Bitcoin has been stuck in the same range for two weeks. When BTC remains stagnant for a long time, it tends to see significant volatility in the near-term. For 15 days, the Bitcoin price has been stuck in the same range, consolidating at the same support level at $6,700. Although BTC surged to as high […]
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Demand for USDC and PAX has grown but USDT still leads among stablecoins, fiat and cryptos when it comes to volume into Bitcoin. While Tether (USDT) is currently the most popular stablecoin by far when it comes to trading volume and market capitalization, the latest Exchange Review from CryptoCompare shows that other stablecoin projects such […]
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BitGo has bought Lumina, a company that provides tax and portfolio management solutions for institutional investors. BitGo, a company previously known for its custody business, is purchasing Lumina, an integrated tax service for institutional traders. The deal is part of BitGo’s year-long strategy to diversify its crypto business. The deal, whose value remains undisclosed, was […]
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The latest quarterly report from the company also reveals that it now has 1.2% of all the cryptocurrency available in its ten funds. Almost 2% of the world’s Bitcoin (BTC) supply is now under the control of a single company: Grayscale and its Bitcoin Trust (GBTC). In its latest quarterly report on April 16, Grayscale […]
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Equities markets are correcting strongly and the upcoming Bitcoin halving has investors worried, but don’t freak out, learn how to manage your risk. The global economy is experiencing massive shockwaves due to the continuing global coronavirus pandemic. Markets are at record levels of volatility, seeing historic swings in both directions on a near-daily basis. In […]
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Goldman Sachs analyst argues that central banks should print even more money as one commentator slam “illegal” moves by the Federal Reserve. Bitcoin (BTC) and gold are fast becoming the safe-haven assets of choice as new data predicts that advanced economies will shrink 35% in Q2. According to annualized figures from Goldman Sachs quoted by […]
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Most major cryptocurrencies are attempting to bounce off their immediate support levels, which is a huge positive as it suggests buying on dips. Famed investor Mike Novogratz believes that additional crypto adoption and more drastic central bank actions will benefit Bitcoin. The Galaxy Digital CEO said that hedge funds and high-net worth individuals have been […]
Continue ReadingThe Bitcoin miner reward halving is almost here, but what if there’s no price pump? Can the miners stay afloat? With the COVID-19 pandemic grabbing most headlines the past few weeks, the cryptosphere has been directing some of its attention toward Bitcoin’s reward halving. With the event just four weeks away and the Bitcoin Cash […]
Continue ReadingHedge fund manager, Ray Dalio, described the reasons cash is a poor investment, but failed to mention Bitcoin as a viable alternative. In a recent TED interview, Bridgewater Associates co-chairman and co-CIO, Ray Dalio, labeled cash as a risky place to park wealth, although he failed to mention Bitcoin (BTC) as an alternative. “Do not […]
Continue ReadingIn an interview this week, the Morgan Creek Digital CEO revealed reservations about Ripple’s giant XRP hoard and said the majority of altcoins will go to zero. One of cryptocurrency’s biggest hedge funds says it will keep avoiding XRP and Stellar (XLM) because their supply is too centralized. In an interview with YouTube series Thinking […]
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