Category: Bitcoin

Barclays Private Bank chief market strategist says bitcoin is ‘almost uninvestable’

Barclays Private Bank chief market strategist says bitcoin is ‘almost uninvestable’

Bitcoin’s bull run peak of nearly $40,000 caught the attention of many institutional investors — but Barclays Private Bank chief market strategist Gerald Moser doesn’t seem impressed.  “While it is nigh on impossible to forecast an expected return for bitcoin, its volatility makes the asset almost ‘uninvestable’ from a portfolio perspective,” Moser told Financial News.  […]

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Largest Asset Manager BlackRock May Start Trading Bitcoin Futures

The world’s largest asset manager, BlackRock, may start trading cash-settled Bitcoin futures. This is according to new filings with the US Securities and Exchange Commission (SEC). BlackRock is the world’s largest asset manager, with almost $8 trillion worth of assets under management last year. To put it in perspective – that’s almost 8 times the […]

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BlackRock filings suggest asset management giant could buy bitcoin futures via certain funds

BlackRock filings suggest asset management giant could buy bitcoin futures via certain funds

Twin filings with the Securities and Exchange Commission (SEC) suggest that BlackRock, the trillion-dollar asset management giant, is set to make allocations to bitcoin futures via some of its funds. The two filings — for the BlackRock Funds V and BlackRock Global Allocation Fund, Inc. — contain the same language that refers to bitcoin futures. […]

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Hip-Hop Star Soulja Boy Examines Crypto, Considers Creating His Own NFT Collectibles

Hip-Hop Star Soulja Boy Examines Crypto, Considers Creating His Own NFT Collectibles

On January 19, the American hip-hop star and rapper DeAndre Cortez Way, otherwise known as “Soulja Boy,” asked his 5.2 million Twitter followers to tell him the best way to purchase crypto. Following the initial tweet, Soulja Boy continued to discuss cryptocurrencies for the rest of the day, and also asked people’s opinions about the […]

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Bitcoin miners have made more than $700 million in revenue thus far in January

Bitcoin miners have made more than $700 million in revenue thus far in January

Bitcoin mining revenue for January has already surpassed December’s total, reaching the highest level seen since January 2018. According to data collected by The Block, bitcoin miners have generated $728.71 million as of January 20. By comparison, bitcoin miners brought in roughly $692 million in December, as previously reported.  Underpinning these revenue figures is the […]

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Report: Whales Depositing Bitcoin to Exchanges As BTC Price Tumbled $4000 In Hours

Report: Whales Depositing Bitcoin to Exchanges As BTC Price Tumbled $4000 In Hours

Although bitcoin has retraced following its all-time high of $42,000 earlier this year, CryptoQuant’s CEO predicted further bearish price developments for the asset. He based his short-term prediction on the growing number of BTC whales depositing on various cryptocurrency exchanges. Whales Prepare To Dump On Coinbase? Ever since BTC skyrocketed to its newest ATH of […]

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Crypto market maker Wintermute raises $20 million from Pantera Capital, Fidelity’s Avon

Crypto market maker Wintermute raises $20 million from Pantera Capital, Fidelity’s Avon

Cryptocurrency market maker Wintermute has raised $20 million in a Series B funding round to expand into new businesses and geographies. The round was backed by Pantera Capital, Fidelity’s Avon Ventures, and Sino Global Capital, among others. Existing investors Blockchain.com Ventures and Lightspeed Venture Partners also participated in the round.  In a note to The […]

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Analyst Lyn Alden Says Ethereum Is Still an ‘Unfinished Project’

Analyst Lyn Alden Says Ethereum Is Still an ‘Unfinished Project’

A bitcoin (BTC) strategist and investor remain skeptical towards the Ethereum protocol, considering it an “unfinished product.” Lyn Alden, an advisor for the dollar cost averaging BTC investing app Swan Bitcoin, believes the network lacks a concrete model, “other than just speculation.” Alden Prefers Bitcoin’s Modular Design From an Engineering Perspective In a blog post […]

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