The Skybridge Capital founder mentioned the highly-anticipated Ethereum merge as a possible push for a crypto rebound.
Schiff added that the selloff in the crypto markets this year was a clear reflection of a massive “pump and dump”.
Despite severe headwinds in Q2 2022 such as the Bitcoin price crash, heat wave, and much more, the company reported better than expected $164 million in revenue.
The company said that the No.1 crypto is its clients’ primary subject of interest.
The world’s second-largest cryptocurrency Ethereum (ETH) has been on a strong move over the last month. In the last 30 days, ETH has gained more than 80% amid all the positive developments surrounding The Merge upgrade.
The billionaire investor also does not expect any mega bull runs in the crypto space this year due to the US Federal Reserve hiking interest rates.
Iris Energy expects to be operating at its full 80 megawatts capacity by the end of the year.
Marathon Digital saw a 51.8% drop to $24.9 million in revenues during Q2 2022.
A popular analyst has provided guidance for the price of Bitcoin owing to the recent BlackRock collaboration with Coinbase.
The futures open interest in Bitcoin and Ethereum for the month of August so far has already surpassed the futures open interest for the entire month of July.
As Elon Musk predicts inflation going down in upcoming months, here’s what it means for Bitcoin and crypto markets.
In 2017, the Treasury Department placed a $110 million fine on BTC-e for violating US anti-money laundering laws and a $12 million fee against Vinnik.
CME Group global head Tim McCourt said that there’s a growing demand for BTC and ETH derivative products in Europe and thus it makes sense to bring these products to its institutional clients.
Riot Blockchain reduced mining operations in Texas last month, as the state coped with surging energy demand amid a heatwave.
Catholics around the world still hold dissenting views on the use of cryptocurrencies.