Current Price $541.27
Amid the ongoing resuscitation in the global crypto market, Bitcoin (BTC) critic Peter Schiff has thrown shade at the digital currency’s early adopters, particularly those who were instrumental in pushing up the price of the digital asset when it was undergoing its last major correction. Schiff, known for his antagonistic views in regards to Bitcoin investments, noted that he did not expect…
Dogecoin (DOGE) will continue gaining traction, and it will soon be entering the NBA thanks to seasoned investor and owner of Dallas Mavericks – Mark Cuban. Dallas Mavericks will be accepting Dogecoin payments for tickets and merchandise purchased online. The NBA team and BitPay – one of the world’s biggest cryptocurrency payment services – will partner up to…
What is the state of Enterprise Blockchain? Are we advancing? Are we stalled? Why? This article examines the state of the industry; this is not intended to be a comprehensive review, rather, the goal is to focus on the primary market participants. With this report-out for context, it then posits a platform strategy for industry success based on my…
Bullish maneuvers from MicroStrategy, Goldman Sachs and Citigroup are just a few of the factors backing Bitcoin’s rally back to $50,000. March 2, 2021 by Jordan Finneseth On March 1 cryptocurrency investors woke up to the sight of Bitcoin (BTC) rising from it weekend correction to $44,000 as the market found its bullish momentum and altcoins rebounded from their swing…
The Federal Reserve Bank experienced a nationwide outage with its electronic payment system on Wednesday afternoon. As reported, a Fed statement attributed the outage to an “operational error” but failed to provide any more details. The glitch affected the Automated Clearing House (ACH), the system which is being used for paychecks, bill payments, and other small and medium-sized transactions across…
The resold NFT by Beeple. Source: A screenshot, Nifty Gateway The non-fungible tokens (NFTs) market is showing signs of hotting up to unprecedented levels – with a Donald Trump-themed piece of digital art fetching a staggering USD 6.6m in a resale deal. The artwork was created by popular digital artist Beeple, who has had an outstanding start to 2021.…
Bitcoin has been touted as a hedge more than once as it has increasingly gained recognition as an ideal digital store of value. Strategists at JPMorgan have recommended a 1% allocation of one’s investment portfolio into Bitcoin as a way to hedge against the volatility of traditional asset classes such as stocks, bonds, and commodities. Per a note…
A major trend in the financial market ecosystem of today is Bitcoin (BTC) investments by corporate or institutional investors, a move that has had a huge impact on the global cryptocurrency market. Responding to a Bloomberg crypto summit tweet featuring his speech, MicroStrategy Chief Executive Officer, Michael Saylor provided an explanation as to why firms have been adding BTC to their balance sheets. MicroStrategy also…
“Traditional Crypto-Pump groups are being copied and legitimized by WallStreetBets,” Jehan Chu, co-founder and managing partner at Kenetic Capital, told CoinDesk. XRP rallied hard on Saturday in a move similar to a crowd pump recently observed in out-of-favor stocks such as GameStop. The cryptocurrency jumped 56% to $0.50944 to hit the highest level since Dec. 22, according to CoinDesk 20…