Tag Archives: BTCGBP

The Biden administration reportedly plans to take severe measures on the use of digital assets in ransomware attacks by starting to track such transactions. Crypto Tracing to Combat Cyber Attacks The governing body of the USA discussed how to combat the growing number of ransomware attacks during a virtual briefing with members of Congress. According to Bloomberg, the Biden administration will begin tracing digital assets sent to hackers, who harm firms, corporations, and...

In a recent interview for Natalie Brunell’s Coin Stories, MicroStrategy’s CEO also indicated that BTC is among the few assets fitting the criteria of potential upside movements by a factor of 100. Saylor: No BTC Price Can Make Me Sell Bitcoin It has been almost a year now since the man who founded and runs MicroStrategy announced the company’s first massive BTC purchase worth more than $200 million. In the following eleven months, the NASDAQ-listed business intelligence giant...

Going through the most significant price pullback in this cycle, approximately 55% from the all-time high set in April, there is considerable uncertainty in the Bitcoin market from technical and on-chain analysts’ perspectives. Figure 1– Bitcoin daily price history since December 2020. Chart by Glassnode The following analysis is compiled by on-chain analyst CryptoVizArt for CryptoPotato, and looks into the on-chain side of the story to evaluate the bullish/bearish signs....

The global payments giant Visa has approved the issuance of a physical debit card that will allow Australians to spend their bitcoins at local stores and leisure venues. The inovation will enable customers to make direct purchases with crypto instead of converting digital assets to fiat money. First BTC Spending Card in Australia According to the Australian Financial Review report, Aussies will soon be able to spend cryptocurrencies via a new debit card created by the local...

BTC started the week with a 7% pullback, a jump in BTC Bitfinex Shorts, and uncertainty over Grayscale’s GBTC unlock. On-chain analysis detected Net Exchange Inflows and increasing Bitfinex Shorts before BTC started its latest price dump, as can be seen on the following charts: BitFinex shorts accumulating before the recent BTC crash Netflows of BTC. Daily chart by CryptoQuantHowever, the good news for the bulls is that there are signs of large investors stepping in and...

Cryptocurrencies took center stage in 2021 as the market went through a massive bull run where the price for bitcoin skyrocketed to an all-time high of $65,000 in mid-April, and many other cryptocurrencies followed suit. This attracted a lot of attention even from institutional players and large, publicly-listed companies. The elephant in the room is obviously Tesla. Elon Musk’s electric car maker announced that it had bought $1.5 billion worth of BTC back in January and even...

A few weeks after the initial filing with the US Securities and Exchange Commission, Capital Group’s allocation in MicroStrategy has become official. The giant financial firm with over $2 trillion in AUM has bought nearly 1,000,000 shares in the business intelligence company holding more than 100,000 bitcoins on its balance sheet. The financial services company based in Los Angeles, California, filed with the SEC in late June but Walter Burkley, the Senior Vice President at...

The world’s largest digital asset manager, Grayscale Investments, has partnered with America’s oldest bank BNY Mellon. As a result, the banking giant will provide the Grayscale Bitcoin Trust with fund accounting and administration starting later this year. The announcement from Grayscale states that as of October 1st, 2021, BNY Mellon will become an official partner with several services oriented towards the company’s largest fund. Namely, the oldest US bank will “provide the...

The Co-Chief Investment Officer at SkyBridge Capital believes that Bitcoin (BTC) and Ethereum (ETH) would be the leading assets in terms of a store of value. Furthermore, he opined that the primary cryptocurrency would become the main financial instrument for transaction use. Bitcoin and Ethereum as Store of Value Assets Despite the ongoing crypto market downturn, SkyBridge Capital’s CIO – Troy Gayeski – praised Bitcoin as an asset class and highlighted its benefits. In a...

BTC is down by a minor 1.5% today as it struggles to maintain support area amid $33K. It is trading within a narrow range between $36,000 and $32,000 during the first half of July, and all signs point to an upcoming huge move. The volume for July has remained painfully low, especially during the last two weekends, which saw the two lowest volume days. This, combined with the drawn-out consolidation period, has many traders waiting for a huge move ahead, which would dictate...