Tag Archives: Bitcoin

AirBnB Co-Founder Backs $22.7M Investment in ‘Full Service’ Institutional Crypto Platform

Another platform aiming to facilitate institutional investments into the cryptocurrency market is underway, as SFOX successfully closes $22.7 million Series A funding round. Luring In Big Money SFOX – a cryptocurrency prime dealer for institutional investors and high-volume traders announced in a press release that it has managed to close $22.7 million Series A funding round for the… Read More »

How Coinbase Will Continue to Bring in Institutional Investors Into Crypto

Adam White, the vice president and general manager at Coinbase, has recently reaffirmed the company’s long-term strategy to lure in institutional investors into the crypto market. The official statement of White was released after Coinbase, the world’s largest cryptocurrency brokerage and wallet platform, released the industry’s first suite of institutional products, targeting large-scale investors in the traditional finance… Read More »

Buckle up, Bitcoin Getting Ready to Crash

Bitcoin is likely to take a hit as ProShares Short Bitcoin ETF deadline is due on August 23 which just like last time can crash the Bitcoin price and take it below $6k level. Though Bitcoin doesn’t need an ETF to reach great heights as even rebuffed by Andreas Antonopoulos, the market sentiments are expected to be hit… Read More »

Bitmain IPO: Softbank and Tencent Reportedly ‘Not Involved’

Two major corporations have publicly denied involvement with the prospective initial public offering (IPO) of cryptocurrency mining giant Bitmain. Source: Tencent ‘Did Not Take Part’ In a fresh round of controversy over the plans, Chinese multinational Tencent and SoftBank, the largest investor in Uber, both rejected press claims they were participating. “Neither the SoftBank Group Corp. nor the… Read More »

Bitcoin Demand Still Going Strong Despite Price Being 68% Lower than its ATH

Bitcoin demand is in full force as the bitcoin futures volume on CME rises significantly, registering more than Cboe’s and bitcoin spot trading on Coinbase despite BTC being 68% lower than its peak. Moreover, eToro also showcasing an increase in bitcoin holdings clients. Bitcoin futures volume rises significantly on CME Bitcoin has lost about 68 percent of its… Read More »

Bakkt Will Trade ‘Pre-Funded’ Bitcoin – Not Paper Claims, CEO Confirms

Bakkt, the digital asset platform announced a couple of weeks ago, won’t support margin trading, according to its CEO. The solution will aim to facilitate institutional investment, providing the much-needed infrastructure for it.    Bakkt Not Like the Rest Bitcoinist reported August 3 that the owner of the New York Stock Exchange (NYSE) – the Intercontinental Exchange (ICE)… Read More »

Bitcoin Technical Analysis: BTC/USD Bulls-Bears Fighting Near $6,500

Bitcoin price recovered sharply after testing the $6,225 support against the US Dollar. BTC/USD has to break the $6,500 resistance for more upsides. Advertisement Important points Bitcoin’s decline found a strong support near the $6,225 pivot level. There is a declining channel formed with resistance at $6,460 on the 2-hour chart of BTC/USD. BTC price may perhaps continue… Read More »

Researcher Challenges Bitcoin Mining Energy Consumption Alarmists, Says Debate ‘Oversimplified’

A clean energy expert has hit back against the common perception that high energy consumption is an “Achilles Heel” for Bitcoin (BTC), in an article published by The Conversation August 20. Katrina Kelly, Strategy Manager at the University of Pittsburgh’s Center for Energy, says that we need to shift the debate around Bitcoin mining away from energy-intensivity and… Read More »

‘Bitcoin Jesus’ Roger Ver Still Struggling to Bring Bitcoin Cash Forward

Roger Ver, the digital currency enthusiast known as ‘Bitcoin Jesus’ is still struggling to win converts to his preferred coin Bitcoin Cash (BCH), this evident as blockchain analytics firm Chainalysis claims that BCH is barely being used in commerce. Bitcoin Cash Continues to Struggle Chainalysis came to its findings due to a review of payments received by the… Read More »

Rally Ahead? Bitcoin’s Price May Be Charting a Previous Bull Pattern

History often has a way of repeating itself. The current price pattern in the bitcoin market is eerily similar to the one observed in the run-up to a major rally that occurred on April 12. To start with, bitcoin charted a long-tailed candle on Aug. 14, similar to the one seen on Apr. 1, signaling the sell-off from the July… Read More »