Day: February 26, 2021

Kraken in Talks to Raise New Funds to Hit Over $10 Billion Valuation

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Kraken also mentioned the company’s plans to support technologies such as AI, machine and deep learning, and cybersecurity. Reports have revealed that Kraken, one of the biggest US-based cryptocurrency exchanges, is on the lookout to multiply the valuation of the company to over 10 billion dollars. As per a reliable source, Kraken’s plans for a funding round could see the company surge to an approximate value of over 20 billion dollars as demands grow high. Bloomberg published a report citing many unknown sources that give detailed information about Kraken’s new…

Grayscale Bitcoin Trust (GBTC) Is Trading at a 3.77% Discount

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In brief: Grayscale Bitcoin Trust (GBTC) closed yesterday at a 3.77% discount A discounted GBTC could point towards bearish Bitcoin sentiment amongst institutional investors Bitcoin dipped to the $44k support zone and could be headed lower with the weekly/monthly close The Grayscale Bitcoin Trust (GBTC) closed trading yesterday, February 25th, at a 3.77% discount. The team at Glassnode highlighted this event and shared it via the following tweet which includes an accompanying chart demonstrating the discounted value of GBTC. $GBTC closed at a -3.77% discount yesterday. #Bitcoin Chart: https://t.co/Qc0vs7I9e3 pic.twitter.com/PsQEBqHH2L…

CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, DEFI News, RIPPLE News

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, DEFI News, RIPPLE News Bitcoin remains in jeopardy, why $ 38,000 is the key to a new surge The bitcoin price is struggling to gain traction above $ 37,500 and $ 37,800 against the US dollar. After a decent close above $ 35,000, the bitcoin price started a new upward movement. The price even climbed above the $ 37,000 level and stalled above the 100-hour simple moving average. However, the price is still facing strong…

Crypto Exchange Sells Thousands of Bitcoin for $6,000 Each Amid Surge in Market Volatility: Report

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The Philippine Digital Asset Exchange (PDAX) is recovering from a glitch that enabled some users to buy Bitcoin for about $6,000 per coin. It happened during a volatile stretch on February 16th as the price of BTC was dropping, reports the Philippines-based media outlet BitPinas. At the time, users also reported experiencing discrepancies in their digital accounts. In response, PDAX shut its system down for nearly 36 hours. Some users say they remain locked out of their accounts and unable to trade, although the exchange says at least 95% of…

HUGE WARNING HERE!!!! Bitcoin Analysis February 2021

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Sign Up For A Free Webinar And Get Free Weekly Email Updates Here: ———————————————————————————————————- Join The Thriving Community Channels! ———————————————————————————————————- Telegram Discussion ~ Telegram Alerts ~ Discord ~ Spread the word about Bitcoin and look good doing it by clicking the link above! What are your thoughts on what we analyzed today? Please feel free to leave a comment below and you’ll get entry into the giveaway! Thank you all so much for watching the video. If you enjoyed the video, please…

Bitcoin needs clear regulations to be less volatile, Bridgewater analyst says

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A senior analyst at asset management firm Bridgewater believes that regulation could potentially make Bitcoin (BTC) a good asset for institutional investors. Bridgewater director of investment research Rebecca Patterson claimed that regulatory certainty around Bitcoin would solve some of the cryptocurrency’s biggest problems associated with high volatility and low liquidity. In a Feb. 24 interview with Bloomberg, Patterson said that issues like volatility and liquidity remain the main hurdles for Bridgewater’s potential move into Bitcoin. “Right now Bitcoin can move 10% on a tweet, that’s not exactly a store of…

FATF updates guidance on crypto service providers, calls for public comments

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The Financial Action Task Force says it is set to publish an update to its guidelines on cryptocurrencies and virtual asset service providers; a catch-all term including exchanges, wallet providers, and custody platforms, among others. This updated document will also be made available for public consultation from key stakeholders. According to a circular issued by the FATF on Thursday, the decision to update its guidance on VASPs was the result of the organization’s three-day plenary session. As part of its announcement, the intergovernmental that focuses on policies aimed at combating…

$97B retail firm uses IBM blockchain to track food supply

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IBM’s food-tracking blockchain technology will be used by the Carrefour multinational retail firm to track food supply lines from the farm to the store. An agreement between Majid Al Futtaim — the firm that operates Carrefour in the Middle East — and IBM will see the retail giant use the IBM Food Trust initially to track two food categories: chicken and microgreens. The IBM Food Trust is a blockchain-specific platform designed for the food industry, hosted on the IBM Cloud. Carrefour, which recorded $97 billion in revenue in 2019, will…

Bitcoin Investment Strategy

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin Investment Strategy The New Black Wall Street The Black Bazaar: The Black Billionaires Club: ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Coinbase S1-Filing with US SEC for Direct Stock Listing Goes Public

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In the S-1 filing, Coinbase has made crucial disclosures to the public with its plans of launching direct stock listing on Nasdaq. As per its recent valuations, Coinbase pegs a value of over $100 billion. Crypto exchange Coinbase is inching closer to its direct stock listing on Nasdaq. On Thursday, February 25, Coinbase submitted its S-1 filing with the US Securities and Exchange Commission (SEC), thereby making it public for the first time. The recent submission is a crucial step for Coinbase’s direct stock listing on Nasdaq. The S1 filing…