The investment arm of Morgan Stanley, known as Counterpoint Global, considers adding Bitcoin to its potential assets and companies’ list. The entry of th$150 billion entity would expand the investment sphere of Bitcoin. Counterpoint Global As reported by Bloomberg, Morgan Stanley’s unit, Counterpoint Global, is planning to introduce Bitcoin to investors. However, Counterpoint Global needs […]
The national bank of Kyrgyz Republic (NBKR) wants to diminish the risk of losing money by giving licenses to cryptocurrency exchanges in the country. The initiative of the central bank will provide security and protection to investors regarding crypto investment. Exchanges will Get Licenses According to Tolkunbek Abdygulov, the chairman of National Bank of the […]
As compared to gold, Bitcoin has a lot of potential to grow, according to Bloomberg strategists. Over the last few years, crypto-inspired people have said that Bitcoin would overturn gold in the long-term. Bloomberg’s strategists have compared the top digital currency with the gold-based exchange-traded funds (ETFs). As a result of the comparison, the strategists […]
Cathie Wood, the Chief Executive Officer (CEO) of the global asset management firm Ark Investment Management has become one of those high profile personalities that have acknowledged the worth of Bitcoin (BTC), the largest crypto in the world in terms of market value. She has claimed that the first-ranked cryptocurrency is the first genuinely global […]
The crypto industry needs to be regulated, according to market leaders. MicroStrategy CEO Michael Saylor explained that regulatory clarity around the crypto industry is bullish for Bitcoin. Recently, Janet Yellen, the Treasury Secretary nominee of the newly elected US president Joe Biden said cryptocurrency is involved in illicit activities. Such type of statement from the […]
The Bitcoin dominance has touched a two-month low position as major altcoins are doing their best. Ethereum, the leading altcoin, has reached a new all-time high today. Global Crypto Market Cap Nears $1 Trillion The global crypto market is close to touching $1 trillion as major cryptocurrencies are booming. Bitcoin is not the only cryptocurrency […]
Two new studies show Bitcoin is included in the list of largest market bubbles. Investors think the top digital price would reduce in half over the year. Deutsche Bank’s survey Wealthy investors are mostly concerned from two entities, the US tech stocks and Bitcoin, because they are overpriced. Deutsche Bank’s survey takes views of wealthy […]
Bitcoin rapid price fluctuations suggest that people should think before pouring money into the cryptocurrency. Some financial experts believe one may lose money if one does not understand crypto assets before investing. On Friday, the price value of the high-flying crypto recorded $41,973. After reaching high, it then crashed by 15% on Monday, thus liquidating […]
Similar to Grayscale’s Bitcoin Trust, Osprey has launched its product known as OBTC. Grayscale’s competitor is now in the market, but we will see whether it become successful in catching the attention of wealthy investors or not. Competitor of Grayscale OBTC is an over-the-counter trust, which will function similarly to GBTC. According to the company, […]
On-chain metrics show miners have generated a lot of revenue from the ongoing Bitcoin rally- from $20,000 to above $40,000. The diversity in the mining infrastructure is a good thing for the network’s security. Record Increase in the Past Two Years Analytics firm Glassnode revealed over Twitter that “cumulative” miner revenue has crossed above $20 […]
New data shows that only whales are taking profit from the volatile price movements of Bitcoin. The BTC holdings are moving from small retailers into the wallets of millionaires. Whales are “Buying the Dip” Data analytics firm Glassnode reveals that people whose wallets contain more than 1,000 BTC are purchasing the top digital asset during […]
Bitcoin has not only attracted the attention of asset management firms but also endowments and pension funds. After the top digital asset claimed $42,000, some crypto experts claim it would attain a $1 trillion market cap soon. Allocations are Increasing Bloomberg reported that money in Bitcoin is now coming from pension funds, hedge funds, endowments, […]
The price value of Stellar (XLM) doubles over the day thanks to the Securities and Exchange Commission’s lawsuit against San Francisco-based Ripple. CoinMarketCap data places XLM at $0.38 as it surges by over 100% in the last 24-hours. Due to outstanding performance of the cryptocurrency, the market capitalization has reached above $7 billion. Some market […]
The decentralized sector is booming thanks to price hike and institutional investments. The latest on-chain data shows the total value locked over decentralized platforms have reached $20 billion, all-time high value. According to on-chain provider DeFi Pulse, the total value locked in DeFi has claimed the figure of $20 billion. TVL was hovering around $10 […]
Global CTB Review In 2009, the world’s first cryptocurrency was introduced by Satoshi Nakamoto by the name of Bitcoin. They have been around for more than a decade now, but it was only in the last few years that the market truly expanded and grew. There are nearly 6,000 cryptocurrencies in the market today and […]
Largest digital asset management firm Grayscale has decreased its holdings of XRP and XLM. The reduction in XRP holdings comes as a result of SEC’s lawsuit. Reduction of over 8.18 Million XRP According to the data provided by crypto futures platform Bybt, Grayscale has reduced its XRP holdings by over 8.18 million. After the reduction, […]
After news of a lawsuit against Ripple broke out, some crypto trading platforms at a small level decided to stop offering services for XRP. But today, Bitstamp has become the first major cryptocurrency exchange to stop trading of the fourth-biggest cryptocurrency. Only for US Customers According to Bitstamp’s announcement, the exchange will halt trading services […]
In the daily trading session, Bitcoin topped another all-time high value after claiming $24,500. This is the Christmas gift for traders and investors who are waiting for the BTC breakout. As per the data of CoinMarketCap, the price value of the top digital asset has once again reached above $24,000. Currently, the price of the […]
In the daily trading session of December 22, the price value of Bitcoin has claimed a high point of $623,600 over crypto trading sites. As per the claim of financial experts, the coming US Coronavirus stimulus package is the major reason for pushing the price value upward over the daily trading timeframe. The market condition […]
The supply of Bitcoin over cryptocurrency exchanges is decreasing as people are storing it for a long time. The market observers claim declining BTC supply is bullish as it will create an effect of scarcity. According to Rafael Schultze-Kraft, the chief technology officer at Glassnode, investors and traders are not paying attention to decreasing supply, […]
