Grayscale Investments has been the poster child for institutional cryptocurrency purchases for the better part of a year now. However, the company appears to have halted investments in several of its top cryptocurrency trusts, putting potential investors in uncharted waters. Earlier this week, a Twitter user shared a screenshot confirming that top Read more…
Last year’s backlash against Facebook Inc.’s planned digital currency Libra would have been most CEOs’ worst nightmare. Governments and regulators linked arms to repel a perceived threat to monetary sovereignty, financial stability and data privacy. The more Mark Zuckerberg tried to reassure politicians by talking up financial inclusion and innovation, the more Read more…
As bitcoin hit a new record high of high of $24,299.75 on Sunday, Elon Musk asked about the possibility of converting “large transactions” of Tesla Inc’s balance sheet into bitcoin, according to a Twitter exchange between Musk and a well-known advocate for the digital currency. Michael Saylor, chief executive officer Read more…
During the police brutality protests in Nigeria in October, bitcoin saved the day when the government shut out protesters from using local payment platforms for collecting donations to support it. The young, tech-savvy protesters quickly switched to using bitcoin, and in about a week bitcoin accounted for around 40% of the Read more…
Exactly 3 years have passed since Bitcoin set its previous all-time high just under $20K. Most market participants who caught the rally back then now have a pleasant but unsettling deja vu, because that’s when Bitcoin’s decline began, which subsequently led to the “crypto winter.” There are also some differences this time Read more…
On December 16, the price of bitcoin skyrocketed to hit its highest level ever as the broad crypto market rebounded in a sudden surge. The OG crypto effortlessly cruised past $20,000. Just hours later, bitcoin climbed above the $21K level. And its upsurge has continued. The crypto just set another Read more…
The price of bitcoin has surged to a new all-time high, rising above $20,000 for the first time. The sudden market jump appeared to cause some cryptocurrency exchanges to struggle, as traders sought to either cash out or make a quick profit. Reports of issues with Binance, the world’s most popular bitcoin exchange, coincided Read more…
Adult entertainment website Pornhub is accepting cryptocurrency as a default payment for premium content, informing users they are “unable to accept credit cards” at this moment. If one wants to enjoy more than just the free video content on Pornhub, a major part of which the website has already deleted, Read more…
As Bitcoin (BTC) continues to flirt around $19,000, investors are at a crucial junction to decide whether to buy or sell. Although the institutional developments suggest a buy, the inflow data at the exchange by the Bitcoin whales suggest otherwise. On-Chain Data From Santiment Shows Drop In Wallets Holdings Large Read more…
Bitcoin’s rally this year is different from its previous uptrends as experts investors have been involved in this one, said crypto investors Tyler and Cameron Winklevoss. “The type of investors in this bull run are very different,” Tyler Winklevoss, co-founder of crypto exchange Gemini, said. “They’re super sophisticated institutional investors like Read more…