Bitcoin

Benzinga What Keystone Pipeline Cancellation Means For Crude-by-rail President Joe Biden’s revocation of the March 2019 permit enabling the construction of the Keystone XL pipeline will likely result in more crude-by-rail volumes, according to industry observers. But how much volumes will increase could largely depend on the price that heavy crude oil can fetch in the global market. “The cancellation of the Keystone pipeline project was inevitable once the government changed. Despite its… Source link

Greg King of Osprey Funds Julia King As bitcoin grazes $50,000, a mad frenzy is underway to create crypto funds. Near the front of this stampede is an entrepreneur who has survived many a wild ride in the most volatile corners of Wall Street. Now is his moment to cash in. Greg King, 46, is the controlling shareholder in Osprey Funds, manager of what is likely to become the second freely traded pure play bitcoin fund in the U.S. The first one, Grayscale Bitcoin Trust, is… Source link

Photographer: Akos Stiller/Bloomberg Bitcoin reached another record, coming ever closer to $50,000, as the world’s largest cryptocurrency extends its breathtaking rally. The token climbed as much as 3.6% to $49,913 in Asian trading Tuesday, according to a composite of prices compiled by Bloomberg. Bitcoin’s volatile, fivefold advance over the past year towers above the returns from… Source link

Bitcoin, after taking a week-long breather in its blistering 2021 bull run, has suddenly shot higher. The bitcoin price briefly climbed past the closely-watched $50,000 per bitcoin level for the first time late on Monday evening, hitting $50,110 on the San Francisco-based exchange Coinbase and $50,240 on the Singapore-based crypto derivatives exchange Bybit before falling back. MORE FROM FORBESLawyers Warn Tesla Billionaire Elon Musk Over Bitcoin Boosting TweetsBy Billy Bambrough … Source link

Photographer: Akos Stiller/Bloomberg Photographer: Akos Stiller/Bloomberg China’s blockchain stocks are missing out on the cryptocurrency mania that has pushed their global peers to record highs. A Bloomberg-curated basket… Source link

Bitcoin came close to breaking the $50,000 barrier at the weekend and our Big Read on the cryptocurrency looks at its 350 per cent gain in the past 12 months. Driving the price in the past week has been the Tesla revelation that it had spent $1.5bn on bitcoin. Then BNY Mellon — America’s oldest bank — on Thursday said it would start holding and transferring cryptocurrencies for asset management clients, while Mastercard announced it would soon support “select… Source link

Bitcoin fell back after nearing $50,000 yesterday, but quickly recovered to more than $48,800. This … [+] helped show its strength. (Photo Illustration by Mykola Tys/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Bitcoin illustrated its resilient nature today, managing to keep much of the gains it experienced during its recent climb toward $50,000. The world’s most prominent digital currency reached a fresh,… Source link

Wall Street analysts have peppered executives at other high-profile companies about possible bitcoin forays during recent earnings conference calls. GM (GM) CEO Mary Barra said during the automaker’s earnings presentation earlier this month that GM didn’t have any plans to buy bitcoin just yet. “We don’t have any plans to invest in bitcoin, so full stop there,” she said in response to a question from Morgan Stanley auto analyst Adam Jonas. But she did not rule out the possibility of customers… Source link

Despite bitcoin’s rapid $3,000 fall from new record highs seen Sunday, institutions seem confident about the cryptocurrency’s long-term prospects. The cryptocurrency dropped to $47,790 earlier on Monday, after just failing to pass the psychological hurdle of $50,000 over the weekend. So far, however, are there are few signs of preparations for deeper losses in the options market. “There is still an absence of any institutional long-term hedging. In fact, funds continue to take advantage… Source link

Cesc Maymo/Getty Images Bitcoin fell from its record high of nearly $50,000 on Monday after a week-long flurry of increased attention. The token traded around 1.6% lower at $47,845 after hitting its latest all-time high of $49,716 on Sunday. Rising prices and market dominance will lead to increased regulatory scrutiny, one crypto expert said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin slid on Monday from its latest all-time high as… Source link