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Grayscale Reopens Doors For New Crypto Investors + More News
12.1.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Investing news
US-based major digital asset manager Grayscale Investments said that most of their private placements are now open for daily...
US Dollar and Coinbase Also Blamed For Bitcoin Sell-Off
12.1.2021
Source: Adobe/Юрий Дьяконов
The strenghtening US dollar and technical issues at major crypto exchange Coinbase might be partially blamed for the bitcoin (BTC) crash seen yesterday, according to analysts.
There's something behind every crash of the world's number one crypto, and many become...
Bakkt Predicting Sky-high Growth for ‘USD 3 Trillion’ Crypto Sector
12.1.2021
Source: Adobe/あんころもち(ankomando)
Bakkt, the US-based crypto platform, owned by the Intercontinental Exchange Inc., is forecasting high rates of growth in the crypto industry over the next few years, as well as growth in associated industries, factors that may have influenced its...
Bitcoin and Altcoins Trading Near Key Inflection Zone
12.1.2021
There was a steady increase in bitcoin price above the USD 32,500 and USD 34,000 levels. BTC even broke the USD 35,500 resistance level, but it struggled to gain strength above USD 36,250. It is currently (13:00 UTC) trading well below USD 36,000, with a strong support at USD 34,000.
Similarly...
Ruffer Reveals Why They Poured GBP 550M in 'Non-Sensical' 'Beast' Bitcoin
12.1.2021
Bitcoin (BTC) is becoming a challenger to gold’s standing as the one supra-currency, the thing to own when fiat currencies are kerplunked, Jonathan Ruffer, Chairman of UK-based Ruffer Investment Company, said, explaining their underlying reasoning for investing in BTC.
"We have done much work...
Lawyers Claim They Intend to File Motion to Revoke eToro's Licence This Week
12.1.2021
The attorneys representing European eToro users affected by the recent incident are exploring different options for a lawsuit in case the negotiation fails, but they might not wait with the motion to revoke the company's licence, they said - as the number of their clients rises.
eToro disabled...
Crypto M&A Growth Shows How Fast Sector Is Maturing
12.1.2021
Source: Adobe/o_du_van
A new report has concluded that increased M&A activity this year could prove just how quickly the crypto industry has matured – and how rapidly mainstream companies are becoming infatuated with this fledgling business sector.
These were the findings of a review...
Bitcoin and Altcoins Show Recovery Signs
12.1.2021
After a massive decline, bitcoin price remained well bid above the USD 30,000 zone. BTC traded close to USD 30,200 before it started a fresh increase. There was a clear break above USD 34,000 and the price is currently (05:00 UTC) attempting a close above USD 35,500.
Similarly, there was a recovery...
South Korean Banks ‘Play to Their Strengths’ with Bitcoin Custody Moves
12.1.2021
South Korean commercial banks are now in “fierce competition” with each other in the race to launch bitcoin (BTC) and other cryptoassets custody products that they believe will prove a lucrative market for them, per a new report.
According to media outlet Newsis, industry sources claim that...
Bitcoin Volume Doubles on CME, Crypto Booking With Benefits + More News
11.1.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Trading news
Bitcoin (BTC) average daily volume reached 11,179 contracts (55.9K equivalent bitcoin) in December, up 114% YoY, major derivatives...
Bitcoin News Roundup for Jan. 11, 2021
11.1.2021
With the price of BTC down by more than $8K and an opportunity to trade your crypto for a NYC bar (or two), CoinDesk’s Market’s Daily is back with the latest crypto news roundup
Bakkt Plans to Have 18M Users in 2022, Announces Post-Merger Valuation
11.1.2021
Bakkt, the crypto platform owned by the Intercontinental Exchange Inc., said that they plan to have nearly 20m users by next year - twice as many as what's projected for this year. They also announced that their post-merger enterprise value might reach USD 2.1bn.
Per Bakkt's investor deck...
Crypto Traders Smell Institutional-Grade Bitcoin Price Manipulation
11.1.2021
Source: iStock/Spencer_Whalen
After welcoming a flock of major institutional investors into the Bitcoin (BTC) world in 2020, the cryptoverse is now debating that the crypto market has entered another level of manipulation also.
"Bitcoin's parabolic rise is unsustainable in the near term....
Russian Banks Given Power to Freeze or Block Crypto-linked Accounts
11.1.2021
New Russian banking regulations will allow financial institutions to freeze or block the bank accounts of individuals or companies they think are associated with crypto activities.
The rule change have been imposed by the nation’s Central Bank, which has outlined changes it will make to...
Bitcoin and Altcoins Correct Sharply, Crucial Supports Nearby
11.1.2021
After struggling to gain bullish momentum above USD 40,000, there was a downside correction. BTC declined heavily and traded below the USD 38,000 and USD 36,500 support levels. It traded towards the USD 32,500 support and it is currently (05:00 UTC) recovering towards USD 36,500.
Similarly, there...
This Multibillion Bitcoin Dump By US Gov Could Be a Drop in the Bucket
9.1.2021
The bitcoin (BTC) price has been a runaway train of late and there is seemingly nothing that can get in its way. Some believe that even if one of the largest BTC whales, the US Government, decides to sell its stash now worth billions of USD it wouldn't have a material effect on the market as...
Bitcoin News Roundup for Jan. 8, 2021
8.1.2021
With BTC hitting another record high of $41K plus a look at the ongoing rise and where it could end, CoinDesk’s Market’s Daily is back with the latest crypto news roundup
Bitcoin Auction, Norwegian Digital Bank, Bakkt Merger + More News
8.1.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Bitcoin news
The Finnish treasury is in for a whopping boost as the nation’s customs agency prepares to auction off BTC 1,981 (USD 81m). The vast...
US Treasury Department Lacks Power to Pass FinCEN Bill – Coin Center
8.1.2021
Statue of Albert Gallatin, the fourth Secretary of Treasury, in front of the Department of Treasury building in Washington, D.C. The controversial draft anti-money laundering/know-your-customer (AML/KYC) crypto compliance regulations proposed by the US Treasury Department and the Financial Crimes...
Bitcoin Mining Difficulty Set to Hit a New Peak, as Price & Hashrate Hit Theirs
8.1.2021
At the time bitcoin (BTC) price is breaking all-time highs, the mining difficulty is set to break its record tomorrow, while the hashrate has already surpassed its own.
Both buying and mining BTC has been getting tougher. Per the BTC.com, a major mining pool, estimates, mining may become the most...