Tag: btc

Jul 23 2021

Dogecoin, Musk, and $60 million NFT froth: Why Ruffer sold $1bn in Bitcoin

Jul 23 2021 Published at CryptoSlate under tags  btc culture nft nfts

Ruffer Investment Company Limited invested roughly $600 million in Bitcoin (BTC) in November 2020 but sold its exposure...

Bitcoin Bears Fail To Stick In Final Knife, Why A Short Squeeze To $40K Could Be At Play

Jul 23 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd

Bitcoin has managed to stay above the $30,000 levels after the massive weekend’s selloff. The sentiment in the market seems to be turning more optimistic, but there has been an increase in BTC inflows to exchange that suggest more selling pressure is yet to come. At the time of writing, the first cryptocurrency by market cap trades at $32,564 with a...

Twitter CEO Jack Dorsey Says Bitcoin Will Be A Big Part Of The Social Media Giant’s Future

Bitcoin adoption continues to creep more into the mainstream with each passing day. Twitter CEO Jack Dorsey said in a recent Twitter earnings call that bitcoin will be a “big part” of the social media’s giant future going forward. Dorsey...

The people of El Salvador are protesting against Bitcoin bill

Jul 23 2021 Published at CryptoSlate under tags  adoption btc

President Nayib Bukele’s bill that granted Bitcoin (BTC) a legal tender status in El Salvador is yet to be enforced in September but after...

Jul 22 2021

Ultra-Wealthy Warm Up To Bitcoin, 50% Want Exposure According To Goldman Sachs Survey

Jul 22 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd

Per a Bloomberg report, around half of the family offices in business with Goldman Sachs want to invest in Bitcoin and cryptocurrencies. The...

Elon Musk fancies running a Dogecoin node in space (and teases Tesla’s Bitcoin adoption)

Jul 22 2021 Published at CryptoSlate under tags  adoption btc doge eth mining

Elon Musk's participation at ‘The B Word’ conference, an event hosted by the Crypto Council for Innovation, resonated loudly in mainstream...

Jul 21 2021

First Crypto Mining ETF Launched, How It Will Support Bitcoin Sustainability

Jul 21 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd

Fund manager Viridi Funds has launched the first focused Bitcoin crypto mining investment product. Called the Viridi Cleaner Energy Crypto Mining & Semiconductor ETF (RIGZ), the product will be traded on the New York Stock Exchange (NYSE). Launched as an actively managed ETF, Viridi will...

By The Numbers: How A Bitcoin ETF Can Become Most Tracked Strategy

Jul 21 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd

Senior Exchange Traded Fund (ETF) analyst for Bloomberg Intelligence Eric Balchunas recently discussed the reasons behind his optimisms on a Bitcoin ETF approval in the U.S....

[Updated] Deribit Review: Cryptocurrency Futures & Options Trading

Deribit is a Bitcoin trading platform that enables individuals around the world to engage in futures and options trading. The team behind the project combined the first letters from the words Derivates and Bitcoin in order to create the name of their website, and members can use Bitcoin in order to make deposits, withdrawals, and [...] The post Deribit Review: Cryptocurrency Futures &...

Jul 20 2021

Market Remains In “Extreme Fear” As Bitcoin Price Plummets

Jul 20 2021 Published at Bitcoinist.com under tags  arcane research bitcoin btc btcusd btcusdt

Bitcoin continues to see price dips as fear looms. Earlier in the month, Bitcoinist had reported that the crypto market had been in “Extreme Fear” for the longest stretch in a year. According to Arcane Research, this has persisted to the present. The Fear & Greed Index continues to show that market sentiments remain...

SEC vs. Ripple update: Agreement to reschedule deposition on Ethereum and XRP

Jul 20 2021 Published at CryptoSlate under tags  btc eth legal regulation xrp

Last week, US Magistrate Judge Sarah Netburn ruled that the former head of the US Securities and Exchange Commission’s (SEC) Division of Corporation Finance William Hinman will testify under oath. The deposition was scheduled for July 19, but given the privilege issues involved, a delay was allowed by the court so that the agency and...

Bitcoin Volume Observes Yearly Lows As Volatility Declines Further

Bitcoin continues to observe new yearly lows for volume as volatility also continues to decline further. Bitcoin Volume And Volatility At Yearly Lows As per an Arcane Research report, the 7-day average trading volume for BTC continues to hit yearly lows. This is the third consecutive week that the indicator has plunged down. The below...

Why This J.P. Morgan Executive Says Clients Want to Invest in Bitcoin

Jul 20 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd

The hunger for Bitcoin exposure is on the rise, despite the recent bearish price action. At least, that’s what some J.P. Morgan clients have told the banking giant, according to Mary Callahan Erdoes. CEO for J.P. Morgan Asset & Wealth Management, Erdoes believes that blockchain technology is more relevant than Bitcoin. The former, said the executive, has changed the way in which J.P....

Jul 19 2021

Bitcoin On The Verge Of Losing $30,000, What Is The Most Bullish Scenario?

Jul 19 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd

Bitcoin has corrected over the past week and now holds a critical support line at $30,806. This could be the last major support zone and bulls must hold it to prevent more downside....

Crypto community Argues On Bitcoin Capacity As A Hedge Against Inflation

There is division in the Bitcoin community amid the massive spike in CPI (Consumer Price Index) in the United States. This division arose as the community argues whether BTC is now a hedge to inflation. According to Business Insider, the CPI had its biggest one-month increase for over thirteen years. CPI is an indicator that calculates the average difference in price that consumers...

US Feds want to tame ‘wildcat’ stablecoins like Tether and USDC

Jul 19 2021 Published at CryptoSlate under tags  btc lbr regulation stablecoins usdt

A research paper titled “Taming Wildcat Stablecoins,” published in the Social Science Research Network (SSRN) by a professor of finance at Yale, Gary Gorton, and the US Federal Reserve attorney Jeffery Zhang, urges supervision of...

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