April 2021 / 71 posts found

JPMorgan to Let Clients Invest in Bitcoin Fund for First Time: Sources – CoinDesk

by crypto journalist
JPMorgan Chase is preparing to offer an actively managed bitcoin fund to certain clients, becoming the latest, largest and – if its CEO’s well-documented distaste for bitcoin is any indication – unlikeliest U.S. mega-bank to embrace crypto as an asset class.   The JPMorgan bitcoin fund could roll out as soon as this summer, two sources familiar with the matter told CoinDesk. Institutional bitcoin shop NYDIG will serve as JPMorgan’s custody provider, a third source said. JPMorgan’s bitcoin fund will be actively managed, multiple sources told CoinDesk. That’s a notable break from the passive fare offered by crypto industry stalwarts like […]

Argentina: Bitcoin Now Accepted for Public Transport in 37 Cities – Bitcoinist.com

by crypto journalist
Argentina: Bitcoin Now Accepted for Public Transport in 37 Cities Public transport riders in 37 localities across Argentina can now add credit balance to their SUBE travelcards with bitcoin. This comes through a collaboration between Alto Viaje, who provide the travelcard-loading platform, and Bitex, a fintech company. Buenos Aires Commuters Can Pay in Bitcoin This may be a small step for Bitcoin, but it is a giant leap for crypto-kind. The integration of bitcoin and cryptocurrency payments for products and services is nothing new. But to find itself presented to such a diverse and encompassing cross-section of the population as metro and […]

Bitcoin Price Shoots Past $60K, Ether Hits New All-Time High in Early Saturday Trading – CoinDesk

by crypto journalist
According to CoinDesk’s bitcoin price page, the leading cryptocurrency traded above $60,000 for the first time in nearly a month after spending weeks vacillating between $52,000 and the upper $50,000s. Bitcoin pulled back marginally after peaking around $60,900, though it remains above the psychological marker as of press time. While it’s unclear if there’s causation, the price action comes just days before leading U.S. exchange Coinbase begins trading on Nasdaq in one of the crypto industry’s most anticipated events. A sign of the maturing market, the listing will likely give Wall Street traders their most accessible bet yet on growth […]

XRP Doubles as Ripple Scores Victory, ‘XRP’ Overtakes ‘Ethereum’ On Google

by crypto journalist
Ripple’s bosses have scored another legal victory in their already protracted struggle with the American regulatory Securities and Exchange Commission (SEC) – after a ruling magistrate judge upheld a bid to respect the privacy of the personal financial records of CEO Brad Garlinghouse and Executive Chairman Chris Larsen. And the (relatively) positive news has given the market a firm boost upwards, increasing interest in this token even more. Larsen and Garlinghouse had claimed that the regulator was demanding to know how much they “spent on groceries” over the course of the past eight years – details they claimed were irrelevant […]

Shark Tank’s Barbara Corcoran Advocates Getting Rich by Investing in Real Estate, Not Cryptocurrencies – Featured Bitcoin News

by crypto journalist
Shark Tank’s Barbara Corcoran Advocates Getting Rich by Investing in Real Estate, Not Cryptocurrencies Shark Tank star Barbara Corcoran, the entrepreneur who turned a $1,000 loan into a billion-dollar real estate empire, says she will get rich by investing in real estate, not cryptocurrencies. The American investor takes every extra dime she has and puts it in real estate, emphasizing that she will get rich nice and slow this way. Investing in Real Estate vs. Cryptocurrency Real estate entrepreneur Barbara Corcoran shared her view on cryptocurrency and bitcoin in an interview with TMZ this week while out and about in […]

Argentine Billionaire Marcos Galperin Says Bitcoin a ‘Better Store of Value Than Gold’ as Officials Plan to Print More Pesos | Economics Bitcoin News

by crypto journalist
Argentine Billionaire Marcos Galperin Says Bitcoin a ‘Better Store of Value Than Gold’ as Officials Plan to Print More Pesos Argentine billionaire and CEO of the e-commerce platform Mercado Libre, Marcos Galperin says bitcoin is a better store of value than gold. However, the billionaire thinks the crypto will not replace fiat currency due to what he terms the high “energy cost required to process its transfers.” Bitcoin Mining Energy Consumption Misconception Galperin, who has an estimated net worth of $7.7 billion, made the remarks when responding to an inquiry from a Twitter user. The user wanted to know if […]

The Unknown Inventor of Bitcoin Nominated For the Nobel Prize in Economics – PC Tech Magazine

by crypto journalist
Bitcoin Nominated For the Nobel Prize in Economics. Image Credit: Stellar The Nobel Memorial Prize in Economic Sciences is, as with most Nobel prizes, quite a big deal. Past laureates are a who’s who of economics—and starting in 2016, that list could include the inventor of Bitcoin. Assuming, of course, someone works out who that is. Satoshi Nakamoto is the widely recognized inventor of Bitcoin. They published a 2008 paper outlining the concept, and wrote the original software the underpins the internet’s most popular digital currency. But Satoshi Nakamoto is a pseudonym, and despite some intense on-and-offline digital snooping,no-one knows […]

Binance Coin reaches 37% of Ethereum’s market cap: 3 reasons why BNB is soaring

by crypto journalist
Binance Coin (BNB), the native cryptocurrency of Binance Chain and top digital asset exchange Binance, is starting to close in on Ether (ETH) in market capitalization.  As of Monday, BNB is valued at $87 billion at the price of just under $600. The valuation of Ether is hovering at around $246 billion, which is 2.8 times larger than that of Binance Coin. $BNB volume > $BTC volume. Congrats @Binance @cz_binance pic.twitter.com/vLkdGBnnIt — Joe Grech (@JoeBGrech) The technical momentum of BNB has been so strong that it briefly surpassed the volume of the BTC/USDT pair on Binance. This trend is significant […]

Record BTC weekly close, Ethereum all-time high: 5 things to watch in Bitcoin this week

by crypto journalist
Bitcoin (BTC) is back with a vengeance this week as a new day’s trading gets underway with a fresh attack on $60,000. After a weekend in which the largest cryptocurrency avoided a correction, Monday is looking bullish — but what could shape price action in the short term? Cointelegraph presents five factors to keep an eye on for Bitcoin traders as the market inches closer to historic all-time highs. Stocks reflect coronavirus mayhem The macro picture is a tale of two coronavirus moods this week. With the United Kingdom exiting lockdown, sentiment among business leaders has bounced to highs, indicative […]

Bitcoin Indicator Suggests Bull Market Is Still in Early Phase – CoinDesk

by crypto journalist
The ratio rose above 2.4 on Dec. 1, 2017, following which bitcoin doubled in value to $20,000 in just two weeks before falling back to $12,000 on Dec. 22. Similar price action was observed in April and November 2013 after the ratio rose above 2.4. Bitcoin also topped out at $13,880 at the end of June 2019 with the ratio rising above 2.4. According to Nischal Shetty, CEO of Mumbai-based crypto exchange WazirX, bitcoin is replicating price moves seen following previous halvings – four-yearly reductions in the rewards for miners. The cryptocurrency underwent its third halving on May 11, when […]