Post Tesla-Bitcoin payment integration, analysts have advised mainstream companies to secure their position in the crypto market or risk losing out entirely. The Bitcoin market is valued at $1 trillion, but this value is expected to topple the valuation of leading tech companies like Apple and Microsoft. Even though these companies have served longer than Bitcoin, the asset is outperforming […]
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According to a report by Norwegian newspaper Dagens Næringsliv (DN), billionaire businessman Øystein Stray Spetalen, has recently invested in crypto exchange MiraiEx and Bitcoin. DN’s report, which was published last night, says that the Norwegian billionaire has done a complete 180 on Bitcoin. Apparently, on March 18, Spetalen had this to say about Bitcoin at the (virtual) DB Invest conference: […]
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The currency bitcoin market correction has dealt a particularly harsh blow to Grayscale Bitcoin Trust (GBTC), the biggest fund tracking the cryptocurrency. BTC Price Momentum As bitcoin prices plummet, the fund has gone into free-fall, shedding almost 20% off its $29.4 billion valuation this week alone.The world’s first cryptocurrency is currently undergoing its worst selloff since Dec of last year, […]
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The CEO of New York Digital Investment Group (NYDIG). Robert Gutmann, has revealed that sovereign wealth funds are making inquiring about investing in the flagship cryptocurrency bitcoin. According to Cointelegraph, Gutmann’s words came during a conversation with former goldman Sachs executive and Real Vision founder Raoul Pal in a podcast. Gutmann said that NYDIG has been having conversations with sovereign […]
Read moreIndia requires companies to disclose their cryptocurrency holdings and transactions in all their public filings of financial statements, according to the Ministry of Corporate Affairs of the Government of India. The new disclosure requirement will come into effect from April 1, 2021, the beginning of the new financial year. As per the amendments made to the Schedule III of the […]
Read moreShares of Resolute Forest Products Inc. (RFP) are up more than 9% Friday morning at $10.34. There have been no company-specific news to move the stock up, today. RFP has been trading in the range of $1.14- $11.18 in the last one year. Resolute Forest Products operates in the forest products industry with a diverse range of products, including market […]
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The Bitcoin price started correcting almost immediately after Elon Musk announced that Tesla can now be bought with Bitcoin. Bitcoin had initially dipped, losing around 4% at midday, and continued to correct downwards the following day. Bulls reclaimed momentum a few minutes after he made the series of tweets and Bitcoin began working its way up. As of publication, Bitcoin […]
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Chairman of the U.S. Federal Reserve Jerome Powell said recently that he considers Bitcoin to be an alternative to gold rather than the dollar. While speaking during the Bank of International Settlements Innovation Summit event, Powell said that Bitcoin was too volatile to replace traditional fiat currencies like the U.S. dollar. He supported the idea of Bitcoin as a digital […]
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Bitcoin’s bull run since last year has seen the top digital asset record massive gains and new all-time-highs despite going through multiple corrections. Bitcoin now holds a 7-day high of $59,014 and a weekly low of $53,285. The top coin has lost 1.2% on the day to trade at around $56,481 in an ongoing downward retracement that has traders looking […]
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