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Although BTC has exploded above $20,000 recently, Anthony Scaramucci from the billion-dollar hedge fund SkyBridge Capital said that there’s more room for growth as the asset is still in the first inning.He added that his organization has put in $25 million in the recently announced Bitcoin Fund, which will be available for accredited investors from January 4th, 2021.Details On The BTC Fund Launched By SkyBridgeCryptoPotato reported recently that the Wall Street giant SkyBridge Capital,...

A few days after the price dip beneath $22,000, bitcoin has recovered most losses and even took another swing at $24,000 earlier today. Most altcoins have remained relatively steady, apart from XRP. The recently announced charges from the SEC have plummeted the token’s value.Bitcoin Eyes $24KBitcoin has been on a wild ride in the past several days. It began by painting a new all-time high of about $24,300, but the subsequent rejection drove the asset down by more than $2,000 in hours.BTC...

The United States Securities and Exchange Commission has pressed formal charges against Ripple. The watchdog is going after the company for conducting a $1.3 billion unregistered securities offering.CryptoPotato reported earlier today that the United States Securities and Exchange Commission (SEC) is preparing to sue one of the largest companies in the cryptocurrency field – Ripple. Brad Garlinghouse confirmed, saying that they will fight any suit the watchdog throws at them.The Commission...

Bitcoin could be headed towards a bullish supply and liquidity crisis, said Glassnode’s Chief Technology Officer. He came to this conclusion after reviewing recent BTC developments, including institutional adoption, bitcoin hodlers, exchange balances, and miners’ supply.BTC Wallets, Lost Coins, And MoreRafael Schultze-Kraft, the CTO at the analytics company Glassnode, explored different BTC stats, metrics, and recent developments that point out an ongoing supply and liquidity crisis.He...

In a Bitcoin-related kidnapping event in Karnataka, India, abductors asked for a 100 BTC ransom for the son of a local businessman and crypto investor. The police managed to capture six suspects on the case, which were all related to the victim’s family.100 BTC for The Son of A Crypto InvestorAn eight-year-old boy from India has been kidnapped with a ransom note demanding 100 bitcoins, worth about $2.3 million. The incident happened in the southwest Indian state of Karnataka while the child...

Following weeks of speculations, the US Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed a new set of regulations on self-hosted crypto wallets. The organization gave stakeholders 15 days to respond to the propositions, but Coinbase has continued opposing the idea and asked for an extension of that period.FinCEN’s Newly Proposed Crypto RegulationsThe cryptocurrency community has speculated on rumors that the US Treasury could be working on new legislation for self-hosted...

Bitcoin’s rollercoaster continued in the past 24 hours with a massive $2,000 dump and the subsequent recovery attempt. Most altcoins are covered in red, and the market capitalization has lost $40 billion in a day.Bitcoin’s Wild Ride ContinuesAfter a relatively bullish weekend in which BTC gained some value, the primary cryptocurrency seemed primed for further increases. Initially, bitcoin indeed headed north, resulting in a fresh all-time high of $24,300 (on Bitstamp).However, the bears...

Following the impressive list of institutional investors who have put their funds into bitcoin in 2020, it appears that more big names are showing interest in the number one crypto asset, after a global investments firm filed with the U.S. SEC to launch a bitcoin fund for accredited investors.According to an SEC document on Monday (Dec. 21, 2020), Anthony Scaramucci’s billion-dollar hedge fund, SkyBridge Capital, filed a Form D with the U.S. securities watchdog for its first bitcoin fund.The...

Bitcoin’s price went on a rollercoaster today, and the volatility continues to be rampant. Amid all this, the market saw more than $800 million in liquidations of both long and short positions in the past 24 hours alone.Bitcoin’s Rampant VolatilityTrading is a zero-sum game. For someone to win, someone else has to lose. This was perfectly exemplified in today’s market performance.Bitcoin’s price went from a high at above $24,300 to a low below $21,850 in a matter of hours. To anyone thinking...

Describing itself as the “largest independent publicly-traded business intelligence company,” MicroStrategy has made good on its word to purchase more bitcoins. The company announced earlier today the purchase of 29,646 more BTC for approximately $650 million.MicroStrategy’s founder and CEO, Michael Saylor, announced the latest BTC purchase earlier today. Following the firm’s recently instituted Treasury Reserve Policy, the company allocated another $650 million in bitcoin with an average...