Cryptocurrencies remained positive early on Monday, amidst world markets that are digesting the PMI contractions in Europe, the political crisis in U.K., the slump in oil prices and renewed hopes of softening in the Fed’s stance. Interest rate reviews by Bank of Canada, ECB, Bank of Japan, Reserve Bank of Australia and the Federal Reserve are due in the next […]

Shares of Snap Inc. (SNAP) are down more than 28% in pre-market after the snapchat parent company reported wider loss in the third quarter. Net loss the third quarter was $359.5 million or $0.22 per share, wider than 71.96 million or $0.05 per share loss in the same quarter a year ago, due to increased expenses. Excluding one-time items, the […]

Earlier this week, Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence (Bloomberg’s research arm on the Bloomberg Terminal”), shared his latest thoughts on Bitcoin. His comments were made during an interview with Daniela Cambone, Editor-at-Large and Anchor at Stansberry Research. According to a report by The Daily Hodl, McGlone told Cambone: “So Bitcoin, I think it’s [only] a matter of time [until] it appreciates towards that […]

Multiple crypto-related records reportedly appear in the 2023 edition of the famous annual reference book Guinness World Records (which was “known from its inception in 1955 until 1999 as The Guinness Book of Records”). Here are a few of the new entries in Guinness World Records: First commercial Bitcoin transaction Oldest cryptocurrency First blockchain Some of the other crypto-related new entries […]

Celebrity investor Kevin O’Leary (aka “Mr. Wonderful” on ABC TV series “Shark Tank“) says that sovereign wealth funds are mostly not invested in crypto right now, but they could go for a 0.5% to 1% allocation to Bitcoin once there is more regulatory clarity in the U.S. According to a report by The Daily Hodl, O’Leary made these comments last Friday […]

Ark Investment Management analyst Yassine Elmamdjra believes that Bitcoin will reach $1 million per coin by the year 2030. Earlier, Cathie Wood, CEO of Ark Investments, had also reiterated a similar statement, adding that BTC will hit $1 million by 2030. Ark Investments management analyst Yassine Elmandjra is incredibly bullish on Bitcoin. In an interview with Bloomberg, Elmandjra predicted that […]

The Bank of New York Mellon Corp. or BNY Mellon, claimed to be the world’s largest custodian banks, announced that its Digital Asset Custody platform is live in the U.S. for institutional clients, with select clients now being able to hold and transfer cryptocurrencies such as bitcoin and ether. This move is part of BNY Mellon’s commitment to support client […]

On Monday (October 10), Michael Saylor, Co-Founder and Executive Chairman of business intelligence software company MicroStrategy Inc. (NASDAQ: MSTR), talked about Bitcoin’s Lightning Network. It is worth remembering that on 11 August 2020, MicroStrategy announced via a press release that it had “purchased 21,454 bitcoins at an aggregate purchase price of $250 million” to use as a “primary treasury reserve asset.” Saylor […]

Cryptocurrencies edged down early on Friday amidst lingering concerns over the macroeconomic situation, particularly inflation and monetary policy. Markets are anxiously waiting for the non-farm payrolls data from the U.S. later on Friday for indications on the strength of the labor market and its likely influence on the tone of Fed’s monetary policy. Also adding to the anxiety surrounding inflation […]