Tag: BTC

Nvidia could make crypto mining GPUs again if there’s demand, says CFO

Nvidia could make crypto mining GPUs again if there’s demand, says CFO

Chipmaker Nvidia could restart manufacturing dedicated crypto mining GPUs (graphics processing units) if there is demand, according to its CFO Colette Kress.  Speaking at a conference last week, Kress said, “if crypto demand begins or if we see a meaningful amount, we can also use that opportunity to restart the CMP product line to address ongoing […]

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UK fund manager Ruffer: we are in the “foothills” of institutional adoption of bitcoin

UK fund manager Ruffer: we are in the “foothills” of institutional adoption of bitcoin

Ruffer Investment Company, the British fund manager which recently revealed it had bet £550m on bitcoin, has published more details about the headline-grabbing move. In a review covering the six months to December 31, 2020, Ruffer said it has a history of using “unconventional protections” and that it views bitcoin in that same vein during […]

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Crypto Prices Consolidate, Handful of Altcoin Markets Pop, Bitcoin Accumulation Addresses Rise

Crypto Prices Consolidate, Handful of Altcoin Markets Pop, Bitcoin Accumulation Addresses Rise

The price of bitcoin and a number of digital assets have been consolidating this week, after a number of crypto markets dropped over 25% the week prior. The entire crypto-economy is hovering just below the $1 trillion mark at $987 billion, gaining 1.3% during the last 24 hours. Crypto Asset Markets Consolidate A good number […]

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CIO of investment giant Guggenheim confirms Bitcoin price prediction of $400,000

The Bitcoin price could reach $400,000 driven by mainstream adoption. Asset management firm Guggenheim confirms its investment in Bitcoin. Guggenheim Partners Chief Investment Officer Scott Minerd has given an interview to Bloomberg Markets and Finance. During the interview, Minerd reiterated his position that the price of Bitcoin should be close to $400,000 and called the […]

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Grayscale’s Michael Sonnenshein Says Institutional Investors ‘Looking for Broad Exposure’ as Company Raises $700 Million in One Day

Grayscale’s Michael Sonnenshein Says Institutional Investors ‘Looking for Broad Exposure’ as Company Raises $700 Million in One Day

Grayscale CEO Michael Sonnenshein says institutional investors are also exhibiting a growing interest in diversifying their investments by choosing other crypto assets besides bitcoin. Sonnenshein, who was recently appointed to the CEO position, made the comments just before the revelation that the company had raised more than $700 million in a single day. The asset […]

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Russian crypto exchange Livecoin is shutting down after a claimed attack that caused a $3.3 million loss to users

Russian crypto exchange Livecoin is shutting down after a claimed attack that caused a $3.3 million loss to users

Russian cryptocurrency exchange Livecoin has announced that it is shutting down after witnessing a “carefully planned attack” last month. “Our service has been damaged hard in technical and financial way,” said Livecoin on Saturday. “There is no way to continue operative business in these conditions, so we take a hard decision to close the business […]

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IMF Tells Governments: Spend as Much as You Can and Then Spend More

IMF Tells Governments: Spend as Much as You Can and Then Spend More

The head of the International Monetary Fund (IMF) has called on countries worldwide to spend as much as they can and then spend more. She admitted that this is a “very unusual” policy for the IMF but it is needed to revive economies. Many people are interpreting her statement as very bullish for bitcoin. IMF […]

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Dollar-Cost Averaging Crypto Profits: Low-Risk Bitcoin Investing Without All the Stress

Dollar-Cost Averaging Crypto Profits: Low-Risk Bitcoin Investing Without All the Stress

Bitcoin prices and a number of other digital assets have grown significantly in value during the last decade. Some people have made millions and even billions throwing down everything they have during the cryptocurrency’s earliest days of price discovery. However, there’s another method of investing called dollar-cost averaging or DCA, a scheme that’s considered far […]

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Goldman Sachs explores custody of Bitcoin, Ethereum and digital assets

Goldman Sachs issues information request documents to explore digital asset custody. Goldman Sachs’ digital asset custody strategy aims at stablecoins and possibly Bitcoin and Ethereum. A Coindesk report reveals Goldman Sachs’ plans to become a custodian of digital assets that could include Bitcoin and Ethereum. The report cites a source within Goldman Sachs. The source […]

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