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The price of Bitcoin (BTC) is struggling to break past $51,000 on March 8 as the U.S. Treasury yield is rising again while the U.S. Dollar Index (DXY) is at the highest levels in over three months.The global stock market, including equities in the U.S. and Asia, have pulled back
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Bitcoin’s bull run may be set to intensify as the market anticipates a pick up in corporate demand prodded on by Tesla’s major investment in the cryptocurrency.“Prices can fly very high, I expect other heavyweights to follow suit,” trader and analyst Alex Kruger told CryptoX over WhatsApp, referring to Tesla’s
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ARK Investment Management CEO Cathie Wood said she believes more companies will load their balance sheets up with bitcoin.In a Saturday interview with Yahoo Finance, the exchange traded fund (ETF) magnate and outspoken bitcoin advocate said large companies have asked her if they should follow Square. Inc’s lead. Square is
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Janet Yellen is the 78th U.S. Secretary of the Treasury.The former Federal Reserve chair and longtime economist secured enough votes in the Senate on Monday after a confirmation hearing on Jan. 19. Yellen was tapped by President Joe Biden to lead the Treasury Department after winning election last year. She
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Quick summary:Microstrategy’s stock price has increased by 339% since the company started adding Bitcoin to its treasuryBitcoin has gained by 216% in the same time period with the Nasdaq gaining 19.5%Institutional interest in Bitcoin is growing with 1.216 Million BTC now owned by private and publicly trading companiesCurrent Bitcoin prices
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Janet Yellen, a former leader at the Federal Reserve and Joe Biden's pick for Treasury Secretary, is still suspicious of crypto as a threat for illicit financing. In a virtual hearing of the U.S. Senate Finance Committee held today, Yellen faced questions on combating the financing of terrorism, or CFT, from
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One of the biggest stories in crypto right is the news that the Financial Crimes Enforcement Network (FinCEN)
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Nine congresspeople have signed on to a letter to Treasury Secretary Steven Mnuchin, telling him to hold his horses. The Thursday letter is in response to the Treasury's recent proposal to make registered crypto businesses hold on to more customer information, especially when transacting with self-hosted wallets.The proposal has been met with widespread
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Bitgo failed to stop people in Cuba, Iran and Syria, among other sanctioned places, from using its non-custodial wallet service, the U.S. said. Source
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NexTech's Evan Gappelberg is the latest CEO to use company treasury funds to buy bitcoin. Source
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