Coinbase ‘Year in Review’ 2020 report stated that there was a growing institutional demand for Ether, amid increasing corporate investments in Bitcoin. According to researchers at Coinbase Institutional, while the exchange’s clients predominantly bought Bitcoin last year, a growing number also took positions in Ethereum.  Most institutional clients at Coinbase think of Ethereum as aContinue reading “Other than Bitcoin, Coinbase notes institutional demand for Ethereum as well”

MicroStrategy’s Michael Saylor recently made bullish statements about Bitcoin in a recent interview. While reiterating the personal custody features of the asset, the CEO asserted that even if somebody “holds a gun to your head” nobody, including tax authorities, can “take Bitcoin away from you.” Saylor, who once revealed his personal Bitcoin holdings added:  YouContinue reading “MicroStrategy CEO addresses FUD over tax issues for Bitcoin investors”

Nasdaq-listed Marathon Patent Group today bought 4,812.66 Bitcoin worth about $150 million for their balance sheet treasury reserves. Marathon’s chairman & CEO, Merrick Okamoto, believed that holding part of their Treasury reserves in Bitcoin will be a better long-term strategy than holding US Dollars, “similar to other forward-thinking companies like MicroStrategy.” On 22 January 2021,Continue reading “Nasdaq-listed Marathon buys 4,813 Bitcoin worth $150 million”

Hot on the heels of Bitcoin, the world’s largest cryptocurrency, registering its own ATH a few weeks ago, it would seem that the world’s largest altcoin is intent on replicating BTC’s performance as well. Ether has now breached its previous ATH and registered a new high at $1476 in the early hours of 25 Jan.Continue reading “Ethereum shatters $1,448 ceiling and surges to touch new ATH”

For a while now, Bitcoin has remained above the $30,000 range even though the asset saw one of the most “dramatic drops” compared to altcoins, over the past week. While some traders gave into FUD, others thought BTC could fall as low as $26,000. But a significant number of people in the space are waitingContinue reading “Weiss analysts on Bitcoin rally: it’s shaping up to be déjà-vu all over again”

After reaching all-time highs, both Bitcoin and Ether have faced a wave of correction; while the former seems to be stagnated, the latter slid further. Experts believe the current dip in prices is a temporary setback and even a healthy pullback before Bitcoin and Ether reach higher ranges. However, a popular trader and crypto analystContinue reading “Popular analyst prefers altcoins LINK, UNI, others during Bitcoin & Eth’s correction phase”

China-based Bitcoin miners are facing setbacks because of a lack of mining chips, across the world. The region, which is the world leader in the mining business, is facing unprecedented prices of mining equipment, amid increasing demand for cryptocurrency. TokenInsight COO Wayne Zhao explained in a report that China once accounted for 80% of theContinue reading “Not enough chips to support production of Bitcoin mining rigs”

As of 22 January 2021, publicly-traded company, MicroStrategy increased its Bitcoin holding by making an additional purchase of the asset. According to its latest announcement, MicroStrategy acquired  $10 million worth of Bitcoin, paying roughly $31,808 per coin on average. The firm managed to gain from its earlier holdings during bull market conditions. At the veryContinue reading “MicroStrategy buys the Bitcoin dip worth $10 million”

Bitcoin mining company Hut 8 has finalized a loan to purchase 5,400 units of MicroBT’s mining equipment, which will increase the firm’s capacity to mine Bitcoin by 475 petahashes per second (PH/s), over the next six months. The firm completed the equipment financing loan worth $11.8 million from Foundry Digital, which is a subsidiary ofContinue reading “Canadian firm Hut 8 finalizes $11.8 million loan for new Bitcoin mining machines”

Experts often say the altcoins rally with Bitcoin, and even fall with it. On 21 January, Longhash revealed that in the last seven days, 92% of crypto tokens “outperformed Bitcoin.” Bitcoin rallied to new ATHs and has remained over the $30,000 range, which still accounted for less volatility compared to previous rallies. However, with increasingContinue reading “90% of these altcoins outperformed Bitcoin recently”

When stories of Bitcoin millionaires began to emerge alongside the asset’s rally, Ether’s users also had a tale or two to share. An anonymous hodler who bought Ether, when it was trading at $2, is apparently “fully out of the game.” The trader who goes by the handle “u/FollowMe22” on Reddit apparently sold Ether recently.Continue reading “This early investor just sold his Ethereum stash he hodled for five years”

For the third time, China’s southeastern city of Shenzhen will issue the nation’s digital currency as part of an ongoing pilot program to test China’s central bank project among its citizens.  Authorities will giveaway digital currency in the “red envelopes” event, which will be worth 200 yuan (about $31) each, through a random draw. InContinue reading “Chinese city to issue $3 million in digital Yuan in pilot giveaway”