Day: March 18, 2021

Crypto hedge funds see big returns as bitcoin boom gains steam: CNBC After Hours

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CNBC.com’s Pippa Stevens brings you the day’s top business news headlines. On today’s show, CNBC’s Ylan Mui reports that several Democrats are pitching proposals for the next big stimulus bill, even as the current $1.9 trillion package moves through Congress. Plus, CNBC’s Leslie Picker breaks down the rise of crypto hedge funds, and how they’re playing bitcoin’s big boom. 0:00 — Intro 0:32 — Wall Street Scoreboard 1:31 — The Next Stimulus Bill 3:52 — CNBC Soundcheck 5:25 — Crypto Hedge Funds…

Stock Exchange SIX Aims to List Bitcoin on SDX, Crypto Trading Platform to Launch This Summer – Finance Bitcoin News

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On March 17, a report detailed that the digital exchange being developed by Switzerland’s principal stock exchange SIX is preparing to launch by the summer of 2021. The exchange called SIX Digital Exchange (SDX) reportedly will also offer bitcoin, alongside the possibility of non-fungible token (NFT) assets like tokenized works of art. SIX to Launch SDX by the Summer, Bitcoin to be Listed on the SIX Digital Exchange The exchange SIX based in Zurich is Switzerland’s most popular stock exchange that allows people to trade stock options, derivatives, Swiss government…

Fed Chairman Jerome Powell Says No Rates Hike Soon, Bitcoin (BTC) Jumps Back to $59K but Is at $55K Again

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The Fed chairman said that it will continue with its monetary easing policy through 2023 with no major hikes in interest rates. BTC price gained 6% post Powell’s comments. Giving a brief of the US Economic Outlook on Wednesday, March 17, Federal Reserve Chairman Jerome Powell said that they would be continuing with zero-interest rates at least through 2023. Powell’s statements offered a major confidence boost to the market. The near zero-interest rates will also allow corporates to borrow more money and continue with their expansions. The US Central Bank…

Buyer of Beeple’s $69M NFT on Christie’s discloses identity

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The mysterious buyer of the world’s most expensive non-fungible token “Everydays: The First 5000 Days” by Beeple, has revealed their identity. Metapurse, a global NFT fund whose founder successfully bid and acquired the piece in a Christie’s auction for $69.3 million in early March, penned a blog post Thursday, disclosing the real names and stories of key figures behind the project. According to the announcement, Vignesh Sundaresan is the real name of MetaKovan, the pseudonymous founder of Metapurse and the buyer of the Beeple’s $69 million NFT. Before founding Metapurse,…

Bitcoin ‘better than gold’ if you study it, fund manager tells mainstream media

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Bitcoin (BTC) is superior to gold if investors take the time to study it, says hedge fund manager Anthony Scaramucci. In an interview with CNBC on March 18, Scaramucci, who is CEO of SkyBridge Capital, reinforced his belief in Bitcoin for mainstream audiences. Scaramucci on Bitcoin vs. gold: “The world is changing” With Bitcoin surging in 2021, questions continue to be asked about whether the gains are coming at the expense of gold, which has failed to capitalize on risks associated with global government money printing. Comparing the two assets,…

Banking Giant Morgan Stanley to Offer Its High-Profile Clients Access to Bitcoin Funds

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Sources familiar with the matter said that the banking giant is willing to offer its wealth management exposure to Bitcoin via some products instead of direct ownership. In a first-of-its-kind move, US banking giant Morgan Stanley said it will allow its wealth management clients to gain access to Bitcoin funds. In an internal memo released to its financial advisor on Wednesday, March 17, the banking giant made the announcement. Morgan Stanley is a big name in wealth management with over $4 trillion in assets under management. Thus, the company is…

How can Quantum Computing help Bitcoin Mining?

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Scot Fornshaw, Co-Founder and Lead Developer at Toridion, talks about his view on how Quantum Computing can, or in some cases can’t, help Bitcoin. Toridion: Also see our other videos of the interview: How can you Predict Bitcoin? Are you Scared of AI? Full Interview: Written Interview: Some useful Links: Website: Merchants Page: Reddit: Twitter: Facebook: ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

DIS Stock Down 1%, Disney to Reopen in California on April 30 at Limited Capacity 

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Like most businesses, Disney was hard hit by last year’s lockdown. This led to the loss of jobs for tens of thousands of employees and a loss of revenue. Walt Disney Co (NYSE: DIS) CEO Bob Chapek revealed on Wednesday that Disney’s two California theme-parks are set open on the 30th of April. Meanwhile, DIS stock is 1% down today, trading at $193.05. Florida’s Walt Disney World has been open since July last year and Chapek noted that it is evident the public is eager to return to Disney’s theme…

$93M is All it Takes for Bitcoin (BTC) to Gain by 1%

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In brief: Bitcoin is more sensitive than gold to inflows of fiat According to B0fA, a $93 million injection into Bitcoin would result in a price appreciation of 1% Gold would need $2 Billion to achieve a similar feat Bitcoin’s price action is yet to be overheated on a fundamental level 1% of Stimmy Checks could send Bitcoin to $73k Large fiat investments in Bitcoin have been observed to have a positive impact on the price of BTC. According to a Bank of America strategist, a net inflow of $93…