05-JAN-2021

3 weeks ago

BTC-to-Gold Ratio Hits New High, JPMorgan Predicts $146,000 Bitcoin Price Target for Long Term – via CoinGape
In a note to clients, JPMorgan analyst Nikolaos Panigirtzoglou wrote that Bitcoin holds the potential to make substantial gains in the long term giving a price target of $146,000. It means that BTC will be more than 4.5x the current price with its market cap crossing $2 trillion.

3 weeks ago

No Need for South Korean Lawmakers to Declare Crypto after Bill Fails – via CryptoNews
South Korean politicians and senior public officials need not report their crypto holdings or cryptoasset-related earnings, a new report has claimed – and there are no plans to make them do so. Per the Electronic Times, no fewer than three bills that would have seen cryptoassets granted property rights (and thus obliged MPs and civil servants to declare their trading profits) have failed to pass the National Assembly.

3 weeks ago

U.S. Banks Can Now Run Nodes for Stablecoins – via CryptoBriefing
The Office of the Comptroller of the Currency (OCC) has published a letter permitting banks to use stablecoins. It also allows banks to operate blockchain nodes that underlie stablecoins such as USDC. This means stablecoins can now be used for settlement purposes similar to SWIFT and traditional networks.

3 weeks ago

Bitcoin Uptrend From $20K Has Been Lost According To Parabolic Indicator – via NEWSBTC
Bitcoin price is still trading well above $30,000 after a nearly $5,000 retreat from highs set at the turn of the new year. But during the first decent-sized correction in the cryptocurrency since $20,000 was broken, one “parabolic” indicator could be suggesting that the daily uptrend has been lost. Here’s a closer look at the Parabolic SAR indicator and what it currently says about the first-ever cryptocurrency and if its unstoppable rally will continue.

3 weeks ago

Scaramucci’s $25 Million Bitcoin Fund Opens to Investors – via Decrypt
Anthony Scaramucci’s fondness for talking famously led to him getting fired as White House Communications Director after just 11 days. Now, his hedge fund is talking up Bitcoin, which should only help it as it looks to lure investors. Scaramucci’s hedge fund, SkyBridge Capital, which started trading on December 22 with $25.3 million in Bitcoin, has officially opened its Bitcoin fund to accredited investors. (According to Scaramucci, the hedge fund as a whole has over $300 million of funds in the BTC market.)

3 weeks ago

Sports Betting Sites’ Infographic Analyzes Growth in Bitcoin ATMs – via CryptoNews
Bitcoin is enjoying a long bull run. In fact, the cryptocurrency has more than doubled in price this year alone. While its market value has fluctuated as it has generally trended upwards, the growth of Bitcoin ATMs has been unidirectional and exponential. With Los Angeles leading the pack, we are quickly approaching 20,000 Bitcoin ATMs.

3 weeks ago

Three Arrows Boosts Grayscale Bitcoin Trust Holdings to $1.3 Billion – via Decrypt
Three Arrows Capital has significantly increased its Grayscale Bitcoin Trust holdings. The fund now owns nearly 38.9M shares, representing more than $1.31 billion in value. Grayscale now manages $20 billion in total assets, a 10x increase from the start of 2020.

3 weeks ago

Good Samaritan Donates $280,000 in Bitcoin to WikiLeaks Defence Fund – via beincrypto
A crypto fan donated a hefty 8.48 in Bitcoin to the international non-profit organization (NPO) WikiLeaks, specifically to the defense of its estranged founder Julian Assange. The donation was spotted by blockchain tracker and analytics system Whale Alert early on Monday morning. The bitcoin transaction presumably comes on the heels of somewhat favorable news for Assange.

3 weeks ago

Blockstream Debuts Open-source Hardware Bitcoin Wallet – via CryptoNews
The Vancouver, Canada-based major blockchain firm Blockstream said it has launched an open-source, battery-powered hardware wallet for storing bitcoin (BTC) and digital assets issued on the Liquid Network, including tokens like the stablecoin tether (USDT). The wallet is named Blockstream Jade.

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