Business
June 18, 2021
Goldman Sachs: “We Do Not Recommend Cryptocurrencies as Asset Class”
Skepticism reigns supreme towards crypto in Goldman Sachs midst after a new report suggested that cryptocurrencies are speculative and not an asset class. Goldman Sachs Cautions Investors about Crypto If Goldman Sachs treats Bitcoin as flower petals in the classic game of chance “He Loves Me, He Loves Me Not,” the investment bank will soon […]
Blockchain
June 14, 2021
Taproot Bitcoin Network Upgrade Gets Close to 100% Approval
The Taproot upgrade is all locked in after the community voted their near-unanimous approval of the next big step forward for Bitcoin. Bitcoin to Finally Get Its Taproot Upgrade Recent developments have not been great if you are a Bitcoin miner, but overall, the ecosystem has never been better. The long-coveted Taproot update may finally be happening as […]
Blockchain
May 18, 2021
Peter Schiff: “Buying Bitcoin Is Gambling, Not Investing”
Buying Bitcoin is gambling and not investing, argues Euro Pacific Capital chief executive Peter Schiff as Tesla is withdrawing from Bitcoin to seek greener alternatives. Is Bitcoin Gambling? Peter Schiff Thinks So A currency that is easily influenced by a single tweet cannot be an investment or real money, argues Euro Pacific Capital CEO Peter Schiff, […]
Blockchain
May 7, 2021
Goldman Sachs Launches NDFs with Bitcoin as Underlying Asset
US investment bank Goldman Sachs Group launched Bitcoin-tied derivatives trading to exploit profit opportunities from the $1 trillion Bitcoin market by allowing institutional investors to place big bets, Bloomberg reports. Cash-Settled NDFs The launch of trading with non-deliverable forwards (NDFs) followed the setting up of a trading desk by Goldman Sachs this year to help […]
Blockchain
May 6, 2021
JPMorgan CEO Jamie Dimon: “Clients Care about Bitcoin – I Do Not”
As the adoption of cryptocurrencies continues at full speed, JPMorgan CEO Jamie Dimon remains faithful to his original argument – he has no interest in crypto. JPMorgan Chief Executive Still Doesn’t Care about Crypto JPMorgan CEO Jamie Dimon once authored a Bitcoin obituary, the practice of mainstream financiers to dub the currency fraud and a […]
Blockchain
May 4, 2021
Revolut Enables Bitcoin Withdrawals in the United Kingdom
Bitcoin may now be withdrawn from your Revolut account in the UK if you are a Metal customer with the cap set at $1,400 a month (£1,000). Bitcoin Withdrawals Now Happening on Revolut Revolut now officially allows UK customers to withdraw their Bitcoin to external wallets, the company announced in a blog post. Moving forward, […]
Blockchain
May 4, 2021
Billionaire Mark Cuban Praises Bitcoin, Ethereum, and Dogecoin
Billionaire investor Mark Cuban has expressed his support for Dogecoin, Bitcoin and Ethereum on Twitter once again, giving his reasons to endorse each of the three mentioned currencies. Mark Cuban Tells Twitter Why Cryptocurrencies Are Here to Stay Dallas Maverick owner and billionaire Mark Cuban took to Twitter early on Monday delivering a new round […]
Blockchain
April 19, 2021
Willy Woo Says Power Outage in China Tanked Bitcoin’s Value
Willy Woo has presented arguments to support the argument that a power outage in Xinjiang, China, is related to the weekend Bitcoin price crash. Power Outage in Xinjiang Potentially Linked to BTC Crash On-chain analyst Willy Woo has pegged the recent Bitcoin crash to power outages in Xinjiang, China, the province that accounts for close to one-quarter of the […]
Business
April 5, 2021
JPMorgan Notes Drop in Three-Month Bitcoin Volatility
JPMorgan Chase & Co has released a new report noting a drop in Bitcoin volatility over the past three months. Bitcoin Volatility Drops Further, JPMorgan Says Volatility has curbed the enthusiasm of many early crypto adopters who thought twice before venturing into Bitcoin once the currency started climbing rapidly and then took its ceremonial fall […]
Business
February 8, 2021
Tesla Buys $1.5bn Worth Bitcoin, to Accept it as Payment Soon
Bitcoin exceeds $44,000 apiece for the first time, following the announcement. Bitcoin Investment is Significant Percentage of Company’s Cash Today in a filing with the Securities and Exchange Commission, Tesla informed that it has acquired $1.5 billion in Bitcoin. Moreover, the company added that it may also accept Bitcoin in the near future as a […]