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“# Bears batter Bitcoin market sentiment as Bitfinex margin shorts surge 378% ” Bitcoin (BTC) bulls should brace for a potential onslaught from bears as the number of margined short positions on Bitfinex jumps by a little over 378%. Known to most by the ticker BTCUSD Shorts, the dataset records the number of bearish positions…
“# CoinShares lists physically-backed crypto ETPs on German exchange ” European digital asset manager CoinShares is expanding the reach of its physically-backed exchange-traded product (ETP) portfolio with a new listing in Germany. According to an announcement on Monday, CoinShares Physical Bitcoin (BTC), Ether (ETH), and Litecoin (LTC) ETPs have cross-listed on major German exchange Deutsche…
“# Crypto’s dark underbelly exposed in ransomware attack, U.S. senator says ” United States lawmakers have deliberated on the prospect of banning cryptocurrencies as a solution to the ransomware attacks that befell U.S. institutions in the past month, and opinions appear to be mixed. The largest fuel pipeline in America was brought to a halt…
“# BTC price doesn’t care about El Salvador? 5 things to watch in Bitcoin this week ” Bitcoin (BTC) begins another week below $40,000 but with two major new landmarks under its belt. After falling over continued FUD from China over the weekend, Bitcoin adoption has also seen an unexpected first — from El Salvador…
“# Chinese social media giant Weibo reportedly bans crypto-related accounts ” China’s crackdown on cryptocurrencies has reportedly spread to social media. Weibo, China’s Twitter-like microblogging service with over 530 million monthly active users, has reportedly suspended several popular Bitcoin (BTC) and crypto-related content creators on the platform. According to local reports, at least a dozen…
“# Broke MIT students miss 13,000% gain on free BTC after selling for food and shoes ” In October 2014, the Massachusetts Institute of Technology (MIT) launched the MIT Bitcoin Project, an initiative that sought to give away $500,000 worth of Bitcoin to its undergraduate students. Students were able to claim $100 worth of BTC…
“# London wealth manager cashes out $1B profit from $600M BTC buy in November ” Asset manager Ruffer has profited by more than $1 billion in profit from a $600 million Bitcoin investment it made during November 2020. Speaking to The Times, investment director at the London-based asset management firm, Hamish Baillie, revealed that Ruffer…
“# Two-fifths of Aussie millennials think crypto investments beat real estate ” Research has revealed that one in five Australians believe that crypto is the key to homeownership as confidence in traditional savings dwindles. The survey, conducted by cryptocurrency exchange Kraken, found that an increasing number of young Australians are becoming disheartened by traditional investment…
“# Hacktivist collective Anonymous takes aim at Elon Musk. Who cares? ” It’s the classic Anonymous modus operandi: a monologue worthy of a super villain, a perceived attack on an individual right or public good, some guy in a Guy Fawkes mask, and a whole lot of fizzbang-wowie video effects and voice distortion. But as…
“# Unsure about buying the dip? This key trading indicator makes it easier ” When an asset enters a bear phase and the headlines are negative, analysts project further downside, and the sentiment shifts from optimism to pure gloom and doom. This results in panic gripped traders dumping their positions near the bottom of the…