Grayscale Bitcoin Trust pockets another 16,000 Bitcoins in a single day taking its net asset under management above $23 billion. The recent BTC purchase was 18x more than what Bitcoin miners added to the supply.Just a day after Coinspeaker reported that Grayscale raised $700 million and triggered its Bitcoin-buying spree, we have yet another massive BTC purchase from the digital asset manager. On Monday, January 18, the Grayscale Bitcoin Trust (GBTC) purchased over 16,000 Bitcoins at around...
Read More »Cardano (ADA) Price Analysis: Dips Supported Near $0.32
ADA price rallied above the $0.3000 and $0.3500 resistance levels against the US Dollar.The price is now correcting gains from $0.3982 and it is well above the 55 simple moving average (4-hours).There is a crucial bullish trend line forming with support near $0.3220 on the 4-hours chart (data feed via Kraken).The price is likely to continue higher as long as it is above the $0.3200 support in the near term.Cardano price is correcting gains from the $0.4000 zone against the US Dollar, while...
Read More »Deutschland: BaFin warnt vor Bitcoin-Hype
Die Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) ist eine rechtsfähige deutsche Bundesanstalt mit Sitz in Frankfurt am Main und Bonn. Sie untersteht der Rechts- und Fachaufsicht des Bundesministeriums der Finanzen. BaFin warnt Verbraucher vor Risiken bei Investments: Die BaFin nimmt die Kursentwicklung auf den Märkten für Kryptowerte zum Anlass, Verbraucherinnen und...
Read More »KuCoin Trading Bot Is Now Live
KuCoin Trading Bot Is Now Live, A New Way To Make Passive Income The KuCoin Trading Bot is now online, providing a better trading experience for users. Users can experience the KuCoin Trading Bot for free via the latest version of the KuCoin App, making stable passive income easier. The KuCoin Trading Bot currently supports “Classic Grid” and “DCA”. We will continue to add...
Read More »Defi Tokens Are Continuously Outshining Bitcoin
Bitcoin is trading for just over $36,000. Despite a recent $4,000 drop, the asset is still considered to be doing well by analysts and industry experts alike. However, the cryptocurrency is once again being outdone by several smaller coins, particularly those in the decentralized finance (Defi) space.Defi Is Seriously Outdoing the Ranks of BitcoinBitcoin has added roughly 300 percent to its price over the past year. It is the largest and most popular cryptocurrency by market cap, and has thus...
Read More »After $750M Bitcoin Allocation, Ruffer Investment Says BTC is Early in Its Safe Haven Cycle
Amid the recent warnings issued by the UK Financial Conduct Authority on crypto scams, the giant asset manager Ruffer Investment has defended its decision to allocate about 2.5% of its portfolio in BTC.The UK-based company with over $27 billion AUM said that bitcoin’s adoption is still early as most investors are “desperate” for alternative safe-haven instruments during these challenging times.Ruffer Investment Doubles-Down On BTCCryptoPotato reported in December that the founded in 1994...
Read More »Officials in Iran Claim Bitcoin Mining Has Caused Several Energy Blackouts
Over the weekend, Iran was the victim of several energy blackouts that saw entire electrical grids go dark for hours at a time. Now, government heads are saying that bitcoin mining may have had something to do with these blackouts.Iran Suffers Blackouts; BTC Mining to Blame?Iran – like many of the world’s nations – has been hit hard by the coronavirus pandemic. The nation is under heavy economic stress and often sees its energy sectors mismanaged by those who have been put in charge. However,...
Read More »La Commission d’enrichissement de la langue française met à jour le vocabulaire des actifs numériques
La Commission d’enrichissement de la langue française s’est à nouveau penchée sur les termes relatifs aux actifs numériques. Le résultat de ses travaux a été publié vendredi dans le JORF (journal officiel de la République française) qui consigne toutes les publications légales. Ce lexique s’ajoute à celui proposé en mai 2017 : Actif numérique (équivalent étranger : digital asset)Définition : Actif constitué par des données numériques,...
Read More »Kevin O’Leary: Nothing Exists to Justify BTC Investments
Kevin O’Leary of “Shark Tank” fame is in the news again for doing nothing other than bashing bitcoin for the umpteenth time. It just goes to show you that no matter how well bitcoin does, there are many doubters out there that will likely continue to spew angry or negative words towards what appears to be a growing store of value.Kevin O’Leary: Bitcoin Is a “Nothing Burger”Bitcoin is presently trading for well over $36,000. This is more than five times its size in January 2020. Nothing could...
Read More »Bitcoin Exchange Owner Sues Australian Banks For $290K For Accounts Closure
The legal battle comes as the Aussie man allegedly suffered significant losses in his crypto business after the banks, Westpac and ANZ, shut down his accounts, local media reported Monday.According to the proceedings filed at the ACT Civil and Administrative Tribunal, Allan Flynn alleged that the banks’ action was illegal as they closed his accounts without any prior warning or reason. 20 Accounts Closed In Three YearsFlynn owns an AUSTRAC-registered crypto exchange with about 450 customers....
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