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Global Equity Head at Jefferies Says the Investment Bank Will Buy Bitcoin and Reduce Exposure to Gold
22.12.2020
Christopher Wood, the global head of equity at Jefferies, a global financial services company, says the firm will reduce exposure to gold in favor of bitcoin. He adds that there are plans to increase the crypto component of Jefferies’ long-only global portfolio for U.S. dollar-denominated...
Microstrategy Buys 29,646 More Bitcoins — Now Holds Over $1.6 Billion in BTC
21.12.2020
Nasdaq-listed Microstrategy has purchased 29,646 more bitcoins for $650 million. The latest purchase brings the company’s bitcoin holdings to 70,470 — worth more than $1.6 billion. Microstrategy Now Has Over $1.6 Billion in Bitcoin Billion-dollar public company Microstrategy (Nasdaq:...
Elon Musk Ponders Tesla Putting Billions Into Bitcoin, Asking if Such Large Transactions Are Possible
21.12.2020
Tesla and Spacex CEO Elon Musk made a series of tweets about bitcoin on Sunday. One of them concerns whether it is possible to buy bitcoin in “large transactions,” particularly for Tesla to convert its U.S. dollar reserves into bitcoin. Microstrategy’s CEO told Musk that this move...
After exploit, Warp Finance compensation plan takes promising strides
20.12.2020
In a promising sign for the DeFi space, another project devotes itself to complete user compensation following an exploit
Cardano Trades Above $0.15; Fails to Confirm Complete Bullishness
18.12.2020
Cardano, as strengthening crypto, is often compared to the largest altcoin by market capitalization, Ethereum, and today, Cardano is what Ethereum planned. It was in the previous year when the Shelly and ETH 2.0 were planned to bring into action. However, due to the unavoidable postponement of...
QE Infinity: US Fed to Keep Rates at Zero, Billion-Dollar Bond Purchases Until Economy Recovers
18.12.2020
This week the U.S. Federal Reserve met for two days at the Federal Open Market Committee meeting and detailed that it would keep short-term borrowing rates at near zero. Meanwhile, the Fed also stated that it would continue buying bonds until the U.S. economy returns to full employment....
IMF Cautions Central Banks May Have to Rethink What Constitutes Reserves
18.12.2020
The IMF warns that central banks may have to rethink what constitutes their reserve currency holdings. In a recent study, the global lender points to the changing geopolitical landscape, technological advances and the impact of the Covid-19 pandemic as events likely to influence the composition...
Bitcoin the third 'most crowded trade' in global fund manager survey
16.12.2020
Asset managers around the globe are losing confidence in the dollar, encouraging them to seek out inflation-resistant investments for their clients
Zilliqa Price Reflects a Bearish Sentiment; Trades at $0.0330
15.12.2020
Zilliqa, just like major altcoins of the market, is trading in red with a cumulative dip recorded since the past week now and currently trades at $0.0330. With lack of traction in the market, Zilliqa, along with Ethereum, XRP, Dogecoin price lacks momentum and has therefore pulled back below $0.035...
Dogecoin Price Slides Below Weekly Support of $0.0032
15.12.2020
Dogecoin continues to trade with negative market sentiment and slides from the previous week’s support below $0.0032. With an intraday pullback, DOGE, which is believed to have a concurrent momentum to that of the largest cryptocurrency, Bitcoin, is currently trading at $0.00317, while the latter...
Kadena Onboards Celo’s Dollar Stablecoin, Plots January Launch for Decentralized Exchange
15.12.2020
The hybrid blockchain maker said it is collaborating with fintech firm Celo to on-board its stablecoin, cUSD, to Kadena’s platform using a trustless bridge
Peter Schiff Blames Government for the Massive Dollar Depreciation — Still Refuses to Accept BTC is Digital Gold
14.12.2020
Gold bug and bitcoin opponent Peter Schiff says the U.S. government’s actions in the past 78 years are partly responsible for the massive depreciation of the U.S. dollar. Using a medical bill from 1942 to illustrate the extent of the dollar’s decline, Schiff says the $70 paid to foot...
Origin Dollar compensation plan marks progressing maturation of DeFi space
13.12.2020
Traders and developers are trending towards greater DeFi depositor protections in unison
Morgan Stanley Strategist: Bitcoin Rising to Replace US Dollar as World’s Reserve Currency
13.12.2020
Morgan Stanley’s global strategist has made a case that bitcoin is making progress towards replacing the U.S. dollar as the world’s reserve currency. “Do not assume that your traditional currencies are the only stores of value, or mediums of exchange, that people will ever...
Where next for Bitcoin price? BTC continues to stagnate below $18K
11.12.2020
The downside of Bitcoin is limited in the short term as BTC attempts to recover from a steep pullback
EU firm’s head trader explains why euro stablecoins are hard to come by
10.12.2020
The crypto world does not have a major euro-pegged stablecoin yet
Bitcoin will gain from distrust in traditional finance, says bank strategist
10.12.2020
Will Bitcoin end the dollar’s supremacy one day?
Bitcoin ‘Making Progress’ on Bid to Oust Dollar, Morgan Stanley Chief Global Strategist Says
9.12.2020
Bitcoin's success should force governments to grapple with falling public trust in fiat currencies
Morgan Stanley Exec Says Bitcoin is Coming for the US Dollar
9.12.2020
The mainstream financial media is getting bullish about bitcoin (BTC)’s long-term prospects, claiming that the token is “starting to make progress on its ambition to replace the United States dollar as a medium of exchange.”
Until recently, most economic experts have dismissed talk of BTC edging...
Report: Cryptos Set for Massive Adoption in the US as More Americans Embrace Digital Alternatives to the Dollar
9.12.2020
A survey commissioned by Satoshilabs finds that from the 45.8% of American respondents that say they own cryptos, nearly all of them (95%) believe cryptos to be a genuine currency solution. In addition, about 31.7% of those surveyed see crypto as a legitimate alternative to the U.S. dollar, while...