Category Archives: Bitcoin (BTC)

Jürgen Schaaf, advisor to the Senior Management of the Market Infrastructure and payments business area of the ECB, has suggested that Bitcoin, the leading cryptocurrency by market cap, should be eliminated.  “There are compelling reasons to advocate for policies that curb Bitcoin’s growth or even eliminate it,” he said in a recent social media post. He […]

An anonymous Bitcoin (BTC) whale from the Satoshi era has awoken after 13.4 years of dormancy and made its first transaction, according to a report by Whale Alert. The wallet with the address “1FoicoWy” has been inactive since 17 June 2011, when it received a 20 BTC portion of a 1,033.96 BTC transfer between two anonymous […]

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Bitcoin and XRP are two popular cryptocurrencies that have become some of the main highlights of CoinShares’ latest weekly report on outflows and inflows into cryptocurrency-focused investment products.  According to the data, crypto investment products saw $2.2 billion in inflows over the past seven days, the highest since July. Interestingly, the inflows are only seen regionally […]

BTIG, a global provider of investment banking and research services, has hiked its price target for Virginia-based business intelligence firm MicroStrategy (MSTR) to $240. This marks a dramatic increase from its previous price target of $180. According to BTIG, the implied Bitcoin premium within MicroStrategy’s valuation is nearing a record peak. The company’s market cap […]

Pete Rizzo, a prominent Bitcoin historian, has noted that it has been exactly 13 years since The Economist, one of the most famous business media outlets, wrote off the cryptocurrency in its infamous article.  The article, which was published on Oct. 21, 2011, claimed that Bitcoin was “in trouble” after it plummeted below $3 from […]

During a recent event in Wisconsin, Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, stated that crypto is used for “very few” transactions.  “People are buying and selling crypto, but they are not paying for goods and services. It almost never happens, unless people are buying drugs or other illegal activities,” Kashkari […]

According to blockchain data firm Arkham Intelligence, an ancient Bitcoin whale has sold a total of $9.7 million worth of Bitcoin.  The whale started mining Bitcoin shortly after the creation of the genesis block, the very first block on the blockchain.  Even after the significant selling spree, the whale still has a total of $72 […]

BlackRock’s iShares Bitcoin Trust (IBIT) recorded a total of $329 million worth of inflows on Oct. 21.     As noted by Nate Geraci, co-founder of The ETF Institute, the massively successful product has now taken in $1.5 billion worth of Bitcoin just over the past six trading days.  That $1.5 billion alone would make IBIT one […]

Exactly six years ago, Tesla CEO Elon Musk asked his 23 million followers whether they would want to buy some Bitcoin.  The question was accompanied by a picture of an anime-style character in a Bitcoin-branded dress.  Back then, Musk’s Twitter account was temporarily locked due to some speculation about whether or not the billionaire actually […]