BTCNGN Archives - Page 2 of 29

Earlier this week, an explosives-filled SUV was parked outside ‘Antila’, the house of Asia’s richest man Mukesh Ambani living in Mumbai, India. As the investigation proceeds, Jaish-ul-Hind has claimed responsibility for this bomb threat and has demanded a ransom in crypto citing future threats if Ambani fails to pay them. From a written draft written

Bitcoin News

Singapore’s Diginex to Offer USD Loans With Bitcoin As Collateral, Asian Market Stays Hot

Bitcoin (BTC) has had a phenomenal ride over the last year since March 2020 surging 10x until now. Also, it has been a great start to the year 2021, as despite the recent correction, BTC is still 51% up year-to-date. Also, the Bitcoin/Equity correlation has been on the rise over the last year. As it

Altcoin News

Bitcoin (BTC) Testing $44K Support, Ethereum (ETH) Below $1400, On-Chain Metrics Improve

The overall cryptocurrency market continues to stay under pressure and has lost $400 billion over the last week slipping below $1.4 trillion. Slipping another 6% today, Bitcoin (BTC) is down 20% on the weekly charts and testing up crucial support levels at $44K. At press time, BTC is trading at $44,692 with a market cap

Altcoin News

Breaking: Robinhood Faces 46 Lawsuits Over GameStop Stock Blockage

Robinhood, a brokerage firm that offers trading services for traditional stocks as well as the crypto asset is currently facing nearly 46 lawsuits for blocking trades of Gamestop (GME) stocks at their price peak. The firm in a regulatory filing on Friday revealed that it is facing at least “46 putative class actions and three

Bitcoin News

Bitcoin News

Just-In: Biden Administration Passes $1.9 Trillion Stimulus Package

The Biden Administration passed the much-awaited $1.9 trillion Stimulus relief bill that the President had promised after taking the office. The House passed the stimulus bill with a 219-212 vote and it has been forwarded to the Senate for approval. The House just passed President Biden's $1.9 trillion pandemic aid package. Two Democrats voted against

Bhushan Akolkar February 27, 2021

Bitcoin News

Institutional Demand for Bitcoin (BTC) Continues, Gradual Recovery Expected

Late Thursday, February 26, the Bitcoin (BTC) price crashed for the second time in a week tanking below $46K levels in a market-wide sell-off. As CoinGape reported, the BTC price crash came as investors resolved to profit-booking in risky-assets after the surge in the U.S. bond yields. However, it seems that the institutional demand for

Bhushan Akolkar February 27, 2021

Blockchain News

Kraken Following Coinbase’s Footsteps, Planning to Raise Funds With a Valuation of $10B

Kraken Digital Exchange, one of the oldest crypto exchanges founded in 2011 is in talks with Fidelity, Tribe Capital, and General Atlantic as lead investors in a new funding round with a target valuation that could go upwards of $10 billion as per a Reuters report. The news comes right after Coinbase SEC’s S-filing for

Bitcoin News

Mastercard Vice-Chair Says Bitcoin Too Volatile to be a Part of its Crypto Payment Plans

Mastercard vice-chair Ann Cairns in a recent conference said Bitcoin is too volatile for its upcoming crypto payment services that the company announced earlier this month. Cairns believes Bitcoin in its current form is too volatile and slow to be a form of payment. She said, “Bitcoin doesn’t behave like a payment instrument, It’s too

Bitcoin News

First Bitcoin ETF From Purpose Accumulate 10K BTC Worth $500 Million

The first North American ETF launched by Purpose Group reached another milestone within a week of its public launch as it accumulated over 10,000 Bitcoin from the market until now. The total AUM of the ETF reached over $500 million before a sharp Bitcoin price correction. Purpose ETF was launched on February 18 with a

Bitcoin News

JPMorgan Defies Charlie Munger’s “Avoid Bitcoin” Advice, Suggests 1% Portfolio Exposure to BTC

JPMorgan has recently defied legendary investor Charlie Munger’s advice of “avoiding Bitcoin”. The Wall Street banking giant recently stated that investors should have 1% of their portfolio exposure to Bitcoin (BTC). The banking giant’s comments on the backdrop of its suggestion for portfolio diversification. JPMorgan says investors could make #Bitcoin and other cryptocurrencies as much

Bitcoin News

Despite Bitcoin (BTC) Correction Exchange Outflows Continue, Will BTC Dip Further?

Once again, the cryptocurrency market is in a deep-red situation. Bitcoin (BTC) has tanked over 8% today moving to $46,000 following a strong global market correction in a risk asset sell-off. In a week’s time, Bitcoin price has plunged over 20% from its all-time high of $58,300 with bears dominating. However, the on-chain activity shows

Bitcoin News

Bitcoin (BTC) Tanks 7% Following Dow Jones Plunge In A Risk-Asset Sell-off, GBTC Premium Vanishes

On Thursday, February 25, the U.S. markets plunged with Dow Jones (INDEXDJX: .DJI) tanking over 500 points in a single day. The surge in the U.S. bond yield to 1.6% has created havoc in the global markets along with the fears of inflation forcing traders to reevaluate their position across different asset classes. The ripple effect

John Isige February 26, 2021

Bitcoin News

Bitcoin Price Prediction: BTC bearish technical pattern hint at a massive 23% breakdown

Bitcoin risks dropping to $35,000 on account of a bear flag pattern. The RSI’s negative divergence adds weight to the bearish narrative. Bitcoin will abandon the breakdown if the flag pattern fails to confirm and transforms into a channel. Bitcoin price has engaged reverse gears after the bulls’ inability to sustain the price above $50,000.

John Isige February 26, 2021

Blockchain News

Coinbase Pre-IPO Share Soars on FTX Post S-1 Filing With the SEC

Coinbase announced its direct listing on NASDAQ after an S-1 IPO filing with the SEC for a direct listing. The news of the public listing soared the pre-IPO shares listed on FTX, rising from $390 to over $430 in a matter of a couple of hours. The pre-market valuation of Coinbase is estimated to be

Blockchain News

Coinbase Files S-1 With the U.S. SEC to Go Public on Nasdaq via Direct Listing

Coinbase, one of the largest crypto exchanges is going public on Nasdaq via direct listing after months of speculations over its public debut post its announcement in December. *COINBASE FILES TO GO PUBLIC ON NASDAQ VIA DIRECT LISTING — zerohedge (@zerohedge) February 25, 2021 The crypto exchange in its S-1 filing with the SEC revealed,

Bitcoin News

13K BTC Flows Out of Coinbase Suggesting Institutions Are Buying Bitcoin Dips

Bitcoin failed to consolidate its position above $50,000 for the fourth day after registering a new all-time-high last week above $58,000. However, this has not deterred institutional investors from buying the current Bitcoin dip as nearly 13k Bitcoins moved from Coinbase to multiple custody wallets. The purchase came at $48,000 apiece. Crypto analyst Ki-Young Ju