Bitcoin entrepreneur Brock Pierce says craze is 'watershed moment' for cryptocurrency

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin Foundation chairman, philanthropist and former child actor Brock Pierce weighs in on the bitcoin craze amid new adoption from major banks. #FoxBusiness Subscribe to Fox Business! Watch more Fox Business Video: Watch Fox Business Network Live: FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the…

‘In Terms of Dollars Bitcoin Is Going to Infinity,’ Says Kraken CEO – Markets and Prices Bitcoin News

While bitcoin prices have been coasting along between $46k to $48k during the last three days a number of proponents are still bullish about the crypto asset’s long-term value. On Thursday, Kraken CEO Jesse Powell said that he thinks bitcoin could easily reach a million-dollar valuation per coin. “When you measure it in terms of dollars, you have to think it’s going to infinity,” Powell insists. Bitcoin to Infinity and Beyond During the last few weeks as bitcoin (BTC) prices saw a climactic rise above the $58k handle a number…

‘The Fed Is Trapped’- Erratic Bond Markets, Exhausted Supplies, Analyst Says Tsunami of Treasury Issuances Underway – Economics Bitcoin News

The U.S. Federal Reserve is in a predicament as fiscal deficits erode the American economy and the nation is seeing a spike in benchmark 10-year Treasury yields. Meanwhile, Federal Reserve Chairman Jerome Powell expressed zero worries about inflation during an interview at a Wall Street Journal Jobs Summit on Thursday. Powell didn’t explain when the easy-money policies would end and after his commentary, U.S. bonds and stocks saw a massive sell-off. The US Fed Juggles Shaky Treasury Yields and Easy-Money Policies On March 3, 2021, Reuters reported on how the…

Coinbase Suspends XRP Trading, Ripple’s Fall Could Be Good For Bitcoin

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io A broad sell-off in cryptocurrencies was led by XRP Tuesday as Coinbase announced it would suspend trading of the Ripple-affiliated token amid trouble with the U.S. Securities Exchange Commission. This could nevertheless be good news for bitcoin, according to ARK Invest Analyst Yassine Elmadra. #cryptocurrency #digitalfinance #finance Subscribe to CoinDesk on YouTube: Site: Twitter: LinkedIn: Instagram: Facebook: Newsletters: CoinDesk Podcast Network: spotify:show:2jyIhkvAQhed8AWDZiPpSP Markets Daily Crypto Roundup: spotify:show:7sDXM8BlxsUqzL2IqmLqwE CoinDesk is the leading digital media, events and information services company for the crypto asset…

North America’s First Bitcoin ETF Now Holds Over 11,000 BTC – Markets and Prices Bitcoin News

The first bitcoin exchange-traded fund (ETF) in North America now holds over 11,000 bitcoins. Purpose Bitcoin ETF saw strong interest at launch. An ETF researcher explained that the surge in interest was evidence of some combination of pent-up demand, the price of bitcoin, and investors switching from other means of getting cryptocurrency exposure. First North American Bitcoin ETF Holding More Than 11K Bitcoins The first approved bitcoin exchange-traded fund (ETF) in North America, Purpose Bitcoin ETF, is holding 11,141.2363 bitcoins as of March 2. According to Purpose Investments, which manages…

TRON Ushers in Prediction Markets after Partnering with Prosper

Iva Wisher, Prosper co-founder, notes that the partnership with TRON represents a milestone in Prosper’s efforts to “collaborate with the biggest players of the DeFi world.” TRON users will soon access cross-chain prediction markets and hedging on the platform’s burgeoning DeFi ecosystem, according to a March 3rd release announcing a partnership with Prosper, a non-custodial, cross-chain platform. TRON, already one of the world’s largest and most popular blockchain-based operating systems, is enjoying a rapidly-expanding DeFi ecosystem, leading founder Justin Sun to emphasize a mantra of being “all in on DeFi”…

Crypto Markets Regain Billions, Bitcoin Price Bounces Back 15%, Analyst Says ‘Resurgent Mood In the Air’ – Market Updates Bitcoin News

The price of bitcoin and a number of digital assets saw significant gains on Monday, as the entire market capitalization of the crypto economy has gained 2.4% in the last 24 hours. Bitcoin’s value passed the psychological $50k zone after hitting a low of $43,021 the day prior on Sunday. Bitcoin (BTC) touched a high on Monday, March 1, at $50,244 per unit at around 7:26 p.m. (ET). At the time of publication, BTC’s overall market valuation is around $926 billion and there’s $22.83 billion in global trade volume. The…

Dow Futures Shoot 300 Points over Drop in Treasury Yields, European & Asian Markets Follow

Stock markets worldwide reacted positively to the drop in the 10-year US Treasury Yield as well as the $1.9 trillion stimulus package approved by the House. The month of March has kickstarted on a good note as the US stock market surged sharply during the early trading hours. This comes on the backdrop of Treasury Yields retreating from their highs last week. The 10-year Treasury Yield dropped to 1.4290% with Dow Futures (DJIA F) surging 334 points sharps. Similarly, other indices like the Nasdaq 100 futures and the S&P 500…

JPMorgan Says Investors Can Put 1% of Their Portfolios in Bitcoin Despite Calling It a Poor Hedge – Markets and Prices Bitcoin News

After saying that cryptocurrencies “rank as the poorest hedge for major drawdowns in equities, with questionable diversification benefits,” JPMorgan says investors can put 1% of their portfolios in cryptocurrencies. This can help “achieve any efficiency gain in the overall risk-adjusted returns of the portfolio,” the firm’s strategists explained. Investors Can Allocate 1% of Portfolios to Bitcoin, Says JPMorgan JPMorgan Chase now sees benefits in adding a small percentage of bitcoin to a multi-asset portfolio. The firm’s global head of research, Joyce Chang, and vice president of strategic research, Amy Ho,…

Nigerian Vice President Yemi Osinbajo Contradicts Central Bank, Says Cryptocurrencies Must Regulated and Not Prohibited – Emerging Markets Bitcoin News

In an apparent rebuke of the Central Bank of Nigeria (CBN), the Vice President of Nigeria Yemi Osinbajo says the country’s monetary authorities must consider regulating crypto assets. He adds that instead of “killing the goose that might lay the golden egg”, Nigerian monetary authorities must consider providing a “robust regulatory regime” that addresses their concerns. The Importance of Disruptive Technologies Still, in his address at a Bankers Committee meeting, Osinbajo says “he fully appreciates the position” that has been articulated by the CBN. Since the CBN prohibition went into…