July 2021 | Page 5 of 135 | Last Cryptocurrency News Feed

MicroStrategy to Buy More Bitcoin Despite Q2 Impairment Loss

The NASDAQ-listed software giant MicroStrategy has seen a total impairment loss of nearly $700 million in Q2 2021 from its massive bitcoin investments. As this is only on paper, though, the company pledged to double down on its BTC strategy and continue to accumulate more. MicroStrategy’s Q2 BTC Impairment Loss Michael Saylor’s brainchild has become…

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One Of Germany’s Largest Asset Managers ‘Considering’ Bitcoin Investment

Dekabank is reportedly considering investing in Bitcoin after a new law takes effect Monday, though it says "no decision has been made yet."Dekabank, one of Germany’ largest asset managers, is considering investing in Bitcoin, a spokesman for the firm told Bloomberg today. The news comes in advance of a new German law taking effect Monday…

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$25B investment firm adds ‘riskier’ Grayscale GBTC and ETHE for clients

Wealthfront users will now be able to have up to 10% of their portfolios composed of the Grayscale Bitcoin and Ethereum Trusts. 167 Total views 72 Total shares Bitcoin (BTC) and Ether (ETH) exposure has come to one of the world's biggest automated investment firms.In a blog post on July 29, Wealthfront, which has $25…

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Crypto Price Analysis & Overview July 30th: Bitcoin, Ethereum, Ripple, Binance Coin, and Solana

Bitcoin Bitcoin saw an impressive 20% price hike this week as it reached the $40K resistance level. The cryptocurrency penetrated above a descending wedge formation last Thursday and continued above the 20-day MA level last Friday. Since breaking the wedge, BTC surged higher inside an ascending price channel as it broke the 50-day MA level…

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Local-Top Indicators Flash for Bitcoin: 3rd Biggest Whale Sent 3,000 BTC to Coinbase

BTC’s recent 9 daily candle streak to the upside has been very impressive. We have been tracking the third-largest BTC whale wallet and found interesting activity and signals. The whale entity, at one point, held over 116,841 BTC. Its current total BTC holdings stand at 113,841. The recent sales from this address since April 2021…

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Ukraine central bank now officially allowed to issue digital currency

Ukraine’s newly-signed law titled “On Payment Services” requires close cooperation between the National Bank of Ukraine and private startups in the payment market. 222 Total views 2 Total shares The Ukrainian government is moving forward with its central bank digital currency (CBDC) plans, as the National Bank of Ukraine (NBU) is now officially authorized to…

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Large Pockets Are Aggressively Accumulating Bitcoin

On-chain data shows that large-pocketed investors have begun to aggressively accumulate bitcoin.The below is a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.Big Money Making MovesOn-chain data has started to show…

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Bitcoin Miners Consider Relocating to Paraguay In Wake of China Ban

As many as eight China-based Bitcoin mining firms are said to be looking to relocate operations to Paraguay, home to abundant hydroelectric energy.As many as eight China-based Bitcoin mining firms are said to be looking to relocate operations to Paraguay in the wake of the country’s crackdown on its domestic industry. Estimates suggest this migration…

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A trade war misstep? China is vacating crypto battlefield to US banks

At the same time that China has declared war on cryptocurrencies, giant American banks appear to be embracing crypto — evident the final week of July with the news that crypto firm Lukka will provide State Street Bank’s private fund’s clients with digital and crypto asset fund administration services. This follows forays into the crypto…

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Bitcoin accumulation accelerates among ‘whales’ and ‘fish’ with BTC rallying to $40K

Both small and rich Bitcoin (BTC) traders accumulated the benchmark cryptocurrency en masse during the period its prices rose from below $30,000 to over $40,000, signaling their confidence in the asset's long-term bullish setup.The basis of the upside outlook came from Ecoinometrics, a crypto-focused newsletter service. It highlighted in its latest edition a flurry of…