Day: February 17, 2021

Survey Finds Many Finance Managers Are Not Planning to Hold BTC— Volatility Cited as Key Concern – Finance Bitcoin News

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A new poll of finance managers by Gartner Finance finds that a majority are not planning to hold bitcoin as a corporate asset. In their responses, most of the 77 finance leaders interviewed cite bitcoin’s volatility as one characteristic of the crypto asset that is “extremely difficult to mitigate.” The Concerns of Finance Executives The survey’s findings appear to contradict the growing sentiment that many more listed companies will follow in the footsteps of Telsa, Microstrategy, and Square Inc. In a statement released alongside the survey’s findings, Alexander Bant, chief…

BlackRock has started to ‘dabble’ in crypto, says CIO

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Rick Rieder, chief investment officer at BlackRock Financial Management, hinted that the firm ha already invested a percentage of its portfolio into crypto. In an interview with CNBC’s Squawk Box on Wednesday, Rieder said BlackRock — with more than $8.6 trillion in assets under management — has “started to dabble a bit” into crypto investments. The chief investment officer described the volatility of cryptocurrencies like Bitcoin (BTC) as “extraordinary” but acknowledged that many investors were looking for “places that appreciate under the assumption that inflation moves higher as debts are…

BlackRock has started to ‘dabble’ in crypto, says CIO

boss

Rick Rieder, chief investment officer at BlackRock Financial Management, hinted that the firm ha already invested a percentage of its portfolio into crypto. In an interview with CNBC’s Squawk Box on Wednesday, Rieder said BlackRock — with more than $8.6 trillion in assets under management — has “started to dabble a bit” into crypto investments. The chief investment officer described the volatility of cryptocurrencies like Bitcoin (BTC) as “extraordinary” but acknowledged that many investors were looking for “places that appreciate under the assumption that inflation moves higher as debts are…

Bitcoin Will Die If Developers Don’t Innovate, Charles Hoskinson Says

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Bitcoin skeptic Charles Hoskinson, founder of Cardano, said in an interview with the Cardano subreddit that bitcoin, like fiat money, is the only thing of value it has is acceptance.  “Fall” of the Dominant Coin Therefore, when it loses its only strength – popularity, it will eventually die. Over the past week, bitcoin has made it to major talks and discussions globally, especially with its current surge. Opinions have been voiced, saying that Bitcoin will go over the moon and others saying that it will die sooner or later. Is…

Tesla Tapped Coinbase for $1.5B Bitcoin Buy: Report

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Coinbase’s institutional trading wing handled electric car-maker Tesla’s $1.5 billion bitcoin investment earlier this month, according to The Block. The report illustrates Coinbase’s growing role as corporate America marches deeper into crypto. Coinbase handled MicroStrategy’s early allocations and The Block reported it has five Fortune 500 firms as clients. CoinDesk could not independently confirm the report at press time Wednesday. Coinbase declined to comment. Source

Price analysis 2/17: BTC, ETH, DOT, ADA, XRP, BNB, LTC, BCH, LINK, XLM

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Bitcoin price has posted all-time high today and that may pull select altcoins higher. Bitcoin (BTC) is gradually gaining ground on gold, the traditional store of value. Data shows that one ounce of gold can only buy 0.0352 Bitcoin as of Feb. 17, the lowest amount of BTC eve. This shows that Bitcoin has been rewarding its investors much more than gold.  Bitcoin has massively outperformed gold over various time frames. Even if the latest one-year data is considered, Bitcoin’s risk-adjusted return is 270% while gold’s is only 24% as…

The show Musk go on? Experts answer

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While 2020 was a significant year for Bitcoin (BTC), the just-begun year of 2021 is already full of great surprises. On Feb. 8, Bitcoin’s price jumped by almost $3,000 in minutes, then it surged 20% in 24 hours — all due to the news of Elon Musk’s Tesla allocating $1.5 billion of its balance sheet to BTC.  The same week, the oldest bank in the United States, Bank of New York Mellon, announced plans to hold, transfer and issue Bitcoin. Mastercard is also planning to support cryptocurrencies in 2021 for…

Automated Crypto Investing App Coinseed Faces Fraud Charges In NY, SEC Suits

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Coinseed Inc, an automated crypto investing app, is facing allegations of defrauding investors and breaking U.S. registration laws in a pair of legal actions brought Wednesday by the U.S. Securities Exchange Commission and the State of New York. The app-based service bilked investors of $1 million through hidden fees, false claims and a flopped token, New York Attorney General Letitia James alleged in her state’s suit. She charged Coinseed, which did not have a BitLicense or federal clearance, with running an unregulated securities and commodities trading shop. James said she…

Cathie Wood JUST Warned of Coming Market Crash | Bitcoin & Inflation.

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