Bitcoin (BTC)

Ark Investment Management has doubled down on its support for the social media platform led by Jack Dorsey. Interestingly, the latest substantial shares purchase came just a day after Twitter announced it would enable BTC tips. As reported by Benzinga, Cathie Wood’s investment manager has purchased nearly 124,000 shares of Twitter on Friday. With the TWTR closing prices, this amount equaled $88.74 million. Ark Invest used two of its most popular ETFs – the Ark Innovation ETF...

Portal – a layer two wallet system and cross-chain decentralized exchange centered around bitcoin – has received approximately $8.5 million in new funding from Coinbase, one of the world’s most popular digital currency platforms. Portal works to establish defi products using bitcoin that cannot be censored and enables private cryptocurrency trades. Portal Snags a Lot of Dough In addition to Coinbase, funds came by way of some of the biggest capital venture funds in the...

According to a survey, approximately every third swing state resident would like to see local authorities legalizing cryptocurrencies as a payment option. While general support towards private digital currencies is on a high level, the locals still need to learn more, the research revealed. Texas and Wisconsin Rank First The London-based polling firm Redfield & Wilton Strategies conducted a survey among over 9,700 eligible voters in 10 swing US states to determine their...

The Swiss Financial Market Supervisory Authority – FINMA – would reportedly require local digital asset providers to take additional steps in preventing criminals from employing cryptocurrencies. The watchdog would also turn its sight towards bitcoin ATMs as it believes that drug dealers often use these machines. FINMA Targets Criminals Operating with Crypto According to a Finews report, Switzerland’s financial regulator – the Swiss Financial Market Supervisory Authority or...

Just as Bitcoin rallied slightly above $45k on Friday, recycled news on China’s central bank vowing to ban crypto trading for Chinese citizens came out, liquidating more than $600 million of derivative positions at the time of writing. It is crucial to remember that large liquidations tend to cause cascades of forced sell orders, creating a near-term imbalance between supply and demand. In these events, supply overwhelms demand, and prices drop until the next large bid...

Yesterday the crypto markets went through another bloodbath initiated once again by China. Bitcoin dumped by $4,000 in minutes but has managed to complete a partial recovery as of now. Most altcoins suffered even more, and some have failed to bounce off decisively, including ETH, which still stands below $3,000. Bitcoin’s Recovery Attempt The past few days were actually going well for the primary cryptocurrency. It had recovered from the sub-$40,000 price drop and added...

The Head of Counterpoint Global at Morgan Stanley Investment Management – Dennis Lynch – believes bitcoin has the ability to gain in times of economic disruption and he referred to the asset as “anti-fragile.” ‘Bitcoin Is Like Kenny from South Park’ In a recent conference, the American businessman and executive at Morgan Stanley – Dennis Lynch, revealed his positive stance on bitcoin. He sees it as “anti-fragile,” meaning that it could resist market disorders and even prosper...

Well, here’s something that’s likely to anger a few environmentalists in the coming weeks. A new report issued by the New York Digital Investment Group (NYDIG) says that bitcoin and crypto mining are only likely to contribute to about 0.9 percent of global carbon emissions in the coming future. Crypto Mining Isn’t That Bad, According to New Report The topic of crypto mining has been a controversial one. Over the past several months, many high-ranking individuals with...

The entire market has been fairly uncertain throughout the past week, though one event stands out from the rest. On September 20th, Bitcoin’s price crashed to around $5,400 on Pyth Network oracle’s BTC/USD feed. Pyth is an oracle network based on Solana and it aims to bridge blockchains and real-world data. This is highly needed in the field of cryptocurrencies to provide relevancy, accuracy, and interoperability. However, on September 20th, between 12:21 and 12:23 UTC, the...

Commentant un avis datant du moins de mai dernier, la banque centrale de Chine a publié aujourd’hui un certain nombre de précisions présentées comme les réponses d’un responsable de la banque aux questions des journalistes. Rien de bien nouveau, donc, sous le soleil de Pékin. Pour ceux qui en doutaient encore, Bitcoin n’est décidément pas le bienvenu en Chine : « Ces dernières années, Bitcoin et d’autres monnaies virtuelles ont défrayé...