The first-day moon of the second quarter of the year is unfolded on a bullish note for the cryptocurrency community. Bitcoin has started correcting losses as it heads for a price retest at $60,000, while Ethereum closed the month of April above $2800, encouraging investors to pay attention to the asset as it makes its way to the long-awaited $3000 […]

Earlier today, billionaire value investor Charlie Munger, the 97-year-old Vice Chairman of Berkshire Hathaway, shared his latest thoughts on Bitcoin during a Q&A session at his company’s 2021 annual shareholder meeting. A Recap of Munger’s Past Comments on Crypto Over the past few years, Munger has been a harsh critic of Bitcoin. For example, as first CNBC reported in December 2017, on […]

BNY Mellon has attributed the underperformance of its small-cap exchange-traded fund (ETF) to its failure to add the stocks of bitcoin-linked firms such as MicroStrategy, choosing to invest in gold instead.  Missed Opportunity In its Certified Shareholder Report of Registered Management Investment Companies (Form N-CSR) filing with the U.S. Securities and Exchange Commission (SEC), Bank of New York Mellon (BNY […]

Fidelity Investments has announced the launch of its digital assets analytics platform dubbed Sherlock. The firm says the platform will provide users with the technical, fundamental, and other information they need to make informed investment decisions, according to a press release on April 29, 2021. Fidelity Unveils Sherlock As the cryptocurrency ecosystem continues to expand, with the industry now worth […]

For the first time in 34 months, the Bitcoin dominance has fallen below 50 percent, trackers on Apr 29 reveal. Ethereum and Binance Coin Spearhead the Altcoin Season The shift in dominance coincides with the non-descript, tepid price action of the world’s most valuable currency over the last few weeks. Following the plunge of valuation on Apr 18, BTC prices […]

Bitcoin miners mostly operate with fiat money and are repetitive sellers in the market, liquidating a portion of their stash to finance their daily operational expenses such as electricity costs.  However, it seems that they are currently hoarding their newly minted coins as they have no incentives of cashing out at current prices. A reduction in the transfers to exchanges […]

If there’s one thing we know for sure, it’s the fact that the cryptocurrency community is extremely opinionated. It, therefore, comes as no surprise that crypto Twitter is blowing hot over Facebook’s Q1 earnings report. Facebook’s revenue hits $26 billion, none by Bitcoin On the same day that Elon Musk reassured the Bitcoin community that Bitcoin was reliable to his […]

Tesla’s stock price has fallen by about 4.5% after it revealed in a filing with the securities and exchanges commission that they sold some of their bitcoin “During the three months ended March 31, 2021, we purchased and received $1.50 billion of bitcoin,” Tesla said, adding: “During the three months ended March 31, 2021, we recorded $27 million of impairment losses on bitcoin. We also realized […]