Bitcoin (BTC)

It looks like wealthy people are beginning to view bitcoin as an essential ingredient of their portfolios, and many are wishing that they had gotten involved in the world of cryptocurrency sooner.Bitcoin Has Attracted the Attention of Wealthy InvestorsThis is the case for Christian Armbruester, the founder of Blu Family Office in London. As an investor for wealthy clients, Armbruester claims that while he might have dabbled in crypto here and there, he never really took it seriously until...

XRP/USD: Sellers Remains In ChargeKey Resistance Levels: $0.59, $0.7 $0.78Key Support Levels: $0.5, $0.4, $0.33Despite the recent recovery in Bitcoin above $19,000, XRP continued to show weakness as it failed to reclaim the $0.5 support. As of now, it is trading around $0.495 with a daily 5% decrease.The trend is still looking bearish in the short-term following a series of rejections at the descending resistance forming since November. Both the 4-hours RSI and MACD indicators confirm that...

Reports of a company known as Core Scientific have emerged in the news as of late. The enterprise is looking to expand its bitcoin mining operations throughout the U.S. While the firm is officially based in Bellevue, Washington, the company has also opened stations in several Midwest and southern states including North Carolina, Kentucky and Georgia, and it doesn’t plan on stopping any time soon.Does Bitcoin Mining Still Hold Sway?The fact that all this is occurring in the United States is...

It’s always refreshing to see someone who wasn’t a bitcoin believer change their mind. Today, the cryptocurrency appears to have added another “fan” to its roster. That person is Ray Dalio, a billionaire and co-founder of the hedge fund Bridgewater Associates.Ray Dalio Now Sees Bitcoin Through a New LensIn the past, bitcoin has often attracted criticism and scrutiny for its vulnerability to price swings and its volatile behavior. While it’s easy to become wealthy overnight with the help of...

SIX beteiligt sich an Custodigit, dem Joint Venture von Swisscom und Sygnum, um einen institutionellen Gateway für digitale Vermögenswerte aufzubauen In a world’s first for a bank, Sygnum today announced the successful tokenization of its own shares using its in-house tokenization platform, Desygnate. Put simply, this means that digital representations of Sygnum shares, together with associated legal rights and obligations, have been...

Huobi Futures has just celebrated over $2.6 trillion in cumulative trading volumes since its launch just over two years ago. Its launch date was December 10, 2018 and ever since then, the trading platform has gone from strength to strength, now being considered one of the go-to places for derivitace product options. A constant look towards the future and a aim to expand its product options have helped its growth. For instance, USDT-margined Swaps, Coin-margined swaps and futures are among...

One of the leading cryptocurrency derivatives exchanges BitMEX has announced the completion of a significant upgrade on its custody system to improve transactions. The update will allow BitMEX to use Bitcoin Core to track users’ BTC deposits and withdrawals, the company said. Important UpdatesSince Bitcoin Core ZeroMQ notifications trigger the new architecture, deposits will be credited within a minute of the block confirmation, considerably quicker than before.According to the announcement,...

From the time it began Bitcoin mining operation in 2016, Fidelity has been working to bring the future of cryptocurrencies into the legacy world.Fidelity Investments CEO Abby Johnson revealed that it has become hard to track all the developments in the crypto sector since the previously discussed things are now turning out to be a reality at a fast pace. During an interview with Barron’s, Fidelity CEO says there has been an “incredibly successful” run around Bitcoin for the mutual fund...

Bitcoin price shows northward momentum owing to rising confidence among institutions. The institutional developments and money inflow in Bitcoin have triggered investor optimism in the market.After a strong correction last week, Bitcoin (BTC) reclaimed the price of $19,000 over the past weekend. At press time, Bitcoin (BTC) is trading at a price of $19,126 with a market cap of $355 billion. Market analysts are saying that the recent Bitcoin price movement fuels the sentiment of a bull market....

Jim Cramer, the host of the financial TV show Mad Money, has recently increased his bitcoin position by buying “nicely from the top.” He also advised investors who want to enter the BTC market to do it with caution and be aware of the asset’s notorious volatility.Cramer Doubles-down on BitcoinThe popular TV host changed his mind on bitcoin earlier this year, as he admitted on Anthony Pompliano’s podcast. He asserted that the actions undertaken by the US Federal Reserve during the COVID-19...