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“# Ethereum fails to break out vs. Bitcoin as Treasury yields soar — Will ETH relief rally? ” Ether (ETH), the native cryptocurrency of Ethereum, has failed to break out once more against Bitcoin (BTC) with BTC/USD rallying by more than 8% on March 18. There are two likely reasons why the ETH/BTC pair is failing…
“# Bitcoin ‘better than gold’ if you study it, fund manager tells mainstream media ” Bitcoin (BTC) is superior to gold if investors take the time to study it, says hedge fund manager Anthony Scaramucci. In an interview with CNBC on March 18, Scaramucci, who is CEO of SkyBridge Capital, reinforced his belief in Bitcoin…
“# Bitcoin can be sent with a tweet as Bottlepay Twitter app goes live ” Twitter users can now send Bitcoin (BTC) with a single tweet, after digital payments app Bottlepay launched its integrated Bitcoin social media feature. Transactions between Twitter users can now apparently take place using the simple tweet template “@bottlepay send 1,000…
“# Fireblocks crypto startup raises $133M in funding round with BNY Mellon ” According to a March 18 report by the Wall Street Journal, cryptocurrency startup Fireblocks has raised $133 million in a Series C funding round featuring BNY Mellon as well as hedge-fund firm Coatue Management, venture-capital firm Ribbit Capital, and Stripes. BNY Mellon’s…
“# SEC has 45 days to respond to VanEck Bitcoin ETF filing ” The United States Securities and Exchange Commission now has 45 days to deliver an initial decision on the VanEck Bitcoin (BTC) exchange-traded fund filing having officially published the company’s submission on its website on March 15. Now, the SEC has to approve,…
“# Bitcoin worth the risk for stimulus check recipients despite pressing needs: poll ” Most Americans who expect to receive the next round of relief bill stimulus checks will use the money to buy necessities and pay off debts, but some are still willing to invest in cryptocurrencies like Bitcoin (BTC), a new poll reveals….
“# Pakistani province to pilot crypto mining farms ” The Pakistani province of Khyber Pakhtunkhwa, or KP, has formed a federal committee to create a new cryptocurrency policy including government-backed crypto mining. As part of the new policy, the KP Crypto Advisory Committee has already decided to pilot two hydroelectric-powered crypto mining farms, a minister…
“# ‘Deflationary’ Eth2 could flip Bitcoin: Messari analyst ” Ryan Watkins, a senior research analyst at crypto analysis firm Messari, has speculated that Ethereum could overtake Bitcoin as the largest crypto asset once its Eth2 and Proof-of-Stake overhaul is complete. Appearing on Youtube show ‘FinTech Today’ on March 18, Watkins noted that while he does…
“# Bank of America analyst slams Bitcoin : Buying 1 BTC is ‘like owning 60 cars’ ” Bank of America analyst Francisco Blanch has slammed Bitcoin as “exceptionally volatile”, “impractical” and an environmentally disastrous asset that’s useless as a store of wealth or an inflation hedge. For good measure Blanch also asserted the cryptocurrency is…
“# $60K Bitcoin price back in sight after Morgan Stanley and Fed announcements ” Optimism returned across the cryptocurrency market on March 17 following a brighter economic forecast from the U.S. Federal Reserve and comments which hinted at the possibility of an interest rate hike in 2022 if employment and economic indicators continue to improve. Data…