Gary Gensler, the newly appointed chairman of the U.S. Securities and Exchange Commission (SEC) has recently hinted at the possibility of a Bitcoin exchange- traded fund (ETF). A bitcoin ETF has been much awaited in the United States with the crypto community waiting for a long. Gensler's comments came during his first major briefing on crypto The post SEC Chairman Gary Gensler Hints at...
After rising all the way to...
The latest report in the market is that the world's largest oil-producing companies are mulling to join the Bitcoin mining market. On Sunday, August 1, TrustNodes first reported that oil-producing companies are working out a way to use the gas byproduct in Bitcoin mining activities. Thus, productively using the gas will also help in reducing The post Are World's Largest Oil Producing Companies...
On Thursday, July 29, business intelligence firm MicroStrategy revealed its second quarter results for 2021 declaring over $600 million with impairment losses with its bitcoin holdings. But company CEO and Bitcoin evangelist Michael Saylor continues to remain ultra-bullish on the future of Bitcoin. Saylor noted that buying Bitcoin right now is similar to buying Bitcoin The post MicroStrategy's Michael Saylor Defends the Massive...
Institutional inflows in Bitcoin (BTC) continue to grow at a faster rate. Just two days after banking giant State Street announced its crypto services, another $40+ billion asset manager GoldenTree has announced its investment in the world's largest cryptocurrency. As a result, the Bitcoin (BTC) price is up 5% today shooting all the way to The post Bitcoin (BTC) Shoots $42,000 As $45...
Bitcoin (BTC) is up 8% today making another attempt to move past its crucial resistance of $40,000. At press time, Bitcoin (BTC) is trading at a price of $39,828 with a market cap of $747. Bitcoin has picked up strong momentum amid rumors of Amazon integrating BTC payments. However, Amazon has confirmed that there are The post Bitcoin (BTC) Shoots 8% Closing Above...
On Thursday, July 22, Business Insider reported that JPMorgan has given a go- ahead to its advisors to offer clients crypto fund services. This is for the first time that the U.S. bank is expanding its crypto services from just ultra-wealthy clients now to retail-wealthy clients as well! In a memo published earlier this week on The post JPMorgan Becomes First U.S. Bank to...
After taking a nosedive under...
While Bitcoin (BTC) continues to trade under pressure, institutions are back at buying the dips once again. On Monday, July 19, Cathie Wood's Ark Investment purchased an additional 300K of the Grayscale Bitcoin Trust (GBTC). As reported by The Street citing the subscription to Ark's trading activity, the investment firm purchased 310,067 shares of GBTC at the The post Cathie Wood's Ark Invest...
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The GBTC unlock has created a major buzz in the crypto space over the last week weeks about how it shall affect the price of Bitcoin (BTC). However, it turns out that institutional players continue to have an interest in Grayscale crypto products. As per the SEC filing on Monday, July 19, Chicago-based institutional player The post Rothschild Investment Purchased Over 100K Shares...
Bitcoin (BTC) has...
In the latest adjustment on Saturday, July 17, has dropped by another ~5% in its fourth consecutive drop. The previous adjustment saw the highest drop in percentage terms dropping 28% a fortnight back. With the latest drop, the Bitcoin mining difficulty has had a new low since January 2020. This drop comes as a lot The post Bitcoin (BTC) Mining Difficulty Drops Another...
Bitcoin (BTC) continues to show volatility while trading in a closed range between $30,000-$35,000. At press time, Bitcoin is down 3.88% trading at $33,142 with a market cap of $620 billion. As BTC continues to trade under pressure, it has now entered into a negative correlation with the S&P 500 (INDEXSP: .INX) index. As a The post Bitcoin's (BTC) Correlation With S&P 500...
Wall Street giant JPMorgan isn't quite happy with El Salvador making Bitcoin (BTC) a legal tender in the country. The banking firm noted that passing the Bitcoin law could pose a challenge for Bitcoin as well as the cryptocurrency itself. Analysts of JPMorgan noted that Bitcoin's daily trading volume hits anywhere between $40 to $50 The post JPMorgan: El Salvadors' Bitcoin Adoption Could...
In an official declaration, the Israel Investment Fund Group (IIFG) has announced that it has invested a massive $2.3 billion in Bitcoin. This Fund Group manages the sovereign wealth fund of Israel. The announcement notes that the latest Bitcoin investment comes as part of their portfolio diversification strategy. It also notes that the global strategic The post Israeli Sovereign Fund Has Invested A...
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