Bitcoin

BNP Paribas has entered the arena of digital assets by purchasing shares in BlackRock’s iShares Bitcoin Trust (IBIT). Following regulatory obligations, institutional investment managers, such as BNP Paribas, must file quarterly 13F reports.  Multinational bank BNP Paribas has entered the arena of digital assets by purchasing shares in BlackRock’s iShares Bitcoin Trust (IBIT). According to a recent filing with the U.S. Securities and Exchange Commission (SEC), BNP Paribas acquired 1,030 IBIT shares in the first quarter of 2024, amounting to…

In the last week, Bitcoin has shown much resilience bouncing back above the $60,000 zone after a significant decline to below the $57,000 price zone. As Bitcoin bulls gather momentum to possibly initiate the crypto bull run, top analyst and market expert Peter Brandt has backed BTC to attain a particular six-figure digit value by 2025. No Other Market Like Bitcoin, Brandt Says In a blog post on May 3, Peter Brandt shared some insights on Bitcoin in celebration of…

It was an eventful week for crypto, with the announcement of the new decentralized Bitcoin-based identity platform Orange Protocol from Michael Saylor’s MicroStrategy. Furthermore, the Aave V4 proposal is currently in its temperature check phase. Let’s find out more.  Bitcoin  MicroStrategy founder Michael Saylor and Cezary Raczko, EVP of Engineering, have announced the Orange Protocol, a decentralized identity platform built on the Bitcoin network. The platform will allow organizations to use and manage decentralized identity applications via the Bitcoin blockchain…

Bitcoin’s price recovery tour took it to a multi-day peak of $64,500 yesterday, but the asset failed to continue upward and has retraced by over a grand since then. Most larger-cal alts are slightly in the red on a daily scale, with TON, ADA, and SHIB declining by 2-4%. BTC Stopped at $64.5K The start of May was quite painful for the bitcoin bulls as the cryptocurrency slumped hard after failing to pump above $65,000 a day earlier. The massive…

In the first quarter of 2024, Coinbase reported a staggering $1.6 billion in revenue, marking a significant increase from $772 million in the same period the previous year.  Coinbase’s first-quarter earnings report also revealed a significant uptick in insider selling, with multiple executives Coinbase, the leading cryptocurrency exchange in the United States, has announced record-breaking first-quarter revenue, surpassing analyst expectations and demonstrating the company’s resilience amid a booming crypto market. In the first quarter of 2024, Coinbase reported a staggering…

Crypto research platform 10x Research recently noted that the Bitcoin Relative Strength has jumped to 40%. In line with this, they provided insights into what major moves the flagship crypto might make soon enough.  What Next For Bitcoin? In their newsletter titled “Fake Dip?” 10x Research drew the crypto community’s attention to the fact that Bitcoin has historically experienced potential rallies whenever its relative strength index (RSI) drops to 40%. As such, there is the possibility that BTC could again…

Bitcoin is now at a critical junction, which many determine its price trajectory for the rest of the year. The crypto has managed to return into $60,000 territory after dropping down to $56,000 for the first time since April. Some analysts are of the notion that the Bitcoin bulls haven’t actually started on their momentum yet, with many expecting a surge above $74,000 in the coming weeks.  According to a crypto analyst, impulse waves formed by Bitcoin over the past…

VanEck discloses the growing adoption of Bitcoin with Banks, countries, and ETFs holding 15% of the asset’s circulating supply.  According to the report, these big players hold $175B worth of Bitcoins with ETFs alone having $75.4 billion of this amount.  US asset manager VanEck, in a comprehensive report meant to introduce its investors to Bitcoin, has delved into the significant evolution and the considerable adoption of the asset over the years. In the report, VanEck disclosed the growing institutional interest…

Roger Ver “Bitcoin Jesus” was recently reported to have been arrested in Spain for causing a loss of almost $50 million to the IRS.  Interestingly, details suggest that he under-reported his assets during his expatriation, but a section of the crypto community believes the reason for his arrest goes deeper than that.  Crypto News Flash recently published a comprehensive report on the arrest of Roger Ver, also known as Bitcoin Jesus, on allegations of mail fraud, tax evasion, and subscription…