February 2021 | Page 4 of 167 | Last Cryptocurrency News Feed

Institutions and miners accumulating through Bitcoin chop; whales uncertain

Bitcoin in, and Bitcoin out: major players are deploying different strategies as BTC consolidates well under $58,400 highs. 1613 Total views 8 Total shares After a violent price reversal last week that saw Bitcoin retreat from all-time highs, traders and analysts are now eyeing major players and investors to gauge BTC’s next move — and…

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Is Bitcoin at risk of another drop below $40K in a historically corrective March?

Bitcoin (BTC) has seen a corrective week as the price dropped from $58,000 to $44,000 in a matter of days. This dropdown caused a panic reaction across the markets as the euphoria was immediately halted.For instance, the Crypto Fear and Greed Index plunged to monthly lows of 56 after being above 90, or "extreme greed"…

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CoinShares Launches a $75 Million Physically-Backed Ethereum (ETH) ETP

A month after launching a Bitcoin ETP on Switzerland’s SIX Exchange, CoinShares has released a physically-backed exchange-traded product following the performance of the second-largest cryptocurrency – Ethereum. Describing itself as “Europe’s largest digital asset investment house,” CoinShares is a cryptocurrency-oriented manager with over $4 billion in AUM. The company, headquartered in London, announced the launch…

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Moving beyond the crisis narrative: Crypto in a post-pandemic world

Everyone knows the story. When the first block of Bitcoin (BTC) was mined, the protocol itself entered a world of grave economic uncertainty. Not long before the market would hit its lowest point of the 2009 recession, Bitcoin was quietly created, dropped like a life raft alongside a then-sinking economy. The now infamous phrase “Chancellor…

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While Washington dithers, Wyoming and other US states mine for crypto gold

The United States is divided politically these days into red states and blue states, and increasingly, it seems to be fracturing into cryptocurrency-friendly and crypto-wary locales, too. On Feb. 21, it was revealed that San Francisco-based Ripple Labs had registered as a Wyoming business. Wyoming is arguably the most blockchain and cryptocurrency-welcoming state in the…

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Report: Bitcoin Whales Sold At Least 140,000 BTC in February as Price Suffers

Following weeks of accumulating substantial quantities of BTC, Bitcoin whales seem to have reversed the trend by disposing of some of their holdings in the past several days. Interestingly, this coincided with the massive market crash, which raises the question if whales are responsible for BTC’s decreasing price. Bitcoin Whale Spawning Season Over? The primary…

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What DeFi needs to do next to keep institutional players interested

The last few months’ frenzy of institutional money flowing into Bitcoin (BTC) has seen crypto hitting the headlines — at the least as a novelty asset, at the most as a must-have. There is undoubtedly a trend in the market toward greater awareness and acceptance of digital assets as a new investable asset class.A June…

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Grayscale’s Bitcoin premium has dropped to record lows below zero

Grayscale Investments’ GBTC might be the absolute market leader but it is currently trading below fair value as the TSX Purpose Bitcoin ETF is seeing record inflows. 1381 Total views 7 Total shares Grayscale Bitcoin Trust ($GBTC) is currently the largest listed cryptocurrency asset with $30.17 billion in assets under management. The firm currently holds…

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Kraken to Double its Valuation to $10 Billion via Funding Round

The veteran US-based cryptocurrency exchange Kraken is reportedly in talks to raise more than $5 billion and double its valuation to over $10 billion. Some of the giant names potentially participating in the latest funding round include Fidelity, General Atlantic, and Tribe Capital. Kraken to Increase its Valuation to $10B? Based in San Francisco, California,…

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Weekend Recovery: Bitcoin Rebounds $3K After Hitting 16-Day Low, ETH Eyes $1,500

Following more adverse developments in which BTC dipped to $44,000 as of yesterday, the asset has reclaimed some ground by overtaking the $47,000 mark. Most altcoins have also taken a breather after the latest beating, with Cardano and Polkadot exploding with double-digit percentages. Bitcoin Recovers $3K After Hitting 2.5-Week Low The working week didn’t go…