With Bitcoin up by 5% in the past 24 hours, the crypto asset is back in the $58,000 range, again. While its price had been gradually going up, some people called into question, just how reliable the asset was? Like Donald Trump’s former advisor, Judy Shelton who stated that the asset “is not a reliableContinue reading “Why Bitcoin got to $1 trillion market cap ‘faster’ than big tech firms”

As Bitcoin surges in price and popularity, many institutions are trying to meet client demand for the asset by incorporating the crypto in various ways. For instance, earlier today a major investment bank, Morgan Stanley became the latest entity to follow suit. The US bank decided to offer its clients access to Bitcoin funds, asContinue reading “Major firms to announce game-changing Bitcoin ‘milestones next week’”

With NFT sales on the rise, news agency CNBC revealed that buyers and sellers could face taxes on such transactions. According to the company’s wealth reporter, Robert Frank, the US Internal Revenue Service (IRS) could impose steep taxes on those who sell “highly valued” crypto assets to buy NFTs. The CNBC reporter pointed out:  Collectors whoContinue reading “Those buying NFTs with Bitcoin or Ether may face tax surprise”

Financial advisors at Morgan Stanley’s wealth management wing have made a new case for cryptocurrencies. In their new outlook, digital assets are seen as an emerging investable asset class and that a “threshold is being reached.” Penned by Chief Investment Officer Lisa Shalett of Morgan Stanley and Executive Director Denny Galindo, the experts cautioned thatContinue reading “Morgan Stanley makes a case for Bitcoin as an ‘investable asset class’”

When it comes to Bitcoin-focused businesses and regulations, the Swiss government has often kept an open mind. Last year, the region decided to allow users to pay their taxes through Bitcoin and Ether, which was seen as a sign of encouragement for the sector. Next, Zug, one of the largest towns in the Alpine region,Continue reading “Bitcoin Suisse to withdraw banking license application as Swiss regulator ‘unlikely’ to approve it”

Grayscale Investments announced the launch of five new trusts based on various cryptocurrencies such as Basic Attention Token (BAT), Chainlink (LINK), Filecoin (FIL), and Livepeer (LPT) coins, and even virtual-reality world Decentraland (MANA). In a release shared with AMBCrypto, the firm said that each of these crypto trusts is structured as a Delaware Grantor TrustContinue reading “Grayscale offers five new crypto trusts based on BAT, LINK, FIL, MANA, LPT”

News of Coinbase going public had gripped the industry, even before the crypto exchange officially filed its S-1. In the latest development, the crypto platform submitted an amendment to Form S-1. US Securities and Exchange Commission released the filing on 17 March, which indicated Coinbase’s plans to sell 114.9 million shares in a direct-listing. TheContinue reading “Coinbase registers more than 114 million Class A shares, ahead of direct listing”

It seems like all companies these days want to accept “alternative” payments. But Bitcoin is not the only option out there, at least some firms think DOGE makes for a good alternative currency. Earlier today, retailer Pay Later Tires announced that it will accept payments in Dogecoin, Bitcoin, and Ethereum to purchase tires and wheelsContinue reading “Online tire and wheel retailer accepts Dogecoin, Bitcoin, and Ethereum as payment”

On its way down, the price of Bitcoin often comes across many bearish sentiments claiming why the asset should not be trading high in the first place. In one such outlook, economic advisor to former President Donald Trump, Judy Shelton shared her opinion on the crypto asset in a recent interview with CNBC Squawk Box.Continue reading “Trump’s former economic advisor explains why Bitcoin is not a ‘reliable store of value’”

Currency instability and hyperinflation seemed unreal until a global pandemic struck, sending many nations into economic turmoil. Most economists began to wonder if the end of the pandemic would mean the birth of another Venezuela, which is currently facing a 438% (hyper) inflation rate.  However, like several other Bitcoin enthusiasts, podcaster, Max Keiser thinks inflationContinue reading “Bitcoin may hit $220,000 in 2021 if ‘hyperinflation collapses fiat’”

The judge overseeing the SEC-Ripple lawsuit has denied the intervention of the assets holders to participate as third-party defendants in the legal battle. The move was dismissed by Judge Analisa Torres which was filed by  John Deaton, an XRP hodler, of Deaton Law Firm LL. In a letter to Judge Torres, Deaton said he representedContinue reading “XRP holders lose bid to intervene in Ripple-SEC case as a third-party defendant”

After the stimulus package worth trillions of dollars received the green light from US authorities, many Americans received their own stimulus checks. US citizens have decided to put these funds to interesting use, according to a new survey from Mizuho Securities.  Managing Director of Mizuho, Dan Dolev predicted that about 10%, or nearly $40 billionContinue reading “About $40 billion from stimulus payments may be spent on Bitcoin”