In an interview with Yahoo Finance, Meltem Demirors, the chief strategy officer of investment firm CoinShares, said that Bitcoin is the antidote to economic dysfunction. According to her, Bitcoin is a great long-term asset. This is in line with the narrative that institutional investors are stashing the digital asset with
One of the earliest investors in bitcoin and former hedge fund billionaire, Michael Novogratz, is predicting a bitcoin price of $50,000 by next year. According to him, bitcoin will eventually “eclipse gold.” During an interview with Raoul Pal, chief executive of Real Vision, Novogratz explained that a price of
A month after publishing a report alleging that PayPal and Square were buying every newly-mined bitcoin, the CEO of Pantera Capital, Dan Morehead, has come out to say that ‘Bitcoin shortage’ is the reason behind the recent price rally. In an appearance on CNBC on Tuesday, Morehead claimed that institutions
Leading digital asset fund manager, Grayscale, has continued to accumulate bitcoin despite temporarily suspending inflows into its Bitcoin Trust. It was reported on Monday by multiple news outlets, including Yahoo Finance, that the world’s biggest bitcoin buyer had temporarily stopped accepting new clients in six crypto trusts. However, despite
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I have compiled the top 100 English language news platforms and compared them across 12 metrics. The data was collected in November-December 2020. The report and spreadsheet will help editors, journalists and media platform owners better understand their environment. It can aid marketeers, PR specialists and SEO specialists to quickly
SkyBridge Capital has become the latest institutional investor eyeing Bitcoin. The billion-dollar hedge fund filed a Form D for a bitcoin fund with the U.S. Securities and Exchange Commission (SEC) on Monday. According to the SEC document, the fund will be known as SkyBridge Bitcoin Fund L.P. and
According to Fortune Magazine, Ripple CEO Brad Garlinghouse has said that he was expecting the Securities and Exchange Commission (SEC) to sue his company for allegedly selling unlicensed securities in the form of XRP tokens. He expects the Commission to name him and co-founder Chris Larsen as co-defendants in a
As reported by BTC PEERS, over 270,000 phone numbers and physical addresses were leaked following a security breach on the hardware wallet, Ledger. The attackers also published 1 million emails on Raidforms. Unfortunately, the inevitable wave of attacks on leaked emails and phone numbers has begun. Even sadder is
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As the financial crises in Argentina continue to worsen, more and more individuals are flocking to Bitcoin. People living in the country are buying digital assets en masse as a hedge against the Argentine peso. According to figures shared by Maximiliano Hinz, director of operations at Binance for Latin America,
After announcing its plan to raise $400 million to buy Bitcoin in early December, MicroStrategy has significantly increased its Bitcoin stash. As per the latest announcement from CEO Michael Saylor, the company just bought a whopping $650 million worth of Bitcoin. When added to its early purchase of $475 million,
While the Ledger wallet hack saga is still ongoing, a cryptocurrency exchange, Exmo, has suffered a security breach. The exchange noticed suspicious withdrawal activity on Monday, December 21. According to a security notice from the company, a large amount of Bitcoin, Ethereum, and other digital assets were leaving the exchange’
An analyst with JPMorgan has claimed that Grayscale is one of the key players sustaining Bitcoin’s recent Bull Run. After breaking the $20,000 resistance a few days ago, Bitcoin rose to over $24,000. From experience, the market typically corrects after a massive positive price action. But while
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There is a tremendous amount of liquidity in the crypto markets, and Prosper is creating new ways for people to connect. As the size and scope of crypto markets increases, both traders and investors will need new tools for hedging and speculating that ensure trust, and derisk positions to the
Renowned investment bank, JPMorgan, has dropped another price prediction for the digital gold – bitcoin. The firm which had earlier said $600 Billion could flow into Bitcoin from insurance companies and pension funds have come out to say that Bitcoin could eventually reach $650,000. In a recently released report, the
Popular hardware wallet company, Ledger, has been become the latest victim of a security breach. Hackers gained entry into one of the company’s database. Over 270,000 physical addresses and phone numbers, as well as 1 million email addresses belonging to customers, have been published on hacker website Raidforms.
Answers
It is no news that the cryptocurrency space is very volatile. For instance, no one expected Bitcoin to quickly rise from less than $20,000 to over $23,000 in less than 24 hours on December 17, 2020. However, with such volatility comes the opportunity to double or even triple