Tag: bitcoin

Apr 11 2021

Bitcoin (BTC) Outperforms Institutional Assets in Q1 2021

Apr 11 2021 Published at Coingape under tags  bitcoin bitcoin news btcbrl btcbusd btcdai

Bitcoin (BTC), the world’s first digital currency has notably outperformed other institutional assets in the first quarter of 2021. The...

Bitcoin Takes Aim at $70,000 as Institutional Demand Skyrockets

Apr 11 2021 Published at Crypto Briefing under tags  bitcoin btc jp morgan jpmorgan markets

Following a month-long consolidation period, the buying pressure behind Bitcoin is finally being reflected on prices. The flagship cryptocurrency has broken through a crucial resistance level, threatening to rise toward $70,000. Institutional Demand Skyrockets...

Bitcoin Miner Revenue Hits New All Time High Among Other Key Metrics: Potential Bull Case?

Total Bitcoin miner revenue has been on a steady uptrend since the start of the year, hitting its new all time high on Friday. According to figures from on-chain analytics site Glassnode, miners are now making an...

Is Bitcoin Following S2F Model? How a $200K Top Could be in Sight

Apr 11 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin price btcusd btcusdt s2f

Is Bitcoin a commodity? It is, according to most regulatory agencies including the CFTC. But is Bitcoin a store of value (SoV) commodity? That seems to be the current consensus. Most of the investors are treating it as so, and calling it “Gold 2.0.” Well, if that’s the case, then Bitcoin should follow the stock-to-flow model. At least to...

Beosin CMO Did Not Liquidate Police-seized Bitcoin Says Firm

Reading Time: 2 minutes Beosin CMO Gao Ziyang did not misappropriate $45 million worth of police-seized bitcoin, according to the company News reports alleged that Gao had traded the fortune on OKEx when he was supposed to be disposing of it on behalf of the authorities...

Apr 10 2021

Bitcoin Funding Rates Hit Peak Amid Surge Above $60K, What’s Next?

Bitcoin price today broke out of its long consolidation phase between $58K- $60K to register a new monthly high of $61,276. The price has retraced back to $60,300 at the time of writing as funding rates have started to skyrocket....

Kryptoin Pushes for a Second Bitcoin ETF Amidst Mounting Pressures on the US SEC

Apr 10 2021 Published at Coingape under tags  bitcoin bitcoin etf bitcoin news btcbrl btcbusd

Kryptoin has submitted an application for its second Bitcoin Exchange Traded Fund (ETF) product with the United States Securities and Exchange Commission (SEC). Per the...

Ethereum Market Outlook Super Bullish as TVL in ETH 2.0 Soars Above $8B

Apr 10 2021 Published at Coingape under tags  altcoin news bitcoin defi ethaud ethbkrw

Recent on-chain data from Glassnode reveals that the total value in dollar...

Coinbase Reports Incredible Quarter, But Valuations Remain Uncertain: What to Expect

Crypto exchange giant Coinbase released its earnings for the first fiscal quarter of 2021 ahead of its direct listing on the Nasdaq on April 14. Its revenue skyrocketed to a record-setting $1.8 billion -- singlehandedly topping all...

Bitcoin Breaks Above the $60,000 Psychological Level

Bitcoin (BTC) has recently broken above the $60,000 psychological level. This is the highest point reached by the largest cryptocurrency since March 15 when BTC fell to $53,000 […]

Bitcoin Investment Firm NYDIG Raises Additional $100 Million

Crypto investment provider NYDIG raised an additional $100 million in growth capital earlier this week. The new funding round featured MassMutual, Stone Ridge Holdings, New York Life, and Liberty Mutual Insurance, among others as strategic partners. This follows the investment firm’s...

Apr 09 2021

Bank Begins Blocking Shares Of Companies Who Buy Bitcoin

Apr 09 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

At the height of the last so-called Bitcoin "bubble" banks began feeling the crunch of coming competition and began blocking transactions related to "virtual currencies." But as we've seen as of late, banks are finally coming around along with the rest of the finance world. However, not all banks are hopping on the bandwagon, and others are back to their old bag of...

Bitcoin and Ethereum Exhibits Resilience As Bulls Mount Pressure to Break Key Resistance Levels

The global cryptocurrency market is seeing a general uptrend, coming in as a healthy bullish resurgence following a downcast rally seen across the board yesterday. Bitcoin (BTC) and by effect Ethereum (ETH) is particularly energized as Chinese tech firm Meitu Inc doubled up on its accumulation strategy. The firm scooped up an additional 175.6 Bitcoins for $10 million bringing its total holdings to...

Bitcoin Ban Would Be Foolish, Says Hester Peirce

She highlighted the importance of a clear crypto regulatory framework in the US.

Cryptojacking Down 23% in First Drop since 2018

Reading Time: 2 minutes Reports of cryptojacking were 23% down in the last quarter, according to a new report Threat intelligence firm Unit 42 reported that cryptojacking dropped for the first time since 2018 Unit 42 says companies are better prepared to deal with such...

Are NFTs a Good Long Term Investment? On Ownership & Long-term Viability

Some NFT prices are falling. Is this the first indication of what is to come in the future?

Bitcoin Miner Riot Blockchain Invests $780 Million to Expand Operations

Bitcoin mining firm Riot Blockchain announced its milestone purchase...

A Bitcoin Correction Towards $55,000 Likely At The End of Week

Key Bitcoin Price Outlook Bitcoin reaches a short-term resistance trendline that constitutes a descending channel pattern. The cryptocurrency risks upside rejection heading into the weekend session. Its downside target lurks near $55,000. Sliding US bond...

South African Exchange Ice3x Shuts Down

Reading Time: 2 minutes One of South Africa’s oldest exchanges, Ice3x, has announced that it is closing down Ice3x had halted withdrawals weeks ago after finding a discrepancy in its BTC and LTC holdings The exchange abruptly halted withdrawals last month South...

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