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The leading cryptocurrency asset manager, Grayscale Investments, has donated $1 million to the non-profit think tank focused on public privacy in the crypto ecosystem – Coin Center. Additionally, Grayscale has vowed to match every other donation up to $1 million through February 2021.Grayscale Donates $1M To Coin CenterBased in Washington, DC, Coin Center is a non-profit research and advocacy center aiming to resolve public issues within the cryptocurrency field and decentralized computing...

2021 has so far been an exciting year in the cryptocurrency market. We saw its capitalization surpassing $1 trillion for the first time in history.And while a lot of it had to do with Bitcoin’s surging price, over the last few days, it’s becoming evident that altcoins are claiming their share, causing many to believe that we’re in a state of the market known as “altcoin season.”Altcoin Season 2021: It’s Just BeginningAn “altcoin season” is a term used to describe a market condition where...

Bitcoin will have a hard time reclaiming $40,000 as the inflows towards the Grayscale Bitcoin Trust (GBTC) have reduced in the past few weeks, argued strategists from the giant US multinational investment bank – JPMorgan Chase & Co.Inflows Towards GBTC Not Enough To Push BTC HigherJPMorgan analysts, led by Nikolaos Panigirtzoglou, have highlighted the role of Grayscale in terms of BTC adoption and price development.Simultaneously, they have reasoned that if the inflows from institutional...

Bitcoin has matured as an asset in the past few years and is now a safe investment such as gold and bonds, said SkyBridge Capital’s Anthony Scaramucci and Brett Messing.In a recent joint post, the duo also highlighted BTC’s intangibility as significant merit, which outlines bitcoin’s uniqueness.BTC Is As Safe As Gold And BondsAnthony Scaramucci, the co-founder of the large Wall Street investment company SkyBridge Capital, and the firm’s president and COO, Brett Messing, published an...

A Fortune magazine story about bitcoin began making the rounds Friday. In it, senior Fortune and Data Sheet writer Aaron Pressman cops to tripling his money in bitcoin– then losing half of it.It’s a cautionary tale alike for prudent long-term investors in cryptocurrency and day traders who are very smart at getting very stupid with money. The endlessly interesting and complicated question: “Where is bitcoin’s price going next?” is no idle curiosity. It’s a question with a lot of zeroes on...

Bitcoin has failed to double-down on its recovery and has remained stagnant between $32K and $33K for the past day. Large and mid-cap altcoins, led by ETH, have charted gains against BTC, while the Bitcoin dominance continues its negative sentiment, dropping to approximately 63%.BTC Fails At Breaking Above $34KAfter bitcoin dipped beneath $29,000 earlier this week, the asset seemed to be headed for a quick recovery session as it has done before. Just yesterday, the cryptocurrency gained over...

A recent report conducted by Bitwise and ETF trends concluded that the number of financial advisors who allocated funds to crypto-assets has increased by nearly 50% in a year.Additionally, the percentage of investors expressing interest in purchasing digital assets has grown to 81%.Financial Advisors Confirmed: Crypto Demand Is RisingAccording to the 2020 study, financial advisors manage about half of the wealth of American investors and play a significant role in the distribution of funds....

Grayscale continues to break records with its Bitcoin Trust as the company has attracted inflows of over $1 billion in BTC from institutional clients in a week.Additionally, the company seems to be preparing to launch several new cryptocurrency trusts for Chainlink, Tezos, and more.Grayscale’s BTC Trust Inflows To A New RecordCryptoPotato reported earlier that the leading digital asset manager registered its best quarter to date in Q4 2020 with the most substantial inflow quantities....

After a few consecutive days of price drops, bitcoin has regained some value and has jumped to around $33,000. However, most alternative coins have outperformed their leader with massive gains and have reduced BTC’s dominance over the market to 64%.Exploding Alts, New ATH For LINKThe past several days have been rather harmful to the altcoins as the cumulative market capitalization lost about $200 billion to beneath $900 billion.However, most alts have bounced off hard in the past 24 hours...

Bitcoin failed to recover in the past seven days, and it marked a further decline of about 8%. This has its current price hovering around $32,000, and its dominance has declined to 64.1%. But before we take a look at what this means for the altcoin market, let’s see what happened with BTC.The cryptocurrency started off trading above $35K and even took a shot at $38K on Saturday. The bears had a mind of their own, however, and prevented this from happening, sending the market in a sideways...