Square announced an additional Bitcoin (BTC) purchase of $170 million buying the dips after BTC price crashed sub $46K levels on Tuesday in a marketwide correction.
On Tuesday, Bitcoin price collapsed over 15% leading to the first sharp price correction this year in 2021. However, this happens after Bitcoin surged over 90% year-to-date hitting its new all-time high above $58,300.
According to Michael Saylor, anyone with access to a mobile phone can save in Bitcoin regardless of what part of the world they live in.
Saying that DeFi promises democratization, open access, transparency, predictability, and systemic resilience, Peirce mentioned the risks related to the industry. They include security vulnerabilities, scaling problems, and faux decentralization.
Before Gates changed his view on Bitcoin from “negative” to “neutral,” the billionaire had criticized crypto anonymity. He referred to cryptocurrency as “a rare technology that has caused deaths in a fairly direct way.”
The best moment to buy or accumulate any digital asset is when the prices are low, and this may be a perfect time for corporate investors to follow Tesla’s Bitcoin investment move and get on the train.
The bank’s chief also mentioned that the apex bank was making considerable progress with its central bank digital currency (CBDC) project.
The market is getting heated this week with 61.3K BTC options set to expire on Friday. This factor suggests something big is brewing with BTC price.
Though Fireblocks and BNY have refused to comment on the new partnership, sources revealed that Fireblocks and BNY Mellon have been working together for a long time.
Before now, strategists at JPMorgan compared Bitcoin with gold, viewing BTC as a new digital store for it.
Yellen’s comments questioning Bitcoin price stability and volatility came just at a time when Bitcoin (BTC) was under heavy selling pressure and further declining 16% from its all-time high in a very short time.
The DeFi Index token consists of wrapped assets – the company’s gold token DGLD (wDGLD), Bitcoin (wBTC), and Ethereum (wETH).
Many analysts believe the risk coming in for Bitcoin raises a caution to investors.
According to reports, the current parliamentary session in India will see a new bill passed to order the ban on the use of all private cryptocurrencies.
Crypto tax regimes have generally drawn criticism from South Korean crypto enthusiasts who believe the imposed taxes are heavier on cryptocurrency trading when compared with stock investment.