Tags : Asset

Regulation

Dutch economic advisor calls for a Bitcoin ban even as

An official of the Central Planning Bureau (CPB), an independent, publicly financed policy arm that advises the government of the Netherlands, said today that Bitcoin and other cryptocurrencies should be banned in the country. The director of the ‘Centraal Plan Bureau’ (CPB), an economic research institute that advises the Dutch government, wrote an essay that […]Read More

Regulation

India could soon classify Bitcoin as a regulated ‘asset’

Lawmakers in India are reportedly looking to classify Bitcoin as an ‘asset’ regulated by the Securities and Exchange Board of India (SEBI), as per a report on local daily the New Indian Express this morning. Regulation for Bitcoin incoming? SEBI is expected to oversee Bitcoin activity in India and classify it as a proper, regulated […]Read More

Bitcoin

Bitcoin dumps 9% even as Central American leaders endorse the

Bitcoin dropped 9% on Tuesday morning even as Central American leaders switched to ‘laser eyes’ this week, data from multiple sources shows. The sentiment is arguably bearish, as the dumps come off the back of nation-states moving to adopt the asset and analytics provider MicroStrategy announcing a $400 million private note round to acquire even […]Read More

Bitcoin

Goldman Sachs studies crypto as an asset class—a year after

Major American investment bank Goldman Sachs has seemingly recognized that cryptocurrencies are an emerging new asset class after all—despite stating otherwise just a year ago, according to its recent report. A part of this paper, posted on Twitter by economist Alex Krüger yesterday, explained that Goldman Sachs, among other things, turned to crypto-related companies like […]Read More

Bitcoin

Goldman Sachs is trading Bitcoin a year after saying crypto

US bank Goldman Sachs has launched a cryptocurrency trading team, as per a report this morning on news outlet CNBC. Goldman Sachs just formed an entire cryptocurrency trading team under their Global Currencies divsion. Last year, they called #bitcoin “not an asset class” — Documenting Bitcoin 🟩 (@DocumentingBTC) May 7, 2021 From no crypto to […]Read More

Bitcoin

215k Bitcoin moved to ‘HODL’ wallets as asset recovers to

Bitcoin markets fell over -7% in the past day amidst a broader fallout in crypto markets and a surge in the Dollar Index (DXY), data from multiple sources shows. However, on-chain data from analytics tool Glassnode showed buyers were stacking sats and sending newly-bought Bitcoin to long-term wallet holdings instead of selling the asset outright […]Read More

Regulation

$5 trillion asset manager Fidelity applies for Bitcoin ETF

FD Funds Management, a subsidiary of Fidelity Investments (which manages over $4.9 trillion in assets), yesterday filed a preliminary registration with the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin (BTC) exchange-traded fund (ETF). “The digital assets ecosystem has grown significantly in recent years, creating an even more robust marketplace for investors and […]Read More

Bitcoin

One Year Later: Bitcoin Emerges As “The Stimulus Asset”

Bitcoin price is trading at above $52,000 currently, yet less than one year ago from today it struggled to crack $10,000. Failure sent the cryptocurrency plummeting to Black Thursday lows, but from there confirmed the bear market was over, and has been in an uptrend ever since. During that time, compared to all other assets, […]Read More

Bitcoin

MicroStrategy buys another $10 million of Bitcoin, and it’s now

Expect Micheal Saylor to purchase all your Bitcoins the minute you stop paying attention. The MicroStrategy CEO announced today that the enterprise software maker had purchased over $10 million worth of Bitcoin, adding to its war chest of over a billion dollars worth of the asset already. “MicroStrategy has purchased approximately 295 bitcoins for $10.0 […]Read More