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Turkey Turns to Bitcoin as Turkish Lira Collapses
Turkey Turns to Bitcoin as Turkish Lira Collapses
News  -  Economy  -  Mar 24, 2021 by Dariusz Z

Turkey residents flee to Bitcoin as a change in the leadership of the local central bank spurs fears of inflation. Al Jazeera reported on March 20 that Turkey's President Recep Tayyip Erdogan issued a decree firing the central bank governor Naci Agbal. Agbal had held this position for

On-Chain Data Shows That Bitcoin HODLers Have Diamond Hands
On-Chain Data Shows That Bitcoin HODLers Have Diamond Hands
News  -  Bitcoin  -  Mar 16, 2021 by Dariusz Z

Almost everyone who acquires and holds bitcoin for over three months is in it for the long run. A March 15th report published by blockchain data firm Glassnode states that “more than 95% of spent outputs are younger than 3 months old.” Only 5% of bitcoin that are moved have

Grayscale Bitcoin Trust Trades at a 20% Discount as Bitcoin Falls
Grayscale Bitcoin Trust Trades at a 20% Discount as Bitcoin Falls

Grayscale Bitcoin Trust (GBTC), the world's biggest closed-end bitcoin fund, saw its trading price fall twice as much as the drop in the price of bitcoin. Market data from YCharts shows that shares of GBTC are now trading nearly 10% lower than the value of its underlying bitcoin.

News  -  Bitcoin  -  Mar 26, 2021
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Grayscale Bitcoin Trust Trades at a 20% Discount as Bitcoin Falls
Grayscale Bitcoin Trust Trades at a 20% Discount as Bitcoin Falls

Grayscale Bitcoin Trust (GBTC), the world's biggest closed-end bitcoin fund, saw its trading price fall twice as much as the drop in the price of bitcoin. Market data from YCharts shows that shares of GBTC are now trading nearly 10% lower than the value of its underlying bitcoin.

News  -  Bitcoin  -  Mar 26, 2021
Turkey Turns to Bitcoin as Turkish Lira Collapses
Turkey Turns to Bitcoin as Turkish Lira Collapses

Turkey residents flee to Bitcoin as a change in the leadership of the local central bank spurs fears of inflation. Al Jazeera reported on March 20 that Turkey's President Recep Tayyip Erdogan issued a decree firing the central bank governor Naci Agbal. Agbal had held this position for

News  -  Economy  -  Mar 24, 2021
On-Chain Data Shows That Bitcoin HODLers Have Diamond Hands
On-Chain Data Shows That Bitcoin HODLers Have Diamond Hands

Almost everyone who acquires and holds bitcoin for over three months is in it for the long run. A March 15th report published by blockchain data firm Glassnode states that “more than 95% of spent outputs are younger than 3 months old.” Only 5% of bitcoin that are moved have

News  -  Bitcoin  -  Mar 16, 2021
Grayscale Halts Trading of GBTC as Fund Trades at a Discount
Grayscale Halts Trading of GBTC as Fund Trades at a Discount

Asset manager Grayscale halted trading on Grayscale Bitcoin Trust (GBTC), the world’s largest publicly-tradable bitcoin investment vehicle. The web page describing GBTC on Grayscale’s website now displays the following message: The Grayscale® Bitcoin Trust private placement is offered on a periodic basis throughout the year and is currently

News  -  Markets  -  Mar 10, 2021
German Bank Donner & Reuschel to Launch Bitcoin Services
German Bank Donner & Reuschel to Launch Bitcoin Services

Donner & Reuschel, a private bank in Germany founded in 1798, is planning to launch crypto asset services. Finance Magnates reported on March 9 that Donner & Reuschel announced plans to launch a suite of crypto asset services, including bitcoin trading, digital asset custody, and asset tokenization. The bank reportedly

News  -  Business  -  Mar 09, 2021
Taiwanese Semiconductor Giant TSMC Limits Chip Supply for Bitcoin Miners
Taiwanese Semiconductor Giant TSMC Limits Chip Supply for Bitcoin Miners

Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest independent producer of semiconductors, is reportedly throttling its supply to bitcoin mining hardware manufacturers. Local news outlet China Money Network reported on March 5 that TSMC is limiting the access that mining hardware manufacturers have to its production output due

News  -  Technology  -  Mar 05, 2021
Three Weeks After Launch, Canadian Bitcoin ETF Now Holds Nearly 11,300 BTC
Three Weeks After Launch, Canadian Bitcoin ETF Now Holds Nearly 11,300 BTC

North America's first Bitcoin ETF launched in Canada last month, and already holds nearly 11,300 BTC. Canadian asset manager Purpose Invest reports that, as of March 4, its Bitcoin ETF has $722 million CAD in assets under management, equivalent to about $571 million USD. The Ontario Securities

News  -  Markets  -  Mar 04, 2021
Goldman Sachs Restarts Bitcoin Futures Trading, Considers Bitcoin ETF
Goldman Sachs Restarts Bitcoin Futures Trading, Considers Bitcoin ETF

Goldman Sachs is dealing with bitcoin futures, again. Reuters reported on March. 1 that Goldman Sachs will restart bitcoin futures trading for its customers after previously halting the service in 2018. Per the report, the bank will start offering futures contracts and non-deliverable forwards starting next week. Bitcoin's

News  -  Bitcoin  -  Mar 02, 2021
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