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Nick Marinoff



Articles by Nick Marinoff

Canada’s BTC ETF Is Experiencing Slump in Activity

15 hours ago

Canada’s first bitcoin exchange-traded fund (ETF) was released to the public not too long ago. The idea of a bitcoin-based ETF had been in the back of investors’ minds for some time, and now that the product has been unveiled, it looks like many fantasies are becoming real, but is it possible that the product has already worn out its welcome?
The First Bitcoin ETF Is Already Seeing Trading Dips
According to new data, trading in the bitcoin-based ETF has already taken a serious dive, with transactions slowing down significantly from just last week. To be fair, we see this all the time with individuals. They want something so bad that they build it up in their heads. They obsess about it, they can’t stop thinking about it, and yet, when they finally get it or indulge in

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Analysts Differ on Where Bitcoin Will Go in the Coming Weeks

17 hours ago

It looks like the trouble bitcoin has been experiencing as of late is coming to an end. The world’s number one digital currency by market cap has been traversing the doldrums as of late, falling even further into the mid-$40,000 range, though at the time of writing, things have improved somewhat. The currency is back above the $50,000 line and trading more in the range that investors have become used to these past few weeks.
Bitcoin Is Starting to Improve
The present price of $50,600 is a bit of a downward slope from the $52,000 mark that bitcoin was trading at during the early morning hours of Wednesday, but the fact that bitcoin has remained above $50K is certainly a positive sign.
Not long ago, bitcoin had fallen to about $46,000 per unit – a near $10,000 drop from

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Citibank: Crypto Crime Really Isn’t That Common

19 hours ago

There is still much concern amongst government regulators surrounding cryptocurrency fraud and illicit usage. Everyone is so terrified that cryptocurrencies are being used to commit crimes and engage in wrongful behavior, but according to a new report issued by Citibank, this really isn’t something that people need to be so concerned with, as fraudulent activity involving bitcoin and its digital cousins has gone down significantly over the past few years.
Citibank: Crypto Crime Doesn’t Happen as Often as We Think
At the time of writing, there are still several figures and financial heads that are oozing with worry about how bitcoin and cryptocurrencies are being used. Janet Yellen, for example, has recently stated as the new Treasury Secretary that she is considering

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Ruffer: Bitcoin Adoption Is Going to Shoot Through the Roof

2 days ago

Bitcoin has been exploding over the past year. Aside from experiencing heavy price booms that saw the currency rise from about $10,000 to $40,000 in just three months and attain all kinds of new highs, the currency has also been seeing fresh waves of institutional interest from the likes of companies such as MicroStrategy and Tesla, which have both purchased billions of dollars-worth of the asset. Now, asset manager Ruffer claims that things are just getting started for the world’s number one digital coin by market cap, and adoption is going to increase tenfold throughout the year.
Ruffer: Bitcoin Hasn’t Come Close to Peaking
Bitcoin has been experiencing loads of new respect and support over the past several months, though according to Ruffer, we’re nowhere near the

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Canada Is Now Looking to Unveil an Ethereum ETF

2 days ago

It’s only been a few weeks since Canada introduced the world to the first bitcoin-based exchange-traded fund (ETF). Now, it looks like an Ethereum-based ETF may be on its way.
The Case for Canada and the Crypto ETF
Evolve Funds is the company behind Canada’s BTC ETF, and it looks like the company is already experiencing heavy success with this product. So much, in fact, that it wants to bring similar products to the market, and it feels that Ethereum may be the way to go. As the world’s second-largest cryptocurrency by market cap and the number one competitor to bitcoin, chances are plenty of people exist out there that will look to take advantage of additional ETH trading.
In a press release, the company announced:
Ether is the building block for a revolution in

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Michael Burry: Bitcoin’s Sudden Rise Is Unsustainable

2 days ago

Bitcoin has been doing quite well as of late, but as we’ve seen in the past, not everyone is set to be convinced by the world’s largest and most popular digital currency by market cap. Michael Burry – a legendary investor and the subject of both the book and the film “The Big Short” – is one such person and believes that bitcoin is trapped within the confines of a massive bubble.
Michael Burry: Bitcoin Is Headed Downhill
In a tweet he was quick to get rid of, Burry claimed that bitcoin is rising too fast, and that the recent gains the currency has garnered are not sustainable. He appears to be taking a page out of the JPMorgan book, which issued similar sentiment in a recent report. He says that many current investors are likely to experience heavy losses they will

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Survey Participants Think Its 2018 All Over Again for Bitcoin

3 days ago

Bitcoin, despite a few ups and downs over the past week, appears to be doing quite well when compared with where it’s been in the past. No doubt the asset has proven itself in the past 12 months, and the currency is turning out to be one of the top assets a person can invest in. Sadly, not everyone is convinced, as according to a new survey, many of the world’s financial traders view BTC as being trapped in another bubble and feel its recent surges have nothing to do with growing legitimacy.
Bitcoin Is Doing Well, but Not Everyone Sees This
Over the past year, bitcoin’s price has spiked by a whopping 475 percent. This is extremely impressive, but the news appears to be failing to make any sort of impression on traders, who according to data from a recent survey,

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Citibank Praises BTC, While China Seeks to Limit Mining Activity

3 days ago

From both ends of the world, bitcoin is the target of much speculation. In the west, it appears to be the subject of positivity, with the likes of Citibank commenting that bitcoin is likely to be at the center of much cultural and revolutionary change. In the east, countries like China are looking to implement serious limits on bitcoin and crypto mining. With both sides offering opposing views, it looks like bitcoin has used this time to heal some of its wounds and bounce back by roughly nine percent at press time.
Citibank Is Working to Push BTC Forward
Paolo Ardoino – CTO of Bitfinex – examined the current situation surrounding BTC and said:
Bitcoin seems to have bounced back today as cryptocurrency markets start the week in a resurgent mood. The backdrop of huge

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NY’s Letitia James: You Must Be Very Careful Investing in Crypto

3 days ago

New York attorney general Letitia James has issued a statement to all residents of New York warning them that cryptocurrencies are risky, and that they should think twice before investing in them.
Letitia James Warns Against Crypto Usage
In the statement, she also takes aim at all cryptocurrency businesses, claiming that if they do not follow the rules set forth by New York and the rest of the country, they are likely to face serious monetary and legal consequences. This is no doubt a nod to the recent court battle James faced with the likes of Tether and Bitfinex; a case that was ultimately settled and has barred both companies from ever doing business in New York again.
James mentions:
Too often, greedy industry players take unnecessary risks with investors’ money,

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The Bitcoin Space Is Largely Controlled By a Select Few

4 days ago

The bitcoin space was supposed to be decentralized. One that was controlled by the people that owned it. It was supposed to give people more financial independence and say in their futures. However, light is being shed on an arena that is now largely controlled by a small group of crypto-centered businessmen.
Is Bitcoin Remaining Decentralized?
As it turns out, more than 95 percent of the world’s total bitcoins are stored within two percent of the world’s crypto accounts. This data comes by way of Flipside Crypto, a research firm that suggests bitcoin is perhaps not as decentralized as it’s been made out to be. Among the top bitcoin influencers are Dan Morehead, the founder of Pantera Capital; Barry Silbert, the founder of Digital Currency Group, and Tyler and Cameron

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Cathie Wood: BTC Will Be a Staple Investment

4 days ago

Imagine a world where bitcoin and cryptocurrency just completely took over. There are no more standard financial investment tools, and things like stocks and bonds cease to exist. The entire world is based on cryptocurrency, and everything is paid for in bitcoin. While it may be many years until we reach a society like this, Cathie Wood of ARK Invest thinks we’re heading in that direction.
Cathie Wood: BTC Will Replace Bonds
In a recent interview, the monetary executive claimed that she’s confident bitcoin will one day replace bonds, and that the currency is going to be a primary staple of many professional portfolios. She says:
You think about the traditional 60/40 stock and bond portfolio but look what’s happening to bonds right now. If we’re ending a 40-year

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Despite the Bitcoin Drop, Many Analysts Remain Bullish

4 days ago

Bitcoin has been a major focal point of discussion as of late. The world’s number one digital currency by market cap experienced a record bull run during the month of February, but during the final days of the month, the currency came crashing down and experienced a $10,000 dip. The asset fell from roughly $56,000 per unit to about $46,000, which is what it remains at still.
The Latest Bitcoin Slip Hasn’t Caused Many People to Turn
Despite this mega drop, the currency still has many advocates, and a lot of analysts and industry experts appear to be coming to the asset’s aid. Michael Saylor, for example, is the leader of MicroStrategy, a software firm and one of the original public institutions to express support for cryptocurrency. The company has purchased more than

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As the Dollar Begins to Rebound, Bitcoin Is Struggling to Remain Solid

5 days ago

At the time of writing, bitcoin – the world’s number one digital currency by market cap – isn’t doing so hot. The currency has fallen to about $46,000 per unit at press time, meaning it is now about $10,000 lower than where it stood during the early portion of last week. Things are not looking good for the asset, but how much of this is just part of a healthy correction?
Bitcoin Has Taken an Ugly Dip
As it turns out, things may be a little more extreme than normal. While there’s no way to predict if this is a final stretch for the world’s most popular cryptocurrency, the asset is experiencing losses it hasn’t seen in almost a year. The currency has fallen by about 21 percent in just the last few days alone and hasn’t dropped this much since March of 2020.
During that

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Bitcoin Is Suffering, but Many Institutions See This as an Opportunity

5 days ago

Bitcoin has taken a turn for the worse, but while the move may not look great on paper, it turns out things are going quite well for some of the institutional traders that have yet to step into the cryptocurrency arena. Many institutions are using the recent bitcoin price dip as an opportunity to buy at a lesser price and get their fingers on an asset that many companies have been going crazy over for the past six months.
Bitcoin Has Taken an Ugly Stumble
Things really took a serious turn back in August of last year, when companies such as MicroStrategy first began buying up tons of BTC and commenting about what an important asset it was for all who engaged in crypto trading. From there, many other institutions – such as Square, MassMutual and Stone Ridge – began

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Coinbase Let’s You Trade Crypto… And Engages in It as Well

5 days ago

Coinbase is known for storing cryptocurrency and allowing its many customers to trade digital assets. However, what we didn’t know was that the company also did its own investing in crypto as well.
We’re Learning a Lot About Coinbase
As it turns out, the company has become of the first major cryptocurrency exchanges to file for a public listing. In doing so, a lot of information has come out about the firm that many traders were unaware of prior, a big one being that Coinbase ultimately does its own trading.
Over the past year, with bitcoin’s meteoric rise and the world’s number one digital asset shooting into the $40,000 range by the end of 2021, the company saw its crypto assets shoot up to a whopping $316.1 million. This is an increase of roughly $33 million within

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More Details Emerge Regarding Coinbase and Its Public Offering

6 days ago

Last December, Live Bitcoin News reported that Coinbase – one of the largest and most popular cryptocurrency exchanges in the United States – had decided to go public. On Thursday, the documents tied to the filing were revealed and made available to interested readers.
Coinbase Is Going Public, and Brian Armstrong Has a Lot to Say
Among these documents was a heartfelt letter written and filed by the company’s CEO Brian Armstrong. In the letter, Armstrong describes the cryptocurrency space as something that could ultimately outdo the world of traditional finance and even knock it aside at some point. He says that the space has become wrought with high fees, unequal access and delays, and that there are several “barriers to innovation.”
He further writes that the

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Coinbase CEO: Satoshi Nakamoto Should Stay Hidden

6 days ago

Brian Armstrong – the CEO of Coinbase – is saying that if Satoshi Nakamoto were to ever reveal his full identity, there would be serious repercussions for both bitcoin and its many investors.
Satoshi Nakamoto Should Always Stay Hidden
Not long ago, the company had decided that it was going to go public through a direct filing. In documents related to the filing, the digital exchange claims that Satoshi Nakamoto is a “risk factor,” and that the real identification of the man could lead to problems down the line.
It is widely believed that if Satoshi Nakamoto were to ever reveal himself, things wouldn’t go well for the bitcoin and crypto space. In addition, it was also revealed in the filing that the man possesses more than one million individual units of the world’s

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Bitcoin Scam Leads to a Family’s False Relocation

6 days ago

A bitcoin scam involving a bunch of house renters has taken place in the city of Vallejo, California. In what is certainly a unique spin on scam-based bitcoin behavior, it appears someone pretended to be a landlord of a vacant home and said that a $2,000 down payment in BTC was all that was needed to give a family a new place to live, but things weren’t as simple as they seemed…
How Bitcoin Scams Are Taking on New Form
In the crypto space, traders and buyers often go by a simple rule: if it sounds too good to be true, it probably is, and that’s the best way to describe the situation at hand. A suspect had found a specific property and spent time placing it on several rental sites. From there, a family reached out asking about the property and what it would take to

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MicroStrategy Adds More Than $1 Billion in BTC to Its Asset Stash

7 days ago

MicroStrategy has established itself as one of bitcoin’s biggest fans in recent months.
MicroStrategy Buys a Lot More Bitcoin
The company was one of the first institutional players to come out publicly and support the world’s primary digital currency by market cap through a purchase of more than $250 million worth of the asset last August. Things didn’t quite stop there, however, as the company felt this wasn’t enough and engaged in another buy of the cryptocurrency just a few months later that brought its bitcoin ownership level beyond $400 million.
From there, it engaged in a third purchase and later announced that it was looking to sell other assets – including convertible debt – so that it could get the funds necessary to purchase even more BTC down the line.

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Square Just Added a Lot of Bitcoin to Its Stash

7 days ago

It’s not like we didn’t know that Square – the financial payment firm owned and operated by Jack Dorsey of Twitter fame – was a bitcoin fan. Dorsey himself has been advocating for bitcoin for the past several years, even going so far as to claim in 2018 that it would be the world’s only currency within ten years. In addition, Square was one of the first institutions to pledge support for the world’s number one digital currency back in October of last year when it purchased approximately $50 million worth of BTC.
Square Has Bought More than $150 Million in BTC
However, it looks like that $50 million really wasn’t enough for the company, as Square has now stepped up and purchased an additional $170 million of the digital currency. Taking a page right out of

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Bitcoin Experienced Heavy FUD During the Week

7 days ago

It’s certainly been a crazy week for bitcoin. The currency – which was trading for about $56,000 per unit during the early portion of the week – later fell to about $47,000, thereby losing roughly $9,000 from its price. Since then, it has spiked back to $49,000 at the time of writing, gaining $2,000. However, it still isn’t anywhere near where it was previously, and data suggests that many investors and traders as of late have been selling their coins for a profit and causing the sudden dip for BTC.
The Bitcoin Drop Explained
As we have discussed before, whenever large amounts of crypto holders sell their stashes, they’re likely to cause massive dips in the price of whatever digital asset is in question. The market cannot handle that many trades and losses at once. As

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Tether, Bitfinex Settle Major Legal Case in New York

8 days ago

Tether and Bitfinex have settled their case with the New York Attorney General’s office. Both companies have agreed to pay as much as $18.5 million to make the issues of the past finally disappear.
The Tether Bitfinex Fiasco Has Come to an End
Both companies have been under serious investigation for the last few years after having been accused of working to cover up an $850 million loss of both corporate and client funds. As a result of the settlement, both Tether and Bitfinex will no longer be allowed to do business in New York, nor can they offer their services to residents of the state.
Tether is the creator of the one of the world’s primary stable currencies. It is allegedly tied to the U.S. dollar, which prevents it from being susceptible to price swings and

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Daniel Ives: When Bitcoin Falls, Tesla May Follow Suit

8 days ago

Elon Musk has worked so hard to push bitcoin and to purchase the asset that it’s ultimately tied itself to Tesla shares, according to stock and crypto analyst Daniel Ives of Wedbush fame.
Daniel Ives: BTC and Tesla Are Practically One and the Same
In a recent interview, Ives says that when Tesla goes up, bitcoin will follow suit and vice versa. Tesla can also expect to see action whenever bitcoin makes a move. Not too long ago, the company purchased as much as $1.5 billion worth of the digital asset. The purchase was so big that the currency and shares in the company are now practically one and the same.
Ives comments:
Musk is now tied to the bitcoin story in the eyes of the Street, and although Tesla made a billion-paper profit in its first month owning the digital

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Michael Saylor: BTC’s Market Cap Will Soon Explode

8 days ago

Bitcoin and Ethereum prices have tanked. BTC, for example – the world’s number one cryptocurrency by market cap – has dropped into the high $47,000 range. This is a $9,000 drop in about two days, as recently, the asset was trading for about $56,000 per unit. Despite this, Michael Saylor – the CEO of MicroStrategy – remains confident that things are going to turn out well for the currency. So well, in fact, that he thinks it will one day have a $100 trillion market cap.
Michael Saylor: Bitcoin Is Going to Get Much Bigger
Michael Saylor has been pushing a bitcoin agenda for the past six months. His company MicroStrategy initially bought the currency back in August of 2020, becoming one of the first major institutions to pledge support for the digital asset during a time

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JPMorgan: Fintech, Not BTC, Is the True Coronavirus Hero

9 days ago

Bitcoin has been doing extremely well for the past nine months. The currency really came to fruition during the initial time of the coronavirus pandemic, and it has been on a serious roll ever since, recently striking a new high of roughly $56,000 per unit. However, despite all the glitz and glam the currency has been attaining, financial giant JPMorgan believes that it’s fintech and not bitcoin or crypto that has garnered true recognition during the time of COVID.
JPMorgan: FinTech Has Done More During the Pandemic Than BTC
In a recent report, JPMorgan commented that while bitcoin is doing relatively well for the time being, it doesn’t boast the long-term financial stamina that many people seem to think it has. The company suggests that it will never earn a place as

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Meltem Demirors: Bitcoin Is a Question of When, Not If

9 days ago

Meltem Demirors – chief strategy officer at digital asset investment firm Coin Shares – stated in a recent interview that all those who are quickly investing in bitcoin are late to the crypto party.
Meltem Demirors: You Needed to Invest in BTC Yesterday
During a discussion with CNBC, Demirors commented that one of the primary reasons many have not invested in bitcoin is likely due to regulatory hurdles that may allegedly appear in the coming future. However, she is confident that many of the regulatory changes that are set to occur will not hurt bitcoin, but rather enhance it, and that those that didn’t invest early will be sorry. She says:
The regulatory issues have been around for a long time. We’ve been dispelling for a long time. At this point, our belief is

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Elon Musk May Have Hurt BTC with Latest Tweets

9 days ago

Oh, Elon Musk… You just can’t seem to make up your mind, can you? One minute, you’re all over bitcoin and investing billions of dollars in the world’s number one digital currency by market cap. The next minute, you’re saying something that doesn’t work well for the asset and every trader – yourself included – winds up experiencing some level of loss.
Elon Musk Has Potentially Caused a Dip in the BTC Price
This is the case behind last weekend’s market dip, in which bitcoin saw its price stumble by roughly ten percent over the course of 24 hours. Musk – the South African entrepreneur behind mega companies such as SpaceX and Tesla – claimed in a series of tweets that bitcoin’s price was a bit “too high.” Naturally, the world’s primary digital currency reacted negatively

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Bitcoin Is Surging, but Analysts Differ On Whether the Asset Has a Legitimate Future

10 days ago

Bitcoin has been doing extremely well as of late. The currency recently spiked as high as $56,000 per unit, and the world’s number one digital currency is now enjoying a total market cap exceeding $1 trillion. The asset has been on a serious momentum hike, and it doesn’t look like things are set to die down anytime soon.Bitcoin Is Seen Differently By AllBut the asset isn’t seen in a positive light by everyone. In fact, Eric Rosengren – president of the Federal Reserve Bank of Boston – is convinced that things are only temporary, and that the bitcoin boom we’re all witnessing at this time isn’t going to last much longer. In a recent interview, he claims:Personally, I’ve been surprised that bitcoin has continued to flourish.One of the big problems that he has with bitcoin is that he doesn’t

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Social Media Firm Gab Shuts Down Temporarily Following BTC Spam Scare

10 days ago

Social network Gab saw itself going offline for a short period after some of its employees discovered bitcoin spam messages infiltrating the network.Gab Sees Bitcoin Spam Enter the ForumBitcoin spam has been rather prominent on social media these days. Last year during the summer, the world was shocked when it was found out that many high-profile accounts – including those of former president Barack Obama, his vice president Joe Biden, South African Tesla and SpaceX executive Elon Musk and Microsoft mogul Bill Gates – were compromised and overtaken by an unseen hacker that advertised a phony giveaway regarding bitcoin.Messages were posted on these individuals’ accounts, along with many others, claiming that if users sent their bitcoin to specific addresses – which were included in the

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Bitcoin Hits $1 Trillion Market Cap; How Much Further Will It Go?

10 days ago

Bitcoin has been doing extremely well as of late. At the time of writing, the world’s number one digital currency by market cap has shot beyond the $56,000 mark, and it looks like the currency isn’t set to slow its momentum anytime soon.Bitcoin Is Continuing to ExplodeRecently, bitcoin moved beyond a $1 trillion market cap, making it more comparable to gold. This is more than double the $500 billion it was at during the early portions of 2021. It has also shot up in price by more than five percent in the last day alone. It’s probably fair to say that nobody expected bitcoin to reach this pinnacle so quickly.The past few weeks have been “marred” by heavily positive news relating to bitcoin and cryptocurrencies. Tesla – an electric car company run by South African entrepreneur Elon Musk –

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