Markets
Markets
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
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 (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, 2021Grayscale 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, 2021Turkey 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, 2021Almost 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, 2021Asset 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, 2021Donner & 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, 2021Taiwan 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, 2021North 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, 2021Goldman 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