Vice-Chairman of Berkshire Hathaway Charlie Munger recently made some remarks on the ban of cryptocurrency in China, noting that the Asian nation “did the right thing.” Munger—often called Warren Buffett’s right-hand man—aired his opinions about cryptocurrency at the Sohn Hearts and Minds, Australia’s premier investor event last Friday. The veteran investor previously called Bitcoin “rat […]
Following a marketwide crash in the crypto industry yesterday, Bitcoin (BTC) suffered a 21% plunge to the $42,000 low on most exchanges. Yesterday’s slump is arguably one of the worst in recent history for the market, with BTC shedding over $11,500 alone. However, Huobi traders suffered a worse crash as the crypto asset recorded a […]
The United States Securities and Exchange Commission (SEC) has reiterated its disapproval of spot Bitcoin ETFs after rejecting another listing request from WisdomTree. The regulatory watchdog threw out a proposed rule change from the CBOE BZX Exchange to list shares of the spot Bitcoin Trust by WisdomTree. The SEC explained that it rejected the ETF […]
Bitcoin (BTC), alongside the global stock markets, continues to suffer FUD amid the emergence of the Omicron COVID-19 variant. A risk-off sentiment in global financial markets, continued bond tapering efforts by the Federal Reserve, and high leverage on BTC derivatives are all near-term volatility-inducing factors for Bitcoin’s price action. Despite all these, the on-chain metrics […]
As Bitcoin (BTC) continues to stagger around $60,000, MicroStrategy has 7,002 BTC to its stash, bringing its total holdings to 121,044 coins. MicroStrategy CEO Michael Saylor broke the news yesterday, tweeting that: “Microstrategy has purchased an additional 7,002 bitcoins for ~$414.4 million in cash at an average price of ~$59,187 per bitcoin. As of 11/29/21, […]
On-chain provider Cryptocompare revealed, in its latest edition of its Digital Asset Management Review, that Ethereum, Litecoin, and Solana ETPs performed significantly better than Bitcoin’s in November. The analytics platform publishes a research report every month on the cryptocurrency investment product sector. These products are ETPs tethered to top crypto assets, like Grayscales’s GBTC and […]
As the crypto market continues to cave under the prevailing FUD pressure, El Salvador has bought the Bitcoin (BTC) dip again. The Central American nation took advantage of the heightened sell-off to purchase 100 more BTCs amid panic over the new “Omicron” variant of the COVID-19 virus. President of El Salvador Nayib Bukele took to […]
While Bitcoin (BTC) remains constricted within a sideways pattern, whales have only doubled down on supply accumulation. On-chain analytics firm Santiment reported that BTC whale addresses have accumulated over 60,000 BTC over the past week. The firm noted that: “If you’ve been waiting for #Bitcoin whales to show signs of accumulation, our data indicates it’s […]
Only a few months after officially adopting Bitcoin (BTC) as legal tender, El Salvador has announced plans to build a “Bitcoin City” with help from Blockstream and Bitfinex. Meanwhile, official sources have revealed that the country could add $500 million more BTC to its holdings. During a week-long BTC conference, President Nayib Bukele announced plans […]
