Is Apple About To Announce A $5 Billion Bitcoin Purchase? One Bank Thinks So

Over a month ago, we correctly predicted today’s “shock” announcement by Tesla, in which Elon Musk’s company decided to pivot once again, this time into the word of cryptocurrencies, by purchasing $1.5 billion in bitcoin (an amount which will give it tremendous leeway in non-GAAP financial when accounting for XBT Mark-to-Market moves, giving it even more buffer to beat estimates). Discussing the major US companies which we expected would announce Continue Reading

Is Dogecoin Next? Robinhood Blocks Skyrocketing Cryptocurrency Championed by Online Traders

While there are many superficial similarities between the GameStop and Dogecoin online investment frenzies, Wall Street stocks and cryptocurrencies are valued using very different systems. The cryptocurrency Dogecoin is experiencing an unparalleled rise in value amid a push by online investors trying to rally purchases. In response, the trading app Robinhood halted instant deposits for crypto purchases; however, the comparisons with the GameStop affair end there. Dogecoin was begun as Continue Reading

Crypto Exchange Binance Says Its Systems Are Under Stress

Binance, the world’s largest cryptocurrency exchange by volume, said a rush of new users put its systems under stress, forcing it to briefly suspend withdrawals. Chief Executive Officer Changpeng Zhao said that user sign-ups and trades jumped to a record high. Crypto prices surged on Friday after Tesla Inc. founder Elon Musk added a reference to Bitcoin to his Twitter profile and posted a mock magazine cover of a whippet Continue Reading

Bitcoin price dips below $30K but here’s why pro traders are still bullish

In the last 24-hours Bitcoin (BTC) price dropped 10% today to test the $30,000 support. This drop below what traders have described as a ‘key’ support occurred just two days ahead of this month’s futures and options expiry. Despite the record-high $4 billion options expiry being just two days away, both bull and bear sides traded similar sizes today. Unlike futures contracts, options are divided into two segments. Call (buy) Continue Reading

Bitcoin held by public companies has surged 400% in 12 months to $3.6 billion

Technology researcher Kevin Rooke has been tracking the Bitcoin (BTC) holdings of public companies throughout the past two years. According to Rooke, public firms now hold over $3.6 billion worth of BTC. In 2019, public companies had merely 20,000 BTC on their books. This figure has increased to 105,837 BTC in 12 months. Rooke said: “Last year, public companies held fewer than 20,000 BTC on their balance sheets. Today, 19 Continue Reading

Bitcoin over gold, recent study reveals what millennials want

A recent collation of studies compiled by SimpleMoneyLife shows that 67% of millennials prefer holding Bitcoin to gold. Millennials are those between the ages of 25 and 40 years. The research referenced a study by deVere Group which claimed that those in this age group see Bitcoin as a superior safe-haven asset than gold. This narrative is becoming increasingly popular in crypto cycles. Ethereum’s founder, Vitalik Buterin, in his 2020 Continue Reading