Earlier today, UK fintech firm Mode Global Holdings PLC announced plans to hold 10% of its cash reserves in bitcoin to avoid fiat debasement - making it the first publicly traded UK firm to take a punt on Bitcoin.
Mode's move follows in the footsteps of other publicly
Paypal is entering the cryptocurrency space: the firm has announced it will allow account holders in the U.S. to buy, sell, and hold bitcoin in their PayPal wallets over the coming weeks.
The payments giant will also enable users to spend bitcoin through its network of 26 million merchants
Bitcoin's surge past $13,000 has not gone unnoticed by the mainstream media. CNBC brought on Meltem Demirors, CSO of CoinShares, then billionaire Wall Street investor Paul Tudor Jones to talk about the cryptocurrency after the rally.
In Tudor Jones' interview on Thursday morning, the hedge fund
Bitcoin's surge past $13,000 has not gone unnoticed by the mainstream media. CNBC brought on Meltem Demirors, CSO of CoinShares, then billionaire Wall Street investor Paul Tudor Jones to talk about the cryptocurrency after the rally.
In Tudor Jones' interview on Thursday morning, the hedge fund
Earlier today, UK fintech firm Mode Global Holdings PLC announced plans to hold 10% of its cash reserves in bitcoin to avoid fiat debasement - making it the first publicly traded UK firm to take a punt on Bitcoin.
Mode's move follows in the footsteps of other publicly
Paypal is entering the cryptocurrency space: the firm has announced it will allow account holders in the U.S. to buy, sell, and hold bitcoin in their PayPal wallets over the coming weeks.
The payments giant will also enable users to spend bitcoin through its network of 26 million merchants
The Bitcoin Fund (TSX:QBTC.U), an exchange-traded fund (ETF) operated by Canadian digital asset manager 3iQ that trades on the Toronto Stock Exchange, has cracked the $100 million milestone.
The Bitcoin Fund currently has 7.51 million stocks outstanding, according to 3iQ. Following its 4.14% increase in the
Bitcoin has broken strongly higher over the past few days after consolidating in the low-$11,000s. The leading cryptocurrency currently trades above $12,000, which has been highlighted by analysts as an important level of technical resistance.
It isn't clear what exactly is driving Bitcoin higher in
In a testament to the growing fundamental strength of Bitcoin, the mining difficulty on the network has set a new all-time high, nearing 20 trillion after a 3.62% gain on Sunday, according to data from BTC.com. The adjustment comes after the Bitcoin hash rate, too, soared to record
Numerous exchange data points indicate that a prolonged Bitcoin uptrend is nearing. Chris Russi, CIO at Point-Slope Capital, shared three key metrics from CryptoQuant to show the overall optimism surrounding Bitcoin’s current price cycle.
Negative Netflows and Whale Ratios Suggest Dropping Selling Pressure
Throughout 2020, net outflows on cryptocurrency
Court documents released on October 19th indicate that the U.S. Financial Crimes Enforcement Network (FinCEN), a branch of the U.S. Treasury, is penalizing Larry Dean Harmon for Bank Secrecy Act and anti-money laundering law violations.
Harmon, based in Ohio according to the document, is the operator of two
