Tag Archives: BTCGBP

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...

After expressing a pro-Bitcoin opinion for several consecutive months, SkyBridge Capital’s Anthony Scaramucci has outlined the merits of the second-largest cryptocurrency – ETH. Although he admitted that most institutions are still focused only on BTC, he hinted that his company could launch an Ethereum Fund in the future as well. Scaramucci Positive on Ethereum The former White House Director of Communications has been quite vocal regarding the cryptocurrency space since the...

The crypto market has reached a new all-time high today and is now worth over 2 trillion dollars. The push from financial institutions has played a crucial role in boosting the price of several high-market cap currencies like Bitcoin, Ethereum, and others. Another Milestone for the Crypto Community While this is an excellent achievement for the crypto-space, many crypto-users believe an even greater bull run is ahead, considering the institutional push and adoption for...

Popular business intelligence and software company MicroStrategy has continued to show no signs of slowing down on its bitcoin buying spree, adding more of the asset to its portfolio at every opportunity. The company’s CEO, Michael Saylor, recently took to Twitter to announce MicroStrategy’s latest bitcoin purchase, an addition of 253 BTC, to the company’s large bitcoin holding. MicroStrategy Holds 91,579 BTC According to Saylor, the bitcoins were bought in cash for $15...

The world’s largest cryptocurrency asset manager, Grayscale, has confirmed its commitment to convert the GBTC trust into a Bitcoin ETF. The company has filed documents with the US Securities and Exchange Commission indicating that it has completed all steps before such a transition.  Launched in 2013, Grayscale is a digital asset manager enabling institutional and accredited investors to receive exposure to BTC and other cryptocurrencies without worrying about storing and...

The popular investor Kevin O’Leary stated he will only buy bitcoin mined sustainably in countries around the globe using clean energy. He distanced himself from the so-called ”blood” coins mined in China, saying he will never purchase such. Bitcoin Mined in China Is a ”Blood” Coin The controversy around the environmental damage that bitcoin mining causes goes on. The chairman of O’Shares – Kevin O’Leary, is the next one to touch on the topic. During a recent CNBC interview,...

Bakkt, the Bitcoin futures platform launched and operated by the Intercontinental Exchange (ICE), has released its long-anticipated application. Dubbed Bakkt App, it would enable customers to interact with BTC and other crypto assets directly through the platform. Additionally, the company has partnered with several notable firms, including Best Buy and Starbucks. Bakkt App Arrives Launched in 2018, Bakkt enables institutional and accredited investors to receive BTC exposure...