Coincidence? Company stocks rise after they buy Bitcoin as a reserve
The market caps of most companies that bought Bitcoin have increased recently, but is that solely thanks to BTC? Go to Source Powered by WPeMatico
Month: February 2021
Haunted by Past Elon Musk Predictions, Gold Bug Peter Schiff Tears Into Tesla’s BTC Acquisition
After previously claiming that Elon Musk was too smart to buy bitcoin, Euro Pacific Capital CEO Peter Schiff is reacting angrily to reports that Tesla has acquired the cryptocurrency. In a series of tweets on February 8, Schiff now claims that Musk has no interest in bitcoin’s store of value credentials but is only interested … Read more
Baidu reportedly aims to address chip shortage plaguing gaming, crypto and cars
Baidu is reportedly planning to commercialize its chip technology by setting up a dedicated subsidiary backed by crypto-friendly venture capital firms. Go to Source Powered by WPeMatico
Grayscale CEO: Firms race to buy Bitcoin as mood shifts from ‘why’ to ‘why not?’
Grayscale CEO Michael Sonnenshein told CNBC that more tech leaders and institutional investors could follow Elon Musk into Bitcoin after Tesla’s $1.5 billion purchase. Go to Source Powered by WPeMatico
How Tesla Pushing the Entire Crypto Market Upwards
The time when investors were telling jokes about Elon Musk’s intentions to buy a huge amount of BTC is over because Tesla did buy Bitcoins worth $1.5 billion. Go to Source Powered by WPeMatico
Indian Finance Minister Answers Questions on Cryptocurrency Plans and Ban Proposal
India’s Finance Minister Nirmala Sitharaman has answered some questions regarding cryptocurrency in Rajya Sabha, the upper house of India’s parliament. The questions include measures the government plans to impose on the crypto industry. Finance Minister Nirmala Sitharaman Answers Crypto Questions in Parliament The Indian finance minister answered four questions Tuesday in Rajya Sabha regarding the … Read more
Bitcoin’s ‘Elon Musk pump’ rally to $48K was exclusively driven by whales
Bitcoin whales drove the rally to $48,000 and are aggressively buying, Binance exchange data shows. Go to Source Powered by WPeMatico
Total value locked in DeFi marks new all-time high close to $40B
Total value locked in decentralized finance has hit another milestone, but DeFi proponents would do well to look beyond the effects of the bull market on the gross metric. Go to Source Powered by WPeMatico
Too late for Tether ‘FUD’ as Bitcoin price poised to hit $63K, says trader filbfilb
Accusations around Tether bringing down Bitcoin at a later date are dead in the water, the analyst argues in the wake of S&P500 adoption. Go to Source Powered by WPeMatico
Cryptocurrency market cap hits $1.4T and surpasses Google stock
Total crypto market cap overtook Google stock days after Tesla announced a $1.5 billion Bitcoin investment. Go to Source Powered by WPeMatico
