The largest US-based cryptocurrency exchange Coinbase has issued a formal apology for users in the UK and the EU region. The company acknowledged that its services have been unstable because of the high number of new registrations and the latest regulatory requirements. More Users Led To Problems On Coinbase Coinbase users located in the UK...Read More
Investing in cryptocurrencies carries risks of its own. Apart from the highly volatile price, investors who store their funds on external wallets (and not exchanges) need to save and protect the information that will enable them to access the assets. In case someone loses their private keys (essentially a password for the wallet), this could...Read More
Bitcoin prices are currently trading just over 20% down from their all-time high last week of $42,000. Things looked like recovering on Tuesday, January 12, but the ‘lower high’ posted indicates the prices have further to fall and the correction is not over yet. At the time of writing, Bitcoin was trading at $33,000, down...Read More
Less than a year after acquiring a substantial portion in the Hong Kong-based crypto-focused firm BC Technology Group, Fidelity International has upped its stake. The investment subsidiary of the Boston-based mutual fund giant has allocated nearly $7 million more for a total stake of 6.29%. Fidelity Doubles-Down On Investing In A Crypto Firm Bloomberg reported...Read More
Mark Cuban is arguably one of the most popular billionaire investors in the world. Like many celebrities, he recently took the chance to comment on the current state of cryptocurrencies, comparing Bitcoin and Ethereum to the internet stock bubble. Mark Cuban: Crypto is Exactly Like the Dot-Com Bubble The recent volatility in bitcoin’s price took...Read More
The reasoning behind such a claim is that an approved ETF could potentially compete with and cause an outflow from the world’s largest traded cryptocurrency fund, Grayscale’s Bitcoin Trust. It was suggested that the ETF would erode the Grayscale Trust’s effective monopoly, sparking outflows and a slide in its premium to net asset value. This...Read More
The Bitcoin futures platform launched in 2018 by Intercontinental Exchange (ICE) has entered into a “definitive agreement” for business cooperation that will lead to becoming a publicly-traded company with an enterprise value of over $2 billion. The company has also appointed a new CEO. Reports emerged last week suggesting that Bakkt was negotiating a strategic...Read More
Scott Minerd, the CIO of the Wall Street behemoth Guggenheim Partners that recently decided to allocate funds in BTC, said that bitcoin’s recent price increase was unsustainable in the short term. Furthermore, he advised that it was time to take some money off the table, but speculations arose if this is part of Minerd’s master...Read More
In a recent Twitter reply, the CEO of Tesla and SpaceX admitted that he wouldn’t turn out getting paid in Bitcoin. His statement came as a reply to Ben Mezrich, the author of Bitcoin Billionaires. Ben Mezrich and Elon Musk on Bitcoin A couple of days ago, Ben Mezrich, the author of Bitcoin Billionaires: A True Story...Read More
It has taken roughly seven years, but one of Cameron Winklevoss’ bitcoin price predictions has materialized. Back in 2013, the Gemini co-founder and long-term BTC supporter said that the cryptocurrency will reach a price tag of $40,000 faster than anyone imagines. 2013 Winklevoss Prediction Comes True Back in December 2013, Cameron Winklevoss, previously known for...Read More
A recent report informed of a new type of malicious operation that has been active for over a year and has targeted thousands of cryptocurrency users. Dubbed ElectroRAT, it’s written from scratch to work on various operating systems and promoted via dedicated forums and marketing campaigns. A New Threat For Crypto Users The cybersecurity company...Read More
There is no denying that institutions and the big players have been the catalyst for this current crypto market cycle and that notion has been reaffirmed by Morgan Stanley’s latest acquisition. According to reports, Morgan Stanley’s investment management arm boosted a stake in Bitcoin vehicle MicroStrategy Inc. to more than 10% late last year. The...Read More
Over the past seven days, Bitcoin gained more than $11,000 to break above the coveted mark of $40,000. Meanwhile, the entire cryptocurrency market cap surged above $1 trillion for the first time in history. The week started off with bitcoin’s price trading around $29,000, but no one was expecting what happened next. Day after day,...Read More
After an unplanned four-year holding of nearly 2,000 bitcoins, Finland’s Customs has decided to sell them now. Local authorities seized most of them after Darknet drug-trafficking investigations in 2016, but their value has expanded by about 100x since then. The Right Moment to Sell Finland’s Customs is planning to sell 1,981 bitcoins, most of which...Read More
Bakkt, the Bitcoin futures platform owned and operated by Intercontinental Exchange (ICE), is reportedly planning to go public after a merger with the Chicago-based blank-check company VPC Impact Acquisition Holdings. Bakkt To Go Public? By citing “people with knowledge of the matter,” Bloomberg reported the news earlier, saying that the Bitcoin futures platform is already...Read More
Bitcoin is currently trading at around $38,200 as it pulls back slightly after blasting past $40,000 during late trading on Thursday, January 7. At current prices, the asset is up 33% since the same time last week and it still doesn’t look like it is ready to correct yet. Looking at centralized exchange movements could...Read More
Following the latest price developments for bitcoin, the cryptocurrency’s market cap has entered the top ten assets by market capitalization. More recently, BTC has closed the gap with Elon Musk’s electric vehicle and clean energy company, Tesla. Bitcoin Nears Tesla’s Market Cap The cryptocurrency has been on a remarkable run since October 2020. It ended...Read More
In what is most likely a lighthearted take, billionaire investor Mark Cuban has said he would run for the US Presidency if the bitcoin price reaches $1 million per “coin.” Given the supply cap of 21 million units, BTC reaching $1 million would put the top-ranked crypto by market capitalization far eclipse gold’s $10 trillion...Read More
Another record high was registered by Bitcoin a few hours ago as it hit $37,780 for the first time according to Tradingview.com. The move has added a further 6.5% to the price over the past 24 hours and a whopping 30% over the past seven days. It is now trading way above daily moving averages...Read More
Bitcoin’s price has gone on an impressive run in the last few weeks, accelerating at a parabolic rate. Despite the most recent correction, the asset is still trading somewhat solidly above the $30,000 mark, charting an impressive increase of 310% since the same time last year. Yet, Warren Buffett’s longtime partner, Charlie Munger, is still...Read More
The WikiLeaks Bitcoin donation wallet has received BTC from multiple people even as a London court has denied Julian Assange’s extradition to the U.S. based on health concerns. WikiLeaks has a history of attracting BTC donations, with Assange’s plight resonating with early adopters who share libertarian ideals. WikiLeaks Bitcoin Donation Wallet Holds over $600K in...Read More
Strategists at the leading U.S. bank have been crunching the numbers and comparing Bitcoin to traditional store of value assets such as gold. Led by Nikolaos Panigirtzoglou, the analysts suggested that Bitcoin’s current market capitalization of around $580 billion would have to rise by 4.6 times to create a theoretical price of $146,000. This would...Read More
Three Arrows Capital, a fund management company registered and supervised by the Monetary Authority of Singapore, disclosed a massive BTC position through the Grayscale Bitcoin Trust. The firm owns over 6% of all GBTC shares, meaning a total amount of almost 37,000 bitcoins. According to a document that Three Arrows Capital filed with the US...Read More
Indian authorities have arrested a 60-year-old greetings maker for duping about 45 people in investing over $350,000 in a fraudulent cryptocurrency scheme. The accused ran the operation through a designated application and promised double-digit monthly returns. Indian Crypto Fraudster Arrested As reported by the Times of India, the local police apprehended Umesh Verma at the...Read More
The leading digital asset manager, Grayscale, has taken full advantage of the developments within the cryptocurrency field with record-breaking inflows. The company’s assets under management (AUM) have increased ten-fold throughout 2020 to above $20 billion. Grayscale’s Best Year To Date Founded in 2013, Grayscale is among the largest gateways for institutional investors to receive exposure...Read More
The 100 BTC kidnapping case in the Indian state of Karnataka continues to develop as the local police have arrested another suspect on the case. Reports say he was the one who abducted the kid in front of his home after being recruited by the mastermind of the entire operation. Progress On A 100 BTC...Read More
GreenPro Capital has announced its plans to set up a BTC Fund for investment. The firm confirms its belief that Bitcoin might be the next best thing and a truly reliable store of value. Another Believer In The Bitcoin Institutional Future GreenPro Capital Corp (NASDAQ listed as GRNQ) is among the latest corporations to express...Read More
In an interesting twist of events, the Mayor of Miami, Francis Suarez, has said that he’s open to exploring the idea of putting 1% of the city’s treasury reserves in Bitcoin. Earlier today, well-known Bitcoin permabull and proponent Anthony ‘Pomp’ Pompliano came up with an interesting tweet. He urged his followers to retweet it if...Read More
Although India still displays uncertainty in its approach towards cryptocurrencies, the local government is reportedly considering implementing an 18% goods and services tax on BTC transactions. With such transactions exceeding $5 billion annually, the newly proposed tax could generate additional revenue of about $1 billion. 18% Tax On BTC Transactions In India? According to the...Read More
US billionaire entrepreneur and owner of the Dallas Mavericks, Mark Cuban, continues with his controversial approach towards bitcoin. After continuously asserting that he would prefer bananas over BTC as they have more utilization, Cuban said recently that public companies should, in fact, learn from the primary cryptocurrency. Cuban On BTC’s Limited Supply And Mavericks Promotion...Read More
