While a lot of predictions have set the target price of Bitcoin to around $50k to $100k, a German multinational investment bank Deutsche Bank AG has stepped forward to say that Bitcoin is likely to halve in value. According to a January survey conducted by the bank, several market professionals
According to Treasury secretary nominee and the former Federal Reserve chair, Janet Yellen, cryptocurrencies are a “particular concern” when it comes to terrorist financing and money laundering. The incoming head believes that most digital assets are used for illicit financing. Yellen voiced her opinion during her Senate confirmation hearing today.
Crypto hedge fund manager, Grayscale, is living up to its name as the world’s largest crypto investor. New data confirms that the firm added 16,244 BTC valued at about $607 million to its Bitcoin Trust on Monday – the single largest Bitcoin buy made in one day. For some
After a three-year waiting period, Ether has finally broken its previous all-time high of $1,420 on some major exchanges. The second-largest cryptocurrency by market cap surged past the $1,400 benchmark today, eventually setting a new high at $1,438. Earlier this month, Ether hinted at a possible rally
According to researcher Leonidas Hadjiloizou, Ripple’s co-founder and former chief technology officer, Jed McCaleb, has resumed dumping or more appropriately selling his XRP stash after a 25-day break. In his recent sale, McCaleb offloaded 28.6 million XRP valued at around $8.8 million at XRP’s current rate.
Raoul Pal, a former executive of Goldman Sachs has increased his ETH holding amid Ethereum’s recent price rally. Pal made the revelation in the early hours of Tuesday, stating that his portfolio is now shared 70/30 between Bitcoin and Ethereum. Pal has been one of the vocal players
The daily trading volume of the second-largest cryptocurrency, Ethereum, is now 28% more than that of Bitcoin. Ethereum’s transaction volumes have surged to a record high of $12 billion in January – $3 billion more than Bitcoin. Amid the rising transactions, ETH’s price is having a moonshot and closing-in
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Grayscale has received a lot of recognition as a key player influencing the price of Bitcoin, and rightly so. With over $27 billion in assets under management, Grayscale currently holds the position as the largest crypto asset manager in the world. In recent comments regarding the short-term price outlook of
Despite warnings from UK’s Financial Conduct Authority (FCA) that investors could lose their entire cryptocurrency holdings, leading investment firm, Ruffer Investment, has hailed Bitcoin and defended its $750 million allocation to the digital asset. In a recent note to investors, cited by Portfolio Adviser, Ruffer noted that its Bitcoin
As reported by BTC PEERS, crypto-savvy Gary Gensler was rumored to become the new chairman of the U.S. Securities and Exchange Commission. A statement from Joe Biden’s transition team confirmed the rumor on Monday. Gensler has been picked as the new head of the financial watchdog. Gensler will
A former prime minister of Canada, Stephen Harper, has mentioned Bitcoin on his list of possible alternative reserve currencies to the U.S. dollar. Harper made the statement during an interview with Jay Martin of Cambridge House – an investment service. He noted that while behemoth currencies like the Euro and
Commenting on whether Bitcoin is a bubble or not, former U.S Treasury Secretary, Dr. Lawrence H. Summers, noted that the digital asset “is here to stay.” Dr. Summers is one of many prominent voices that have endorsed Bitcoin as a viable investment option and store of value in recent
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What a year 2020 has been for the crypto world. Most of the major cryptocurrencies, barring a few, achieved all-time-high prices. It includes the likes of Bitcoin and Ethereum. But there's one segment of the crypto world that made the most out of 2020. Yes, we are talking
Data from CryptoQuant shows that Ether reserves on centralized exchanges are declining with numbers dropping to 8.1 million ETH. Although there are many theories behind the recent drop, Nuggets News’, Alex Saunders, pointed out that at the current rate, “exchanges will run out of ETH in 10 days.” On
Reacting to an upcoming announcement from President-elect Joe Biden on his plans for a COVID-19 stimulus package, the price of Bitcoin and the stock markets rose. With a proposed $1.9 trillion rescue package on the way, this could be all Bitcoin needs to reach new highs. On Thursday night,
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In its original form, a cryptocurrency address comprises a string of rather complex alphabets and numbers that can be up to 35 characters. To the uninitiated, sending or receiving digital assets can therefore seem like a daunting task. Unstoppable Domains is a blockchain firm that is building blockchain domain names