Bitcoin whale explains to Bloomberg why crypto volatility will decline
The CEO of One River Asset Management believes BTC volatility will decline as its price continues to climb. Go to Source Powered by WPeMatico
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Robinhood suspends buying for GameStop following stonks going ‘to the moon’
The video game retailer had its own GME Army pushing the price of the stock to an all-time high before platforms stepped in. Go to Source Powered by WPeMatico
Grayscale prepares for DeFi future with new cryptocurrency trust filings
The world’s largest cryptocurrency asset management firm could be set to dip its toes into DeFi after filing five new coin trust registrations. Go to Source Powered by WPeMatico
GameStop short squeeze highlights the power of decentralization
What do the traders on r/WallStreetBets have in common with cryptocurrency traders? Both are using technological breakthroughs to skirt processes inherent in traditional financial systems. Go to Source Powered by WPeMatico
Blackrock CEO calls Bitcoin an untested asset in a ‘very small market’
Larry Fink said he was fascinated with the media hype surrounding Bitcoin, but expressed concerns about the crypto asset’s volatility and market size. Go to Source Powered by WPeMatico
Following in Grayscale’s footsteps, new Bitcoin trust goes public in Canada
The investment firm said it had no plans to sell shares of its Bitcoin trust in the U.S. Go to Source Powered by WPeMatico
FBI arrests 24-year-old crypto trader for commodities and wire fraud
The trader was both lying to investors and using an unregistered derivatives strategy on BitMex. Go to Source Powered by WPeMatico
Overstock spins its blockchain subsidiary into crypto investment fund
Overstock’s subsidiary, Medici Ventures, will cease providing all previous services pending a full conversion into a limited partnership fund. Go to Source Powered by WPeMatico
Bitcoin made up 97% of total crypto inflows in 2021
Bitcoin trading volumes surged significantly this year, jumping from an average of $2 billion in 2020 to $12 billion. Go to Source Powered by WPeMatico
More institutional adoption as Marathon Patent Group purchases $150M in Bitcoin
CEO Merrick Okamoto said the crypto purchase would help make Marathon an appealing choice to investors seeking “exposure to this new asset class.” Go to Source Powered by WPeMatico