Was Warren Buffett right? 5 Things to know in Bitcoin this week

For years, institutional investors have been watching Bitcoin from afar with bewilderment and amusement, but with little to no participation. Although they were attracted by the high returns, they were scared away by Bitcoin’s infancy, lack of rules and the myriad headlines warning of hacks, bankruptcies and scams. In its early years, Bitcoin (BTC) lacked…

CME customers would rather trade cash-backed Bitcoin products at present. 863 Total views 32 Total shares Chicago Mercantile Exchange's, or CME, global head of equity index and alternative investment products, Tim McCourt, said traders prefer cash-settled Bitcoin trading over products backed by physical Bitcoin (BTC). "So far, clients have expressed a clear preference and priority for…

Twitter’s plans to roll out a payment platform took a major step forward this week as its subsidiary, Twitter Payments, received its first money transmitter licenses in the United States states of Michigan, New Hampshire and Missouri. The company — reportedly building a solution with crypto in mind — is seeking to provide transfer services in…

GameStop has reportedly hired 20 members for its new NFT division, and is close to securing partnerships with two crypto firms for NFT game development. 68 Total views 2 Total shares The share price of Reddit's cult-favorite stock GameStop Corporation (GME) jumped by one quarter (in after-hours trading following a Wall Street Journal report on…

Bitcoin (BTC) is heading for its worst January performance in four years — could all not be what it seems?Data from on-chain analytics resource Coinglass shows January 2022 to be the least profitable since the peak of Bitcoin’s last halving cycle. Investors, however, are still waiting for a “blow-off top.”Will Bitcoin see a rare “red” February?Against practically…

We’ll have three crypto music entrepreneurs on hand to discuss the future of the industry. What are you doing Friday afternoon?Cointelegraph is hosting the latest edition of its Cointelegraph Talks series this Friday, August 28, at 3 PM Eastern / 12 PM Pacific on our YouTube channel. We’ll have three entrepreneurs active at the intersection of…

Accounting advisor CPA.com and cryptocurrency accounting automation startup Lukka partnered to jointly launch a crypto asset tax preparation tool.CPA.com announced the partnership with Lukka in a press release published on Dec. 9. Per the release, the “LukkaTax for Professionals” crypto asset preparation tool for accountants aims to address issues currently faced by companies in the…

1. Remind me: What is a stablecoin? A stablecoin is a type of cryptocurrency that often has its value pegged to another asset, such as fiat currency, precious metals or other types of crypto. With major digital currencies like Bitcoin (BTC) experiencing sudden price jumps — sometimes in a matter of seconds — skeptics argue…

Bitcoin (BTC) and most major altcoins witnessed a sharp sell-off on Aug. 19, but there does not seem to be a specific trigger for the sudden drop. The sharp fall resulted in liquidations of more than $551 million in the past 24 hours, according to data from Coinglass.Barring a V-shaped bottom, other formations generally take…