Michael Burry is termed as “the biggest short” for successfully profiteering from short-selling house markets during the 2008 financial crisis, except that he is not shorting Bitcoin for now because he thinks it is a sham. He took to Twitter on Friday claiming that the huge volatility in the market […]

Multiple reports corroborate that the SEC could approve a Bitcoin Futures Exchange-Traded Fund next week and the regulator is reportedly no longer opposed to these products. These reports – of course among other factors, are currently breeding huge positive price changes for Bitcoin. They are solidifying the claims by the […]

In a recent interview, Jurrien Timmer, Director of Global Macro at Fidelity Investments, talked about Bitcoin’s growth. Lats Wednesday (October 13), Timmer said during an interview with CNBC’s “Squawk on the Street” that Bitcoin is not a bubble and he could see the Bitcoin price reaching $100K by 2023. As […]

Miami’s mayor is going ahead with his plans to pay the city’s employees in Bitcoin. The city will put out a formal request for the proposal as it seeks to cement its place as the cryptocurrency capital of the world. The mayor is one of cryptocurrency’s most vocal enthusiasts and […]

Tesla has notched impressive gains of over $1 billion from its investment in Bitcoin. The automobile manufacturer purchased $1.5 billion worth of Bitcoins early this year that put it as one of the largest asset holders. Elon Musk, the firm’s CEO had cast aspersions over the environmental impact of Bitcoin […]

American billionaire Barry Sternlicht is the latest to join the cryptocurrency bandwagon. Sternlicht Sees Crypto As Hedge Against Inflation In a recent interview with CNBC, Starwood Capital Group Co-founder Barry Sternlicht dubbed bitcoin (BTC) as a financial tool that can help against the mass printing of fiat currencies. Sternlicht said […]

Spain’s apex bank criticizes El Salvador’s method of adopting bitcoin as legal tender. It cites the lack of transparency as a major flaw in the process which could prove fatal to the cause. El Salvador has been hit with a slew of criticisms but has managed to notch its list […]

Here is a snapshot of the global markets across stocks, currencies, commodities, bonds and cryptocurrencies. Asian stocks finished mixed on Wednesday. Europe stocks are mostly advancing further. U.S. stock futures too are in mildly positive territory ahead of release of the U.S.CPI numbers and FOMC minutes on Wednesday. Bond yields […]

According to the September edition of Bloomberg Galaxy Crypto Indices (BGCI), there is a very high chance that Ethereum could soon become the top cryptocurrency, unseating Bitcoin. The report highlights that Ethereum is leading the DeFi revolution as well as playing a key role in making the dollar the “primary […]

For some time now, market sentiment towards Bitcoin has been that Bitcoin is now well established as an inflation hedge. Staunch Bitcoin proponents and also market observers in the traditional finance sector alike seem to agree that Bitcoin has achieved a status of digital gold. Albeit, it would appear that […]