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Tag Archives: btcusd

Bitcoin Price Primed For a Leg Up as Demand and On-Chain Data Favorable, Analysis

Although bitcoin’s price continues to struggle at $60,000, on-chain data indicates several bullish developments for the primary cryptocurrency. Institutional investors have only intensified their purchases, long-time HODLers and miners refuse to sell, and the BTC stored on exchanges keeps declining. On-Chains Data Suggests Skyrocketing BTC Demand As CryptoPotato reported before, the number of bitcoins held on cryptocurrency exchanges has been declining for a while. More...

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Mike Novogratz’s Galaxy Digital Filed for Bitcoin ETF With the SEC

The number of companies filing to receive approval to launch a Bitcoin ETF in the US continues to increase with the addition of Mike Novogratz’s Galaxy Digital. If approved, the Galaxy Bitcoin ETF will trade on the NYSE Arca exchange.  Based in New York, Galaxy Digital is a diversified financial services firm dedicated to the cryptocurrency and blockchain industry. The company has made another pro-crypto step by filing with the US Securities and Exchange Commission to launch...

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Binance Coin Sets a New ATH Surpassing $600 Ahead of The BNB Quarterly Burn

The growing anticipation for the 15th Binance Coin burn led to a highly volatile trading day in which the token surged to yet another all-time high of roughly $640 before dumping by over $100 in minutes. Interestingly, the enhanced fluctuations resulted in over $125 billion in BNB liquidated in hours. 15th Binance Coin Burn Incoming Initially, as stipulated in BNB’s whitepaper, the token goes through a burning process every quarter in which Binance buys and destroys BNB worth...

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MicroStrategy Directors Now Receive Board Fees in Bitcoin

MicroStrategy, a publicly-listed company spearheaded by Michael Saylor, who’s arguably one of Bitcoin’s biggest proponents, will now pay the board fees to its non-employee directors in bitcoin. According to a new filing with the United States Securities and Exchange Commission (SEC), MicroStrategy has modified the compensation arrangements for non-employee directors. Per the document, they will “receive all fees for their service on the Company’s Board in bitcoin instead of...

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You Can Now Trade Tesla as Tradable Stock Tokens on Binance

By partnering with a German-based investment firm and Switzerland’s Digital Assets AG, Binance will introduce zero commission tradable stock tokens. Each new coin will represent one share of equity stock and will be fully backed by a depository portfolio of underlying securities. The first such token will be Tesla. Binance Launches Commission-Free Tradable Stock Tokens The leading digital asset exchange, Binance, announced its latest development in a press release shared with...

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Bitcoin’s Market Cap Now Bigger Than Visa and MasterCard Combined

Apart from surpassing the $1 trillion level, bitcoin’s market capitalization is now worth more than two of the largest financial service companies – Visa and MasterCard – combined. Moreover, BTC’s market cap is also higher than several of the largest US-based banks, including JPMorgan, Bank of America, and Citigroup. Bitcoin Above Visa and MasterCard The previously referred to as “magical internet money” has been on a mind-blowing bull run since early October when it dabbled...

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Grayscale Adds $1 Billion in Bitcoin, Nears $50 Billion in Total AUM

Investment giant Grayscale recently added another $1 billion worth of Bitcoin in almost 24 hours. Now, the firm nears the $50 billion mark with $46.1 billion in total assets under management (AUM) AUM Growing As reported by CryptoPotato recently, the investment firm increased its total AUM by more than $3 billion, shortly after expanding its crypto-trust offerings by adding five new tokens for their eligible accredited investors.  04/09/21 UPDATE: Net Assets Under...

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Bitcoin Price Can Reach $400K Thanks to Institutional Adoption: Bloomberg

The price of bitcoin could surge multi-fold from its current level to $400,000 as its institutional adoption has intensified, noted Bloomberg analysts. In their recent report on the primary cryptocurrency, they also suggested that BTC is replacing the “old-guard” gold more “sudden than gradual.” Bitcoin to Reach $400K? In the latest monthly report on BTC’s performance, Bloomberg’s analysts, led by senior commodity strategist, Mike McGlone, outlined the $50,000 price mark as...

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Canadian Broker Enables Bitcoin, Ethereum, and Ripple Payments

The narrative that cryptocurrencies are not used as payment methods continues to be debunked, with numerous companies enabling such transactions lately. One of the largest Canadian brokers, Matrix Mortgage Global, is the latest to introduce payments with Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), and some stablecoins. Mortgage Payments with Crypto Founded in 2008, Matrix Mortgage Global enables customers to receive financing on housing that has carried...

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Bitcoin Struggling at $60K: Stellar (XLM) Enters Top 10 After 25% Surge (Market Watch)

Despite overcoming its nemesis at $60,000 yesterday, bitcoin’s struggles with that particular benchmark level continue as the asset has dipped beneath it. Most altcoins have also retraced slightly, with the apparent exception of Ripple (XRP), which surged to a new 3-year high of $1.4 following more positive news in the ongoing legal battles with the SEC. Bitcoin Dips Below $60K Once Again After a three-week-long wait, bitcoin finally overcame $60,000 yesterday. Furthermore,...

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