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Another American Bank Partners with NYDIG to Offer Bitcoin to Customers

January 27, 2022 , , , , , , , , , Eddy 0

Customers of U.S. financial service provider Five Star Bank will soon be able to securely buy and invest in bitcoin (BTC) directly from their bank accounts thanks to a partnership with NYDIG. Five Star Bank to Offer Bitcoin Trading Services New York Digital Investment Group (NYDIG) has struck a partnership with American-based Five Star Bank […]

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Long-Term Holders and Whales Continue Accumulating Despite the Bitcoin Crash (Research)

Long-Term Holders and Whales Continue Accumulating Despite the Bitcoin Crash (Research)

January 27, 2022 , , , , , , , Eddy 0

Crypto markets experienced the sharpest drops since July of 2021, correcting as much as 52%. While the macro bear scenario is still very much in play, some critical on-chain indicators are showing how long-term investors remain unfazed by this news, and whales continue to accumulate. Bitcoin’s Ownership Through the Dip The data from IntoTheBlock classifies […]

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After Twitter, Reddit Might Allow Users To Add NFT as Profile Picture

January 27, 2022 , , , , , , , , , , , , , , , , , , , , , Eddy 0

Just two days after Twitter unveiled the feature to add NFTs to one’s profile picture, another social media giant Reddit is reportedly making a similar move. As per the report, Reddit is testing a feature that allows its users to set any NFT as their own profile picture. Note that this is different from its […]

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Bitcoin & Wall Street Plunge As Powell Threatens Interest Rate Hikes At FOMC

Bitcoin & Wall Street Plunge As Powell Threatens Interest Rate Hikes At FOMC

January 26, 2022 , , , , , , , , Eddy 0

Bitcoin’s price went turbulent during a press conference following today’s highly anticipated Federal Open Markets Committee (FOMC) meeting. It fell $1000 as Federal Reserve Chairman Jerome Powell restated plans to raise the federal funds rate in March. In his speech preceding the conference, Powell recognized that much of the labor force is unable to report […]

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Anthony Scaramucci on the Recent Bitcoin Price Decline: Take a Chill Pill, Stay Long

Anthony Scaramucci on the Recent Bitcoin Price Decline: Take a Chill Pill, Stay Long

January 26, 2022 , , , , , , , , Eddy 0

The Founder of SkyBridge Capital – Anthony Scaramucci – advised investors to cool off on their concerns regarding the most recent plunge in the cryptocurrency market. He believes bitcoin, as well as other digital assets, are the right investment tools for the long-term, and people should not abandon them because of their current price dips. […]

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Billionaire Investor Ray Dalio: Crypto Gets Too Much Attention

Billionaire Investor Ray Dalio: Crypto Gets Too Much Attention

January 25, 2022 , , , , , , , Eddy 0

Amid surging interest in cryptocurrencies, the legendary American investor and founder of the investment management firm Bridgewater Associates, Ray Dalio, opined that the crypto industry is receiving way too much attention. Too Much Attention on Crypto During his latest interview on “The David Rubenstein Show: Peer-to-Peer Conversations,” Dalio claimed that he has only a “tiny” […]

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IMF Calls On El Salvador To Remove Bitcoin As Legal Tender

January 25, 2022 , , , , , , , Eddy 0

The International Monetary Fund (IMF) recently urged El Salvadoran authorities to remove Bitcoin’s legal tender status. They called it a threat to market integrity, financial stability, and consumer protection. Criticizing the Bitcoin Law The IMF publicly revealed its warning in a website statement earlier today, after concluding its Article IV consultation with El Salvador on […]

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MicroStrategy CFO Confirms Buy and Hold Bitcoin Strategy Amid Market Turbulence

MicroStrategy CFO Confirms Buy and Hold Bitcoin Strategy Amid Market Turbulence

January 25, 2022 , , , , , , , , , Eddy 0

Phong Le – Chief Financial Officer of MicroStrategy – revealed that his firm will continue investing in bitcoin despite the recent plunge of the asset’s USD value. In line with the prices of most crypto assets, the shares of the Nasdaq-listed company have also been on a downtrend since the beginning of 2022. The Price […]

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CNBC’s Jim Cramer Believes Bitcoin and Ethereum’s Selloff Could Be Over

CNBC’s Jim Cramer Believes Bitcoin and Ethereum’s Selloff Could Be Over

January 25, 2022 , , , , , , , , , , Eddy 0

Jim Cramer, the host of CNBC’s Mad Money show, believes the selloff in the cryptocurrency market could close to an end. This comes amid the massive price declines among all assets, with BTC losing over $10,000 in just days at one point. Is The Selloff Over? The past five days were nothing short of a […]

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