Tag Archives: BTCEUR

The long wait is over. Bitcoin has finally managed to peak above the coveted $20,000 and setting a brand new all-time high. Apart from a brief period back in 2017 on one particular exchange, the coin hasn’t traded above this level throughout its history.Bitcoin Jumps Above $20,000 Setting New ATHTo say that the last couple of months have been exciting for Bitcoin aficionados would be an understatement. The primary cryptocurrency went on a streak, increasing tremendously, dragging the entire...

Ruffer Investment, a London-based asset manager with $27 billion in AUM, is the latest large company to purchase a considerable amount of bitcoin. The company has allocated 2.5% of the portfolio of one of its funds, translating into a purchase of about $15 million worth of BTC.UK Asset Manager Replaces Gold With BTCThe cryptocurrency community has discussed widely in the past few months that some institutions have taken funds out of gold investments and allocated them into bitcoin. While most...

Bitcoin price has been oscillating within a narrow $450 range for the past 3 days now as bulls struggle to break over the 0.5 Fibonacci Extension level at $19,480. This area between $19,044 and $19,480 is the same spot that BTC was stuck inside of during December 5 – 8, right before prices tanked by $1,560.According to Bitcoin’s volatility chart (BVOL24H), the leading crypto has fallen by almost 43% since December 9th, and the global crypto market capital has also started pushing sideways....

After a threat of a lawsuit for displaying Bitcoin scams, The Guardian Australia launched an investigation to determine the nature of the increasing number of similar fraudulent activities. It concluded that there’s a group of fraudsters operating a massive global enterprise based in Moscow, Russia.Global BTC Scam Organization RevealedCryptoPotato reported in early October that the giant news media displayed a number of false Bitcoin advertisements that impersonated famous individuals. The...

Mt. Gox users fallen victim to an infamous hack in 2014 are closer to receive reimbursement as the debunked exchange’s trustee finally filed a draft rehabilitation plan. The Tokyo District Court and an examiner will now review the proposal and determine the following steps.CryptoPotato reported in October that the Tokyo District Court had issued an order to postpone the submission deadline for the rehabilitation plan to December 15th. This was the second delay in 2020.Today’s announcement...

Cynthia Lummis, Wyoming’s newly-elect Senator, doubled-down on her bullish stance on bitcoin in a recent podcast appearance. She hoped to introduce BTC to the government scene as she believes that the cryptocurrency should work alongside fiat currencies.The “Bitcoin Senator” On BTC Working With FiatAs reported by CryptoPotato in early November, Cynthia Lummis became the only elected female Senator during the 2020 elections and the first female Senator from Wyoming. Additionally, she has been...

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,...

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...

After reclaiming the $19,000 bitcoin’s chances to break above $19,400 seem more likely. Most altcoins have slightly increased their value in a day, with Ethereum closing down to $600.Bitcoin Stays Above $19KFollowing last week’s roller-coaster that resulted in bitcoin dipping to $17,500 on two occasions, the primary cryptocurrency started to gain value during the weekend.CryptoPotato reported that the asset firstly overcame $18,000 before doing the same with the $19,000 level. In the past 24...

The American multinational investment bank, JPMorgan Chase & Co, believes that bitcoin has grasped the attention of institutional investors, and further purchases will follow. The giant bank highlighted the recent $100 million BTC buy from the insurance company MassMutual as a significant turning point.JPM: Institutions Are Yet To Double-Down On BTCThe global events that transpired following the COVID-19 outbreak rattled world economies. Whether this is the primary reason, or perhaps...