Bitcoin (BTC)

Cryptocurrencies took center stage in 2021 as the market went through a massive bull run where the price for bitcoin skyrocketed to an all-time high of $65,000 in mid-April, and many other cryptocurrencies followed suit. This attracted a lot of attention even from institutional players and large, publicly-listed companies. The elephant in the room is obviously Tesla. Elon Musk’s electric car maker announced that it had bought $1.5 billion worth of BTC back in January and even...

Acinq a annoncé aujourd’hui que Phoenix Wallet iOS est désormais disponible dans l’App Store. Rappelons que Phoenix est une application Lightning « simplifiée » destinée à tous ceux qui veulent envoyer et recevoir très simplement des bitcoins via le Lightning Network en gardant le contrôle de leurs fonds mais sans avoir à se soucier de la gestion des canaux de paiement. Ce « Bitcoin wallet » propose un compromis entre les solutions...

Is bitcoin about to stage a comeback? This is the sentiment of a few financial analysts out there, who claim that technical indicators suggest the currency may head north from here. Bitcoin May Be Heading Towards Greener Territory Financial and crypto reporter Omkar Godbole recently wrote about one specific tech indicator pertaining to bitcoin and its present market conditions. He explained: Bollinger bandwidth, a measure of volatility calculated by dividing the spread...

S&P Cryptocurrency BDM Ex-MegaCap Index a subset of the BDM that excludes the constituents of the S&P Cryptocurrency MegaCap Index (Bitcoin and Ethereum). Renowned index provider, S&P Dow Jones Indices (S&P DJI), has announced that it would now be launching crypto-related indices for its users, the indices would include S&P Cryptocurrency Broad Digital Market (BDM) Index that contains over 240 crypto tokens already.This is in line with the various expansions the firm has...

The agreement will help Grayscale scale its operations, become more resilient and automated through the BNY platform and position its Bitcoin Trust for potentially long-term success. Digital assets manager Grayscale Investments has today announced its decision to choose BNY Mellon as the asset servicing provider for its flagship product, the Bitcoin Trust. The agreement means that BNY Mellon will now manage the Bitcoin Trust which was previously morphed into an SEC-reporting firm. BNY will...

A few weeks after the initial filing with the US Securities and Exchange Commission, Capital Group’s allocation in MicroStrategy has become official. The giant financial firm with over $2 trillion in AUM has bought nearly 1,000,000 shares in the business intelligence company holding more than 100,000 bitcoins on its balance sheet. The financial services company based in Los Angeles, California, filed with the SEC in late June but Walter Burkley, the Senior Vice President at...

Backblaze found out that maintenance of 150 petabytes capacity disks would cost $175,000 every week.Chia coin (XCH) price is currently trading at $234.39, down 8.43% over 24-hours. The cryptocurrency has been cutting off value lately, having lost 17.3% and 42.8% in 7-days and 30-days respectively. According to data from CoinMarketCap, Chia launched at $1,600 per unit in May. Shortly after, its value rose to $1,800 since it was billed as an eco-friendly alternative to Bitcoin. However, the...

The world’s largest digital asset manager, Grayscale Investments, has partnered with America’s oldest bank BNY Mellon. As a result, the banking giant will provide the Grayscale Bitcoin Trust with fund accounting and administration starting later this year. The announcement from Grayscale states that as of October 1st, 2021, BNY Mellon will become an official partner with several services oriented towards the company’s largest fund. Namely, the oldest US bank will “provide the...

The Co-Chief Investment Officer at SkyBridge Capital believes that Bitcoin (BTC) and Ethereum (ETH) would be the leading assets in terms of a store of value. Furthermore, he opined that the primary cryptocurrency would become the main financial instrument for transaction use. Bitcoin and Ethereum as Store of Value Assets Despite the ongoing crypto market downturn, SkyBridge Capital’s CIO – Troy Gayeski – praised Bitcoin as an asset class and highlighted its benefits. In a...

BTC is down by a minor 1.5% today as it struggles to maintain support area amid $33K. It is trading within a narrow range between $36,000 and $32,000 during the first half of July, and all signs point to an upcoming huge move. The volume for July has remained painfully low, especially during the last two weekends, which saw the two lowest volume days. This, combined with the drawn-out consolidation period, has many traders waiting for a huge move ahead, which would dictate...