The value of the firm’s Bitcoin trust is now lower than the Bitcoin, which is the underlying asset itself, indicating a drastic fall in the Trust’s demand. At present, the Grayscale Trust (GBTC) Trust now trades at -12.0%, contrary to the expectation of trading at a positive premium. One of the possible reasons for the…
One of the famous billionaires of the world, Mark Cuban, who is also a known celebrity from a TV show called Shark Tank, thinks that given the present circumstances Bitcoin is superior to Gold. Cuban mocked known golf fanatic, Peter Schiff by suggesting that the days of gold are over and it is time for…
Bitcoin and Ethereum whales have recently been getting ready for a revived cryptocurrency market rally, grabbing the maximum amount of each crypto asset’s overall supply as they can before costs increase close to the future. Santiment praises Bitcoin, says its value will increase Crypto analytics firm Santiment, which is also Bitcoin’s largest holder, had stated…
The infamous Plan B which developed Bitcoin variable program called “stock-to-flow” or which is widely also known as “S2F”, suggests that Bitcoin is going to elevate above the S2F model. Says that the value of Bitcoin will increase by at least 26% till the end of 2021 making it US$ 288,000 per coin. S2F is…
The combined study of Bitstamp and Arcane Research finds Bitcoin world’s greatest portable asset during the end quarter of 2020. The study reveals that because of its “portability”, Bitcoin is being overwhelmingly used as a collateral asset. Breaking records and achieving milestones for Bitcoin is as easy as pie. Recently, Bitcoin has been labelled as…
In less than 24 hours’ time the entire crypto industry got to see increased gains @ 2.4% on Monday, 1st March, 2021 which significantly increased crypto market capital further. Bitcoin again led the industry as it easily passed the US$ 50,000 critical value barrier. After taking a nosedive, Bitcoin retreated back with the help of…
There has been a dramatic rebound and a subsequent erasure of a large portion of the BTC/USD exchange rate this past week. Nevertheless, the most recent session, which was held on Sunday, managed to be closed just above $45,000, which itself is a level that many would consider has fallen within the supporting area that…
A Court in Spain orders probe on the complaint of a user of a crypto trading platform called Bittrex, whose 1.3 Bitcoin worth US$ 58,000 have been stolen. The Court was of the view that the victim’s lost Bitcoins may be caused due to a possible computer fraud. The police have been directed to complete…
Even though Bitcoin was designed as a peer-to-peer payments system, it is safe to say the digital asset has ticked more boxes in the financial system than it was designed for. Nowadays, we have seen new firms and investments buying up a huge chunk of the asset as a hedge against inflation or holding it…
People are excited about the new wave of cryptocurrency, but some are worried about hyperbitcoinization. The memes are going crazy over how people who own bitcoins are going to pseudo aristocrats in the foreseeable future. They will be a dominating force in the currency world. A tweet sarcastically mentioned that the hype is as such…
An enormous whale is in the spotlight after transferring Bitcoins worth almost half a billion to Coinbase in a singular transaction. Whale Alert, which is an automated tool used for surveilling blockchain, detected this huge Bitcoin transfer. $26 Fee for Transferring $400 million? The whale who was involved in this transaction transferred a sum of…
An analyst from Zabo, Christopher Brown, says that Decentralized finance might have an interesting model which would help in driving innovation in the fintech and banking industry due to the rise in the use of cryptocurrencies. The Emergence of Fintech 2020 was a great year for the fintech industry, and there is no denying that….
Charlie Munger, Vice Chairman of Berkshire Hathaway advised that investors should refrain from purchasing Gold as well as Bitcoin. Says while crypto is immensely volatile yet the Gold investment would be seriously impacted by upcoming inflation. Charlie Munger is regarded as a living legend in the field of investment. His opinions and analysis are not…
Mistakes in the crypto sector as regards transfers of the coin are something that people are advised against. Some months ago, a Reddit user took social media to announce how he mistakenly paid a huge amount for the transfer fee. While that one was something to think about, a man said that he mistakenly sent…
The cryptocurrency space boom has continued to lead many crypto servicing firms into several innovations and product offerings as the market continues to get more popular in public. However, many traditional banks and financial institutions are also not left out, as they have also started to introduce cryptocurrency-tailored services to their offerings. Most of the…
Coinbase, as a crypto exchange operator, has just revealed that it is holding bitcoins and other crypto-assets since 2012 as an investment on its balance sheet. In a recent blog post, Coinbase, a United States crypto exchange operator has revealed, that crypto-assets like bitcoin BTC has been a major source of corporate treasury and investment…
The growing fortunes of Bitcoin continue to headline all the discussions of the cryptocurrency market. The cryptocurrency is the most popular and the largest by market capitalization amongst every other digital asset, as it boasts $1 trillion of the overall $2 trillion worth of the cryptocurrency market. The cryptocurrency, which had witnessed several ATH price…
In recent times, Bitcoin’s astonishing value hike to a huge $1 trillion has left many people shocked and surprised since Bitcoin’s price rose up by 350% and reached its all-time high of about $58k before plummeting back to less than $50k on Monday. Bank of Boston’s President has shown his utter surprise at the success…
Bitcoin’s number one rival cryptocurrencyEthereum (ETH) manages to break its past records at the end of last week. US’s largest bank, JPMorgan is of the view that there is an alarming reduction in Bitcoin’s liquidity from the market. Says that the rally might be upset because reduced liquidity may challenge Bitcoin’s surge. It has been…
The digital asset space, which has been accumulating gains for weeks now, finally sees some significant price corrections. The price corrections are healthy, especially for an asset class like cryptocurrencies that appreciate at an alarming rate. The whole industry was affected by the dip, creating an opportunity for new investors to buy the assets more…
