Tag Archives: BTCGBP

The General Service Administration, a part of the US government, has successfully auctioned off 0.7501 bitcoins. Although the portion of sold BTC is not that impressive, what’s intriguing about this purchase is that the buyer paid a substantial 21% premium due to the high number of bidders.US Government Sells Bitcoin With a PremiumThe GSA is a government agency that typically auctions surplus vehicles or office supplies. However, it has decided to expand its portfolio by enabling citizens to...

Although BTC has surged to about $60,000 and its market cap is well above $1 trillion, SkyBridge Capital’s Anthony Scaramucci envisions even further price increases. He compared the asset’s performance to Amazon’s stock and doubled-down on his belief that bitcoin is better than gold.Bitcoin and Amazon ComparisonEver since SkyBridge Capital announced plans to launch a Bitcoin Fund last year, the founder, Anthony Scaramucci, has used every opportunity to defend and praise the cryptocurrency on...

Bitcoin is up by a strong 7.5% today as the cryptocurrency grinds back toward the $60,000 level, this becomes even more impressive as Wall Street indices are down 1-2%. Decoupling? so far, so good.Quick recap: BTC had reached a new ATH over the weekend as it hit $61,780 (Bitstamp) on Saturday. From there, it rolled over during the start of this week, whereas on Tuesday it hit the current weekly low at $53220. There, support was found upon an ascending trend line that started forming on...

The US government sent another set of stimulus checks to its citizens following the most recent relief bill signed by President Joe Biden. Interestingly, two surveys asking people how they plan to utilize the funds indicated that about 10% will be allocated in cryptocurrencies.10% of Americans to Put Stimulus in Crypto?Earlier this month, the 46th President of the United States signed the latest relief bill, which indicated that US citizens will receive $1,400 stimulus checks. Last Friday,...

While Morgan Stanley and JPMorgan have taken a more pro-BTC approach, another giant US financial institution, Bank of America, has issued a report bashing the asset. In it, researchers called bitcoin impractical, exceptionally volatile, and questioned its store of value status.BoA Slams BitcoinCited by the Financial Times, the Bank of America’s report on bitcoin took a stab at several attributes, including its highly volatile nature. The researchers claimed that this “exceptional volatility”...

Meitu is a software development firm listed on the Hong Kong Stock Exchange, most known for its selfie-editing app. The app was massively popular in China before adding built-in filters and editors to major social media platforms.Since then, however, the company has struggled to find new avenues of growth. Now, the company is following other major corporations’ footsteps and buying cryptocurrency, not only because they believe the price will go up.Hundred-Million Dollar Buy-InToday, Meitu...

Billionaire US investors and writer Howard Marks is among the latest prominent individuals to warm up to bitcoin. In a recent interview, he regretted calling the cryptocurrency “unfounded fad” by saying that his comments were a “knee-jerk reaction without information.”Marks Changes his Tune on BTCBeing a relatively new invention aiming to revolutionize the stagnant traditional financial industry, bitcoin was the subject of numerous attacks, neglections, or mere dismissals.However, its...

Just a few months after America’s oldest bank announced bitcoin custody services, the Wall Street giant Morgan Stanley will start offering its clients access to BTC funds. Nevertheless, the bank has outlined bitcoin’s risky nature and said that only people with “an aggressive risk tolerance” should take advantage of the service. By citing an internal memo sent by Morgan Stanley to its financial advisors, CNBC reported the significant milestone in BTC’s adoption cycle earlier today. The...

The short-term bearish momentum for Bitcoin continues, following another 3.5% price decrease today as the cryptocurrency dropped by a total of $2,000 into the $55K zone.BTC had been performing well last week as it followed a steep ascending price channel and even managed to create a fresh ATH over the weekend at $61,780 (according to Bitstamp). From, there, it started to head lower as it broke beneath the ascending channel on Monday.The cryptocurrency found support at $54,560 (.382 Fib) on...

Retail investors have finally arrived at the bitcoin scene and have outbought institutions, claimed analysts from the giant multinational investment bank – JPMorgan Chase & Co. By analyzing data on popular retail-oriented brokerages, such as Square and PayPal, they concluded that smaller investors had bought nearly 190,000 bitcoins so far in this quarter.Retail Has ArrivedThe cryptocurrency community speculated for months if or when retail investors would come for BTC. After all, the...