Cryptocurrencies made a strong bounce back as the yield of the benchmark 10-year Treasury bond fell below 1.5% to 1.429% after a week’s surge. On Monday, Bitcoin rose to $49,000 and briefly touched $50,000 while ETH gained over 15%. Although Bitcoin is trading at 20% lower than its ATH, many assume that Bitcoin is resuming
On Monday, March 1, Wall Street banking giant Goldman Sachs announced that it will soon be starting a crypto trading desk owing to the rising institutional interest in the crypto space. Besides, looking at the rapid growth in the BTC price, the banking giant is also planning to offer its own Bitcoin futures. However, popular
In a strong crypto market recovery, Bitcoin (BTC) has surged 6% today making its way to above $49,000 levels. At press time, BTC is trading at a price of $49,147 with a market cap of $916 billion. On Monday, March 1, Jurrien Timmer, Fidelity’s Director of Global Macro has recently released his new paper “Understanding
Goldman Sachs, the global investment banking giant has reopened its crypto trading desk, first started in 2018, and is all set to cater to its clients starting next week, as per a report by Reuters. The crypto trading desk is a part of companies’ digital asset and blockchain plans. Goldman Sachs has restarted its cryptocurrency
Jurrien Timmer, Director of Global Macro Fidelity Global Asset Allocation believes Bitcoin has evolved as an asset class over the years and currently behaving as digital gold. Timmer also said that Bitcoin could be used as a counterweight to future monetary inflation. The Macro head released a paper explaining various factors that make bitcoin a
Cryptocurrencies continue to entice some of the biggest global investors and even those who were once their biggest critics. Venture Capital Investor and hedge fund manager Daniel S. Loeb, who has shared conflicting views about Bitcoin (BTC) in the past, now tweets that he is doing “deep dive into crypto lately”. Loeb calls it a
After staying under solid pressure over the last weekend, Bitcoin (BTC) is once again back in action today. Bitcoin’s (BTC) price is up 7% as of writing this story and has currently inched above $48K levels. At press time, BTC is up 7.35% trading at $48,144 with a market cap of $897 billion. This could
Twitter Inc. the social media giant has announced $1.25 billion in convertible notes days after MicroStrategy bought over one billion worth of Bitcoin raised from a similar security debt offering. TWITTER, INC. ANNOUNCES $1.25 BILLION CONVERTIBLE NOTES OFFERING$TWTR — *Walter Bloomberg (@DeItaone) March 1, 2021 The announcement has got the rumors mill running especially given
Cryptocurrencies are becoming mainstream. From Visa’s and Mastercard’s approval to Paypal’s and Revolut’s foray into crypto, crypto has finally hit the masses. However, given the permissionless nature of blockchain technology, there are still many regulatory hurdles facing cryptocurrency’s path to full mass adoption. One of such barrier are the heavy know-your-customer (KYC) requirements established by
The Mongolian province of China has proposed a new regulation to ban Bitcoin & crypto mining along with steel, coke, and methanol production by end of April in order to meet the carbon emission goals. The decision came after the province failed to meet Beijing’s energy efficiency goals and drew heavy criticism from the government.
Ruffer, the British asset manager, and Citi Group, the investment banking giant in separate predictions said that Bitcoin and cryptocurrencies are inching closer towards mainstream adoption. The prediction comes at a time when Bitcoin price seems to be stuck under $50,000 ever since breaking past its new all-time-high above $58,000 a couple of weeks back.
Hong Kong cryptocurrency exchange AAX announced the scaling to the Russian-speaking market and appointed Anton Gulin as a country manager in Russia and CIS. Anton Gulin took office on February 1, 2021. He previously advised corporations and investment funds on blockchain integration. In early 2020, Gulin founded a strategic consulting agency that helps fin-tech and
After tanking all the way to $1300 levels on Sunday, February 28, Ethereum (ETH) has registered a good pull-back to $1450 levels. At press time, Ethereum (ETH) is trading at a price of $1446 with a market cap of $166 billion. As per the recent technical indicators, Ethereum has set itself on the journey to
Bitcoin rebounds after testing support at $43,000 during the weekend session. The breakout from the falling wedge pattern reinforces the uptrend toward $58,000. Resistance is anticipated at $50,000, as highlighted by the 50 SMA and the 100 SMA. Bitcoin dropped to $43,000 after failing to overcome the resistance at $52,000 last week. The weekend session
Ethereum is on the verge of a technical breakout eyeing $2,000. A falling wedge pattern on the 4-hour chart adds credence to the bullish outlook. Delay is expected at the 50 SMA and the 100 in the 4-hour timeframe. Ethereum dropped as far as $1,285 during the weekend session. The support anticipated last week at