Category: Bitcoin

Over the years, Bitcoin has been able to overcome naysayers by frequently reinventing its narrative. Because Bitcoin (BTC) is multifaceted, it is able to quickly change to confront new criticism. We have seen this over the years. For example, Bitcoin used to be frequently assailed by the media for its volatility — many articles pushed

Bitcoin (BTC) kept traders guessing with rangebound action on June 30 after a push beyond $37,000 resistance ended in rejection. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Wyckoff stresses $32,300 support Data from Cointelegraph Markets Pro and TradingView showed a day of reversal for BTC/USD on Wednesday, the pair down 4.5% hitting $34,500. After accelerating upwards

Institutions are holding their breath when it comes to buying more Bitcoin (BTC), even at $34,000. According to data covering BTC balances on major exchange Coinbase, little mass buying has occurred in recent weeks. Institutional demand “still low,” says analyst Despite BTC/USD trading at over 50% below its recent all-time highs, there is curiously little

Despite BNY Mellon’s entrance into Bitcoin (BTC), the CEO of one of the company’s asset management units is still sceptical about major risks associated with the world’s largest cryptocurrency. Francesca Fornasari, head of currency solutions at BNY Mellon’s subsidiary Insight Investment, believes that Bitcoin may not be suitable for most institutional investors due to extreme

Russia’s central bank has scheduled a risk assessment for cryptocurrencies like Bitcoin (BTC), according to the Bank of Russia’s screening program for the second half of 2021. The examination of the potential risks of cryptocurrency investing will consider “systemic risks linked to cryptocurrency investment by Russian individuals and entities.”  As part of the investigation, the Bank

New York Digital Investment Group (NYDIG) has partnered with the Atlanta-based enterprise payment behemoth NCR to enable Bitcoin (BTC) services for banks and credit unions in the United States. According to Forbes on Wednesday the deal will see 650 banks and credit unions in the U.S. able to provide Bitcoin trading services to their over

Widely-followed on-chain analyst Willy Woo says he’s seeing signs of furious Bitcoin buying happening behind the scenes. In a new interview on the What Bitcoin Did podcast, Woo says he doesn’t believe that BTC is in a typical bear market as on-chain signals continue to show signs of accumulation.   “We’re not seeing the normal

India’s reserve bank has long since condemned the use of cryptocurrencies, but other than the Supreme Court striking down its 2018 bill last year, the Indian government’s stance on cryptocurrencies has been largely uncertain.  On one hand, top sources tracking the government’s stance say it has shifted away from the idea of a complete ban.

Institutional investors are looking for ways to participate in the crypto market without going out of the regulated space or mastering the advanced technology behind Bitcoin (BTC), and asset managers are finding alternative solutions to meet the need. Paris-based investment management company Melanion Capital partnered with index platform Bita to launch the Melanion Bitcoin Exposure

Aswath Damodaran, professor of finance at New York University’s Stern School of Business, has reiterated his criticism of Bitcoin (BTC). Appearing on episode 10 of the Moneycontrol Masterclass program, the NYU professor doubled down on his longstanding repudiation of Bitcoin as currency. According to Damodaran, Bitcoin’s limited use in microtransactions flies in the face of