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In mid-September, Arcane Research reported that the number of bitcoins placed on crypto exchanges had dropped to a three-year low. The last time a similar situation was observed was in August 2018. Long-term BTC holders refuse to sell cryptocurrencies even as they drop in value. According to...
SEC records as of September 27, disclose that New York-based international investment company Morgan Stanley has expanded its shares of Grayscale BTC Trust by over 105% since April. As mentioned in the papers, at the end of July, the Europe Opportunity Fund, focused on settled firms and startups,...
On September 7, El Salvador became the first country to adopt Bitcoin as a legal tender. While many consider this move as of historical importance, Fidelity Investment analyst Jurrien Timmer disagrees. According to him, El Salvador's BTC adoption is overplayed. Timmer expressed his opinion during...
SkyBridge Capital, founded by Anthony Scaramucci, is one of the largest BTC investors. Scaramucci himself periodically points out the advantages of digital currency over other instruments. However, it is too early to talk about institutional adoption of bitcoin, the businessman mentioned. According...
Bitcoin (BTC) will remain a volatile instrument, but it has already become part of the modern financial system. This point of view is shared by Deutsche Bank analyst Marion Labour. He believes that, in fact, BTC can be called digital gold. Cryptocurrency will exist for centuries its main advantage...
After El Salvador became the first state in the world to officially recognize bitcoin as legal tender, discussions of this event only continue to gain momentum. Media, analysts, and financial experts from all over the world are closely monitoring developments in El Salvador and how this innovation...
The September fall in the value of bitcoin (BTC) was taken advantage of by large investors, who are often called "whales". As a reminder, last week the price of the leading digital currency fell below $ 40,000. The pullback was triggered by massive sales in the American stock market. The...
Open interest in bitcoin futures is declining amid a cryptocurrency rollback. Now, this figure is $ 13.97 billion. Binance continues to hold the lead in all the leading metrics in the futures market. The trading volume of this product on the platform over the past 24 hours was about $ 20 billion...
Many citizens of El Salvador did not support the decision of the authorities to recognize bitcoin as a legal tender. The country even held protests against the cryptocurrency law. A poll by Sherlock Communications showed that more than half of Latin American residents know almost nothing about...
Capitalization of the Bitcoin decreased by another 3% on September 22. The fall in the value of the cryptocurrency began last Monday. Capital outflow from risky assets provoked a negative trend in the digital asset market. The sharp weakening of the bitcoin rate is accompanied by a noticeable...
In June, the bitcoin hash rate dropped to 84.79 EH/s, the lowest since September 2019. The drop in network capacity was observed against the background of the mass migration of miners from China. Almost all mining pools began to sell the mined BTC to receive funds for the transportation of...
In early September 2021, a law came into force in El Salvador recognizing bitcoin as a legal tender. In this Latin American state, the number of cryptocurrency terminals has increased dramatically. By expanding the bitcoin infrastructure, President Nayib Bukele expects to increase citizens' loyalty...
In the last 7 days, Bitcoin's price fell by around 10.33% and now trades at $42.100. Ethereum went down by around 14.60% and trades at around $2890. It's the first time since August 6 that the largest altcoin's price declined below $3000. The total crypto market cap fell below $2 T and now stands...
On the night of Friday, September 17, Bitcoin fell to $47,700. On the eve of the morning, the coin tried to gain a foothold above $ 48,000, having secured the support of American investors. However, in the second half of the day, the activity on the market weakened again, and soon the correction...
The CEO and CIO of New York-based investment management firm ARK Invest, Catherine Wood believes that Bitcoin price will go up to $500.000 in five years. She also announced that the company's confidence in Ethereum rose after the ETH2.0 upgrade. Catherine Wood shared her opinion during the SALT...
El Salvador's authorities are considering options to ease the tax regime for all cryptocurrency investors. Bitcoin holders will be exempt from income tax even if they make large profits from trading with this asset. Javier Argueta, who holds the post of legal adviser to Salvadoran President Nayib...
On September 13, MicroStrategy CEO Michael Saylor revealed that the firm added 5050 more Bitcoins to its holdings. The deal was done for around $242.9 M in cash with an average BTC price of $48.099. MicroStrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at an average...
A recent poll by analytics platform YouGov found that nearly 30% of respondents support the government's desire to recognize BTC as legal tender. It is worth noting that the largest percentage of supporters of the innovation falls on the Democrats. Republicans, in turn, continue to have a negative...
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