Bitcoin

Long-considered the Holy Grail of retail crypto investment, a U.S.-listed bitcoin ETF may be on the horizon, supported by a confluence of factors, including a new administration and securities watchdog, as well as the rapid institutional adoption of bitcoin itself. “My guess is we get an ETF this year,” says Mike Novogratz, Galaxy Digital founder and CEO. “Right now, the next-best thing is the Grayscale Trust.” Novogratz is referring to the suite of exchange traded products (ETPs)… Source link

Janet Yellen has previously warned about the illegal use of cryptocurrencies like bitcoin Jacquelyn Martin/AP US Treasury Secretary Janet Yellen has called the “misuse of cryptocurrencies” such as bitcoin a growing problem, in a sign that policymakers are increasing their scrutiny of digital assets. Yet the Treasury Secretary – who took up her post in January – also said she saw “the promise” of cryptocurrencies, in opening remarks at the Treasury’s innovation policy… Source link

An employee wearing a protective face mask inspects Sapphire Technology Ltd. AMD graphics processing units (GPU) at the Evobits crypto farm in Cluj-Napoca, Romania, on Wednesday, Jan. 22, 2021. The world’s second-most-valuable cryptocurrency, Ethereum, rallied 75% this year, outpacing its larger rival Bitcoin. Photographer: Akos Stiller/Bloomberg Bitcoin is largely hanging onto gains… Source link

Bitcoin: One day blockchain will be boring | Fortune … Source link

Bitcoin prices have been scaling new heights recently, and the basic dynamic of tighter supply and increased demand has underpinned that climb, according to a report compiled by London-based crypto custodian Copper.co. Copper made the case that the recent price ascent is a function of steadily rising demand for bitcoins BTCUSD, -0.74% and the growing scarcity of the asset that has a maximum supply of 21 million, which is projected to be hit by 2140. The… Source link

Jaap Arriens/NurPhoto via Getty Images Tesla’s decision to buy $1.5 billion in bitcoin has opened the floodgates for more corporations to buy the cryptocurrency. But according to a Tuesday note from UBS’ Mark Haefele, bitcoin is not yet going mainstream. Detailed below are three reasons why investors should be cautious before speculating in bitcoin, according to UBS.  Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin has surged more than 20% this… Source link

FILE PHOTO: 3D printed Twitter logo is seen in front of a displayed cyber code Reuters Twitter has considered whether to add bitcoin to its balance sheet, though no changes have been made yet, according to CFO Ned Segal. Segal said in a CNBC interview Wednesday that the social media giant continues to “study and look at” incorporating bitcoin into its finances.  “We’ve done a lot of the upfront thinking to consider how we might pay employees should they ask to be paid in bitcoin,… Source link

Price Point Bitcoin (BTC) was lower, after an intraday price spike on Tuesday took the largest cryptocurrency to a new all-time high of $48,226.25, based CoinDesk 20 data.    $50K in sight: “Bitcoin needs a couple more big endorsements, and that could be the key to take prices above the $50,000 level,” Edward Moya, senior market analyst for the foreign-exchange broker Oanda, wrote Tuesday.  Inflation watch: European shares and U.S. stock futures were higher as Bloomberg News reported… Source link

Mark Cuban. RealVision Billionaire Mark Cuban discussed the stock-market bubble, Wall Street Bets, and Bitcoin. The “Shark Tank” star also highlighted the power of AI, digital assets, and stimulus checks. Cuban compared the blockchain industry to the early days of the internet.  Visit Business insider’s homepage for more stories. Tech billionaire Mark Cuban blamed the Federal Reserve for driving up asset prices, suggested retail investors are out for revenge, and delved into… Source link

STRF/STAR MAX/IPx Tesla made significant headlines by investing $1.5 billion into bitcoin, and by announcing that the organization is planning to begin accepting this cryptocurrency as a form of payment. Immediately following this announcement, the price of bitcoin moved rapidly higher and has hit all time highs, which of course generated a frenzy of discussion, debate, and analysis. Following investments and adoption by organizations such as organizations including… Source link