Tag Archives: BTCEUR

A few months after questioning bitcoin’s store of value status, Tom Jessop, the head of Fidelity Digital Assets, stated that BTC and the entire industry are at a “tipping point” in terms of maturation and global adoption. He breached the COVID-19 pandemic and the “ultralow” interest rates as the most significant reasons behind crypto’s rise. Tipping Point for Bitcoin Adoption Fidelity Investments has been among the most receptive institutions when it comes down to the...

Bitcoin mining company Riot Blockchain has decided to expand its mining capacity by purchasing 42,000 S19 Antimners from Bitmain, a Hong Kong crypto-mining products manufacturer. The purchase was worth at least $138.5 million and it’s part of the company’s plans to increase its Bitcoin mining hashrate, aiming at 7.7 EH/s by mid-2021 (an increase in the target by more than 90%). Riot Blockchain Exceeding its EH/s Expectations. Bitmain will be delivering 2000 S19j Antiminers...

Shortly after the oldest US-based bank entered the cryptocurrency space, so has done the second-oldest – State Street Corporation. The banking giant with $3 trillion in assets under management will allow the London-based Puremarkets to use its Currenex platform for digital asset trading.  Launched by Puremarkets Ltd., Pure Digital is advertised as an “interbank marketplace for cryptocurrency price discovery and exchange of wholesale risk.”   According to an announcement from...

Jason William Siesser, a Missouri man, tried to buy a hazardous chemical weapon on the dark web paying for it with bitcoin. He told the potential seller that he intended to use it soon, thus killing up to 300 people. Another Purchase on the Dark Web via Bitcoin A recent example of using the primary cryptocurrency as a payment option comes from Missouri, where a man tried to buy a deadly chemical weapon on the dark web. According to federal authorities, 46-year old Jason...

A week prior to its direct listing on NASDAQ, Coinbase has posted preliminary Q1 data indicating a massive increase in its userbase and revenue. The trading volume has increased by nearly 300%, the revenue is about $1.8 billion, and more than 11% of all crypto assets are stored on the platform. Coinbase’s Record-Breaking Q1 The largest US-based cryptocurrency exchange published its Q1 results yesterday, showing a substantial growth in every area compared to previous...

Bitcoin fell by a sharp 4% so far today as it dropped as low as $55,600. The cryptocurrency had started the month with another attempt to breach the $60,000 benchmark level. Unfortunately, it was unable to overcome this resistance through the week as it set a range between $60,000 and $57,000. Today’s price drop caused bitcoin to break beneath this range as mentioned above. As of writing these lines, and as seen on the following 4-hour chart, it is currently holding the...

The existing regulatory framework around cryptocurrency restricts Goldman Sachs from implementing its projects covering digital currencies, said the bank’s CEO, David Solomon. He added that customer demand has skyrocketed in recent months, which is the reason behind GS’s proactive crypto approach. US Rules Bring Challenges for Institutions Engaging with BTC Founded in 1869, Goldman Sachs is a giant US multinational investment bank that has displayed a somewhat controversial...

The bears had the upper hand in today’s trading session as markets are red across the board. Bitcoin’s price dipped to $55,600, causing a serious number of liquidated long positions. Bitcoin’s price took a turn for the worst today and declined from an intraday high of around $58,600 to a low of $55,600, losing $3,000 from its dollar value. At the time of this writing, the price hovers indecisively around $56,000. BTC/USD. Source: TradingViewThe entire cryptocurrency market...

After releasing physically-backed exchange-traded products tracking the performance of Bitcoin (BTC) and Ethereum (ETH) earlier this year, CoinShares has expanded its portfolio with the addition of a Litecoin ETP. Litecoin ETP Arrives from CoinShares According to an announcement from April 6th, CoinShares has released another exchange-traded product tracking the performance of a cryptocurrency asset called CoinShares Physical Litecoin. The company revealed that the base fee...

Ripple’s CEO Brad Galinghouse has clarified his stance on bitcoin, clarifying that he has not argued for a ban against it. Nevertheless, he outlined that one transaction with BTC requires about 75 gallons of oil and noted that the entire crypto space should aim at turning bitcoin mining into a clean energy business. Garlinghouse on BTC’s Carbon Footprint BTC’s rapidly expanding price garnered the attention of the world. While some were quick to praise the assets for its...