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“# Don’t expect large firms to follow Tesla’s Bitcoin move, JPMorgan says ” Strategists at JPMorgan Chase, one of the largest investment banks in the United States, believe that Tesla’s $1.5 billion Bitcoin (BTC) purchase will not necessarily trigger a ton of similar investments. A group of JPMorgan strategists led by Nikolaos Panigirtzoglou reportedly argued…
“# Bitcoin is a ‘masterpiece of monetary engineering’ Michael Saylor tells Austin Davis ” The financial and economic narratives surrounding Bitcoin (BTC) barely scratch the surface of what makes the digital asset so unique, according to Michael Saylor, CEO of MicroStrategy. In an exclusive interview with Austin Davis for Cointelegraph, Saylor calls Bitcoin “a masterpiece…
“# Bitcoin ignores Lindsay Lohan’s ‘To the moon’ tweet as BTC price dips 7.6% ” Bitcoin (BTC) lost almost 8% on Feb. 10 as the first significant correction after Monday’s price pump set in. BTC price wobbles at $48,000 Data from Cointelegraph Markets and TradingView tracked BTC/USD as it fell from local highs of $47,360…
“# Bitcoin core non-profit gets approved for tax exemption, perks for donors ” A new non-profit aiming to fund Bitcoin development education and research has been approved for special tax status, conferring benefits on donors. Brink, which launched in the fall, has been approved as a 503(c)(3) organization according to a Feb. 10 blog post….
“# Coincidence? Company stocks rise after they buy Bitcoin as a reserve ” It seems to be the season of giving, and Bitcoin is doing just that, at least for its institutional backers, such as MicroStrategy, Galaxy Digital, Square and Marathon Patent Group, which got in somewhat early on the BTC gravy train. In this…
“# Grayscale CEO: Firms race to buy Bitcoin as mood shifts from ‘why’ to ‘why not?’ ” Grayscale CEO Michael Sonnnenshein says institutional demand for Bitcoin (BTC) has only increased, moving into 2021, following a record-breaking year that saw Grayscale’s assets under management soar to new heights. Sonnenshein told CNBC’s Squawk Box on Feb. 10…
“# Bitcoin’s ‘Elon Musk pump’ rally to $48K was exclusively driven by whales ” The price of Bitcoin (BTC) rallied to above $48,000 on Feb. 9, and has been consolidating since. Analysts from Material Indicators found that whales were the primary driver of the rally. This is largely considered a bullish sign. The probability of…
“# Cryptocurrency market cap hits $1.4T and surpasses Google stock ” Cryptocurrency markets have hit a significant milestone shortly after Elon Musk’s Tesla officially announced their investment in Bitcoin (BTC). For the first time in history, the crypto market has surpassed Alphabet’s GOOG and GOOGL in terms of market capitalization. On Feb. 10, the total…
“# Too late for Tether ‘FUD’ as Bitcoin price poised to hit $63K, says trader filbfilb ” Bitcoin (BTC) will never be the same and it’s too late to use Tether (USDT) as an excuse to be bearish, Cointelegraph Markets analyst filbfilb says. In a series of tweets on Feb. 10, the popular analyst and…
“# Premier League football club enters VR partnership with crypto betting site ” Premier League football club Southampton FC has entered into a partnership with cryptocurrency betting website Sportsbet.io. The new venture will give Southampton fans the chance to take in the matchday experience during the COVID-19 lockdown via virtual reality headsets, while influencers will…