Bitcoin traded below low ranges last week, specifically at a daily low of $29,360. The market has been paying attention to the trends, affirming that Bitcoin’s dip below $30,000 was inevitable. In fact, prices were expected to hit lower levels, had the bears remained as resilient with their quest, which is still on. Bitcoin is beginning to imitate previously spotted […]

The popular analysts are speculating that it is only a matter of time before Musk comes traipsing back to being bullish on Bitcoin with Tesla’s Bitcoin holdings “underwater.”  In February this year, Tesla disclosed a $1.5 billion Bitcoin investment in an SEC filing. According to its earnings release in Q1 of 2021 ending March 31, the company made a clean […]

According to a Goldman Sachs survey on their family offices clients, there is growing acceptance and interest in adopting Bitcoin. The prominent investment bank said its survey on 150 ultra-wealthy families, which it deals with globally, revealed that about 15% of them had already invested in cryptocurrencies while another 45% admitted having plans to do so in the near future.  […]

Shares of FinTech provider Cuentas Inc. (CUEN) are up more than 19% Thursday morning on the news of its partnership with WaveMax, a WiFi-5G sharing company. As per the joint venture agreement between the two companies, WaveMax’s SharedWiFI6 patented technology will be offering in 1,000 Cuentas “Bodegas” network throughout the country. This Rollout will begin in the greater New York […]

We all have heard bitcoin is a hedge against inflation due to its fixed limit, but curiously Ark Invest’s Cathie Wood says it is also a hedge against deflation. “Deflation I think is going to be a real thing,” Wood says. “There’s going to be good deflation caused by innovation, so demand will boom because of that. There’s going to […]

It has been a rough 24 hours for bitcoin investors. After trading sideways for a couple of weeks, bitcoin finally broke below the $30,000 support region for the first time in a month on Tuesday. The downward move has inadvertently cost the flagship cryptocurrency majority of the gains it had accumulated during the 2021 bull rally. Economist Nouriel Roubini — […]

Microstrategy first stormed the Bitcoin market in August of 2020, when it made a purchase of 21,454 BTC at a total aggregate purchase price of $250 million. The market was thrilled to have the software intelligence company make a move on Bitcoin, and the excited chants increased when MicroStrategy followed up that purchase with a 16,796 BTC buy for a […]

In a recent interview, former Goldman Sachs executive Raoul Pal talked about his history of investing in crypto and more specifically explained why he has invested 55% of his money in Ethereum, which he calls “the biggest, clearest bet of all”. Prior to founding macro economic and investment strategy research service Global Macro Investor (GMI) in 2005, Pal co-managed the GLG Global Macro Fund […]