Sat Feb 24 1:00 PM

Ark Invest CEO: “$1 trillion is nothing” compared to where Bitcoin is going

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Bitcoin’s (BTC) market capitalization of over $1 trillion is just the beginning of the crypto’s price discovery, Cathie Wood, CEO of asset management company Ark Invest, argued during a virtual conference published yesterday. Wood said:“If we add all of the potential...

Norwegian billionaire buys Bitcoin after calling for its ban last week

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Norwegian kroner billionaire Øystein Stray Spetalen has invested “heavily” in both Bitcoin (BTC) and local crypto exchange MiraiEx—after lambasting the crypto just last week, Finansavisen reported on Friday.Per the publication, Spetalen has recently bought an undisclosed amount of BTC as well...

215k Bitcoin moved to ‘HODL’ wallets as asset recovers to $53,000

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Bitcoin markets fell over -7% in the past day amidst a broader fallout in crypto markets and a surge in the Dollar Index (DXY), data from multiple sources shows.However, on-chain data from analytics tool Glassnode showed buyers were stacking sats and...

SEC case against Ripple could see Bitcoin and Ethereum pulled into the farce

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In the on-going case of Ripple vs. the U.S. Securities and Exchange Commission (SEC), last week, the SEC refused to produce documentation on Bitcoin and Ethereum. They argued that the request is irrelevant to this case.However, yesterday, Ripple Labs filed a...

U.S. feds bust Instagram star for promoting Bitcoin scams

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Federal prosecutors in Brooklyn bust one ‘Jay Manzini’ yesterday on charges of perpetuating a wire fraud using Bitcoin, city outlet Daily News said this morning.Buying Bitcoin over InstagramIdentified as Jebara Igbara, the man hunted for potential victims on social app Instagram...

$5 trillion asset manager Fidelity applies for Bitcoin ETF

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FD Funds Management, a subsidiary of Fidelity Investments (which manages over $4.9 trillion in assets), yesterday filed a preliminary registration with the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin (BTC) exchange-traded fund (ETF).“The digital assets ecosystem has grown...

Billionaire investor sees “good probability” of a Bitcoin ban

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Billionaire investor and founder of Bridgewater Associates Ray Dalio warns that there’s a “good probability” that governments will move to ban Bitcoin.Bitcoin represents a threat to the monopoly of the supply of moneyThe end of 2020 saw Dalio blast Bitcoin on...

Elon Musk: ‘You can now buy a Tesla with Bitcoin’

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You can now buy a Tesla with Bitcoin. And that’s not me saying this but the CEO of Tesla, Elon Musk, himself.In a tweet a few hours ago, the Tesla CEO said potential car owners can buy the world-famous electric vehicles...

Report: Bitcoin institutional capital allocation shrinks 59% over past week

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American institutional investors have drastically scaled down their Bitcoin-related activity over the past week, according to a report published by digital asset manager CoinShares yesterday.Per the report, titled Digital Asset Fund Flows Weekly, the total amount of institutional capital allocated in...

$1.6 billion liquidated after Bitcoin briefly falls under $54,000

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Bitcoin fell to under $54,000 in the morning hours amidst a broader sell-off in the crypto market. The asset later recovered slightly and traded over $54,700 at press time.Bitcoin….goneData from markets tool Bybt showed over $1.6 billion worth of crypto positions...