Category: Bitcoin

British investment banking giant HSBC now prohibits its customers from buying shares of Michael Saylor’s business intelligence firm MicroStrategy (MSTR). Twitter user Camiam shares a letter from HSBC InvestDirect (HIDC) informing him that the bank is changing its policy on virtual assets, including Bitcoin and Ethereum. Hey @michael_saylor , you may want to ask your

Grayscale, the world’s largest crypto asset management firm, is on a buying spree after purchasing massive amounts of cryptocurrencies to the tune of $1 billion in just 24 hours.  In a tweet posted on April 9th, Grayscale revealed that its total assets under management (AUM) stands at $46.1 billion.  04/09/21 UPDATE: Net Assets Under Management,

Business intelligence firm MicroStrategy announced on Sunday that its board of directors will now receive bonuses in Bitcoin (BTC) instead of cash. A modified 8-K form filed with the United States Securities and Exchange Commission revealed MicroStrategy’s decision to dispense with cash bonuses and instead use Bitcoin to compensate those on the company’s board. The

Cointelegraph Consulting’s 2021 ranking of the top five United States-based regulated crypto asset management firms highlights that Bitcoin’s explosive growth in price has catapulted many digital asset managers past the half-billion-dollar mark.  As more and more investors are turning to the digital asset market, these companies are on track to becoming important players in the

Bitcoin (BTC) is a “caged bull” and the end of its current price run is nowhere near at $60,000, says Bloomberg Intelligence. In a tweet on April 12, senior commodity strategist Mike McGlone delivered his latest bullish verdict on the state of Bitcoin this month.  Analyst: 2021 bull market is “tame” According to McGlone, who

Bitcoin’s bullish 2020 closeout was not enough to prevent Canaan from incurring a net loss in 2020. According to the company’s unaudited financial report for Q4 2020, the Bitcoin (BTC) miner maker’s net loss for 2020 was about $33 million. However, Canaan’s 2020 net loss is significantly lower than the $148 million recorded in 2019.

Galaxy Digital has submitted a Bitcoin (BTC) ETF filing with the United States Securities and Exchange Commission. According to the form S-1 published by the SEC on Monday, the Galaxy Bitcoin ETF — if approved — will trade on the NYSE Arca exchange with the Bloomberg Galaxy Bitcoin index tapped as the pricing mechanism. Detailing

India has been the subject of intense speculation regarding the future legal status of Bitcoin (BTC) and other cryptocurrencies in recent months. Speculation went into overdrive in February when an anonymous Indian minister told Bloomberg that a nationwide blanket ban on cryptocurrency was imminent and that holders would be given a matter of months to

Macro guru Raoul Pal is suggesting that a seven-figure price tag on Bitcoin this bull run is not as unrealistic as crypto investors might think. In an interview with Dr. Julian Hosp, the former Goldman Sachs executive says that from his perspective, Bitcoin’s current bull cycle looks a lot like the 2013 cycle, but is

Altcoin Daily host Austin Arnold is warning that the crypto markets could play host to some major price manipulation in the coming months. In a new video, the crypto trader says that the introduction of Bitcoin micro futures (contracts for 0.1 Bitcoin) by the Chicago Mercantile Exchange (CME) in May could allow traditional markets actors