Cryptocurrency Analysis and News Portal
The price of Bitcoin (BTC) has dropped to the key $44,000-$45,000 support level on Feb. 28 for the third time in the past week.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingviewThe BTC/USD pair briefly dipped below $44,000 on Bitstamp before paring some of the losses, bouncing back above $45,000 at the
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Coinbase’s institutional trading wing handled electric car-maker Tesla’s $1.5 billion bitcoin investment earlier this month, according to The Block.The report illustrates Coinbase’s growing role as corporate America marches deeper into crypto. Coinbase handled MicroStrategy’s early allocations; The Block reported it has five Fortune 500 firms as clients. CoinDesk could not
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Digital frictionNonfungible tokens (NFT) are having a moment. In recent weeks, notable investors Mark Cuban and Chamath Palihapitiya have signaled their growing interest in this corner of the crypto economy, adding fuel to a rally that was already red-hot. It’s tough to measure the size of the total NFT market due
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A small scale study of financial executives has found that 5% of companies intend to invest in Bitcoin (BTC) as a corporate asset this year, with a further 11% stating they could do so by 2024.The survey conducted by Gartner comes on the back of news that Tesla invested 8%,
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Wedbush Securities, a Los Angeles-based privately held investment firm, foresees the corporate world emulating the U.S. electric car maker Tesla’s decision to buy bitcoin, just not this year. In a note on Monday, Wedbush analysts called Tesla’s bitcoin investment a “game-changer” for the top cryptocurrency and blockchain technology, adding that it
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In brief:Tesla has just announced that the company invested $1.5 Billion in BitcoinTesla also plans to start accepting Bitcoin as a form of payments for its productsElon Musk has destroyed the ‘career risk’ associated with buying BitcoinCEOs of other companies will soon follow in Elon’s footstepsMichael Saylor has congratulated Elon
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Tesla announced on Monday it had purchased $1.5bn worth of Bitcoin, which boosted the entire cryptocurrency sector. However, some criticized the move due to the added financial risk this imposed on the automaker. Today the BBC joined in with the criticism by saying this undermines Tesla’s environmental credentials. “Critics say electric-car firm
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Blue Ridge Bank is letting customers buy bitcoin where they retrieve cash.Customers at the Charlottesville, Va.-based bank will soon be able to buy and redeem bitcoin at 19 of its ATMs. To make this happen, the bank has partnered with BluePoint ATM solutions, a national ATM operator, and LibertyX, a
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A new analyst report from the Royal Bank of Canada thinks that with a small investment Apple could disrupt the crypto exchange place and pay for it by buying bitcoin.This episode is sponsored by Nexo.io.Today on the Brief:A shifting inflation narrativeReddit raises $250M and has a $6B valuation Castle Island
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Over the weekend, altcoins began to pull back after an enormous market-wide rally, starting with Ethereum. And while the market looked to be turning bearish, news of a massive Bitcoin buy made by auto manufacturer Tesla set the crypto market on fire. On Bitcoin pairs, altcoins began to hemorrhage across the
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