Two surprising topics are currently more pressing to BlackRock’s institutional clients than Bitcoin

Advertisement &  &  Institutions exhilarated to dabble with cryptocurrencies, but not enough to go all in. The continuous Bitcoin purchases from institutions are enough to place one under the impression that interest rates from these firms have hit the roof, but BlackRock’s Larry Fink finds that to be misleading to a large extent. His reason… Continue reading Two surprising topics are currently more pressing to BlackRock’s institutional clients than Bitcoin

Coinbase Successfully Becomes First Major Bitcoin-Focused Company To Test The U.S. Public Market

Advertisement &  &  Coinbase, one of the biggest and most successful cryptocurrency exchanges in the world, made its trading debut on the NASDAQ on April 14, 2021. This marked one of the first-ever instances of a crypto exchange’s shares being listed on the U.S. public market, and this is a sign of the growing acceptance… Continue reading Coinbase Successfully Becomes First Major Bitcoin-Focused Company To Test The U.S. Public Market

Three Reasons Why The U.S Could Be Getting A Bitcoin ETF This Year

Advertisement &  &  The Bitcoin trend has been gaining massive mainstream attention with some prominent personages coming out as proponents, advocating for more pronounced public adoption of the cryptocurrency. While a lot of people have added BTC to their portfolios, some investors, however attractive the bullish patterns of the asset have been, are skeptical about… Continue reading Three Reasons Why The U.S Could Be Getting A Bitcoin ETF This Year

Why Bitcoin below $60K could be a great buying opportunity

Bitcoin seems to be losing steam as it trades back and forth between $59,000 and $60,000. In the daily chart, BTC is moving sideways (0.3%) after a week with modest gains of 4.9%. BTC moving sideways in the daily chart. Source: BTCUSD Tradingview Trader Josh Rager has set support for BTC at $59,000. Holding this… Continue reading Why Bitcoin below $60K could be a great buying opportunity

This $17 Billion Hedge Fund Is Holding Bitcoin With Coinbase

Advertisement &  &  New York-based hedge fund Third Point Management is the latest multi-billion dollar firm to reveal it has delved into the cryptocurrency industry. According to its latest filings with the securities regulator, it holds a significant amount of crypto on Coinbase. Founded by billionaire investor Daniel Loeb, Third Point currently holds crypto from… Continue reading This $17 Billion Hedge Fund Is Holding Bitcoin With Coinbase

Why Bitcoin could favor USD dominance over Digital Yuan

Contrary to what many in the crypto space are discussing, Senior Commodity Strategist for Bloomberg, Mike McGlone, has made the case for Bitcoin being beneficial for the U.S. dollar over China’s digital Yuan. According to McGlone, the cryptocurrency is “eclipsing” Yuan’s global adoption. Specifically, the U.S. dollar is showing “organic adoption” in the digital ecosystem,… Continue reading Why Bitcoin could favor USD dominance over Digital Yuan

It Would Be Foolish For The US Government To Ban Bitcoin, SEC’s Hester Peirce Says

Advertisement &  &  “Crypto Mom” Hester Peirce has recently spoken out against the U.S government, as conversations centered around the possibility of the government implementing a ban heightens. Speaking on the ‘MarketWatch Investing in Cryptocurrency event series‘, “I think we were past that point very early on because you’d have to shut down the internet.… Continue reading It Would Be Foolish For The US Government To Ban Bitcoin, SEC’s Hester Peirce Says

Why JP Morgan’s CEO calls Bitcoin regulation a “serious issue”

In his annual letter to his shareholders, J.P. Morgan Chairman and CEO Jamie Dimon addressed the status of regulations towards Bitcoin and cryptocurrencies in the United States. At the beginning of the letter, Dimon calls 2020 a “strong” year for the banking institution in spite of the pandemic Covid-19. Dimon seems to have changed his… Continue reading Why JP Morgan’s CEO calls Bitcoin regulation a “serious issue”

This is why Coinbase $1.8B Q1 earnings are bullish for Bitcoin

Within a week of its IPO, Bitcoin and crypto exchange Coinbase has generated great hype. Its earnings report for Q1 2021 could have an impact that will be felt throughout the crypto market. Coinbase Will go public on April 14th, after some controversy. The exchange’s estimated valuation sits at $100 billion and will resale up… Continue reading This is why Coinbase $1.8B Q1 earnings are bullish for Bitcoin

Grayscale Wants To Convert GBTC Into A Bitcoin ETF

Advertisement &  &  The world’s largest asset management firm Grayscale, revealed in a blog post today that it is planning to convert its $34 billion Bitcoin Trust Fund (GBTC) into an exchange-traded fund (ETF). Grayscale is “100% Committed” To Converting Its GBTC To An ETF Pending Regulatory Approval Grayscale filed for a bitcoin ETF back… Continue reading Grayscale Wants To Convert GBTC Into A Bitcoin ETF