Bitcoin has scored another win as Morgan Stanley becomes one of the first major American banks to allow its wealthy clients to access Bitcoin. According to the news carried by CNBC, the investment bank told financial advisors in an internal memo on Wednesday that it was opening access to three
Meitu appears to be following the steps of MicroStrategy. The Chinese tech company recently announced another $50 million investment in Bitcoin and Ethereum, bringing the fiat equivalent of its total crypto purchase to $90 million. As reported by BTC PEERS, the Hong Kong and China-listed firm bought 380 BTC for
Ryan Watkins, a senior research analyst at Messari, has predicted that Ethereum could eventually overtake Bitcoin as the largest cryptocurrency in the world once the Eth2 upgrade is complete. Watkins aired his views on a YouTube show, FinTech Today. Although the analyst was not specific on the “if or when”
Tesla’s CEO Elon Musk recently jumped on the NFT train when he offered to sell a song as an NFT. Ironically, his first non-fungible token is a “song about NFTs.” I’m selling this song about NFTs as an NFT pic.twitter.com/B4EZLlesPx — Elon Musk (@elonmusk) March 15,
According to a report from investment bank, JPMorgan, institutional and retail bitcoin flows balanced out in Q1 2021. The banking giant kept track of retail Bitcoin flows going through Square and PayPal. Institutional flows were monitored via CME Group’s bitcoin futures market. While retail investors accumulated 187,000 Bitcoin
Popular mobile payment company Cash App has announced that its users can now send and receive Bitcoin for free. While announcing on Twitter, the Cash App team announced a $1 million giveaway in Bitcoin. You can now instantly send bitcoin to other $cashtags for free, right from your Cash App.
Data from analytics company CryptoQuant shows that the number of Ethereum held on centralized exchanges has dropped to a new low. Since September 2020, the number of Ethereum held on exchanges has gradually declined despite a price rally of more than 400% within the said time frame. The narrative is
Max Keiser, a prominent Bitcoin evangelist and an anchor at Russia Today, believes that Bitcoin could hit $220,000 this year. His speculation is tied to the rising hyperinflation of fiat currencies. According to him, rising inflation would push more investors to Bitcoin. #Bitcoin price is signaling fiat money around
South Korea is tightening its grip on cryptocurrency firms and users in the country. Crypto-based businesses have been given six months to comply with the strict reporting rules or face stiff penalties. According to Korea JoongAng Daily, regulators have amended the financial reporting rules to include cryptocurrencies. What this means
High gas fees are growing to become a major concern in the cryptocurrency space, with users currently spending an average of $20 on Ethereum transactions. DEX aggregator 1inch hopes to tackle this problem in its recently launched version 3 protocol. One of the major highlights of the 1inch Aggregation Protocol
Bitcoin miners are raking in significant profits as mining becomes more profitable than ever. According to crypto data firm Glassnode, miner revenue rose to a new high of $52.3 million per day earlier this week. Glassnode asserts that this is a good thing for Bitcoin, despite the block halving
News
The current centralized finance ecosystem is riddled with many shortcomings and frustrations. While decentralized finance removes those aspects, it will not necessarily replace the existing status quo. Instead, open collaboration between CeFi and DeFi will provide much better results. The Shortcomings Of Centralized Finance It is no secret that centralized
Eager fans and collectors are taking the NFT craze to a whole new level. With the hopes of making a fortune from future sales, collectors have set their eyes on sneakers. NFTs representing 608 pairs of minted sneakers have sold for over $3 million in less than 8 minutes. A
News
The spike in Non Fungible Token (NFT) sales since the beginning of the year is evidence of the fact that the crypto bull run has leaked into that market as well. A report from NonFungible titled “The NFT Yearly Report 2020” went as far as stating that the current surge
According to billionaire Ray Dalio, the U.S. government could prevent capital flows into Bitcoin. The Bridgewater Associates founder suggested in a LinkedIn post that tax hikes could be used to manipulate flows into several asset classes, including Bitcoin and gold. Dalio had earlier said that governments would try to
News
According to data from on-chain analytics provider, Glassnode, 95% of recent Bitcoin trades involve accounts that were last active less than three months ago. On the flip side, long-term holders are aggressively accumulating the digital asset. Glassnode in its “The Week On-Chain” report disclosed that only 5% of spent outputs