Tag Archives: btcusd

Large cryptocurrency-related financial service company, Bitcoin Suisse, is looking to raise over $50 million from investors. The institution plans to expand its services in Switzerland and Liechtenstein by receiving dual bank licenses.Bitcoin Suisse To Raise More FundsFounded in 2013, Bitcoin Suisse AG has become a prominent market player in terms of brokerage, custody, lending, staking, and other cryptocurrency-related services. Currently valued at over $275m, the entity announced earlier...

The majority of Bitcoin holdings are currently in a profitable position following the recent rally of the largest cryptocurrency by market capitalization, data from on-chain data provider Glassnode shows. The UTXO Realized Price Distribution (URPD) metric from the data firm puts the proportion of the moneymaking Bitcoin at 81%.What Is UTXO Realized Price Distribution and Why Does It Matter?UXTO is short for unspent transaction output. It can be simply related to the change you receive when...

Only four days left until the Bitcoin halving event. This by itself could have been enough to fuel the primary cryptocurrency beyond the $10,000 mark.Maybe it happened faster than expected, Bitcoin just reached the 5-digit mark for the first time since February 24, 2020.As of writing these lines, BTC completes an incredible 35% price increase over the past ten days. Who could believe that less than two months ago, one Bitcoin traded for $3,600? Those who bought the dip can now celebrate...

The popular American hedge fund manager, Paul Tudor Jones II, said that he is buying Bitcoin amid the growing trend amongst world central banks to print excessive amounts of money.He added that the hedge fund he founded in 1980, Tudor Investment Corporation (Tudor BVI), could start allocating portions of its assets in Bitcoin futures.Paul Tudor Jones Buys Bitcoin To Fight InflationJones is a prominent traditional investor who founded the Tudor BVI hedge fund 40 years ago. He is also a...

Millions of US citizens received a stimulus check worth $1,200 in the last few weeks as government aid to fight the effects prompted by the COVID-19. Interestingly, if that amount was invested in Bitcoin when the first checks were initially received, it would have grown to $1,600 by now.$1,200 Becomes $1,600 In WeeksAccording to a report, 88.1 million people received a stimulus check wroth $1,200 by April 25th. The first batch was mailed in mid-April, and many people noted they had received...

As we are getting closer to the halving event, Bitcoin is likely to mark its third consecutive green day, where the primary cryptocurrency had increased more than $1000 over the past four days. As of writing these lines, it seems like $10K will come in a matter of hours.If you had followed our price analysis from yesterday, we had mentioned a symmetrical triangle formation on Bitcoin’s 4-hour chart, and also stated that the triangle is likely to break out in the next few hours.As can be seen...

The US Commodity and Futures Exchange Commission (CFTC) has charged the executives of two companies for alleged involvement in scams with cryptocurrencies and binary options. Both fraudulent activities had misleading marketing campaigns claiming to bring quick and significant profits regardless of any price movements.CFTC Charges New ScamsPer the document released earlier this week, two massive fraudulent solicitation schemes occurred between October 2013 and August 2018. The first one...

Bitcoin has come a long way since it was first introduced to the world when its pseudonymous creator Satoshi Nakamoto published the whitepaper. In its first days of trading in 2010, BTC had a price of around $0.003.To those who have been in the market long enough, this price seems like that of many altcoins with an ambiguous background. However, at the time of this writing, Bitcoin trades at around $9,300, charting an unprecedented increase in the past decade.Bitcoin Was $0.003 10 Years...

A designated team at Cambridge University has just released The Bitcoin Mining Map. The digital tool shows the geographical location of Bitcoin hash rate distribution and the countries where it’s concentrated.The Bigger PictureThe tracking tool enables users to locate and keep an eye on the monthly share of the global hash rate of different countries, starting from September 2019. The bitcoin tracker will also provide users with an additional second map consisting of focused, detailed and...

A record-breaking number of 210 Bitcoin options contracts were traded yesterday on the Chicago Mercantile Exchange, which set up a new all-time high of nearly $10m. Of the total amount, 202 contracts were May calls (bullish), while 8 were May puts (bearish).CME Bitcoin Options Volume On The RiseCME launched options on Bitcoin in January this year. Despite a promising start with massive volumes, the platform has struggled to maintain consistent numbers of traded contracts.Moreover, following...