The altcoins including Ethereum (ETH), XRP and Binance coin (BNB) have also seen gains this week, contributing to the crypto market rebound.
Alistair Milne says that tomorrow making its Q1 earnings report Facebook will reveal that it holds Bitcoin on its books.
In its Q1 2021 results, Tesla stated that it has liquidated 10% of its total holdings in Bitcoin netting a positive income of $101 million. The company also revealed good delivery numbers while addressing issues with semiconductor and hardware supplies.
The new move by JPMorgan represents a turnaround for the investment bank as its CEO Jamie Dimon previously called Bitcoin a dangerous fraud.
eToro wants the Bitcoin Value Chain to consist of firms operating in the mining, semiconductor, payments, exchange, custodianship, and insurance spaces, as well as the asset itself.
From a technical point of view, Bitcoin price is still on the rising trend in the long term narrative.
Asian governments are pursuing precautions to combat evolving cryptocurrency scams in this modern crypto-oriented world.
The discount has resulted in heavy losses for some investors, but Grayscale is keen on offering the discount to attract more even traders.
Wright claims he has no intention to bully smaller websites, neither does he plan on limiting access to the whitepaper, but he wants to prevent developers and creators of similar assets like the Bitcoin Core to deceive the public that their asset is Bitcoin
As Bitcoin (BTC) and Ethereum (ETH) are classified as taxable assets by the US tax authorities, the proposed capital gains tax will also impact crypto investors who have held and earned returns on their digital currencies for a year now.
The market pull-back may also be linked to the possible cryptocurrency market crackdown caution that is probably scaring off some investors.
As interest in crypto increases, there is also a surge in online trading fueled by retail investors.
It is estimated that the Thodex exchange has shut down with between $2-10 billion of investors’ hard-earned money irretrievable.
On Earth day, Chris Larsen in a blog post argued why he thinks Bitcoin needs to reconsider Proof-of-Work when validating transactions. As the oldest and the world’s most dominant crypto asset, its core technology remains largely unchanged.
One of the funds launched by Huobi Asset Management is a private equity fund that will invest solely in cryptocurrency mining operations.