Wed Nov 27 3:20 AM

JPMorgan admits Bitcoin’s growth represents a risk to gold as an investment

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Bitcoin has strongly outperformed gold over the past few months.Since the leading precious metal peaked this past summer at new all-time highs above $2,050, it has faced a 10 percent correction, dropping, then consolidating in the $1,800 region.BTC, on the other hand, has doubled...

MyEtherWallet Adds Support for Ethereum 2.0 Staking in Partnership with Staked

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MEW has become the first Ethereum wallet to announced staking with the PoS Ethereum 2.0. The service launch comes in partnership with Staked who will be running validator nodes on behalf of MEW.MyEtherWallet, one of the most-popular Ethereum software wallets, has recently announced support...

Mike Novogratz Declares 50% Net Worth in Crypto

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Mike Novogratz believes that the world would transform from the era of bank accounts to crypto wallets. With the increasing use of digital assets, financial institutions would be forced to integrate cryptocurrencies. The founder and CEO of Galaxy Digital Mike Novogratz has revealed that 50%...

MicroStrategy Down 14%, Citigroup Analyst Downgrades MSTR Stock from Neutral to Sell

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The downgrade of the MicroStrategy stock from Neutral to Sell has its toll on investor’s sentiment and it is reflected in the current MSTR stock price.Citigroup Inc (NYSE: C) appears not to be so intrigued by the bullish run of MicroStrategy Incorporated (NASDAQ: MSTR),...

Bitcoin Dissidents: Those Who Need It Most

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“You can say that Bitcoin’s headquarters is in Lagos now. Or in Minsk. Or Hong Kong.” The year 2020, shaped by the global pandemic and political and economic crises worldwide, made us reconsider many things. Stuff that didn’t catch much attention before starts to matter....

Market Wrap: Bitcoin Steadies at $18.7K; Big Ether Options Position Around $1,120 Isn’t Bullish

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Volume doldrums and December sluggishness caused bitcoin to slip steadily below $19,000; ether options above spot are highest at $1,120 strike price. Bitcoin (BTC) trading around $18,705 as of 21:00 UTC (4 p.m. ET). Slipping 1.7% over the previous 24 hours. Bitcoin’s 24-hour range: $18,629-$19,299 (CoinDesk...

Bitcoin Price Drops $1,000 in Worst Sell-Off in a Week

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Bitcoin has fallen precipitously in the past few hours and is testing a key level of psychological support near $18,000. At around 06:00 UTC on Dec. 8, the price of the world’s first cryptocurrency fell to around $18,031 from $18,770. It subsequently retraced slightly to...

First Mover: Wells Fargo Bitcoin Briefing Could Signal Bull Run Intact

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Bitcoin was lower for a second day, dropping below $19,000 after bulls failed to push prices past the psychological $20,000 threshold. “The overly confident market has been dampened,” the Norwegian crypto-market analysis firm Arcane Research wrote Tuesday in a report.   In traditional markets, European shares slid, led by travel-related companies, and...

Standard Chartered to Launch Crypto Trading Platform for Institutions

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Some of the firms included in the deal with Standard Chartered are UK-based financial technology company LMAX, crypto exchange ErisX, Switzerland-based custody provider METACO and UK-based trading technology provider Cobalt.Sources claim London-based bank Standard Chartered has partnered with various crypto exchanges to create a...

Facebook’s Libra Rebranding Faces Lawsuit from UK-Based Diem

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They took the view that “we can just crush them, we’re Facebook,” said the co-founder of Diem.Facebook earlier changed the name of its yet to be launched stablecoin to Diem, changed the name of the Libra association to Diem Association, and also changed the...