Month: January 2022

Swiss Bank Seba Predicts Bitcoin Could Hit $75K This Year Boosted by Institutional Investors – Markets and Prices Bitcoin News

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Regulated Swiss bank Seba has predicted that the price of bitcoin could reach $75K this year. “Institutional money will probably drive the price up,” said the bank’s CEO. Seba Bank’s Bitcoin Price Prediction Seba Bank CEO Guido Buehler shared his bank’s prediction on where the price of bitcoin is heading with CNBC at the Crypto Finance Conference in St. Moritz, Switzerland, on Wednesday. Seba Bank is a digital assets banking platform licensed by the Swiss Financial Market Supervisory Authority (FINMA). Regarding the price of bitcoin this year, he said: We…

Financial Guru Dave Ramsey Says Crypto Is ‘Fun,’ Here to Stay, Can Be Part of Portfolios – Featured Bitcoin News

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Financial guru Dave Ramsey says crypto is “fun” and can be a small part of investment portfolios. “It’s a commodity. Is it going to be around? Sure, it’s going to be around,” Ramsey said. Dave Ramsey Now Considers Cryptocurrency a Commodity That Is Here to Stay Personal finance guru and Ramsey Solutions CEO Dave Ramsey discussed bitcoin and his new book titled “Baby Steps Millionaires” in an interview with Maria Bartiromo on Fox Business Tuesday. Bartiromo asked him: “I know that you warned against crypto. You called it a get-rich-quick…

Derivatives are coming to Coinbase, following purchase of FairX

Major U.S. crypto exchange Coinbase, the third largest in the world by 24 hour volume, intends to enter the derivatives trading markets, having acquired the FairX derivatives exchange. FairX is a Designated Contract Market (DCM) derivatives exchange regulated by the Commodity Futures Trading Commission (CFTC). Despite being relatively new to the market, having launched in May 2021, FairX has secured brokerage partnerships with industry leaders TD Ameritrade and E*Trade, along with 18 others. Derivatives trading refers to the trading of various exotic products linked to the future value of  underlying…

Data shows Bitcoin traders’ neutral view ahead of Friday’s $750M BTC options expiry

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Bitcoin (BTC) has bounced 11% from the $39,650 low made on Jan.10 and currently the price is battling with the $44,000 level. There are multiple explanations for the recent weakness, but none of them seem sufficient enough to justify the 42% correction that took place since the Nov. 10 all-time high at $69,000. At the time (Nov. 12), negative remarks from the U.S. Securities and Exchange Commission (SEC) were issued at the rejection of VanEck’s physical Bitcoin exchange-traded fund (ETF). The regulator cited the inability to avoid market manipulation due…

House of Lords Committee Sees ‘No Convincing Case’ for UK CBDC

The Bank of England, in common with central banks of almost every other major economy across the world, is exploring a potential CBDC as a means of addressing the decline in the use of cash, expediting the implementation of monetary policy and future-proofing fiat currencies from the rise in use of privately issued digital currencies. It is set to begin a consultation alongside the Treasury later this year to explore design features, benefits and implications for users. Source

Cash App Set To Bring Bitcoin Lightning Network To Its 36 Million Users

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The Lightning Network has been integrated into Cash App, a peer-to-peer payment service operated by Block, previously Square Inc. The feature allows transactions between parties that aren’t connected to the blockchain network. It was created to address the scalability issues with the flagship cryptocurrency. Bitcoin Lightning Important For Speedy Transactions Block (previously Square), a fintech firm co-founded by former Twitter CEO Jack Dorsey, owns Cash App. The news of the BTC L2 integration was announced as a notification on the official Cash App app, which Crypto Twitter picked up: The…

Fidelity exec says Bitcoin is ‘technically oversold,’ making $40K a ‘pivotal support’

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A painful retracement in the Bitcoin (BTC) market earlier this week sent the price below $40,000 for the first time since September 2021. Many analysts predicted the decline to continue toward the $30,000 to $35,000 range, but the price reclaimed $40,000 as support again and on Wednesday BTC made an abrupt move above $44,000. This rekindled hopes that the $40,000 level is perhaps where Bitcoin may bottom out before continuing its move higher in 2022. Jurrien Timmer, the director of global macro at Fidelity Investments, called $40,000 a “pivotal support,”…

These Crypto Coins Carry The Most Leverage

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Crypto leverage has been high across some particular digital assets in the space. Global open Interest in the space still sits at a reasonable point currently, but some assets boast significantly higher open interest to market cap ratios than others. Thus, this report will be examining the leverage for these assets to see which ones carry elevated leverage. Altcoins Lead In Leverage Bitcoin and ethereum no doubt still command the largest share of the global crypto open interest but when it comes to the percentage of their market cap which…

US Federal Trade Commission Warns Consumers About Falling for Crypto ATM Scam – Regulation Bitcoin News

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The U.S. Federal Trade Commission (FTC) has warned consumers about scams involving cryptocurrency ATMs. “There’s a new spin on scammers asking people to pay with cryptocurrency,” the FTC described. FTC’s Warning About Scams Involving Cryptocurrency ATMs The U.S. Federal Trade Commission (FTC) issued a scam alert involving cryptocurrency ATMs Monday. The consumer notice, posted by Cristina Miranda from the FTC’s division of consumer and business education, states: There’s a new spin on scammers asking people to pay with cryptocurrency. “It involves an impersonator, a QR code, and a trip to…