Nasdaq-listed Marathon Patent Group has joined the league of institutional players stocking up on Bitcoin. The American Bitcoin mining giant revealed on Monday that it purchased about $150 million worth of Bitcoin at an average price of $31,135. Although the firm has been in the business of mining Bitcoin
According to analysts at JPMorgan, Bitcoin may have a hard time touching the $40,000 mark again due to stalling demand from Grayscale’s Bitcoin investors. As reported by Bloomberg, JPMorgan’s strategists led by Nikolas Panigirtzoglou said on Friday that institutional inflow to the Grayscale Bitcoin Trust is not
On January 19, Treasure Secretary Nominee, Janet Yellen, responding to a question during her Senate confirmation hearing stated that cryptocurrencies are “a particular concern.” According to Yellen who has now backtracked on her earlier statement, digital assets are primarily used for illicit financing. Her comments about cryptocurrencies do not come
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Crypterium, a leading fintech startup specializing in a variety of crypto solutions tailored for the masses, has opened up a chance for its fans and other interested investors to own a stake in the company through Seedrs. The offer allows participants to be part of a fast-growing startup and can
There has been a lot of buzz about Bitcoin’s whitepaper in the last 24 hours with self-proclaimed Satoshi Nakamoto, Craig Wright, threatening to sue sites that fail to take down his whitepaper. In his recent spree of legal actions, Wright, an Australian computer scientist threatened the owners of Bitcoin.
Amid the euphoria and predictions that followed Bitcoin’s Bull Run to $42,000, the digital asset quickly slipped to the $30k range, dashing the hopes of all those who had set the next price target at $50k. Since then, Bitcoin had spent more time below $40k, struggling to break
On January 19, Janet Yellen made it into the bad books of crypto enthusiasts across the globe when she said that cryptocurrencies were “mainly [used] for illicit financing.” But barely three days later, the Treasury Secretary nominee is offering a more nuanced take on cryptos. She affirmed that although digital
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The increasing popularity of cryptocurrencies has led to an increase in the number of crypto service providers in the market. There's no doubt that the increasing number of crypto service providers have spoilt the crypto users for good. But, at the same time, almost every crypto user is
With its total assets under management sitting at over $27 billion, Grayscale has remained unchallenged as the world’s largest crypto hedge fund manager. But what would the scenes look like when the world’s largest asset manager enters the crypto playing field? According to a recent SEC filing dated
The chief market strategist of Barclays Private Bank, Gerald Moser, has expressed his disdain for Bitcoin calling it an “almost uninvestable” asset. Speaking to Financial News, he explained that bitcoin is too volatile and provides close to zero diversification benefits for large investors. He said: While it is nigh on
Guggenheim’s Chief Investment Officer, Scott Minerd, is expecting to Bitcoin do a full retracement back to $20,000 from its all-time high of $42,000. Minerd who had earlier set his long-term price target for Bitcoin at $400, disclosed his new stance in a recent appearance on CNBC. Cautioning
President Joe Biden has halted all new and pending regulatory rules from the Trump-era, including the proposed FinCEN rule which has been largely described as detrimental to the crypto industry. Consequently, no proposal will be implemented until Biden’s team can review it. The ban was confirmed in a White
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The native currency of the Pando ecosystem, Pando Coin (PANDO), has been listed on Bittrex and is now available for trading. Confirming the listing in an official Medium post, Bittrex Global said: “We are happy to announce the listing of Pando (PANDO) for our customers! The PANDO wallet is enabled
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It took nine years for the first stablecoin to appear in crypto. Three years after Ethereum launched the Frontier and nine years since Bitcoin was activated. Stablecoins are digital currencies that are issued by a private entity to track the performance of fiat. Stablecoins are a Shield against Volatility and
One of the major highlights and selling points of Bitcoin is decentralization. Satoshi Nakamoto in his original Bitcoin whitepaper wrote: A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. In simpler terms, Bitcoin
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In a series of tweets that may be considered his farewell remarks, the former Acting Comptroller of the Currency, Brian Brooks, has dubbed cryptocurrencies “scary but necessary.” Brooks started his exposition by defining the role of governments in any society. According to him, governments are meant to setup frameworks that