Bitcoin (BTC)

At the present time, bitcoin is suffering like it never has before. The world’s number one digital currency by market cap has fallen into oblivion after trading at its highest level of approximately $64,000 per unit in April. It is now currently selling for about $37,000 per unit. Many analysts, it seems, are beginning to write the currency off, but according to former U.S. Treasury Secretary Lawrence Summers, bitcoin and other cryptocurrencies could very well live up to...

Up to this point, the hidden narrative is that central banks are somehow threatened by bitcoin… That they are fearful of it, and that they will do all in their power to somehow keep it from spreading or reaching the top of the financial ladder. However, according to Huw van Steenis – a former top advisor to the Bank of England – this is not quite true. Huw vann Steenis: We’ve Got the Wrong Idea About Crypto and Banks Huw van Steenis presently works as a senior advisor to...

HSBC reaffirmed that it has no intentions to launch a cryptocurrency trading desk or offer Bitcoin as an investment option to its clients. According to the institution, the digital asset is too volatile and lacks transparency. ‘We Are Not into Bitcoin’ The current crypto market situation continues to be highly unstable, mainly fueled by China’s intentions to crack down on mining and trading with the primary digital asset. As such, it comes as no surprise that another major...

Die Saga um Elon Musk und den BTC ist noch nicht vorbei. Gestern trafen sich der Tesla CEO und führende Bitcoin Miner, um über die Nutzung von erneuerbaren Energien beim BTC-Mining zu sprechen. Bitcoin News: Elon Musik trifft sich mit Bitcoin Minern und der Kurs steigt wiederDas Resultat des Treffens war die Gründung des Bitcoin Mining Councils, welches erneuerbare Energien weltweit promoten möchte.Yesterday I was pleased to host a meeting between @elonmusk & the leading Bitcoin miners in...

Todd Morley – co-founder of Guggenheim Partners and chairman of the blockchain project Overline – said that Ethereum has ”much higher utility” than Bitcoin. Additionally, he outlined ETH’s rapid development progress. ETH Is More Than a ‘Thing’ In a recent Bloomberg interview, Todd Morley – a former executive of the global investment company Guggenheim Partners – compared the utilization of the networks behind the top two digital assets. However, he was short-spoken about...

Ethereum gives a higher utility when compared to Bitcoin. Ethereum has earned global recognition, thanks to its momentous growth, evidenced by the introduction of smart contracts, NFTs, and yield farming.According to Todd Morley, a former investment partner and co-founder at Guggenheim, Ethereum is much better than Bitcoin as it can be utilized in many ways. In his own words, he stated that “Ethereum has higher utility than Bitcoin”. In an interview on Monday, he said Bitcoin was a thing....

After plummeting to a multi-year low of -21%, the Grayscale Premium has normalized quite a bit to around -4%. The metric could return back to a positive territory later this summer as the majority of GBTC investors will see their holdings released. Grayscale Premium Returns to Normal Ground Founded in 2013, Grayscale is the largest crypto asset manager enabling accredited investors to receive exposure to BTC and other crypto assets without worrying about storing and managing...

According to the NYDIG CEO, cash being a liability has fueled companies’ decisions to adopt Bitcoin as their treasury reserve asset. NYDIG CEO Ross Stevens is bullish on Bitcoin, saying that cash is no longer an asset but a liability. The founder and executive chairman of NYDIG talked about how Bitcoin is lifelong financial security in a recent interview with MacroMinds. According to him, the crypto giant is an unconventional way to escape poverty.NYDIG acquired a substantial amount of...

After an impressive rebound following the retest of the $30K area on Sunday, bitcoin reached $40K earlier today. However, over the past hours, the primary cryptocurrency is losing momentum. The question is whether this huge $10K recovery will turn into a “dead-cat bounce,” or bitcoin will able to penetrate through the heavy resistance zone of $40-42K? The good news is that, as of now, bitcoin’s price is still up by a total of 18% from Sunday’s low. Quick recap: The primary...

James Bullard – the President of the Federal Reserve Bank of St. Louis – advised that investors should be extra cautious when investing in digital assets. The US banker went further, labeling most of them as ”worthless.” Nonetheless, he revealed that the Fed is looking into launching its own digital coins. Most of The Assets Are Useless In a recent interview with Yahoo Finance, James Bullard – CEO and President of the Federal Reserve Bank of St. Louis – shared his thoughts...