Day: February 3, 2021

Bitcoin News Roundup for Feb. 3, 2021

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With BTC trading in its recent range and a look at DeFi in a post-WallStreetBets world, CoinDesk’s Market Daily is back with the latest news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. Today’s stories: Crypto Bulls Are Back as Ether Hits All-Time High, Bitcoiners Hoard GameStop comedown shows appeal of social media-fueled trading. Dogecoin chatter in Reddit reveals cryptocurrency analogue. Bitwise Asset Management said Tuesday it’s seeking U.S. regulatory approval to publicly trade shares of its bitcoin fund on the over-the-counter…

Crypto Markets Surge, ETH Price Rallies, Bitcoin’s Tight Range Indicates Big Move Ahead – Market Updates Bitcoin News

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Digital currency markets have been on the move northbound on Wednesday as bitcoin and numerous crypto assets have seen decent gains. The entire crypto-economy has once again crossed the $1 trillion mark as a myriad of digital currencies jumped anywhere between 5-20% in value during the last 24 hours. Crypto Assets See Some Upside Price Action Crypto supporters are pleased on Wednesday as digital currency markets are climbing again and a great number of assets have seen significant gains. The leading cryptocurrency, in terms of market valuation, bitcoin (BTC) is…

Late on crypto? Institutions still at early stage of Bitcoin adoption

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Institutional investors are seen to be rushing toward Bitcoin (BTC) at high speed, with more companies emerging that look to adopt Bitcoin as a way to store their reserves. Recently, Marathon Patent Group, a Nevada-based Bitcoin mining company, has bought $150 million worth of Bitcoin as a reserve asset, a move similar to MicroStrategy purchasing $425 million worth of Bitcoin in September 2020. This purchase made Marathon Patent Group the third-largest holder of BTC among publicly traded companies In addition to Marathon, BlackRock, the world’s largest asset manager by virtue…

Bitcoin | Cryptocurrency Market Growing

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Yellen convenes SEC, CFTC and Fed leaders on Robinhood question

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The four horsemen of U.S. financial regulation will meet to discuss market manipulation concerns resulting from the headline-grabbing drama surrounding GameStop stock last week.  Per a Feb. 2 report from the Wall Street Journal, Treasury Secretary Janet Yellen is gathering the leadership of the Securities and Exchange Commission, the Commodity Futures Trading Commission, and the Federal Reserve, possibly as soon as Thursday.  The SEC already announced that it was looking into recent market manipulation. The inclusion of the CFTC and the Fed suggest that the conversation is going to extend…

Small and medium hodlers control 40% of the Bitcoin supply — data

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Bitcoin (BTC) ownership is becoming more decentralized every day, data shows, allaying fears that the supply is being controlled by an elite. Data from Glassnode reproduced by statistician Willy Woo on Feb. 3 shows that the number of smaller Bitcoin holders and those holding coins on behalf of clients keeps growing. Bitcoin in the hands of the little guy Despite BTC/USD rising to record highs in recent weeks, more, not fewer, small investors are coming in board. At the same time, longtime BTC hodlers, known as “humpbacks” in reference to…

Founder of Crypto Scam Promoted by Actor Steven Seagal Charged — Key Member Arrested in US – Regulation Bitcoin News

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Three people have been charged in the U.S. over two cryptocurrency scams, one of which was promoted by famous Hollywood actor Steven Seagal. The main promoter of the schemes has already been arrested and is facing criminal charges. Seagal previously settled the charges against him relating to the scheme. The U.S. Securities and Exchange Commission (SEC) charged three people on Monday with defrauding retail investors “through two fraudulent and unregistered digital asset securities offerings” that occurred between approximately December 2017 and May 2018. The three are Kristijan Krstic, John DeMarr,…

Ruffer Turns Bitcoin Investment into $750M Profit in Under 2 Months

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U.K.-based Ruffer Investment Management has managed to quickly turn its recent bitcoin investment into a $750 million profit. Having bought in November, Ruffer’s investment managers took profits in December and January as the cryptocurrency more than doubled to around $40,000, according to a Telegraph Money report Tuesday. “We’ve been surprised by how well it has done and how quickly. We did not expect immediate fireworks,” Duncan MacInnes, co-manager of Ruffer Investment told the newspaper. MacInnes said the 2.5% allocation was made across all Ruffer’s funds, costing around $600 million. As…

Bitcoin Startup Casa Raises $4M Led by Fidelity-Linked Avon Ventures

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Bitcoin self-storage startup Casa has raised $4 million in a seed round led by Fidelity Investments’ blockchain-focused Avon Ventures.  The investment comes with a board seat for Avon partner Sachin Patodia, Casa CEO Nick Neuman told CoinDesk. Tioga Capital, Castle Island, Cadenza, Champion Hill, Compound VC, Precursor, Lerer Hippeau and Coinbase Ventures also participated in the round. Casa will put the funding toward improving the reach of its self-custody bitcoin wallet, anchoring a broader push to woo more users after a year of steady growth. Neuman said new Casa clients…

What The News Is NOT Telling You About XRP SEC LAWSUIT! (Revealed) | XRP: Big Insights – XRP Ripple

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io What The News Is NOT Telling You About XRP SEC LAWSUIT! (Revealed) | XRP: Big Insights – XRP Ripple Related Videos: At Make Money Online, we share everyday price predictions and news about cryptocurrencies or the stock market. We make content about topics such as nio stock and tesla stock or cryptocurrencies, such as bitcoin and Ripple XRP. We would love to hear your opinion about the stock or the cryptocurrency in the comments below… ►Subscribe for a New ‘Make Money Online’…