Tag Archives: BTCGBP

The founder of the investment bank Moelis & Company – Ken Moelis – asserted that his institution is fond of the crypto market. He opined that people nowadays are just as crazy about digital assets as they were about gold back in 1848. Crypto Might Come to Moelis & Company In a recent Bloomberg interview, Ken Moelis shared his thoughts on the future of cryptocurrencies alongside his personal opinion about them. Despite saying that it is not likely to invest his...

The founder of SkyBridge Capital – Anthony Scaramucci, is not stunned by the recent decline of bitcoin’s USD price. Just the opposite, he believes that its fiat currency value will reach new heights in the next 24 months. BTC Will Be Back In a recent CNBC interview, the American financier Anthony Scaramucci reassured the supporters of the primary cryptocurrency that it will overcome its current downward volatility. He reminded that Bitcoin’s performance in 2021 is still...

Wikipedia has listed Bitcoin (BTC) as one of El Salvador’s official currencies —shortly after, the country turned BTC into an official legal tender approved by a supermajority in the Salvadoran Congress. Wikipedia now lists #Bitcoin as El Salvador’s currency. pic.twitter.com/JfbdoeBumB — Documenting Bitcoin ? (@DocumentingBTC) June 9, 2021 El Salvador became the first country to accept Bitcoin as a legal tender. It will take 90 days for the law to be enacted, which will...

Bitcoin is up by 12% from yesterday’s low of $31,000, according to Bitstamp, and is currently battling to climb above a descending trend line that spans the first week of June. The primary cryptocurrency saw a turbulent week after breaking beneath the previous symmetrical triangle pattern on Monday. BTC kept sliding following the bearish breakout as it even broke the late-May support at $33,500 and continued lower yesterday to hit the low at $31,000, which was the lowest...

Bitcoin’s price is nearing a critical level as the 50-day moving average is close to the 200-day moving average. The so-called death cross typically results in significant price volatility, with history suggesting two possible outcomes. Scenario 1: Bitcoin Goes Down Hard Ever since BTC peaked in mid-April at $65,000, the cryptocurrency has failed to continue or even maintain its run. Just the opposite, the asset has lost roughly 50% of its value in less than two months. By...

An anonymous buyer paid the record-breaking $22.5 million in digital assets to acquire a deluxe penthouse in Miami Beach. The deal became the most expensive known residential transaction paid with crypto. The Pearl of Arte Surfside Sold for Crypto In a recent press release, Forbes announced that an individual purchased an exclusive oceanfront condo located in the Surfside neighborhood in Miami for the colossal sum of $22.5 million. The buyer used cryptocurrencies to obtain...

American billionaire hedge fund manager Marc Lasry said he should have bought “a lot more” Bitcoin (BTC) a few years ago. During a CNBC’s Squawk Box interview, Lasry commented on BTC’s performance and 2020’s bull run. He regrets not buying more as the price surge happened a lot quicker than he thought —mainly due to institutional investors embracing cryptocurrencies and widespread adoption by governments and other corporations. “I think the probability, as more and more...

Tim Wu – a leading antitrust expert at the White House – owns between $1 and $5 million in bitcoin. His crypto investment represents the largest chunk of his portfolio. The Critic Turned out to Be a HODLer According to Politico, Tim Wu – who is also an attorney and a legal scholar – holds Bitcoin at least $1 million, representing between 25% and 43% of his total assets. He also holds between $100K and $250K worth of Filecoin (FIL). It is worth noting that the 49-year-old...

With the latest price fluctuations with BTC’s price, it’s worth reviewing how different investors are interacting with their holdings. From one side, centralized exchanges saw the largest daily withdrawal in the year, but, on the other, Bitcoin-related products saw the most significant outflows worth $141 million. Largest BTC Withdrawals This Year By outlining data from Glassnode, Lex Moskovski, the Chief Investment Officer at Moskovski Capital, showed the recent spike in...

The United States Department of Justice said that it recovered over $2 million worth of bitcoin, which was the majority of the ransom paid by the U.S. oil pipeline giant Colonial Pipeline to cybercriminal group DarkSide. DoJ Recovers 63.7 BTC The DoJ made the announcement in a press release on Monday (June 7, 2021). According to it, the department retrieved 63.7 bitcoins, worth $2.1 million, at the time. The operation was undertaken by the Ransomware and Digital Extortion...