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Bank Of Singapore: Bitcoin Could Succeed As A Store Of Value

January 25, 2021 , , , , , , , , , Eddy 0

The Singaporean private banking arm of OCBC Bank has dismissed the chances of cryptocurrencies eventually replacing fiat currencies as a medium of exchange. However, the large institution believes that BTC and other altcoins can replace gold in terms of serving as a store of value. Cryptocurrencies: Store Of Value; Not Medium Of Exchange Ever since […]

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Rothschild Investment Corporation Reveals it Holds 30,454 shares of GBTC

January 25, 2021 , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Rothschild Investment Corporation, founded in 1908 in a filing with the SEC revealed that the company has increased its holdings of GBTC to 30,454 shares. The increase is of nearly 6,000 shares from its previous filing of the SEC. BTC institutional watch: In a filing this morning with the SEC, Rothschild Investment Corporation, founded in […]

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Indian Central Bank RBI is Reportedly Exploring the Need of Cryptocurrency in Payment Sector

January 25, 2021 , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Reserve Bank of India (RBI), the Indian central bank is reportedly looking at the use cases of cryptocurrencies in the growing payment sector as per a report in the Economic Times. The Indian Central Bank reportedly released a booklet covering the journey of digital payment and settlements in India in 2020, where it suggested that […]

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Marathon Patent Group Follows MicroStartegy to Buy $150 Milion Bitcoin From Treasury Reserves

January 25, 2021 , , , , , , , , , , , , , , , , , , , , , Eddy 0

Marathon Patent Group, a Nasdaq listed firm became the second publicly traded firm to convert a portion of their treasury cash into bitcoin after the firm announced on Monday that they have bought $150 million in Bitcoin at $31,135 apiece using its treasury cash. The decision to convert a portion of treasury cash into Bitcoin […]

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Bitcoin Eyes $36k as it Breaks Out From 4-Day Range, Ethereum Breaks Key Resistance Against BTC

January 25, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin finally breached the $34,000 price resistance nearly after 4 days of consolidation between $30,000 and $33,500. The top cryptocurrency was trading at $34,443 at the time of writing with a 5% rise over the past 24 hours. The top cryptocurrency’s bull run slowed down significantly entering into the second week of 2021 after creating […]

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Bitcoin Searches in Argentina Spikes Significantly as Annual Inflation Rates Crosses 40%

January 25, 2021 , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin searches have seen an unprecedented rise in Argentina when compared to the rest of the world, and many believe the reason could be its annual inflation rate which is currently about 40%. People from financially troubled nations look for assets that can help them store the value of their earnings thus bitcoin seems to […]

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Analyst: The 2021 Altcoin Season Only Started

Analyst: The 2021 Altcoin Season Only Started

January 25, 2021 , , , , , , , , , , , Eddy 0

2021 has so far been an exciting year in the cryptocurrency market. We saw its capitalization surpassing $1 trillion for the first time in history. And while a lot of it had to do with Bitcoin’s surging price, over the last few days, it’s becoming evident that altcoins are claiming their share, causing many to […]

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Russian Public Officials Have Until April to Sell Their Cryptocurrency Holdings

January 25, 2021 , , , , , , , , Eddy 0

Several weeks after signing legislation that required Russian officials to disclose their crypto holdings, the world’s largest country by landmass has gone a step further by prohibiting them from owning any digital assets.  The Ministry of Labor and Social Protection of the Russian Federation has sent a letter to civil servants regarding their cryptocurrency holdings, […]

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Decreasing Grayscale Bitcoin Trust Inflows Stop BTC Price From ATH Recovery: JPM Analysts

Decreasing Grayscale Bitcoin Trust Inflows Stop BTC Price From ATH Recovery: JPM Analysts

January 25, 2021 , , , , , , , , , , Eddy 0

Bitcoin will have a hard time reclaiming $40,000 as the inflows towards the Grayscale Bitcoin Trust (GBTC) have reduced in the past few weeks, argued strategists from the giant US multinational investment bank – JPMorgan Chase & Co. Inflows Towards GBTC Not Enough To Push BTC Higher JPMorgan analysts, led by Nikolaos Panigirtzoglou, have highlighted […]

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Investing in Bitcoin is as Safe as Gold And Bonds, Says SkyBridge’s Anthony Scaramucci

Investing in Bitcoin is as Safe as Gold And Bonds, Says SkyBridge’s Anthony Scaramucci

January 25, 2021 , , , , , , , , , Eddy 0

Bitcoin has matured as an asset in the past few years and is now a safe investment such as gold and bonds, said SkyBridge Capital’s Anthony Scaramucci and Brett Messing. In a recent joint post, the duo also highlighted BTC’s intangibility as significant merit, which outlines bitcoin’s uniqueness. BTC Is As Safe As Gold And […]

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