Bitcoin Beach co-founder claims Bitcoiners want to move families to El Salvador
The Bitcoin-friendly area of El Salvador has attracted many visitors using crypto, but are people considering moving themselves and their children abroad?
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One of Switzerland’s leading banks now offers crypto trading
Bordier & Cie partners with digital asset bank Sygnum to offer crypto trading to clients. 3002 Total views 14 Total shares Bordier & Cie, a Swiss financial institution operating for more than 170 years, has announced a partnership with digital asset bank Sygnum to allow its customers to purchase crypto assets. The integration with Sygnum’s…
BitTorrent soars 30% to new all-time high, $5B market cap: What’s behind the rally?
The price of BTT, the native token of BitTorrent, hit a new all-time high to reach a $5.2 billion valuation. 5813 Total views 30 Total shares BitTorrent (BTT), the native token of the popular peer-to-peer file-sharing protocol BitTorrent, has surged nearly 30% in the past 24 hours.The rally took the valuation of BTT to over…
Institutional managers hold a record $72.3B of crypto — CoinShares
Bitcoin and the broader cryptocurrency market are bullish again; institutional investors have increased their allocation accordingly. 552 Total views 32 Total shares Institutional inflows into cryptocurrency products rose last week, as investment managers increased their exposure to Bitcoin (BTC) and leading altcoins, according to the latest CoinShares report. Total assets held by institutional managers reached $72.3…
Are we dumb? Financial illiterates ‘twice as likely to own crypto’
A report from Canada’s central bank shows that while most Canadians are knowledgeable about basic finance and Bitcoin, few actually hold any crypto assets.According to the results of Bank of Canada’s 2019 Cash Alternative Survey published in August 2020, financial literacy is positively associated with the awareness of cryptocurrencies but negatively associated with ownership. The…
Sam Bankman-Fried’s holding company files for bankruptcy
Emergent Fidelity Technologies filed for Chapter 11 in U.S. Bankruptcy Court for the District of Delaware to pursue a “form of joint administration” between its case and FTX's. 400 Total views 52 Total shares Own this piece of history Collect this article as an NFTEmergent Fidelity Technologies, a Sam Bankman-Fried holding company based in Antigua…
Bitcoin network turns 13, celebrates with new hash rate all-time high
The Bitcoin network underwent a six-month-long rally to attain a new all-time high hash rate of 207.53 million tera hashes per second (TH/s) on Saturday. 1083 Total views 7 Total shares Today marks the 13th year since Bitcoin (BTC) creator Satoshi Nakamoto mined the genesis block or block 0 of the Bitcoin network, and for…
Are real world assets set to take market share?
The blockchain has seen many narratives over the years. Some of these have turned into actual use cases and continued with strength. But there is a new kid on the block, and they go by the name of real world assets (RWAs). What are RWAs? In simple terms, RWAs are tangible assets from the physical
Hawkish Fed comments and Bitcoin derivatives data point to further BTC downside
A $750 pump on Aug. 26 took Bitcoin (BTC) from $21,120 to $21,870 in less than two hours. However, the movement was completely erased after comments from U.S. Federal Reserve Chair Jerome Powell reiterated the bank’s commitment to contain inflation by tightening the economy. Following Powell’s speech, BTC price dropped as low as $20,700. Bitcoin/USD 30-min…