Cryptocurrency insights firm Santiment has revealed that traders on BitMEX are increasing their short positions against BTC, which could be a “great sign for those waiting for markets to turn upward again,” as prices “tend to increase when crowd FUD begins to take hold.” rates at negative levels over the last few weeks, hitting their lowest level in 14 months. […]

El Salvador Passes Bill to Acknowledge Bitcoin as Legal Tender A day earlier, El Salvador’s legislative assembly passed a new bill formally acknowledging and adopting Bitcoin as legal tender in the country. 62 out of 84 possible votes were cast for the bill and Bitcoin will become legal tender in El Salvador in the next 90 days. El Salvador thus […]

Market conditions in 2021 are perfect for bitcoin to reach and surpass the $100,000 price level according to senior Commodity analyst at Bloomberg Intelligence Mike McGlone. McGlone, who has recently been predicting (on a consistent basis) a positive outlook for bitcoin and the entire crypto market said that key factors that support this analysis include last year’s bitcoin halving, increased demand, and adoption […]

Arcade Crypto, in collaboration with Valour Structured Products, Swiss-based exchange-traded product (ETP) issuer and a subsidiary of DeFi Technologies, to list the first cryptocurrency fund-based ETP  Arcane Plans to List Crypto Fund-Based ETP In a press release by Arcane Crypto on Wednesday (June 16, 2021), the company announced that Arcane Assets, its wholly owned subsidiary, signed a “Letter of Intent” […]

All mining facilities in Xinjiang, Inner Mongolia, and Qinghai provinces have been shut down. China has long accommodated over half the world’s bitcoin miners, but now, Beijing wants them out ASAP. China Might Wipeout Mining Activities Now only hydropower mining farms in Sichuan are left. Presently the clean energy usage by Bitcoin miners already exceeds 50%. A few days ago, […]

An investment firm called Two Prime Digital Assets Fund has stated they raised $40 million from 12 investors according to a filing with the Securities and Exchanges Commission (SEC). Two Prime describes itself as a hedge fund with this raise being a pooled investment to provide exposure towards cryptos. They focus on high net-worth individuals, family offices, institutions, and corporate […]

Microstrategy closed its bitcoin offering today, raising $488 million after accounting for costs according to a statement. If buying begins now, then saylorbot is expected to purchase $2,000 worth of bitcoin a second with it estimated to last ten days. They will do so through Coinbase Prime, the big boys section that has algo wizzing to basically market buy on […]

On Monday (June 14), the Bitcoin price broke above the $40,000 level for the first time since May 27 after legendary billionaire macro investor Paul Tudor Jones II (aka “PTJ”) said in an interview that he likes Bitcoin as a portfolio diversifier. PTJ, who is the Founder and the Chief Investment Officer (CIO) of asset management firm Tudor Investment Corporation (aka “Tudor”), made his comments […]