Pantera Capital CEO Dan Morehead has revealed he believes the price of bitcoin will be trading between $80,000 and $90,000 by the end of the year, and that it will rise to over $120,000 within a year. Morehead told the Reuters Global Markets Forum that increased mainstream adoption could help the flagship cryptocurrency’s price surpass $700,000 in the next decade. […]

The world’s leading crypto experienced a market sentiment shift after rallying nearly 44% in a week, defying predictions that it would dip further toward the $20K range. However, the momentum seems to be slowing down after BTC faced a rejection yesterday and ranked below $40K. As of this article’s writing, BTCUSD is down almost 3% at its price of $38,630, […]

Bitcoin is not a commodity, a security, property, and certainly not a foreign currency, but actual cash according to a new ‘must pass’ law that is currently at Congress. The $1 trillion Infrastructure Investment and Jobs Act is mostly about fairly cool things like trains and boats, as well as Buy American, Build in America, Make PPE in USA, and… […]

There has long been growing interest by institutions to adopt cryptocurrencies; the setback has been regulations that restrict their exposure to the asset class. Germany is paving the way for its institutions to dabble into the crypto sphere. According to our recent report, Germany plans to allow certain institutional funds to invest in cryptocurrencies. The law comes into effect today […]

As the U.S. Senate plans to hold a popular vote on the proposed infrastructure bill under which a last-minute cryptocurrency tax law was introduced, some believe that the whole bill is ill-fitted due to its vagueness and could prove colossal to the industry and by large, the U.S. economy. Privacy Concerns The law, which seeks to subject players in the […]

Bitcoin has crossed $42,000 overnight with it currently trading at $41,500 in a jump from $38,000 the previous day. There are numerous reasons, including potentially the fact money parked at the Fed in Reverse Repurchase Agreements has crossed $1 trillion for the first time. Reverse repos are short term purchase agreement where banks give cash to Fed in return for […]

A new mutual fund is set to allow investors to gain exposure to the flagship cryptocurrency bitcoin without buying BTC through an exchange or managing any private or public keys to manage their coins. ProFunds has announced in a press release the launch of the Bitcoin Strategy ProFund, a publicly available bitcoin mutual fund in the United States that invests […]

Whereas most crypto audiences are focused on the bitcoin price pumping to infinity, finding a voice of reason is hard. Bitcoin’s recent hyped rally expected to break the $41,000 ceiling could be a dead cat bounce after all according to some analysts. The asset which rose fairly fast from its recent dip printing eight consecutive daily bull candles for the […]

PayPal is expanding the ability to buy bitcoin to the United Kingdom according to PayPal’s CEO Dan Schulman. In an earnings call, he said: “We’re going to launch, hopefully, maybe even next month in the UK. Open up trading there. We’re working right now on transfers to third party wallets. And we really want to make sure that we create […]