Bitcoin

Norwegian Financial Regulator Cautions About Bitcoin Investing as Price Tumbles

June 24th, 2021

The Financial Supervisory Authority of Norway (Finanstilsynet) has cautioned investors about investing in cryptocurrencies as the price of bitcoin plunged Tuesday. “There is a strong need for a legal framework and investor protection if cryptocurrency is to be able to become a suitable form of investment for consumers,” the regulator’s consumer coordinator wrote. Norway’s Financial…

Waste Coal-Converting Bitcoin Miner Stronghold Digital Mining Raises $100 Million

June 23rd, 2021

On Tuesday, Stronghold Digital Mining, Inc., an ESG-friendly cryptocurrency miner announced it has raised $105 million in two private equity securities funding rounds. Stronghold’s operations convert waste coal into alternative energy in order to mine bitcoin and other cryptocurrencies. ESG-Friendly Crypto Miner Turns Coal Waste to Bitcoin, Operation Raises $100M While many have been focused…

Stock-to-Flow Creator Lays out Bitcoin’s ‘Worst Case Scenario for 2021’

June 21st, 2021

The pseudonymous creator of the popular stock-to-flow (S2F) bitcoin price model, Plan B, has published his “worst-case scenario for 2021” predictions on social media on Sunday. The analyst says there’s also a “more fundamental reason” to why bitcoin prices have been dropping in June and how the month of July may see “weakness” as well….

Goldman Sachs Becomes First Major US Bank to Trade Bitcoin Futures

June 18th, 2021

As reporter by CNBC sources Goldman Sachs has started trading Bitcoin Futures in partnership with Mike Novogratz’s Galaxy Digital. The news is big as it opens doors to Bitcoin trading for major banking clients like hedge funds, pensions, family businesses, etc. How Will it Boost Institutional Adoption? Banking support is very crucial for Bitcoin’s adoption…

Bitcoin Mining Company Bitfarms to Commence Trading on Nasdaq Next Week

June 18th, 2021

The mining company Bitfarms has revealed the firm will commence trading on Nasdaq Global Select Market starting on June 21. The firm claims to process 1% of the global hash rate and with “99% green hydroelectricity.” Bitfarms Renewable Operations to List on Nasdaq Global Select Market The Canadian bitcoin mining firm Bitfarms announced on Thursday…

Camarasal Poll Shows Entrepreneurs Are Worried About Bitcoin Law in El Salvador

June 18th, 2021

Camarasal, a well-known entrepreneur association in El Salvador, announced the results of a poll made this month. The poll shows almost 100% of Salvadorans worry about the implementation of the bitcoin tender law approved recently. Most criticize the obligatory character of receiving bitcoin payments and don’t expect this move to bring investment to the country….

Genesis Digital Assets Purchases 10,000 Bitcoin Miners from Canaan

June 17th, 2021

The Beijing-based ASIC mining rig manufacturer Canaan announced the sale of 10,000 bitcoin mining machines to the firm Genesis Digital Assets Limited. Canaan plans to deliver the 10,000 A1246 and A1166 Pro Avalonminers by the end of the month. Canaan to Deliver 10,000 Bitcoin Miners to Genesis Digital Assets The company Canaan (Nasdaq: CAN) has…

Hedge Funds Aim for $300 Billion in Crypto Assets Within 5 Years, Survey Shows

June 16th, 2021

Hedge funds are likely to significantly increase their crypto holdings, a global poll of chief financial officers has indicated. According to an average figure based on their forecasts, the funds will keep more than 7% of assets in cryptocurrency within the next five years. Hedge Fund CFOs Expect Sizable Increase in Crypto Investments The survey,…

SEC Leaves Bitcoin out of 2021 Regulatory Agenda, Will Bitcoin ETF Take a Backseat?

June 15th, 2021

The US Securities and Exchange Commission (SEC) seems to have no plans of regulating Bitcoin and the crypto market this year. The 2021 Regulatory Agenda released by the top regulatory body has left out any mention of Bitcoin or crypto assets. A change in administration along with the growing adoption of Bitcoin this year gave…

Europe Raises 20 Unicorns This Year Including Crypto Companies

June 15th, 2021

Twice as many European startups have achieved unicorn status in 2021 compared to last year. Despite the negative effects of the ongoing Covid crisis, young companies on the Old Continent, including several crypto unicorns, have managed to attract a record high amount of VC capital. European Unicorns Collect €32.5 Billion in 2021 This year alone,…