Tag: bitcoin investment

Jul 27 2022

Institutions Sell Off 1% Of Total Bitcoin Supply In Under 2 Months

Bitcoin has fallen more than 70% from its all-time high in November 2021 and has triggered selling pressure with it. While it seemed that institutional investors were going to hold through the bear market, this has not been the case. Over the last couple of months, the sale of bitcoin in the open market has ramped up, and institutional investors have been revealed...

Jul 22 2022

Crypto Reacts: Tesla Panic Sells Its Bitcoin, The Internet Explodes

One thing’s for sure, Tesla’s CEO knows how to generate headlines. The infamous Elon Musk was the talk of the town today, as news of his company selling 75% of their bitcoin hit the wires. The reactions go from clowning Musk to overanalyzing the situation and...

Jul 21 2022

New Reason For The Market Crash Revealed: Tesla Sold 75% Of Its Bitcoin In Q2

It’s true, Tesla already sold almost a billion dollars in BTC and the market took it like a champ. Of course, the price fell below the previous all-time high for the first time in bitcoin’s history, but there are clear reasons for that. The Tesla dump wasn’t among those reasons until yesterday night, when the company’s quarterly update for Q2 hit the Internet....

Jun 20 2022

Marcy Residents React Poorly To Jay-Z And Jack Dorsey’s The Bitcoin Academy

In time, The Bitcoin Academy will probably be remembered as Jay-Z’s biggest contribution to Marcy, the neighborhood that saw him grow. Believe it or not, financial literacy is the most needed resource for low-income zones and people. Does that mean that those areas’...

Jun 09 2022

Jim Cramer Says You Shouldn’t Borrow Money To Buy Bitcoin, Here’s Why

The issue of borrowing money in order to invest in cryptocurrencies such as Bitcoin has been a prevalent one in the crypto space. Mostly, there has been numerous news regarding individuals who borrowed money to purchase these cryptocurrencies and ended up in massive debt that they couldn’t immediately pay off due to the fact that the price of the digital assets has crashed,...

May 25 2022

By The Numbers: The ROI On Buying The Blood In Bitcoin

The current bitcoin market has not been favorable for investors and is one that can be referred to as a ‘bloody market’. This is not the first time that there will be blood on the streets for the digital asset and will certainly not be the last. This is why looking at what different moves during such a trend can yield for an...

May 22 2022

Bitcoin And Retirement: U.S. House Bill To Include Crypto On 401(K) Plans

United States Rep. Byron Donalds has initiated a bill to the U.S. House of Representatives seeking to incorporate Bitcoin into every American home's 401(K) retirement plans. It's a novel and bold move as the bill also significantly boosts the Financial Freedom Act of 2022, which was also set in motion this month. The bill by...

Apr 27 2022

Some 340 Robinhood Employees Are About To Lose Their Jobs – Here’s Why

Robinhood, the app that popularized free one-click stock and crypto trading, revealed on Tuesday that it would lay off roughly 340 full-time employees, or around 9% of the 3,800 workforce. The move, according to Robinhood CEO Vlad Tenev, is in response to a decline in active users following a period of rapid growth early in the COVID-19 pandemic, which sent the company's price...

Apr 21 2022

Bitcoin Investors Have ‘Low’ Financial Knowledge, Bank Study Shows

Apr 21 2022 Published at Bitcoinist.com under tags  bitcoin bitcoin investment news

Canadian bitcoin owners have little financial literacy and are susceptible to high levels of financial risk, a new Bank of Canada research shows. The Globe and Mail newspaper in Canada reported the study. According to the research paper, despite their in-depth knowledge of blockchain technology, most Bitcoin investors struggle with fundamental financial literacy. However, while being more aware than the average public, Canadians...

Mar 11 2022

Is This A Proposal To Incentivize Green Bitcoin Mining Or A Marketing Ploy?

The road to a green bitcoin continues. This time, it’s with an idea so wild that it just may work. It arrives via a whitepaper titled “Greening Bitcoin With Incentive Offsets” by Troy Cross and Andrew M. Bailey. Did they find a way to align...

Mar 09 2022

Crypto Scam: SEC Slaps Siblings With $124 Million Charge In ‘Snake Oil’ Fraud

Mar 09 2022 Published at Bitcoinist.com under tags  bitcoin investment crypto news

A cryptocurrency entrepreneur and his sister have been charged by US officials with crypto scam on Wednesday, accusing them of defrauding retail investors of millions of dollars using a bogus cryptocurrency. The US Securities and Exchange Commission alleges in a statement Wednesday that John and JonAtina Barksdale scammed thousands of investors with Ormeus Coin. According to the SEC, the siblings advertised Ormeus on...

Feb 08 2022

Tesla Bitcoin Impairment Loss In 2021 Crosses $100 Million Following Price Crash

Tesla remains one of the public companies with the largest bitcoin holdings in the world. The automotive manufacturer had purchased bitcoin which was made public by CEO Elon Musk at a conference. Since then, the company has maintained its position in the digital asset, revealing that it had no intentions of selling its holdings. This has however come at a price as the...

Feb 05 2022

Corporate Adoption: Restaurant Chain Everbowl Embraces The Bitcoin Standard

Another restaurant company is adding Bitcoin to its balance sheet. On Everbowl’s website, they claim “At everbowl, we believe the key to life is motion,” and they’re putting their money where their mouth is. Under the Bitcoin standard, a new stage awaits this California-based “quick-serve...

Feb 01 2022

Fidelity Explains Why We Live In a Bitcoin-First World, Plain & Simple

SPOILER ALERT: Asset Manager Fidelity thinks “bitcoin should be considered first and separate from all other digital assets that have come after it.” This is huge, considering the Fidelity Digital Assets division’s website opens with “We envision a future where all types of assets are issued natively on blockchains or represented in tokenized format.” That multichain-focused company recognized Bitcoin’s inherent superiority...

Jan 28 2022

Companies Holding Bitcoin On Balance Sheet Lose Nearly $7 Billion

Companies with bitcoin on their balance sheets have recorded massive losses following the crash. These companies which have gradually added BTC to their holdings had made a profit into the billions when the price of the cryptocurrency was surging. However, since the downtrend that caused bitcoin to lost about 50% of its value, they have now seen billions shaved off their balance sheets...

Dec 14 2021

Breaking: Institutional Bitcoin (BTC) Broker NYDIG Raises $1 Billion in Funding

Leading Bitcoin investment company, NYDIG has just completed a whopping $1 billion funding round, bringing the company's total valuation to above $7 billion. NYDIG Raises $1 Billion, Hopes To...

Nov 26 2021

Billionaire Tells Investors; “Buy Bitcoin Right Now”

Mexican billionaire Ricardo Salinas Pliego has advised investors to put their money into bitcoin. Salinas who is the third richest man in Mexico advised this due to the rate at which the Fed is printing dollars. Inflation rates have soared in the past year and are expected to continue doing so. The billionaire advises putting money into bitcoin to combat the rate at...

Nov 25 2021

Morgan Stanley Deepens Crypto Exposure Through Grayscale Bitcoin Trust

Leading investment bank Morgan Stanley has once again deepened its crypto bet through Grayscale Bitcoin Trust. The megabank had been invested in crypto through the trust for a while now across various funds. In a recent SEC filing, the bank revealed that it had dramatically increased its holdings in the trust...

Sep 29 2021

Diamond Hands: 80% Of Bitcoin Circulating Supply Now Owned By Long-Term Holders

Investors are holding on to their bitcoins now more than ever. The sell trends that are usually experienced during bull markets have not been seen with recent rallies, suggesting that holders across the board are choosing to hold on to their cryptocurrencies rather than selling them off for a profit. These have led to fewer ‘weak hands’ in the market and ‘diamond hands’...

Sep 28 2021

Deutsche Bank Analyst Marion Laboure Says Bitcoin Is Here To Stay As Digital Gold

Bitcoin has gotten some wild, and not so wild, predictions from analysts recently. The growth of the digital currency this year has led some analysts to predict that the digital asset was not done growing just yet. One thing has mostly remained constant across the predictions. The value that bitcoin carries cannot be denied. Bitcoin has made its mark in financial markets as...

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