Archived Posts

Similar to Warren Buffett, chairman of Berkshire Hathaway, his partner Munger is a scathing critic of Bitcoin (BTC). While speaking to the shareholders at the 2021 Daily Journal yearly meeting hosted by Yahoo Finance, the 97-year old once again issued a negative statement on the king of crypto. While answering to queries from shareholders with   Read more...

VersaBank, through a media release Wednesday, stated that it intends to roll out a cryptocurrency named VCAD, which will supposedly be pegged to Canadian dollars held in the bank. The Canadian bank asserted that VCAD would practically turn out to be “the first digital currency to represent a fiat currency” unveiled and supported by a   Read more...

Bitcoin’s price rallied considerably in January. Notably, in the same month, the Chicago Mercantile Exchange (CME) also attained record Bitcoin (BTC) futures trading volume. A CME representative said “In January, BTC average daily volume (ADV) reached a monthly record of 17,549 contracts (87.7K equivalent bitcoin).” Furthermore, every Bitcoin futures contract from CME is equivalent to   Read more...

As per a report published by cryptocurrency market data collector Glassnode, large investors (also referred to as ‘whales’) in Bitcoin sold off huge quantities of Bitcoin this month. Glassnode categorizes any address holding 1,000 to 10,000 Bitcoins as a “whale.” It also calls addresses holding over 10,000 Bitcoins as “humpback whales”. The report identified that   Read more...

Square, which offers payment processing services and also supports crypto purchases, has revealed another round of investment in Bitcoin (BTC). Through a media release, the company stated that it “has purchased approximately 3,318 bitcoins at an aggregate purchase price of $170 million.” “Combined with Square’s previous purchase of $50 million in bitcoin, this represents approximately   Read more...

Bitcoin (BTC) got smashed by another round of sell off in the crypto market on February 23. After declining to below $45,000 Bitcoin has regained only a portion of the lost ground. At the time of writing this article, Bitcoin was trading at $50,768, reflecting a gain of about 0.75% in the last 24 hours.   Read more...

Bitcoin (BTC) continued to decline on unabated selling pressure. The numero uno crypto in terms of market cap declined below $47,000 for the first time in over seven trading days. Data provided by CoinGecko indicated that Bitcoin hit $45,000 on Bitstamp. At the time of writing this article, Bitcoin was trading at $46,555, reflecting a   Read more...

Ripple, in its latest media release, has revealed that it has set up a new firm in the crypto friendly state of Wyoming. According to an official record submitted with the Wyoming Secretary of State, the company has submitted the paperwork for the new company Ripple Markets WY LLC on November 2, 2020. The proposal   Read more...

Although it might seem that few of the biggest global financial entities are joining the crypto domain, this moment it is not only Bitcoin and Ethereum that they are concentrating on. The biggest U.S. bank, JPMorgan, has invested in the fourth-largest crypto Polkadot. The data released by Bloomberg Terminal notes that these companies have indirectly   Read more...