TokenPost reporter
Mark Jason Alcala
Stories by Mark Jason Alcala
- Bitcoin’s (BTC) price volatility and liquidity issues are stopping Bridgewater from investing in the crypto
Bridgwater wants to see greater liquidity and lesser price volatility for Bitcoin before considering investing in the crypto.
· Insights & Views
- Investors can use crypto to diversify their portfolios but should be limited to 1%, says JPMorgan
JP Morgan has cautiously recommended that investors should consider adding crypto to their portfolios for diversification.
· Investing
- The number of crypto users worldwide rose by 15.7% to 106M in January 2021
Crypto.com’s data suggests that Bitcoin’s rally, which saw a massive price hike last month, played a key role in the increasing crypto adoption.
· Insights & Views
- Microstrategy increases Bitcoin holdings by 27% and now owns 90,531 BTC
The business intelligence firm bought $1 billion in Bitcoin at an average price of around $52,765 per BTC.
· Business
- Crypto firm Blockchain.com raises $120M as Bitcoin wallet business grows to 65 million addresses
Blockchain.com was able to grow its Bitcoin wallet from just 2 million to 65 million in just six years.
· Business
- Crypto traders' accounts now under increased scrutiny by Indian banks
Bank customers have received notices asking them to clarify crypto-related transactions.
· Regulation
- Bitcoin payment platform Bottlepay raises £11 million for the international expansion of its crypto micropayments app
The fintech firm aims to change the payments landscape with its app that allows users to transfer BTC and fiat currencies in real-time via popular social media platforms such as Reddit, Discord, and Twitter.
· Technology
- Square increases Bitcoin holdings with its acquisition of 3,318 BTC worth $170M
The San Francisco, California-based financial services and mobile payments company recently announced that it purchased $170 million in Bitcoin, a move that might have helped put the brakes on the crypto's recent pric…
· Investing
- Asian banks band together for a blockchain-based CBDC project to speed up cross-border transactions
The CBDC project aims to explore blockchain technology’s potential to address common issues in the existing international cross-border settlement system such as high cost, complexities in regulatory compliance, and in…
· Regulation
- South Korea’s FIU will force crypto exchanges to delist privacy coins starting next month
The regulatory body can forcibly close, conduct spot-checks, or audit platform operators for non-compliance.
· Regulation
- Federal Reserve should consider adopting Bitcoin (BTC) as a reserve asset, says Zabo co-founder
To maintain its economic and geopolitical edge, the U.S. should take the lead in adopting Bitcoin as a reserve ahead of its peers.
· Regulation
- Russia becomes new crypto mining hotspot
A number of American and European crypto mining investors who moved their operations from China, Latin American, and Africa.
· Business
- Bitcoin (BTC) won’t threaten the dollar despite crypto’s popularity, says Fed’s Bullard
Despite BTC’s popularity, St. Louis Federal Reserve President James Bullard believes that the cryptocurrency won’t eclipse the dollar in international finance.
· Insights & Views
- Bitcoin and crypto investments gaining more interest from Americans
A new study revealed that 50 percent of Americans now view cryptocurrencies as safe investments.
· Insights & Views
- Nvidia develops Ether-focused crypto mining chip while redesigning RTX 3060 GPU to restrict its mining capability
Nvidia will soon introduce a graphics card specifically designed for mining Ether.
· Technology
- BlackRock exploring Bitcoin (BTC) as investors scout for ‘storehouses of value’ that could appreciate even in a high inflation scenario
BlackRock, the world’s largest asset manager, has finally started its entry into the Bitcoin space.
· Business
- Bitcoin (BTC) could reach $100K before yearend, says hedge fund founder
Founder of hedge fund SkyBridge Capital Anthony Scaramucci said on Wednesday that Bitcoin still has room to grow given its limited supply coupled with the increasing demand for the crypto.
· Insights & Views
- Bitcoin and crypto-related services getting more interest from banks
With Bitcoin's rally making it more attractive to investors, global banks are also becoming more interested in Bitcoin and other crypto-related services.
· Business
- Twitter considering Bitcoin (BTC) to pay for employees’ salary
Twitter might be the next big firm to enter the space as the social media platform is considering using BTC to pay for its employees’ salary
· Business
- SEC receives Bitcoin ETF filing from NYDIG
Many are hopeful that the SEC will finally approve a Bitcoin exchange-traded fund this year.
· Regulation
- Microstrategy to buy more Bitcoins (BTC) by offering $600M in notes
Already acknowledged as the top publicly listed firm with the largest Bitcoin stash, Microstrategy is still planning to buy more of the crypto.
· Investing
- Banning crypto could become India’s “trillion-dollar mistake”
India's crypto industry proponents argue that banning cryptocurrency transactions could negatively impact the country's economy.
· Regulation
- Paypal’s crypto services will soon be available to UK users
U.K. Paypal users will soon be able to buy, sell, and hold cryptos as the payments giant expands its crypto service internationally.
· Business
- Banning retail crypto traders in Hong Kong could push them to use unregulated platforms
Hong Kong's crypto exchanges warn that the government's proposal to limit crypto trading only to professional investors could backfire.
· Regulation
- More than half of crypto money laundering activities coursed through 270 addresses, says Chainalysis
Russia is the top destination for crypto funds from darknet transactions, China for ransomware, and the U.S. for funds coming from online scams.
· Technology
- Deutsche Bank plans to offer crypto custody, trading, and token issuance services
Deutsche Bank is planning to launch a host of crypto-related service that will target institutional clients.
· Business
- Morgan Stanley mulls investing in Bitcoin (BTC) via its investment arm Counterpoint Global
Morgan Stanley's investment unit Counterpoint Global is reportedly considering investing in Bitcoin.
· Business
- Mastercard plans to allow crypto payments in its network within 2021
The payments network revealed that it will soon support selected cryptocurrencies.
· Business
- Bitcoin's (BTC) carbon footprint worries environmentalists as crypto's rally could ramp up mining activities
Bitcoin production generates between 22 and 22.9 million metric tons of carbon dioxide emissions a year.
· Technology
- Tesla’s $1.5B Bitcoin hoard lands it among the top six publicly-traded companies with the largest BTC holdings
Tesla's 43,000 Bitcoins make it the second-largest Bitcoin holdings among publicly-traded firms.
· Business
- Number of Bitcoin-owning companies to increase this year says Microstrategy CEO
Michael Saylor sees an avalanche of companies getting into Bitcoin in the coming months.
· Insights & Views
- Tesla’s Bitcoin (BTC) investment gains $270 million in 24 hours
Tesla revealed in its latest SEC filing that it acquired $1.5 billion in Bitcoin and that it plans to accept crypto as payment for its products.
· Business
- Bitcoin (BTC) could rise as high as $400K as crypto market’s bull run enters ‘7th inning,' says BlockTower Capital CIO
Ari Paul believes the current crypto market bull run could last from 9 to 22 months.
· Insights & Views
- Local crypto tax on gross income from cryptocurrency-related transactions to be imposed by the Argentinian province of Cordoba
Cordoba's local crypto tax will reportedly overlap with the federal taxation on cryptocurrencies.
· Regulation
- Crypto investors warned by FSCA against scams packaged as investments with unrealistic returns
South Africa's Financial Sector Conduct Authority issued a warning to those who plan to invest in crypto after receiving complaints from those who lost their savings through crypto-related investments.
· Regulation
- Social media firm set to become the newest crypto player in South Korea
Aside from relaunching its social media service, Cyworld is reportedly planning to issue an Ethereum-based crypto.
· Business
- Wallet Recovery Services helps crypto investors regain access to their wallets with forgotten passwords
The firm uses proprietary software to try to figure out the wallets' passwords.
· Technology
- Bitcoin (BTC) could soar to $60K in the first half of 2021, says crypto analyst
Uk.Investing.com senior market analyst Jesse Cohen expects Bitcoin's price to rise to $60,000 during the first half of this year.
· Insights & Views
- Bitcoin (BTC) investment generates $750M in profits for Ruffer
London-based Ruffer Investment Management made $750 million in profits in less than two months from its Bitcoin investment.
· Investing
- Bitcoin (BTC) is now more popular than gold among investors in the U.S.
Bitcoin overtook gold and is now the fourth most popular investment vehicle in the U.S.
· Insights & Views