Bitcoin (BTC)

Tesla has just bought a whole lot of bitcoin for itself, but according to a report by JPMorgan, people shouldn’t expect this move to be repeated by other major companies, as bitcoin is still too volatile to take seriously.JPMorgan Is Doubtful That Tesla Made Any Serious HeadwayThe electric car company owned and operated by South African entrepreneur Elon Musk recently made a real dent in the crypto space when it decided to purchase roughly $1.5 billion worth of the world’s number one digital...

Altseason is booming. Data from the popular monitoring resource Coin Market Cap shows that the total capitalization of all alternative cryptocurrencies currently stands just shy of $600 billion. This has reduced Bitcoin’s market dominance to 60%.With this said, we’ve selected five altcoins to keep a close look at in the following week.Yearn Finance (YFI)YFI needs no introduction. It’s the governance token for the Yearn Finance ecosystem, and it’s one that definitely made history....

Morgan Stanley might become the next major institution to jump on the Bitcoin bandwagon.According to a recent report by Bloomberg, a unit of Morgan Stanley Investment Management called Counterpoint Global is exploring whether or not BTC would be a suitable option for its current investors.Sourcing people familiar with the matter, the report says that moving ahead with an investment of the kind would require approval by regulators and by the company itself.It’s also worth noting that the...

Bestseller-Autor Nassim Nicholas Taleb hat gestern angekündigt, seine Bitcoin verkaufen zu wollen. Taleb ist unter anderem Autor von „Black Swan“, einem Buch, indem es vor allem um Robustheit und Fragilität geht. Darin schreibt Taleb – der unter anderem auch Mathematiker und Options-Trader ist – darüber, wie Marktmechanismen auch außerhalb der Börsenwelt genutzt werden können. Bitcoin News: Black Swan Autor verkauft seine BitcoinTalebs primäre Idee ist, Antifragilität im Leben zu erreichen,...

While the $1.5 billion bitcoin purchase from Tesla caught most crypto insiders and outsiders by surprise, Binance CEO Changpeng Zhao actually predicted the move over a month ago. Simultaneously, full-time BTC basher Peter Schiff was wrong (again) as he said that Elon Musk would not be “dumb enough” for such a move.CZ Was Wright About Tesla’s BTC PurchaseArguably the biggest news in the crypto industry this week came from the Palo Alto, California-headquartered electric vehicle and clean...

It’s been mostly green on the cryptocurrency market over the past couple of days and this is especially true for the skyrocketing altcoins. The total market capitalization stands at around $1.45 trillion whereas bitcoin’s dominance has been reduced to 60.3%.Bitcoin Struggling Below $50,000Just yesterday, Bitcoin made another attempt to reach the coveted $50,000 mark but unfortunately, it was unable to do so. The cryptocurrency peaked at a high of exactly $49,000 on Bitstamp.At the time of...

A move by US banks to adopt Bitcoin could be a huge call to legitimize the entire crypto industry and is likely to influence other global banks. As the cryptocurrency market capitalization almost tops $1.5 trillion, US banks are feeling the pressure from within Wall Street to accept Bitcoin and other digital assets as legitimate assets. According to media outlet CNBC, the United States major financial institutions are eyeing the crypto industry as it continues to disrupt the traditional...

La Commission des valeurs mobilières de l’Ontario, a approuvé jeudi le lancement d’un ETF Bitcoin [1] proposé par la société de gestion d’actifs Purpose Investments en partenariat avec la plateforme Gemini. Le fonds devrait entrer à la cotation à la Bourse de Toronto dès la semaine prochaine sous le sigle BTCC. « Purpose Investments Inc. a le plaisir d’annoncer son autorisation par les autorités canadiennes en valeurs mobilières à...

BitPay is joining forces with Apple Pay as more institutions are inclining toward cryptocurrencies, influenced by Tesla’s $1.5B investment in Bitcoin.Atlanta-based crypto payment provider BitPay has taken a step further with cryptocurrency transactions by incorporating Apple Pay into its platform. Now users can add the Mastercard Prepaid service to Apple Pay.This integration will allow users to spend their crypto in a secured, fast manner as well as turning them into US Dollars, the company...

Investors want to get their hands on Bitcoin, and the big banks are already considering supporting the cryptocurrency so as not to be left behind.After a remarkable price recovery, Bitcoin seems to have stood the test of time, proving to naysayers that it is a reliable asset and an excellent store of value in the long term.Investors are taking note, and it seems that the constant pressures exerted by these groups on the banking sector are indeed yielding good results.JP Morgan:”We Will Have...