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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
One of the few macro investors to predict the 2008 Great Recession, Raoul Pal, thinks Bitcoin will act as a "life raft" amid these unprecedented geopolitical and macroeconomic times. How Raoul Pal Found Bitcoin The investor released a 35-minute video on Tuesday outlining why he thinks so. After
News • Bitcoin • Oct 21, 2020
One of the few macro investors to predict the 2008 Great Recession, Raoul Pal, thinks Bitcoin will act as a "life raft" amid these unprecedented geopolitical and macroeconomic times. How Raoul Pal Found Bitcoin The investor released a 35-minute video on Tuesday outlining why he thinks so. After
News • Bitcoin • Oct 21, 2020
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
News • Bitcoin • Oct 21, 2020
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
News • Bitcoin • Oct 20, 2020
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
News • Bitcoin • Oct 20, 2020
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
News • Bitcoin • Oct 19, 2020
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
News • Bitcoin • Oct 19, 2020
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
News • Bitcoin • Oct 19, 2020