Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Investing news Rick Rieder, BlackRock’s Chief Investment Officer of Global Fixed Income, told CNBC that the world’s largest asset manager started "to dabble a bit" in bitcoin (BTC), but he did not specify…
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Recently surveyed finance executives are more worried about bitcoin (BTC)’s volatility, while US financial advisors are becoming less concerned about the wild swings in the market and now seem to be more preoccupied with regulations, when it comes to investing in this booming asset class. It was demonstrated this week when major research and advisory…
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Bitcoin mining rigs. Another Chinese non-crypto firm has moved into bitcoin (BTC) mining – with the shipping behemoth Sino Global set to snap up a controlling stake in computing company Nine-Chain Intelligent in a deal worth around USD 8.5m. Per a press release, Sino Global announced that it had signed a Letter of Intent that…
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The most popular cryptocurrency, bitcoin (BTC) hit USD 50,000 three times in less than 24 hours and on the third attempt it surpassed USD 51,000 before correcting lower. (Updated at 08:50 UTC with the latest market data. Updated at 10:36 UTC with the latest market data and comment from JPMorgan.) At the time of writing…
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Companies outside the United States look set to follow Tesla and others into bitcoin (BTC) buying, after the German listed cannabis company SynBiotic announced that it has “started to shift some of its free liquidity into bitcoin.” Although the German company did not disclose the size of its investment, it was quick to claim, in…
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Bitcoin price popped above the USD 50,000 level today again before correcting lower. It is currently (05:00 UTC) consolidating gains above the USD 49,000 the support level and is showing positive signs. Conversely, most major altcoins are slowly gaining bearish momentum. ETH/USD is approaching the USD 1,700 support zone. XRP/USD declined below USD 0.550 and…
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Source: A screeshot, Instagram/privatefly UK-based private jet charter flight booking service PrivateFly has announced that bitcoin (BTC) payments accelerated this past January. Payments in BTC generated 19% of the company’s revenue last month, and 13% of the flights were paid in bitcoin. This is a robust increase compared with the typical 1%-2% monthly share of…
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Russia has moved a step closer to imposing a system of crypto tax, after the country’s parliament, the State Duma, approved a much-maligned crypto tax bill in the first reading at the committee stage – although the story is unlikely to end there. As previously reported, the country’s first crypto-specific act (finalized in summer last…
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As investors remain bullish on the economic outlook, a record-high share of US investors engages in risks they describe as “higher-than-normal”. As many as 25% of the respondents name “long tech”, followed by “long bitcoin” and “short US dollar” as the three most crowded high-risk trades, according to a recent survey by US banking giant…
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Source: Adobe/Fox_Dsign On December 16, 2020, the most popular cryptocurrency, bitcoin (BTC), revisited the USD 20,000 level after a bumpy three-year journey. Two months later, on February 16, 2021, BTC has entered the USD 50,000 zone for the first time in its history on signs of increasing demand. (Updated at 13:03 UTC with an announcement…
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