Bitcoin naysayer JPMorgan creates ‘Cryptocurrency Exposure Basket’
The US bank is suddenly turning bullish on Bitcoin’s long-term growth after trying to shun it for years.Bitcoin the first timeJPMorgan has created a “Cryptocurrency Exposure Basket” for clients looking to bet on companies working in the crypto space, a filing...
21 Bitcoin (BTC) is now worth over one million dollars, but which would you prefer to have?
Bitcoin has rallied 8% today, breaking $54k resistance for the first time since mid-February. As pointed out by @DocumentingBTC, owning 21 BTC now makes you a millionaire in U.S. dollar terms.Responding to this, Bitcoin-bull Willy Woo said he would prefer to...
Data shows Bitcoin is ‘replacing’ gold as a store of value
Bitcoin, the ‘digital gold,’ is giving the real deal a run for its money. Or at least the data shows so.Gold will see use in jewelryData from Bloomberg shows investors are scooping up Bitcoin at an unprecedented rate in current times,...
Markets wrap: Ethereum breaks $1,700; Bitcoin sees $51,000 resistance
Bitcoin and Ethereum, the world’s biggest cryptocurrencies by market cap, saw a mixed day on Monday as price chopped between a narrow range.Bitcoin fails to break $51kTrading data shows BTC traded in the $49,000-$51,000 range this morning, seeing a daily low...
Why is Grayscale’s Bitcoin Trust (GBTC) trading at a discount?
The Grayscale product is one of the only Bitcoin-focused financial instruments for institutional and accredited investors. It’s now trading at a discount, however.What’s with Grayscale?The Grayscale Bitcoin Trust (GBTC) is trading at a relatively steep discount compared to its otherwise high premiums, data from...
Bitcoin mining firm plans $2 billion NASDAQ listing via SPAC merger
A U.S.-based Bitcoin mining firm, named Cipher Mining Inc., will result from the merger between Bitfury subsidiary Cipher Mining Technologies Inc. and Good Works Acquisition Group, in a special purpose acquisition company (SPAC) deal.The combined company is valued at $2 billion. Plans are in...
22% of Goldman Sachs clients say Bitcoin is going ‘over $100,000’
A small but significant percentage of the clients of US bank Goldman Sachs say that Bitcoin would cross the six-figure mark in the coming years, the bank said in a report released Thursday.Why Goldman clients like BitcoinFrom the 280 respondents of a survey titled...
Bitcoin dips below $50,000 even as a “sell-side crisis” emerges
Bitcoin, the world’s largest cryptocurrency by market cap, lost the $50,000 price level this morning amidst a broader sell-off in both equity and crypto markets. It trades at $48,000 at press time and is down -5% compared to yesterday.But despite the fall, data from...
Bitcoin DeFi project Badger DAO diversifies its $21 million treasury
Badger DAO is one of the only Bitcoin-focussed DeFi products on the market and is expanding its ambitions.Forwards for BadgerBadger DAO, the Bitcoin-focused decentralized finance (DeFi) protocol, has diversified a $21 million treasury via its “strategic partners,” the project said this morning. The partners...
‘Green’ Bitcoin miner Iris Energy doubles its fundraise ahead of IPO
A firm from Australia that uses renewable energy to mine Bitcoin (among other businesses) has raised two times the intended capital in a recent round.Doubling valuationIris Energy, an Australian data center that powers Bitcoin mining firms, has doubled its fundraising round to A$40 million...
