this week, highlighting that...Read More
The Mayor of Cool Valley, a city in Missouri, is planning to distribute bitcoin worth up to $1,000 to the inhabitants. However, there is a condition attached to such a plan. Five-Year HODL Condition According to a report by local news outlet KSDK on Thursday (August 19, 2021), Jayson Stewart has revealed intentions to give...Read More
This week was entirely positive in the cryptocurrency market as almost everything is trading well in the green. It wasn’t without its hurdles, so let’s jump straight to it. Bitcoin managed to push towards $48K last Friday, but the week was filled with choppy price action and a somewhat expected downturn. By Thursday, BTC’s price...Read More
Australian detectives from the Criminal Proceeds Squad have seized a record-breaking haul of bitcoin worth nearly A$8.5 million (more than $6 million) in Victoria. Local media reported Friday that the seizure was the largest amount of cryptocurrency ever confiscated by police in Australia and was part of an investigation into online drug trafficking on the...Read More
BlackRock, a $9 trillion multinational investment behemoth, has purchased considerable stakes in two BTC mining firms – Marathon Digital Holdings (MARA) and Riot Blockchain (RIOT). The institution, which has previously shown an appetite for the crypto industry, has put approximately $383M in both. Citing a mandatory filing with the Securities and Exchange Commission, Forbes reported...Read More
A few months after dabbling with the idea of getting on the cryptocurrency bandwagon, Wells Fargo has filed documents with the US Securities and Exchange Commission to launch a designated Bitcoin fund. According to the filing with the Commission, the US financial institution has partnered with FS Investments and New York Digital Investment Group (NYDIG)...Read More
On-chain analytics provider, Glassnode, has reported that Bitcoin exchange flows have returned to the dominance of outflows through August as investors withdraw the digital asset. It added that the market has transitioned through a number of phases of exchange flow dominance over the last year. The previous outflow dominance was last seen in late 2020,...Read More
The number of cryptocurrency-related companies aiming to go public continues to increase, with the latest example being Iris Energy Pty. The firm, focused on green Bitcoin mining, has filed with US regulators for a direct listing on Nasdaq this year. Based in Sydney, Australia, Iris Energy is a Bitcoin mining firm that “owns and operates...Read More
According to ‘PlanB’, the brainchild behind the highly debated Bitcoin stock-to-flow model, the bull market is not over yet. In a tweet on August 18, the analyst posed an update of the model showing that target white line and on-chain pricing signals indicate that we are still in the middle of this cycle. The target...Read More
After filing with the SEC to receive approval for a Bitcoin ETF in April this year, Galaxy Digital has reportedly tried again – this time, under a different section. Novogratz’s company wants to launch a Bitcoin futures-only exchange-traded fund. Bloomberg’s senior analyst, Eric Balchunas, took it to Twitter to highlight Galaxy Digital’s latest attempt to...Read More
El Salvador’s decision to adopt BTC as a legal tender has rattled the cages in Central and South America. Argentina’s president was the latest to showcase support to some extent in a recent interview. Speaking to the local media outlet Caja Negra, Alberto Fernandez touched on the topic of digitalization and where the country stands...Read More
A $400 billion investment management firm, Neuberger Berman, recently announced adding exposure to Bitcoin and Ether derivatives and investment vehicles as part of the firm’s fund strategy. Another Hedge Fund to Join Crypto The SEC filing outlines that the asset manager will receive exposure to cryptocurrency via a subsidiary firm —with a minimum investment of...Read More
