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British Asset Manager Ruffer Bags $1.1 Billion Profit From Bitcoin
8.6.2021
British asset management firm Ruffer reportedly said its bitcoin investment has generated about $1.1 billion in profit. The firm says bitcoin has been “a wonderful store of value” and it is still optimistic about the cryptocurrency in the long term. Ruffer Profits $1.1 Billion From...
Bitcoin price nears $30K as estimates reveal $19K support floor
8.6.2021
Breaking $19,000 will be "very hard" for bears, says analysts at Whalemap, this still allowing Bitcoin to dive below $20,000 highs from 2017
Deutsche Bank Warns: Ignoring Rising US Inflation Akin to ‘Sitting on a Time Bomb’
8.6.2021
Deutsche Bank published a report Monday noting that the United States is facing “the very real specter of consumer-driven inflation.” The bank’s chief economist David Folkerts-Landau and others notably highlight the Federal Reserve’s monetary easing policy and recent...
Crypto Market Signals Go Bearish But Long-Term Investors Still Accumulate
8.6.2021
Many of the key crypto market indicators have turned bearish during the past few weeks, with the last month bringing historically large declines by most on-chain activity metrics, according to on-chain activity and digital asset flow data. That said, it's still the new entrants who are selling...
White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin
8.6.2021
Tim Wu, top advisor to the Biden administration on technology and competition policy, holds more than $1 million in cryptocurrency, shows a recently filed financial disclosure. The antitrust expert, who is known as a prominent big tech critic, has in the past questioned the value of bitcoin....
Celebrating Upland’s Genesis Week With a Big Bitcoin Giveaway
8.6.2021
Upland.me is a blockchain-based game in which users can buy, sell, and trade virtual NFT properties mapped to the real world. By becoming a digital landowner, users can build properties, earn UPX coins, and even cash out their gains to USD. Currently open in cities including NYC, San Francisco...
Bitcoin will dip to $25K if this trader's 20% crypto crash forecast comes true
8.6.2021
Commentators are calling for a deeper crypto dive which would see BTC price action close to $20,000, not $30,000 in the short term
Tim Wu, the 'father of net neutrality' reportedly owns over $1M in Bitcoin
8.6.2021
Tim Wu, a one-time Bitcoin critic and current technology policy adviser at the White House, reportedly owns between 29 and 146 BTC
Bitcoin, Ethereum and Altcoins at Risk of Further Losses
8.6.2021
Bitcoin price started a fresh decline from well above the USD 36,500 zone. BTC is down almost 9% and it is currently (12:12 PM UTC) trading above USD 33,000. The price is showing bearish signs and it could slide further if there is a close below USD 32,000.
Similarly, most major altcoins...
Ethereum bull trap? ETH price signals breakdown versus Bitcoin
8.6.2021
The ETH/BTC exchange rate has surged by around 40% after bottoming out at 0.055 BTC. But the pair appears to be heading into a bull trap
Solana Aims to Raise $450 Million to Battle Ethereum Supremacy
8.6.2021
Solana, a proof-of-stake, smart contracts-enabled currency, is aiming to raise $450 million in a funding round that was extended last March. The Solana ecosystem, which is backed by Sam Bankman-Fried, founder and CEO of derivatives exchange FTX, would use these funds to take on Ethereum supremacy...
Russia Could Use Crypto to Dodge US Sanctions - Political Insider
8.6.2021
In a sign of increased acceptance of cryptocurrencies among Russia’s elite, Alexander Shokhin, the president of the lobby group Russian Union of Industrialists and Entrepreneurs (RSPP), has proposed that the country’s lower chamber of parliament, the State Duma, discusses how Moscow could...
A Brief History on China’s Bitcoin Ban
8.6.2021
What’s happening right now with Bitcoin in China? It’s important because, as one of the world’s largest superpowers, China has the capability to move markets in particular ways. It’s also home to the majority of Bitcoin mining activity, which is essential for this emerging...
Polkadot’s Parachain Vision Materializes Following Successful Kusama Auction
8.6.2021
After months of hype around the launch, the first Kusama parachain auction went off without a hitch. The now active parachain has already begun successfully processing transactions, paving the way for future slot auctions. Kusama’s First Functional Parachain Goes Live The anticipation...
The BTC-Colonial Pipeline FUD Gives A Lesson On Bitcoin Security
8.6.2021
There is an abundance of FUD (fear, uncertainty, doubt) the Cryptoverse is fighting to debunk today - after millions of USD in bitcoin (BTC) was allegedly seized, used as ransom in the US Colonial Pipeline ransomware attack in early May. One of these flames being put out today is that Bitcoin...
Asian hedge fund managers favor growth over Bitcoin: Goldman Sachs survey
8.6.2021
One third of participants see Bitcoin as the least preferable investment asset
Latin American MPs Widen Overton Window For Bitcoin
8.6.2021
Lawmakers across the Latin American region are expressing their support for bitcoin (BTC) adoption – in the wake of the groundbreaking announcement over the weekend from the President of El Salvador that the nation aims to adopt BTC as legal tender.
MPs from Brazil, Argentina, Paraguay, and Panama...
Kenyan Banks Warn Clients Against Crypto Trading
8.6.2021
A few Kenyan banks have started sending out warning alerts to clients engaged in cryptocurrency trading to be wary of the associated risks. These warnings have reportedly been sent to clients who have “used their credit and debit cards to buy cryptocurrencies on crypto exchanges.”...
Crypto market sinks by $300B while Bitcoin transactions near 3-year low
8.6.2021
Bitcoin transactions are in rapid decline as the cryptocurrency market continues to shed value since its recent peak
Bitcoin price due for break below $30K trader warns after 9% daily loss
8.6.2021
A breakout to avoid a fresh price dip would be a "miracle," says Crypto Ed as storm clouds gather for Bitcoin bulls