Tag Archives: btcusd

The Grayscale Investments has increased its Bitcoin holdings by 60,000 coins in the past 100 days – equal to roughly one-third of all Bitcoin produced at that time.Given that 88% of Grayscale’s customers fall into the institutional category, this latest finding could be a bullish indicator of how the business class views Bitcoin.Grayscale Rapidly Increasing Bitcoin HoldingsIndependent research posted to a cryptocurrency sub-Reddit tracked the number of Bitcoins in the Grayscale Bitcoin Trust...

Bakkt, the Bitcoin futures contract platform of the Intercontinental Exchange (ICE), has partnered with an insurance broker to increase its coverage by an additional $500m. The company also announced the onboarding of 70 new institutional clients and the expansion of its loyalty program.Bakkt Increased Its Insurance CoverageEarlier today, Bakkt’s President Adam White shared a blog post regarding the latest developments coming from the firm. Firstly, Bakkt has partnered with Marsh – one of the...

The author of the beloved Harry Potter books, J.K. Rowling, recently asked crypto Twitter to explain Bitcoin to her. Needless to say, hundreds of leading community members answered, including some of the most influential cryptocurrency proponents like Changpeng Zhao, Vitalik Buterin, and even Elon Musk. However, the renowned author had her fair share of informational inflow as she vowed never to be “flippant about Bitcoin on Twitter.” J.K. Rowling Had Enough of Bitcoin As CryptoPotato...

Founder and CEO of Social Capital, Chamath Palihapitiya, and current Los Angeles Clippers owner Steve Ballmer were the latest popular individuals to had their names involved in fake Bitcoin giveaways on YouTube.With the rising number of similar scams on social media platforms, the question remains on the potential consequences on the community and legitimate cryptocurrency content creators.Steve Ballmer. Photo by: CBSsportsFake Bitcoin Giveaways ContinueDuring the weekend, scammers...

Bitcoin wakes up to a new week following a volatile weekend: After reaching down to $9100 on Friday, the following two weekend days were quite bullish for the primary cryptocurrency.Bitcoin regained position, and since the Friday’s low, the price had been climbing nicely to the same devastating resistance area below the $10,000 mark.However, as of writing these lines, the price quickly rejected and plunged below the $9600 zone. This Is the third attempt to break the benchmark level over the...

Bitcoin took another shot at $10,000 today as its price reached $9,960 on Binance. However, unlike the previous times, altcoins are looking to regain their strength as they managed to chip more than 1% of BTC’s dominance in the past few days.Bitcoin Price Takes Another Swing At $10,000Volatility doesn’t seem to fade in the crypto market as Bitcoin made another attempt to reach the coveted $10,000 mark less than a couple of hours ago.The price reached $9,960 on Binance before retracing to...

Coinbase CEO Brian Armstrong just fell for the oldest trick in the crypto-twitter playbook.When Harry Potter author J.K Rowling made a surprise entrance to the Bitcoin space this weekend, Armstrong attempted to welcome her in. When Rowling apparently made a $100 BTC purchase, Armstrong told her to get over to Coinbase and urged her to check out all the other crypto assets on offer.Coinbase CEO’s Bitcoin MistakeOnly the account Armstrong replied to was a fake one. J.K Rowling did not purchase...

According to a new study, the assents under management (AUM) of cryptocurrency-focused hedge funds had doubled in 2019 compared to 2018.Despite some challenges in the field, Bitcoin remains the most frequently traded digital asset, with Ethereum and Ripple following.Institutional Investors Come For CryptoAccording to the report citing the survey compiled by PwC and the digital asset investment company Elwood Asset Management Services Ltd, cryptocurrency funds have increased their AUM to more...

The popular entrepreneur and billionaire Elon Musk recently revealed how much BTC he holds. In a Twitter thread initiated by Harry Potter’s author, J.K. Rowling, that quickly went viral, Tesla’s CEO chipped in, saying exactly how much of the cryptocurrency he owns.Elon Musk Owns 0.25 BTCFriday was undoubtedly a big day for Crypto Twitter. The author of Harry Potter, J.K. Rowling, asked the community to explain Bitcoin to her.A number of influential individuals, including Binance CEO Changpeng...

Recent Chinese reports indicate that a new cryptocurrency scam, resembling the notorious PlusToken, has been brought to trial this week. Dubbed WOTOKEN, allegedly scammed over 700,000 users and absorbed more than $1 billion worth of Bitcoin and other digital assets.The New Chinese Threat: WOTOKENAccording to local reports, the trial began on May 14th in the People’s Court of Binhai Country, Yancheng City, against six defendants allegedly operating the WOTOKEN project. More specifically, the...