The “no boring days in crypto” trope appears to have gained more validation over the past 24 hours. Just a few hours after Bitcoin (BTC) recorded a new all-time high at $58,480 and seemed to be waxing stronger on its bullish momentum, the benchmark cryptocurrency got racked with one of the sharpest declines in its […]
The Next “Buzz Word” AltcoinsLast month, the Bloomberg Galaxy Crypto Index was at 1414.37, following a low of 217.82 in early March. BTC had made a new high yesterday at $51,630.86. Today (February 17) and the index was at 2,295.61. That’s a huge gain for one month. Let me put this into perspective. In late […]
Bitcoin (BTC) has gained more recognition as a payment system over the past few weeks, as a UK-based flight company, PrivateFly, reports that more than 20% of its revenue came from Bitcoin payments. PrivateFly is a global private jet charter company with a recognized membership on several aviation industry bodies, including the BACA, ACANA, and […]
Anthony Scaramucci, the founder of Skybridge Capital, continues to be wildly optimistic about the prospects and performance of Bitcoin (BTC), as he now believes that the cryptocurrency could break the 6-digit barrier in 2021. The hedge-funder made his price prediction in a recent CNBC Squawk Box appearance after he got asked what his BTC price […]
After a long week of push and pull, Bitcoin (BTC) has finally recorded a $50k price mark in the Asian session on Tuesday. The benchmark cryptocurrency recorded a daily high at $50,085 a few hours ago, according to Binance. Although several exchanges have reported slightly different figures, most report that the $50k mark was indeed […]
Hester Peirce, the commissioner of the US Securities and Exchange Commission, has asserted that there is a need for precise regulation of cryptocurrency. The recent spike in institutional interest in cryptocurrencies from the likes of Tesla, MasterCard, BNY Mellon, etc., is likely the trigger for the renewed regulation call by authorities. “That adds to the […]
A recent report from Bloomberg shows that Morgan Stanley could be the next major institutional investor to hop on the Bitcoin (BTC) train. According to the report, a unit of Morgan Stanley Investment Management, Counterpoint Global, is considering BTC as a suitable investment option for its current investors. The report also indicated that going through […]
While the US is still inhibitive of the idea of a Bitcoin (BTC) ETF, the Ontario Securities Commission (OSC) has approved an application from Purpose Investments Inc., a financial services firm, to offer an ETF product across several Canadian territories. The approval document noted that Purpose Investments filed its prospectus under Multilateral Instrument 11-102 Passport […]
Bitcoin (BTC) spiked to a new all-time high on Thursday, following a recent announcement that MasterCard plans to integrate cryptocurrencies into its payment services later this year. The credit card behemoth’s decision came a few days after Tesla announced that they had acquired $1.5 billion worth of Bitcoin in January and will start accepting payment […]
