Bitcoin has finally managed to break the $40,000 barrier. In the last seven days, it has lost as much as 5.85%. In the last month, it has dipped by 17.2%.
Ethereum gives a higher utility when compared to Bitcoin. Ethereum has earned global recognition, thanks to its momentous growth, evidenced by the introduction of smart contracts, NFTs, and yield farming.
McDermott noted that clients and other entities are largely treating the digital currency as a new asset class which is notable as we don’t get to witness the emergence of a new asset class every day.
According to the NYDIG CEO, cash being a liability has fueled companies’ decisions to adopt Bitcoin as their treasury reserve asset.
The current gains in the Nasdaq may help the index snap off the 2% loss it has accumulated thus far in May.
The stance of HSBC is opposing to the stance of other major financial institutions like UBS, Morgan Stanley and Goldman Sachs
This will be the first-of-its-kind Bitcoin ETF that will acquire carbon credits against the Bitcoin use with each of the MCO2 tokens representing certified reductions in greenhouse emissions.
The revelation that Dalio owns Bitcoin was warmly welcomed by notable cryptocurrency investors.
Elon Musk’s entry into the crypto mining space can turn the tide towards green crypto mining supported by renewables. North America’s crypto mining firms have the Bitcoin Mining Council to put efforts in this direction.
Per the Goldman Sachs report, the support for the narrative that Bitcoin’s scarcity is what makes it a veritable store of value is no longer tenable.
Top regulators like FinCEN and FATF have introduced several mandatory rules of reporting transactions taking place through unhosted wallets. Reportedly, such transactions have links to money laundering and terror financing and hence greater scrutiny over them is essential.
Tightening China’s cryptocurrency regulations isn’t a new phenomenon, HSBC’s research head says. Bobby Lee, Ballet’s CEO, notes that Bitcoin will rally in the near future.
Big players of the Bitcoin community have started the bottom fishing making the most of Sunday’s market crash. Whales and miners show confidence in the BTC price going ahead.
Although the suspension of Huobi’s products is temporary, the news is expected to contribute to the growth of the existing fear that has gripped the cryptocurrency market in the past few weeks.
One company offers users a gateway to all of the leading digital exchanges like Binance, OKEx, KuCoin, Bitfinex, Poloniex. When using Atani, users do not fall foul of downtime or outages.