Cryptocurrency asset manager Grayscale has a new buyer of shares in its Grayscale Bitcoin Trust (GBTC) — its owner. In a press release on March 10, Grayscale parent company Digital Currency Group (DCG) announced plans to purchase up to $250 million of GBTC shares. GBTC to buy “up to $250 million” in shares The move, which comes amid volatile conditions for GBTC, follows plans to hire specialists in the exchange-traded fund (ETF) sphere, signaling a potential diversification by the company. According to the press release, DCG “has authorized the purchase…
Day: March 10, 2021
Bitcoin Bull Cross That Last Sent Prices Up 74% Appears Again
A textbook bullish indicator whose last appearance in mid-February contributed to Bitcoin’s price rise to its record high has flashed again. Dubbed as MACD Bull Cross, the signal develops when the output of the difference between an asset’s 26-period and 12-period exponential coverage surges above its 9-period exponential moving average known as a signal line. Traders interpret the crossover as a sign of the asset’s potential price rise. Bitcoin confirmed the MACD Bull Cross on its one-day timeframe this Tuesday. Market analytics portal TradingShot highlighted the crossover’s ability to extend…
Twitter Suspends Accounts of Crypto Influencers | Coinspeaker
According to the Twitter policy, account security at risk and abusive tweets are part of the reasons an account can get suspended. Twitter Inc (NYSE: TWTR) has been exposed to suspending the accounts of some selected prominent crypto influencers in the early hours of Wednesday. According to the report, this was done with no clear reason as the social media giant has not released any public statement to clarify the report. This has been a serious cause for concern as a similar attack on crypto-related ads in 2018 forced the…
Coinomize Keeps your Bitcoin Transactions Private
Bitcoin – the innovation of the last decade. A little shy at the beginning, but growing stronger by the year. And now we’re talking about a cryptocurrency that hit $1.7 trillion in market cap. It started as a financial rebellion that did not get much attention from governments. However, now that people became tired of the traditional economic system’s inconsistency, things have changed. Because more people became aware of blockchain technology’s power and joined the movement, Bitcoin finally caught the institutions’ attention and is ready to overcome fiat. Now, if…
Bitcoin price focuses on $55K as bulls ignore a surging US dollar
Bitcoin (BTC) challenged levels within 10% of all-time highs on March 10 as strength in the U.S. dollar failed to dent the bullish trend. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview $56,000 resistance is next BTC price hurdle Data from Cointelegraph Markets and Tradingview tracked a comeback from an overnight correction for BTC/USD on Wednesday, with the pair targeting $55,000. After hitting two-week highs of $54,500 the previous day, Bitcoin improved on its performance to hit $55,700 before encountering a strong band of resistance and heading lower. The latest resurgence underscores…
Ripple and Youtube Settle Lawsuit over XRP Scam Videos
Garlinghouse announced that Ripple and Youtube have settled and would be working hand in hand “to prevent, detect and take down these scams”. Ripple has been able to successfully see the end of one of the many lawsuits it is in as its CEO Brad Garlinghouse has announced that the crypto company has settled its case with YouTube. The San Francisco-based company had filed a lawsuit against the video-sharing platform over allowing scammers to upload clips of Garlinghouse to promote various crypto scams. Social platforms are starting to acknowledge their…
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ZM Stock Up 10% on Tuesday as Zoom CEO Eric Yuan Transfers $6B Worth of Shares
After a slump during the weekend, Zoom (ZM) stock is back to winning ways. A transfer of 18 million shares on Friday by Zoom Video Communications Inc (NASDAQ: ZM) founder Eric Yuan is set to raise a few browses. At least until the recipients of the shares are disclosed. The shares at closing time on Friday were valued at $6 billion. According to the Wall Street Journal, the shares are from two trusts for which Mr. Yuan and his wife are co-trustees. And were recorded as two gifts of nearly…
Coinbase Pro Announces Support for Polygon (MATIC), Skale (SKL), SushiSwap (SUSHI)
Coinbase Pro is one of the leading trading platforms in the United States and its support of Polygon, Skale, and SushiSwap makes a credible case for the growing strides of DeFi in the crypto sphere. Coinbase Pro has announced its support for three new digital assets including Polygon (MATIC), an Ethereum-based token that powers the Polygon Network, Skale (SKL), a leaderless consensus protocol, and SushiSwap (SUSHI), a decentralized exchange and automated market maker. According to the official blog post shared by the company, users can start transferring the tokens ahead…
South Korean Shinhan Bank pilots digital currency platform with LG CNS
Major South Korean commercial bank Shinhan Bank is looking to collaborate with the country’s central bank on developing a national digital currency. Shinhan Bank has developed a blockchain-based pilot platform for a central bank digital currency, or CBDC, in partnership with LG Corporation’s IT services arm LG CNS, South Korean news agency Yonhap reports Monday. Shinhan Bank and LG CNS created a virtual CBDC model where the Bank of Korea issues a CBDC, while other banking institutions like Shinhan Bank act as financial intermediaries. The bank emphasized that CBDC intermediaries…