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Report: Bitcoin Set for its Biggest Breakout Yet
30.10.2020
A recent Coinmetrics report says on-chain fundamentals are hinting at bitcoin experiencing its biggest breakout yet. The report notes that bitcoin is already showing signs of this following its rise by about $1,000 in one day on October 21. The digital asset has subsequently set a new all-time high...
40 Million Troy Ounces: Russia’s Gold Find Reaffirms Bitcoin as the More Scarce Asset
26.10.2020
News of the discovery of approximately 40 million troy ounces of gold in Russia’s Siberian region is likely to boost the profitability of the country’s biggest gold producer, while adding to the supply of the “scarce” resource. Reports say the Polyus owned the Sukhoi...
JP Morgan Sees Millennials’ Bitcoin Preference Over Gold as Foundation for Its Long Term Success
25.10.2020
JP Morgan says bitcoin’s 2020 surge is set to continue as the digital cryptocurrency competes better against gold as an alternative currency. In a note, the financial institution says that with millennials set to become a more important market participant in the coming years, their preference...
PayPal, Square, Revolut, and Robinhood: A Crypto Comparison
22.10.2020
With PayPal's latest, big crypto news, entering the crypto market officially, let's take a quick look and compare their offering to those of other large payments companies that entered the space before it: Revolut and Square, and investing app Robinhood. This allows an insight into what exactly...
$10 Billion in BTC Reserves: Companies With Bitcoin Treasuries Command Close to 4% of the Supply
21.10.2020
The web portal bitcointreasuries.org now shows close to two dozen firms with a large number of bitcoin reserves. Currently, the aggregate total bitcoin held in reserves by the 23 companies listed is roughly 785,999 BTC worth well over $10 billion dollars. This past August the billion-dollar firm...
Baby Steps or Handcuffs? Crypto Pros Assess PayPal’s Bitcoin Play
21.10.2020
Fintech giant PayPal confirmed its move into crypto Wednesday. Is its no-withdrawals bitcoin service too restrictive or mainstream-friendly?
Bitcoin average transaction value increases 500% since July
21.10.2020
The average Bitcoin transaction is now worth more than $150,000
The next big treasure: Corporations buy up Bitcoin as a treasury reserve
17.10.2020
The entry of firms like Square, MicroStrategy and Stone Ridge may open the BTC floodgates and provide “confidence for the rest to follow.”
New York polls crypto firms on security measures after Twitter hack
16.10.2020
The New York Department of Financial Services found that crypto firms blocked the Twitter hackers’ crypto addresses within 40 minutes
Fidelity Digital Assets Touts Bitcoin Credentials, As Publicly Traded Companies Now Hold Over 600,000 BTC
15.10.2020
Fidelity Digital Assets (FDA) says diversifying an investment portfolio with bitcoin is especially essential now when benchmark interest rates globally are near or below zero. The opportunity cost of not allocating to bitcoin is simply higher explains FDA in its latest bitcoin investment thesis....
JPMorgan Calls Square’s Bitcoin Investment ‘Strong Vote of Confidence’ for the Cryptocurrency
14.10.2020
Other payment companies will also likely follow in Square's footsteps or risk getting shut out of a growing segment, JPMorgan wrote
Here Are the Top Public Companies That Have Adopted Bitcoin as a Reserve Asset
11.10.2020
When Microstrategy Inc. bought $425 million bitcoin in the last two months, the decision became an important stamp of institutional approval of the top crypto’s credentials as a mature, safe-haven asset. The American technology firm had just made bitcoin its primary reserve asset to hedge...
Market Update: Bitcoin Captures $11K, Flash Buy Signals, Bollinger Band Squeeze
9.10.2020
Cryptocurrency markets are seeing decent gains on Friday following the announcement Square made the day prior about purchasing $50 million worth of bitcoin for reserves. During the morning trading sessions, the overall market capitalization of all 7,000+ crypto assets is up over 2% hovering at $340...
Square Purchases BTC Worth $50M; Crypto Leaders Congratulate
9.10.2020
Jack Dorsey backed investment company Square announced on Thursday that it has bought Bitcoins worth $50 million. In the official tweet, Square stated it believes that crypto allows the company to participate in the global monetary system and is an economic empowerment instrument. Today, @Square...
First Mover: Bitcoin Hits $11K as Square Exposes $2.3T Corporate Money Pot
9.10.2020
Square's $50M bitcoin purchase has analysts doing back-of-the-envelope math on the possibility of rising allocations from corporate treasurers
Market Wrap: Bitcoin Surges on Square News to $10.9K; December Ether Options Pile Up
8.10.2020
Bitcoin’s price jumped on news of payments firm Square’s investment while traders have amassed over $165 million in ether options open interest for December expiration
Blockchain Bites: Square’s $50M BTC Investment, MetaMask’s 1M Users, BitMEX’s New CEO
8.10.2020
Square became the latest publicly traded firm to pile cash reserves into bitcoin while members of BitMEX's founding team resign
Bitcoin price turns bullish on Square’s $50M BTC purchase: Is $11K next?
8.10.2020
Bitcoin price rallied close to $11,000 after Square announced a $50 million BTC purchase
The Market Reacts to Square’s $50M Bitcoin Buy
8.10.2020
Reactions from Bitcoin Twitter and beyond as Square puts 1% of its treasury assets into bitcoin
Square’s Major Bitcoin Buy: Puts 1% of Total Assets Worth $50 Million in BTC
8.10.2020
Square Inc. has put 1% of its total assets in bitcoin worth about $50 million. The company believes that “cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system.” Square’s Major Bitcoin Buy Square Inc....