Bitcoin

Stone Ridge, a New York-based institutional asset management company, has become the latest company to describe Bitcoin as a "Primary Treasury Reserve Asset."  Announcing this today, the company, worth $10 billion, noted that it holds 10,000 Bitcoin worth $115 million as a reserve asset.  The asset manager said it is non-wholly owned crypto subsidiary, NYDIG, would maintain custody of the Bitcoin. NYDIG was launched during the crypto rush of 2017 to cater to the needs of new breeds of institutional…

Telsa CEO Elon Musk has denied reports that there is a Bitcoin ATM at his company’s Gigafactory in Nevada. Bitcoin ATM Spotted at the Telsa factory. Fold CEO Will Reeves had tweeted on Sunday that he spotted a Liberty X Bitcoin ATM in the 1.9 million-square-foot Gigafactory building. His tweet went viral, prompting speculation that Telsa could be interested in investing in Bitcoin. However, this information was debunked by Musk, who revealed in a cryptic tweet that the news was…

Halving events remind that Bitcoin can end mishandling of global monetary policies.  The US Central Bank poured fiat to the commercial banking system now at $7.17 trillion. Paul Tudor Jones of Tudor BVI applauded Bitcoin's growing role as a hedging asset.  Peter Schiff warned that the Fed has lost its credibility.  Embrace monetarism or choose Bitcoin as a firm, safe haven for money.  On May 11, 2020, a miner took Bitcoin's 630,000th block out of its digital depths, earning a…

On June 5, it became easier to mine Bitcoin as its blockchain mining difficulty reduced by 9.29 percent. According to historical data, price and mining difficulty are positively correlated. Whenever mining difficulty decreases, it could be a sign of a forthcoming price decline. Bitcoin was brutally rejected at $10,400 price level on June 2 leading to an 11 percent decline in minutes and market participants are focused on BTC’s immediate move. Bitcoin halving is the most talked-about event so far in 2020 and a…

Within the previous week, the dominance of Bitcoin over the cryptocurrency market has been steady despite its decline since the beginning of 2020. The dominance needs to reduce for altcoins to secure any kind of huge momentum that does not depend on Bitcoin. According to a renowned cryptocurrency analyst, this may soon happen, noting that the cryptocurrency market is now closer than ever to seeing altseason, which allows altcoins to record huge gains. In his explanation, three major factors support this outlook, and…

It seems the revolution of cryptos and digital assets in the mainstream finance space is a disruptive force. Various flaws associated with traditional financial institutions and traditional forms of money were revealed during the economic troubles that ensued in 2008 and it appears that cryptocurrencies such as Bitcoin responded to them. Issues related to cryptos in the time of digital money were expatiated in a research paper published recently by Stanford Graduate School of Business. The paper also discussed whether or not regulatory bodies are necessary…

In the early hours of May 27, Bitcoin was able to move above $9k to attain $9.2k, after it spent some days below $9k price level. The move may seem small when it comes to percentage basis, but it has remarkable significance in terms of technical factors. The $9k level has since become a key technical and psychological level for Bitcoin. Bitcoin’s ability to surge above it once again presents some signals which suggest a possible rally above its monthly…

In 2019, the cryptocurrency markets were filled with several narratives and one of them was about the Bitcoin market. Some market participants believed that tensions between the United States and China, which led up to a huge trade war prompted upsurge in the prices of cryptocurrencies. Bitcoin was responding to tweets by the U.S. president regarding relations with China, surging to the upside and downside with geopolitical trends. When the U.S. president announced the application of tariffs to Chinese goods, both BTC/CNY and…

Bitcoin has been consolidating directly beneath critical barrier over the past few weeks and could not surge above $10k price level. A few hours ago, it moved below $9k and traders are wondering whether the leading cryptocurrency will revisit the low levels attained during the crash in March or maybe it is a chance to purchase the dip prior to the real bull run. It has been difficult for Bitcoin to clear the key resistance at $10k as it has proven…