This country is revitalizing Bitcoin’s primary functionality

While Altcoins are struggling to improve by a buck, Bitcoin registered its new 2020 high recently. Leading a serious sense of awakening in the space, the developments elsewhere have been instrumental The post This country is revitalizing Bitcoin’s primary functionality appeared first on AMBCrypto.

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What's driving the Bitcoin price?

As the bitcoin price hits levels not seen since January 2018, an analysis of three primary price drivers reveals all three are long term macro trends - supporting the narrative of a sustainable upward trend

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One of Asia’s Largest Banks, DBS, Launches Fiat-to-Crypto Exchange; Opens with BTC, BCH, ETH, & XRP

2020 is all about cryptocurrencies as the tide turns. The latest one to jump on the digital currency bandwagon is the largest retail and commercial bank of Singapore, DBS. The bank has soft-launched its cryptocurrency and fiat trading exchange with Bitcoin (BTC), Ethereum (ETH), XRP, and Bitcoin Cash (BCH) as the primary listed crypto assets.

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London Stock Exchange-Listed Company Allocates 10% Of Its Cash Reserves To Bitcoin As Its Primary Treasury Reserve Asset

A growing number of institutional investors and traditional companies are holding the flagship cryptocurrency as a treasury reserve asset amid an economic downturn due to the pandemic. The latest company to jump on the bitcoin bandwagon is a fintech firm listed on the London Stock Exchange, Mode Global Holdings. However, Mode has not revealed the […]

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A $10B Firm Makes Bitcoin Its Primary Treasury Asset

Stone Ridge Holdings Group announces $50 million in new funding for its digital asset subsidiary as well as significant BTC treasury holdings.

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Institutional Asset Manager, Stone Ridge, Buys 10,000 ($115M) Bitcoin as its Treasury Reserve Asset

The $10 billion institutional asset manager has bought 10k BTC worth $115 million as its “primary treasury reserve asset. ” Publicly-traded MicroStrategy first started the narrative (twice), then last week, Jack Dorsey’s Square bought $50 million Bitcoin, representing 1% of company assets.

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Stone Ridge Calls Its $114M in Bitcoin ‘Primary Treasury Reserve Asset’; NYDIG Unit Raises $50M

NYDIG raised the $50 million from FinTech Collective, Bessemer Ventures and Ribbit Capital.

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The Many Reasons British Politician Godfrey Bloom Is Buying His First Bitcoin

This week, former British politician, author, and more, Godfrey Bloom revealed his plan to buy his first Bitcoin. But why? Here are the three primary reasons that the former parliament member would consider investing in the leading cryptocurrency by market cap.

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Bitcoin retail traders have a lot to lose if this happens

MicroStrategy’s $500M investment in Bitcoin, now its primary asset reserve, has consistently made the headlines for over a week. Significantly, this move was viewed as an indicator of institutional The post Bitcoin retail traders have a lot to lose if this happens appeared first on AMBCrypto.

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Bitcoin’s Fixed Supply Makes The Primary Beneficiary In Times Of High Fiat Inflation- Bloomberg’s Strategist

Bitcoin’s YTD performance of 45.95% in 2020 is impressive despite high volatility and underperformance in comparison to other digital assets like Ethereum and DeFi tokens. However, as the most dominant coin in the crypto market, Bitcoin serves as the point of reference for analysts’ evaluation of the crypto market vs. the traditional market. In a […]

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Bloomberg: Bitcoin “Should Be A Primary Beneficiary” Post Pandemic

“Bitcoin is the answer” is a phrase that’s thrown around regularly both in a serious and comical manner all across the crypto community. But in a future where there is limited potential upside in equities and bonds, the cryptocurrency could very well be the solution to further wealth accumulation.

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MicroStrategy CEO embraces Bitcoin maximalism

Company bought roughly 17,000 bitcoins as the company makes it its primary reserve currency...

The post MicroStrategy CEO embraces Bitcoin maximalism appeared first on Coin Journal.

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2020's Big Bitcoin Long - A winning formula?

MicroStrategy made a huge splash when it chose Bitcoin as its Primary Treasury Reserve Asset, a move, the implications of which, are yet to sink in among many in the crypto-community. In fact, MicroStThe post 2020's Big Bitcoin Long - A winning formula? appeared first on AMBCrypto.

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Bullish Case For Bitcoin: Profit Taking Turns Into Buying The Blood

Bitcoin price recently saw a $2,000 correction after months straight of surging. At the start of the selloff, signs pointed to profit-taking as the primary reason for the pullback. However, after greed turned to fear, big-money investors have begun buying the blood right out from under investors who are panic-selling the cryptocurrency at a loss. […]

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MicroStrategy Board makes Bitcoin its primary reserve currency, may increase its holdings beyond $250M

MicroStrategy has outperformed the Nasdaq since buying BTC. Now, it's doubling down.

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Bitcoin HODLer Cynthia Lummis Wins Senate Primary in Wyoming

Former Rep. Cynthia Lummis (R-Wyo. ) has won the first round of the US Senate race. On Tuesday, she won her state's Senate GOP primary and is now one step closer to replacing retiring Sen. Mike Enzi (R).

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Pro-Bitcoin Senate Candidate Wins Primary Race in Wyoming

Cynthia Lummis, a former U.S. Representative and current bitcoin advocate, has won her primary race to join the U.S. Senate representing Wyoming.

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MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset

MicroStrategy Incorporated , the largest independent publicly-traded business intelligence company, today announced that it has purchased 21,454 bitcoins at an aggregate purchase price of $250...

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MicroStrategy Purchases 21,454 BTC and Makes Bitcoin Its Primary Treasury Reserve Asset

Coinspeaker MicroStrategy Purchases 21,454 BTC and Makes Bitcoin Its Primary Treasury Reserve AssetAs a result of the announcement by MicroStrategy about purchasing BTC, the company's shares jumped 9.

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Billion Dollar Public Company Microstrategy Moves $250 Million Into BTC, Says Bitcoin ‘Superior to Cash’

Nasdaq-listed company Microstrategy Inc. is bullish on bitcoin, saying that it is a “dependable store of value” that is “superior to cash. ” The billion-dollar company has purchased $250 million in bitcoin, adopting the cryptocurrency as its primary treasury reserve.

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World’s Biggest Business Intelligence Firm Buys 21K Bitcoin for $250M

MicroStrategy confirms it has made Bitcoin its primary treasury reserve asset as institutional uptake takes a dramatic bullish step forward.

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Coinomize Sets a Bitcoin Mixer First with New Mobile Application

Coinomize is a next-generation bitcoin tumbler service that provides its users with a wide assortment of customization options. Its primary goal is to create a layer of privacy between a person’s identity and their bitcoins, making it harder for bitcoins and their owners to be tracked on the blockchain.

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Bitcoin: No More Selling Pressure from $5.7 Bln PlusToken Ponzi Scheme as Chinese Police Arrest 82 Key Members

Chinese police have finally arrested all 27 primary suspects involved in the Plus Token Ponzi scheme. The investigation led by the Ministry of Public Security successfully arrested all the major suspects and 82 key members of the case, reported Chinese financial news outlet CLS.

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Vitalik Buterin Says Ethereum Could Become ?Primary Place? Where Bitcoin Activity Happens

Ethereum co-founder Vitalik Buterin weighs in on the growth of tokenized Bitcoin

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Coinomize Sets a Bitcoin Mixer First with New Mobile Application

Coinomize is a next-generation bitcoin tumbler service that provides its users with a wide assortment of customization options. Its primary goal is to create a layer of privacy between a person’s iThe post Coinomize Sets a Bitcoin Mixer First with New Mobile Application appeared first on AMBCrypto.

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Coinomize Sets a Bitcoin Mixer First with New Mobile Application

Coinomize is a next-generation bitcoin tumbler service that provides its users with a wide assortment of customization options. Its primary goal is to create a layer of privacy between a person’s identity and their bitcoins, making it harder for bitcoins and their owners to be tracked on the blockchain.

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eToro: Stablecoin Adoption Upsurge Driven by Remittances and Fiat Inflation

While media coverage focuses on Bitcoin, stablecoins are halving a field day in Q2 as the primary go-to option for remittances and hedging against fiat money inflation. A new report by the crypto trading platform, eToro in partnership with The Tie stated that stablecoins have become a safe haven for both businesses and individuals for two […]

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The Profound Vision of Dash and How It’s Racing with Bitcoin in Adoption Rate

The purpose of Dash goes beyond the primary investible goal of most of the existing cryptocurrencies. The digital asset has amassed so much value from innovative ideas implemented and has met a lot of banking expectations missing in traditional financial institutions.

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The Cross Chain Revolution Has Begun: 10,000 Bitcoin on Ethereum

Bitcoin is infiltrating DeFi, with now over 10,000 BTC locked in Ethereum. Could this growth signal a new role for BTC, as the primary choice of collateral in DeFi? Big...

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Bitcoin Cash Tokenization Bolstered by the Creation of an SLP Foundation

On Monday, Bitcoin Cash (BCH) supporters were introduced to a Simple Ledger Protocol alliance called the SLP Foundation. According to the initial members, the SLP Foundation has been in the works since December 2019, and the primary goal is to foster SLP innovation and standards.

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Are Bitcoin's alleged risks worth the worry anymore?

"The wagering of money or something of values on an event with an uncertain outcome, with the primary intent of winning money or acquiring asset profitability." That is the definition of gambling, acThe post Are Bitcoin's alleged risks worth the worry anymore? appeared first on AMBCrypto.

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Here are the Two Reasons Why Bitcoin Investors are Fleeing Exchanges

Bitcoin’s recent rally has closely coincided with a trend of investors fleeing exchanges It appears that the two primary factors behind this trend are degrading trust in centralized platforms coupled with more investors moving towards a long-term “hodling” strategy Either way, this trend does bolster Bitcoin from a fundamental perspective Bitcoin’s intense uptrend seen in the time following its mid-March meltdown has ushered in a significant influx of new capital to the market – a […]

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Top Technical Analyst Claims Latest Bitcoin Engulfing Candle Isn’t Bullish

Last night’s Bitcoin monthly April candle closed as a bullish engulfing, often considered a reversal candle by traders and analysts. Bulls must beware, however, as one of the most respected top technical analysts recommends not trading this setup when the primary trend is down, as more often than not it leads to another devastating crash....

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The Monsoons Are Just Round The Corner But Bitcoin Miners in China Aren’t Gearing Up

China is the Bitcoin mining capital of the world primarily because of the availability of clean hydroelectricity in abundance at an affordable price. This is the primary reason Chinese Bitcoin mining farms are responsible for over 60% of Bitcoin mining.

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Primary use-case of Bitcoin in Latin America is 'preservation of wealth'

Bitcoin has found its strength as a store of value asset and the same value proposition seems to be attracting increased interest from traditional and institutional investors. Over the past decade, BiThe post Primary use-case of Bitcoin in Latin America is 'preservation of wealth' appeared first on AMBCrypto.

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Global interest for Bitcoin could be about to explode, here’s why

Trade volumes are booming on primary and secondary Bitcoin exchanges as Google searches for the number-one crypto skyrocket, indicating that to some degree a panic-induced flight to BTC may be in its early stages after the global economy’s recent capitulation.

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Zignaly Review 2020 – Upsurging Bitcoin Trading Bot

Zignaly is an automated cryptocurrency trading platform that is currently fairly unknown and small but has big plans for its future. You can tell from the name of the bot that its primary focus is on crypto signals (Signaly – Zignaly).

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Bitcoin traders go long on Biden; shorting Sanders in 2020 race

With Super Tuesday in full steam and derivatives platforms creating crypto-prediction markets, the race for the Democratic Primary elections is heating up. FTX, the cryptocurrency derivatives exchaThe post Bitcoin traders go long on Biden; shorting Sanders in 2020 race appeared first on AMBCrypto.

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Bitcoin-backed Hedge Funds Beat Traditional Players in 2019

Hedge funds containing bitcoin as a primary asset were more profitable in 2019 than those that didn’t feature the cryptocurrency, according to the latest survey by Eurekahedge. The hedge fund database found that dedicated cryptocurrency funds returned more than 16 percent profits to its investors last year.

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Here’s why Bitcoin could obsolete the U.S. dollar, euro, and all fiat

For years, the primary use case of Bitcoin has been debated. The detractors, often economists and mainstream investors, say it’s nothing but a speculative asset; others say it’s simply a digital store of value or a form of “digital gold,” nothing more.

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Bitcoin’s Safe Haven Status is Going Mainstream

While an argument can be made either way for Bitcoin’s primary designation as a digital currency or a store of value, in the last couple of years it has evolved much more into ‘digital gold.

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5 Online Casinos That Accept Bitcoin Cash

Digital cash was the original use case for bitcoin, and it remains the primary one for bitcoin cash (BCH) today. The ability to send funds anywhere in the world quickly and cheaply has made bitcoin cash a popular choice for online casino players.

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Elon Musk Is Undecided about Bitcoin but Thinks It Is ‘Pretty Clever’

Coinspeaker Elon Musk Is Undecided about Bitcoin but Thinks It Is ‘Pretty Clever’On the recent podcast, Elon Musk has expressed his opinion about Bitcoin. Tesla CEO believes that there are limitations to Bitcoin's use as a primary financial tool.

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Bitcoin advocate claims future will see emergence of thousands of cryptos

Andreas Antonopoulos, author of Mastering Bitcoin and a well-known Bitcoin advocate, recently spoke about whether there would be a scenario where Bitcoin becomes the primary currency or a scenario of The post Bitcoin advocate claims future will see emergence of thousands of cryptos appeared first on AMBCrypto.

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Bitcoin's single biggest vulnerability is financial privacy: Matt Odell

Bitcoin wallets and their safety have been one of the primary concerns lately in the crypto-community, in light of the fact that crypto-wallets contain information on the secure private key that is usThe post Bitcoin's single biggest vulnerability is financial privacy: Matt Odell appeared first on AMBCrypto.

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Yale Economics Professors advocate for Bitcoin portfolio allocation

Analysts have long pointed to Bitcoin’s lack of mainstream credibility as one primary factor that has been stunting its growth, but this appears to be shifting, as prominent economics professors at a major Ivy League university are now advocating for all investors to allocate Bitcoin and a handful of major altcoins to their investment portfolios.

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How Crypto is Evolving into a Trustless Banking System With DeFi and Dai

The primary pull of decentralized crypto assets is financial freedom from the flawed banking system. Bitcoin is one step but without greater adoption it is still just a speculative vehicle. DeFi and decentralized protocols based on banking are another and they’re gaining traction fast.

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Klarna and Sofort Becoming Names to Know in Cryptocurrency Circles

The primary aim of Bitcoin when it was first created was to replace all fiat currencies with the peer-to-peer payment system supported by its blockchain. Since the release of the original cryptocurrency, the original use of the digital coins has become somewhat muddled amidst the interest in the ocean of cryptocurrencies as investment opportunities.

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Former Circle Head: Tether Didn’t Manipulate Bitcoin Price, 2017 Rally Was Legit

Former Circle Head, Dan Matuszewski, now co-founder of trading firm, CMS Holdings, discusses Tether. In particular, why Tether was not the primary driving force behind 2017’s bitcoin bull run, and a declaration that Tether is one-to-one dollar-backed.

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