Just yesterday, Live Bitcoin News reported that the Securities and Exchange Commission (SEC) was looking into the possibility of suing Ripple, one of the top five cryptocurrency ventures in the world. Now, it looks like “looking into” has become “taking legal action,” as the governing financial agency has filed charges against the firm for allegedly ignoring securities advice and selling unregistered tokens.Ripple and the SEC Will Go Head to Head in CourtThere has been a lasting argument...
Read More »Bitcoin Arrives At NFL: Carolina Panthers’ Russell Okung to Receive Half of His Salary in BTC
Carolina Panthers tackle Russell Okung is doubling up his Bitcoin game. The well-known Bitcoin evangelist announced that he would receive 50% of his total salary in Bitcoin.This makes Russell Okung the first NFL player to be paid with Bitcoin —or any crypto to be fair, giving BTC a further boost as it keeps making headlines in recent weeks with news of more adoption and interest from institutional investors.A $6.5 Million Touchdown for BTCThe initiative must be approved by both the NFL and...
Read More »JPMorgan Chase: Institutional Trading Is Necessary for BTC to Stay Afloat
According to analysts at JPMorgan Chase & Co., institutions must invest in bitcoin if it’s going to remain at the top of the financial ladder.JPMorgan: There Is No Bitcoin Without InstitutionsThe monetary giant recently published a new report suggesting that money flowing into items such as the Grayscale Bitcoin Trust are necessary if bitcoin is going to continue to thrive. Should this investing stop or slow suddenly, the currency – which recently reached an all-time high beyond $24,000 –...
Read More »Grayscale’s AUM Hits $19B, Up from $16.4B Announced Week Ago
While it may be too early to project the possible performance of Grayscale in 2021, the spate of patronage the company recorded in the last two quarters of 2020 looks quite inspiring.In what confirms the continued embrace of Bitcoin (BTC) and altcoins by institutional investors and the big-money clients, Grayscale’s total Assets Under Management (AUM) has been reported to top $19 billion, a significant uplift from the $16.4 billion reported a week ago. According to a report by CoinDesk,...
Read More »Anthony Scaramucci Becomes Latest Professional Trader to Love BTC
2020 has been the year of institutions, and Sky Bridge Capital – a hedge fund driven by Anthony Scaramucci – has decided to join the ranks. The company recently invested more than $25 million into the world’s largest and most popular digital currency by market cap after filing the appropriate paperwork with the Securities and Exchange Commission (SEC) early last week to form what’s now known as the Sky Bridge Bitcoin Fund L.P.Scaramucci Sees Bitcoin as Completely NecessaryThe company has...
Read More »Altcoin Rally Dimming Bitcoin’s Shine, Polkadot Gains 34% in One Week
Polkadot (DOT) saw daily gains of 22.5% wrapping up an impressive week with an almost 34% rise in its value.Bitcoin bullish run looks to have come to a halt amidst an altcoin rally which has seen relatively lower coins put up impressive performances in the past few weeks. Bitcoin dominance is gradually fading as many experts believe the biggest digital coin is backing down as some top altcoin are showing strong “moves” or signals. Bitcoin hit an all-time high over the weekend, the third time...
Read More »Miami’s Mayor ‘Open To Explore’ Investing 1% of City’s Treasury Reserves in Bitcoin
In an interesting twist of events, the Mayor of Miami, Francis Suarez, has said that he’s open to exploring the idea of putting 1% of the city’s treasury reserves in Bitcoin.Earlier today, well-known Bitcoin permabull and proponent Anthony ‘Pomp’ Pompliano came up with an interesting tweet. He urged his followers to retweet it if they “would move to Miami if Mayor Francis Suarez put 1% of the city’s treasury reserves in Bitcoin.”Less than an hour later, the tweet has been shared over 1,200...
Read More »RIOT Stock Registers Unprecedented Rally, Riot Blockchain Valuation Soars Above $1B
Following the Bitcoin all-time high on Sunday, December 27, Riot Blockchain stock registered 20% gains on Monday’s trading session. The stock has already appreciated by 13x this year. Apart from BTC, investors of Bitcoin mining companies are making a bomb in the market.Bitcoin mining giant Riot Blockchain is making all the news in the market at the moment. On Monday, December 28, Riot Blockchain Inc (NASDAQ: RIOT) stock price surged a massive 20% surging past $15.5 levels. One of the biggest...
Read More »Room To Grow: Bitcoin Price Has More Upside According to Social Sentiment
Despite surging in value to fresh all-time highs, the community’s social perspective on bitcoin hasn’t peaked yet, unlike previous bull runs. Since euphoric levels are typically a good indicator of an upcoming correction, this raises discussions if the current levels suggest that BTC is still a long way from its top.Positive But Not Euphoric On BTCBitcoin has enjoyed the past few weeks, especially after it broke above $20,000 for the first time in mid-December. The cryptocurrency continued...
Read More »Velo Trust: Bitcoin OTC Desk Review
Take a closer look at this Bitcoin OTC Desk for large-volume traders.Placing large trades on conventional cryptocurrency exchanges can be a costly exercise. Not only do you have to deal with the phenomenon known as slippage, which is when the market moves against you before your trade can be completed, but many exchanges have low transaction limits that may be insufficient for your needs.Velo Trust is an OTC (over-the-counter) desk that aims to overcome these problems. Developed for bitcoin...
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