Day: February 10, 2021

As Wall Street Fixates on Inflation Hedges, Good Luck Finding Bitcoin

boss

Price Point Bitcoin (BTC) was lower, after an intraday price spike on Tuesday took the largest cryptocurrency to a new all-time high of $48,226.25, based CoinDesk 20 data.    $50K in sight: “Bitcoin needs a couple more big endorsements, and that could be the key to take prices above the $50,000 level,” Edward Moya, senior market analyst for the foreign-exchange broker Oanda, wrote Tuesday.  Inflation watch: European shares and U.S. stock futures were higher as Bloomberg News reported that “inflation has quickly become the biggest issue in markets on speculation…

Twitter Considering Bitcoin Options, Including on Balance Sheet, Exec Says

boss

Twitter is considering adding bitcoin to its company reserves, according to chief financial officer Ned Segal. Segal told CNBC’s Squawk Box Wednesday that the social media giant is also looking at payment options involving the top cryptocurrency by market cap. “We have done a lot of the upfront thinking to consider how we might pay employees should they ask to be paid in bitcoin, how we might pay a vendor if they asked to be paid in bitcoin and whether we need to have bitcoin on our balance sheet,” he…

New Bitcoin Fork, BTCU, led by Eric Ma (the CEO) has successfully launched its Mainnet

boss

The BTCU team has officially announced its Mainnet. The launch comes after more than a year of actively perfecting the blockchain. In the statement released, the team which comprises experienced professionals in the digital finance sphere expressed its gratitude to all parties who made the Mainnet a success, including the BTCU community “The launch marks our most important milestone to date. However, this is still just the beginning!” -according to the team. The project is led by CEO Eric Ma — a former core member of CoinMarketCap and Nikolai Udianskiy…

Haunted by Past Elon Musk Predictions, Gold Bug Peter Schiff Tears Into Tesla’s BTC Acquisition – Economics Bitcoin News

boss

After previously claiming that Elon Musk was too smart to buy bitcoin, Euro Pacific Capital CEO Peter Schiff is reacting angrily to reports that Tesla has acquired the cryptocurrency. In a series of tweets on February 8, Schiff now claims that Musk has no interest in bitcoin’s store of value credentials but is only interested in pumping the crypto. BTC Bias Allegations In its filing with the U.S. Securities and Exchange Commission (SEC), Tesla says it decided to acquire bitcoin because it fits with the company’s updated investment policy. According…

Entrance of Tesla into Crypto Space Will Not Lead to Influx of Institutional Investors

boss

JPMorgan’s strategists were quick to identify the fact that Tesla’s entrance into the crypto space was a major positive factor for the industry. Many crypto analysts and enthusiasts have remained giddy and shown a positive outlook to the news of Tesla’s acquisition of the leading crypto asset Bitcoin. However, leading financial institution JPMorgan believes there is no reason for optimism as this step by Tesla may not trigger an influx of institutional investors into the industry. According to a report by Bloomberg, strategists at JPMorgan, led by Nikolaos Panigirtzoglou, have…

HOW TO BECOME BITCOIN RICH? #REALTALK!

boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Don’t forget to leave a like and subscribe 🙂 Thanks! Instagram: Twitter: BITCOIN AND ALTCOIN LEVERAGE PLATFORMS: 💲 Phemex 💲 Bybit 💲 Binance 💲 PrimeXBT BUY BITCOIN AND ALTCOINS HERE: 🏦 Coinbase 🏦 Kraken 🏦 Binance MY CHART TOOLS: 📊 TradingView MY HARDWARE WALLETS: 🔑 Ledger 🔑 Trezor STORE YOUR PRIVATE KEYS SAFELY: 🔒 FOLLOW ME: 📷 📷 📷 📷 #Bitcoin #BTC #Crypto ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Rhode Island Lawmakers Hope to Boost State Economy With Blockchain-Friendly Legislation

boss

The Rhode Island General Assembly is to consider draft legislation aiming to harness blockchain technology as a means to stimulate growth, create jobs and diversify the U.S. state’s economy. The “Rhode Island Economic Growth Blockchain Act” aims to to nurture a “welcoming business environment” for technology and blockchain companies. It highlights how existing frameworks are unfit for purpose due to being created at a time when products and services were not technology focused. The act, introduced Tuesday by House Minority Leader Blake Filippi and fellow Republican representative David Place, proposes…

The Grayscale Bitcoin Trust: What It Is and How It Works

boss

The Grayscale Bitcoin Trust (GBTC) is the world’s largest bitcoin fund and the first investment vehicle of its kind to report financials regularly to the U.S. Securities and Exchange Commission (SEC). GBTC shares are part of a range of traditional financial products that track cryptocurrency prices offered by Grayscale Investments; the world’s biggest digital asset management firm and part of the Digital Currency Group (DCG) led by founder and CEO, Barry Silbert. DCG is also the parent company of Coindesk. Originally launched in 2013 as the Bitcoin Investment Trust (BIT),…

How Traditional Exchanges Are Boosting Crypto Adoption

boss

Over the past year, demand for regulated crypto investment products has soared. The increasing variety of exchange-traded products (ETPs) listed on traditional exchanges, and the rapid development of indices, have enabled more investors to gain exposure to crypto assets without the complexities of ownership and custody.   Clara Medalie heads research and market analysis at Kaiko, a provider of institutional-grade crypto market data.   Crypto ETPs are now traded in Germany, Switzerland, Canada, Austria, Sweden, Gibraltar and have been green-lighted in Hong Kong, with new applications awaiting approval in a handful of…

Bitcoin to Hit $60-64K Soon, Asserts Analyst Despite Price Dip

boss

“As long as we are above 42k then this should be the next leg of the uptrend,” he wrote. “Lose that and we can consider it a deviation in which pain ensues. The spot to watch IMO. Hold and we see 60-64k soon.” The statement appeared in the wake of Bitcoin’s latest intraday correction ahead of the New York opening bell Wednesday. The benchmark cryptocurrency slipped by more than 1.5 percent, extending its decline from the previous session’s record high of $48,200. At its lowest on Wednesday, Bitcoin was trading…