When GBTC began experiencing discounts of over 20% in October 2021, it filed for a formal application with the US SEC for a possible conversion of the product.
The world’s largest cryptocurrency Bitcoin has been through intense periods of volatility. But based on the historical charts, analysts remain hopeful that BTC price rally to $100K could be coming in 2022.
Jay Clayton has a very positive disposition to Bitcoin (BTC) and Ethereum (ETH), both of which were classified as commodities by the SEC and the status was never challenged under his tenure.
Jack Dorsey and Jay-Z have pledged to give the four-member team complete autonomy to decide on the operational direction of the Bitcoin Blind Trust.
Bitcoin and the broader crypto market bounce back with the Fed keeping the interest rates unchanged. Bitcoin is currently eyeing a move above $50,000.
One of the good things about Cobidex is that it supports perpetual market trading. Perpetual contracts are on the rise since they provide an added advantage over crypto futures contracts.
NYDIG has gained major market traction by offering crypto services to institutional players. It specializes in a wide range of Bitcoin financial services such as trading brokerages, savings account, 401 (k), etc.
According to a study conducted by lending firm BlockFi, many Americans are willing to accept crypto assets such as Bitcoin, Ethereum, and Dogecoin during this festive period.
Payroll services provider Deel says contractors now have the option of choosing to receive salary payments in USDC and Solana.
As the Federal Reserve starts tapering the stimulus release, the equity and stock market have come under significant pressure. Here’s what market analysts have to say about the Bitcoin price action going ahead.
It has taken Bitcoin just 12 years to reach 90% of its total hard cap. However, it will take another 119 years for the remaining 10% of the Bitcoin supply to be achieved.
The Bitcoin hashrate has reached highs just before the China ban and the market crash. This happens as miners moved in large numbers setting up new bases in North America.
The price of Bitcoin is still trading low with bears warning about possible losses and Bitcoin’s speculative nature. Regardless, bulls are optimistic.
The company also announced stock splits between two of its cryptocurrency indices: the WisdomTree US Total Dividend Fund (DTD) and the WisdomTree U.S LargeCap Dividend Fund (DLN).
Since last August when MicroStrategy made its first-ever Bitcoin purchase, the firm, under Michael Saylor’s leadership has not relented in topping its bag.