Day: August 17, 2022

Houston Texans becomes first NFL team to sell game suite with crypto

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National Football League (NFL) team Houston Texans has become the first organization in the league to sell single-game suites in exchange for crypto. The move comes as part of a deal with Texas-based crypto firm bitWallet, which as of Aug. 16 became the official crypto wallet provider for the team. bitWallet will also provide intermediary services by exchanging crypto for cash for the Houston Texans. According to an announcement from the Houston Texans, local digital marketing agency EWR Digital made the first single-game suite purchasing using crypto shortly after the…

Former Goldman Sachs banker explains why Wall Street gets Bitcoin wrong

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John Haar, a former asset manager at financial institution Goldman Sachs believes the lack of support from โ€œlegacy financeโ€ for Bitcoin stems from a poor understanding of the cryptocurrency.ย  Haarโ€™s views were expressed in an essayย on Aug. 14, which was originally sent to private clients of Bitcoin brokerage platform Swan Bitcoin. Haar previously spent 13 years at Wall Street asset management giant Goldman Sachs, before joining Swan Bitcoin as managing director of Private Client Services in April 2022.ย  The essay explains that not only do people in โ€œlegacy financeโ€ fail…

Ethereum Price Rejected At The $2,000 Level, Will It Retrace To $1,700 Soon?

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Ethereum price has retraced over the past few days, in the last 24 hours the coin depreciated 2%. The current price action pointed towards consolidation. In the past trading sessions, ETH has retraced beneath the $1,900 price mark. Continued consolidation for Ethereum has now pushed Ethereum price close to $1,800. In case the king altcoin is unable to break past the $1,800 level, it would be targeting the next support level for the coin. Technical outlook had turned bearish as the coin was mainly consolidating causing a loss of value.…

Google invested a whopping $1.5B into blockchain companies since September

Google parent company Alphabet poured the most amount of capital into the blockchain industry compared to any other public company, investing $1.5 billion between Sep. 2021 and Jun. 2022, a new report shows.ย  In an updated blog published by Blockdata on Aug. 17, Alphabet (Google) was revealed as the investor with the deepest pockets compared to the top 40 public corporations investing in blockchain and crypto companies during the period. The company invested $1.5 billion into the space, concentrating on four blockchain companies including digital asset custody platform Fireblocks, Web3…

Polygon Seen Breaching $1 This Week โ€“ Can MATIC Start An Uptrend?

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Polygon (MATIC) seems to have its vigor back with it potentially breaching $1 in the coming days. Polygon price is seen to generate massive gains at 108% MATIC price shoots close to a critical level that bulls are eyeing to test Set your eye on this critical level to catch the uptrend MATIC price is moving extremely bullish and could squeeze pushing the price above $1 setting the stage for a huge uptrend that could potentially double the coinโ€™s price to $2. With that being said, MATIC is set to…

‘Big Short’ Investor Michael Burry Dumps All Stocks but One After Predicting Market Crash โ€“ Featured Bitcoin News

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Hedge fund manager Michael Burryโ€™s Scion Asset Management dumped all but one of its stock holdings in the second quarter, according to the firmโ€™s filing with the U.S. Securities and Exchange Commission (SEC). Burry, famed for forecasting the 2008 financial crisis, has predicted a stock market crash, warning that winter is coming. Michael Burry Sells All Stocks but One Michael Burryโ€™s investment firm Scion Asset Management dumped all of its stock holdings except one in the second quarter, the companyโ€™s disclosure filing with the U.S. Securities and Exchange Commission (SEC)…

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Crypto Canโ€™t Shake the Correlation Narrative; BTC, ETH Sink but Meme Coins Rise

โ€œCrypto, on the other hand, doesnโ€™t have the same valuation metrics. Itโ€™s still in its infancy and so are its valuation models,โ€ he said to CoinDesk via email. โ€œThat ambiguity, with respect to valuations, is what allowed for investors to justify chasing prices higher. If Iโ€™m right on that, then I would expect the volatility in crypto to outlast the volatility in equities, something you donโ€™t want if youโ€™re seeking a safe haven.โ€ Source

New Bitcoin and Cryptocurrency Bill – Tax Free Transactions | Explained

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