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Fed Chair Powell Calls Bitcoin A Better Substitute to Gold Than the Dollar

Calling Bitcoin as too volatile and unassisted a currency for mainstream adoption, United States Federal Reserve chair, Jerome Powell, says it could be “a substitute for gold” but not the dollar. Powell reiterated his opinion last Monday at an event hosted by the Bank for International Settlements (BIS), speaking…

News

Cardano’s Coinbase Listing: It Led to an Increase in the Open Interest for Futures Contracts over $1 billion

On March 19, 2021, Cardano (ADA) got listed on Coinbase. This listing increases the open interest on Cardano’s futures contracts by over $1 billion. After this listing, Coinbase customers can buy, sell, convert, and transact ADA tokens. ADA has become the third-largest cryptocurrency in the market after Bitcoin (BTC)…

News

More Buys for MicroStrategy… What is Their Strategy?

By December 21, 2020, MicroStrategy purchased a total of 70,470 bitcoins with an overall purchase price of $1.125 billion. The buying spree occurred in two phases when it purchased 40,824 and 29,646 BTC at an average price of nearly $21,925. MicroStrategy got into a strategic alliance with Coinbase earlier…

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Yellen Sworn in as the First Woman Treasury Secretary After Getting Nod From the U.S. Senate

The U.S. Senate voted 84 to 15 on Monday, confirming Janet Yellen as the Treasury Secretary. She is the first woman ever to be selected for this role. Last week, Yellen received a nod from the Senate Committee on Finance for the role of Secretary of Treasury. Showing bipartisan…

News

Morgan Stanley Allegedly Owns 10% Equity Stake In Michael Saylor’s MicroStrategy

Microstrategy could be setting the path for other high portfolio firms to venture into making Bitcoin investment a major part of their portfolio following positive vibes that have rallied behind the company since declaring interest in Bitcoin. According to a filing with the Securities and Exchange Commission released on…

News

MicroStrategy Completes a $1.05 Billion Debt Offering to Buy More Bitcoin

MicroStrategy will buy more Bitcoin after a successful debt offering of $1.05 billion. With 71,079 BTC in its holdings, Microstrategy is one of the largest buyers of Bitcoin in the world. The rising prices of Bitcoin led to a 600% growth in the prices of Microstrategy’s shares. Publicly-traded MicroStrategy…

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Bitcoin Goes Past $1 Trillion Market Capitalization

Bitcoin became the first cryptocurrency in history to break through a market cap of $1 trillion Elon Musk’s Tesla joined the bitcoin bandwagon with a massive investment of $ 1.5 billion More rumors pop up from major institutions on possible investments such as Apple, Oracle, etc as bitcoin price…

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Why We’re Seeing Bullish VIP Sentiments Going into 2021

The crypto market has been on a ‘tear mode’ as high-profile institutional players drive Bitcoin to a new all-time high. Bitcoin has widely been perceived as a speculative asset traded by the retail players to drive quick gains, at least this was the narrative that fueled the 2017 bull-run…

Blog, Featured

CBDCs and Privacy Concerns

Starting with France, more than 40 countries have allegedly proposed a state-backed digital currency (CBDC) to lead the era of a cashless economy. Unlike Bitcoin that is completely decentralized, CBDCs are centralized digital currencies and will be prone to central control brewing a lot of privacy concerns. A robust…

Blog, Featured

Milestones and Developments By Grayscale

Grayscale Latest News Grayscale, the world’s largest crypto asset manager, recently gained approval from the United States Security and Exchange Commission (SEC) for Grayscale Ethereum Trust to become the first publicly quoted ETH investment product to go live. Image source: bitrazzi This was confirmed on the Grayscale official website:…

Bitcoin

Fed Chair Powell Calls Bitcoin A Better Substitute to Gold Than the Dollar

Cardano’s Coinbase Listing: It Led to an Increase in the Open Interest for Futures Contracts over $1 billion

More Buys for MicroStrategy… What is Their Strategy?

Yellen Sworn in as the First Woman Treasury Secretary After Getting Nod From the U.S. Senate

Morgan Stanley Allegedly Owns 10% Equity Stake In Michael Saylor’s MicroStrategy

MicroStrategy Completes a $1.05 Billion Debt Offering to Buy More Bitcoin

Bitcoin Goes Past $1 Trillion Market Capitalization

Why We’re Seeing Bullish VIP Sentiments Going into 2021

CBDCs and Privacy Concerns

Milestones and Developments By Grayscale

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