According to many experts, Bitcoin’s renewed upward trajectory could quickly lead to a much-anticipated breakout over the $20,000 line. Matthew Dibb, COO at Stack Funds, said that, “We have witnessed a large move up over the weekend, with MicroStrategy’s efforts…
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JPMorgan Predicts $600 Billion Bitcoin Demand
The Bank said that even 1 percent of major financial firms’ asset allocation would result in BTC demand of $0.6 trillion. In a research report, JPMorgan Chase, one of the largest investment banks in the world, mentioned that the recent…
Bitcoin Prices Surge as ADA Predict a 30% Change with Network Upgrade.
Bitcoin’s latest price rise may be at least partially due to Chinese miners trying to trade their crypto for money in the face of a government crackdown on local exchanges, culminating in a supply shortage. “The lack of supply has…
Former PBoC Head: China has no Plans to Replace the US Dollar
A former People’s Bank of China governor has said that the country has no intention to replace the US dollar with the digital Yuan it’s working on. The former PBoC governor and current head of the Chinese Finance Association, said…
FinCEN Allows Banks to Exchange Customer Information
Financial firms, ranging from banks to cryptocurrency exchanges, are urged by a U.S. body that battles financial fraud to share consumer data to catch wrongdoers. A fact sheet was released Thursday by the Financial Crimes Enforcement Network (FinCEN), a Treasury…
WILL Machines Max Out The 100 Megawatt Montana Facility? Marathon Purchases 10,000 Bitcoin Miners
Marathon Patent Company, Inc. (NASDAQ: MARA) has once again collaborated with Bitmain to buy another 10,000 bitcoin miners for the application-specific integrated circuit (ASIC). Marathon also noted that in addition to the recent acquisition, it is still expanding its activities…
MassMutual Buys $100M in Bitcoin, Bets on Institutional Adoption With $5M NYDIG Stake
With a $100 million stake in bitcoin and a $5 million share in shares in NYDIG, Massachusetts Mutual Life Insurance Co. is getting into the institutional bitcoin game. MassMutual, which has been operating since 1851, has poured cash into the…
Ray Dalio: Bitcoin has a place in Investors Portfolio
Bridgewater Associates, and the founder of the world’s largest hedge fund, Ray Dalio, gave a more optimistic outlook on bitcoin than his remarks that made headlines last month. He compared Bitcoin to gold and said that as a store of…
The Crypto-token from Apple Co-founder Steve Wozniak is taking off, but you can’t purchase it in the US
Steve Wozniak, the co-founder of Apple, is crypto-going. Wozniak unveiled his new company Efforce on Friday, a blockchain-based “energy efficiency market” for eco-friendly business ventures for crowdfunding. “Wozniak, who is co-founder but not CEO of Efforce, said in a press…
Whale Action is Behind BTC’s Sudden Drop in Price?
On Dec. 8, at around 06:00 UTC, the world’s first cryptocurrency price dropped from $18,770 to about $18,031. After that, by press time, it retraced marginally to $18,200. Since the bellwether cryptocurrency hit an all-time peak of about $19,920, per…