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The Bitcoin (BTC) reserves of exchanges are continuing to drop, which suggests retail investors and whales might be accumulating.According to data from CryptoQuant, all exchanges’ reserves dropped to 2.4 million BTC, which is equivalent to $25 billion. In contrast, in October 2019, exchanges had around 2.8 million BTC, currently worth $30 billion.Bitcoin reserves on all…

The U.S. has made a rod for its own back with lockdown, and institutional investors already know it, argues Mike Belshe. Coronavirus lockdowns will force people out of fiat currency and into gold and Bitcoin (BTC), the CEO of cryptocurrency asset manager BitGo has warned.In a series of tweets on Aug. 12, Mike Belshe strongly…

Newest version of Russian bill “On Digital Financial Assets” does not criminalize crypto usage, but there is one more bill that might. 980 Total views 17 Total shares A new version of Russia’s major draft bill on cryptocurrency regulation does not include criminal offence codes as lawmakers are expected to hold the bill's second reading…

The debt ceiling negotiations in the United States are keeping traders on the edge. JPMorgan Chase CEO Jamie Dimon recently told Bloomberg on May 11 that a possible sovereign default by the U.S. government could create panic in the stock markets, resulting in heightened volatility.The next big question troubling crypto investors is how will Bitcoin…

On the first day after the Merge, the decentralized finance (DeFi) community is settling into the seemingly uneventful transition of the Ethereum network from proof-of-work (PoW) to proof-of-stake (PoS). However, it has yet to be seen the benefits that hard forks will bring to PoW supporters.So far, the most important contending networks in favor of…

The cryptocurrency exchange also announced the addition of 22 cryptocurrencies as loanable and collateral assets on its Flexible Loan and VIP Loan services. 929 Total views 8 Total shares Crypto exchange Binance is adding 22 new loanable and collateral assets to its Flexible Loan and VIP Loan service, the exchange announced on Aug. 4.In its…

Some analysts say GBTC’s discount is narrowing because investors are pricing in the SEC’s approval on several pending spot Bitcoin ETF applications. 218 Total views 2 Total shares Grayscale’s Bitcoin investment vehicle, Grayscale Bitcoin Trust (GBTC) is trading at its lowest discount in nearly two years, as spot Bitcoin ETFs continue to inch toward potential

The company’s Crypto20 index fund registered 221% growth quarter-over-quarter. 1898 Total views 14 Total shares Cryptocurrency asset manager Invictus Capital saw significant growth in assets under management during the first quarter, highlighting the rapid uptake of digital assets among institutional investors. Assets under management surged by 50% to $112 million in the quarter ending March 31,…

The previous week has been tremendous for Bitcoin (BTC) investors as price broke the crucial barrier of $12,000, culminating in a surge from $11,300 to $13,300, a rally of $2,000 within a week. A new yearly high was printed, while the dollar has been showing weakness as well. Next to that, multiple listed companies came…