Bitcoin billionaires continue to accumulate during the dip. As Bitcoin (BTC) filled the $42K December price wick this morning, Bitcoin whales were busy stacking sats. One address belonging to Binance added 43,000 BTC on the 4th of January at an average price of $46,553.68, bringing the wallet’s total value to $5.5 billion. Elsewhere, the third-largest…
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Hedge fund manager Ray Dalio remains bullish on Bitcoin (BTC) in 2022, listing three primary reasons why Bitcoin is “impressive.” In a recent interview with The Investors Podcast, he talked up gold and BTC as an inflation hedge. When prompted by interviewer William Green about what a sensible allocation for a layperson would be, Dalio said…
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As Bitcoin’s (BTC) price slides to 2022 lows, Bitcoin bears have come out to play. Popular names in the BTC space including FTX CEO Sam Bankman-Fried and John Carvalho heeded words of caution overnight, while long-standing gold proponent Peter Schiff and eternal pessimist CryptoWhale were keen to kick the coin while it was down. A…
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The United States Securities and Exchange Commission has postponed its decision to approve NYDIG’s spot exchange-traded fund (ETF) for Bitcoin (BTC), delaying until March 16. In a notice published on Tuesday, the SEC found it “appropriate to designate a longer period within which to issue an order approving or disapproving” the ETF. Upon the news,…
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Raise a glass today to the twin characters behind the famous “pomp eet” cryptocurrency meme. The French television presenters died within one week of each other aged 72. According to Le Monde, the two brothers were hospitalized on Dec. 15 and transferred to the intensive care unit of a Paris hospital after contracting COVID-19. Grichka…
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Another promising price prediction has appeared for Bitcoin bulls in 2022. Antoni Trenchev, co-founder and managing partner of Nexo said that Bitcoin could hit the $100,000 milestone as soon as the summer in an interview with CNBC. Despite BTC opening the year with bearish price action, while the fear and greed index shows “extreme fear,”…
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Crypto payments might be the innovation companies are looking for. A recent survey by payment network Mercuryo revealed that 57% of respondents believe accepting cryptocurrency payments would give companies a competitive edge. Among the other standout statistics, more than a third of businesses reported that customers had asked to pay in Bitcoin (BTC), Ether (ETH)…
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In an announcement made on Wednesday, China’s official Xinhua News Agency will issue its first series of NFT collectibles. The move is a thumbs up to blockchain technology previously shunned by the People’s Republic of China (PRC). In an official notice, Xinhua plans to publish 10,000 copies of 11 photos taken by journalists in 2021.…
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Flori Marquez, the co-founder of cryptocurrency custodian BlockFi, says that upwards price action, new talent and regulatory clarity combine to create a bubbling FOMO atmosphere for crypto adoption in 2022. In an interview with Yahoo on Dec. 19, Marquez also shared insights regarding industry growth in 2021. While the number go-up technology of Bitcoin (BTC)…
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The United States Treasury made further hints at new laws for stablecoins on Dec. 17. Nellie Liang, the Under Secretary of the Treasury for Domestic Finance, fueled more stablecoin regulation speculation with comments on investors ‘potentially big risk’ when using stablecoins. Following on from the Financial Stability Oversight Council November 2021 report on stablecoins, the…
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