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2021 Enters Its Closing Lap: Bitcoin Yearly Review and 2022 Outlook
Key Takeaways: Bitcoin experienced one of its most volatile years as it hit a record high of $69,000 Outlook for growth of BTC and crypto remains firmly positive as we move into 2022 Bitcoin Adoption Grows Substantially in 2021 Bitcoin, the world’s biggest cryptocurrency, experienced a highly-volatile, jittery, and wild year. In 2021, the […]
SkyBridge Capital CEO Says Institutions Are Not Yet In Bitcoin
Anthony Scaramucci, CEO of hedge fund SkyBridge Capital, says institutional support in bitcoin is still not there. He says the crypto market first needs to be regulated. Demand for crypto, however, is not missing. Read more to learn the details.
Elon Musk Says US Government Should “Do Nothing” for BTC Regulation
Elon Musk said the US government should not get involved in crypto through regulations. Speaking at the annual Code Conference, he addressed China’s role in the digital asset space and provided his outlook for crypto. Read more to learn the details.
The Economist Says It’s Wise to Own BTC, Calls It Nobel-Prize Worthy
Key Takeaways: The Economist says it’s wise to include bitcoin in an investment portfolio “It is a Nobel prize-winning diversification strategy,” the magazine says It’s Wise to Hold Bitcoin According to the Modern Portfolio Theory One of the oldest and most respected magazines in history, the Economist, explained why it’s wise to own Bitcoin if […]
Bitcoin Has Led to Change, but Needs Regulation, Says Gary Gensler
The SEC Chairman, Gary Gensler, appeared in an online event to address the challenges and opportunities ahead for bitcoin. While he acknowledged bitcoin has led to change, he called for the need of regulation. Read more to learn the details.
El Salvador Steps in and Buys the Dip, Owns 700 Bitcoins
El Salvador, the nation that made bitcoin legal tender two weeks ago, continues to dive deeper into the bitcoin world. The country added 150 new coins during yesterday’s dip, paying about $30 million for the purchase. Read more to learn how president Nayib Bukele bought the dip.
A Wave of Countries Lined Up to Legalize Bitcoin After El Salvador
After El Salvador’s legalization of bitcoin as a national currency, a number of countries have expressed desire to become the next ones to embrace the original cryptocurrency. Read more to learn which countries are working to join the bitcoin revolution.
SkyBridge Capital CEO Sees Bitcoin at $100K by End of 2021
Anthony Scaramucci, a former White House employee and the founder of hedge fund SkyBridge Capital, forecasted the price of bitcoin could double from current levels and reach a price of $100,000 by the end of the year. Read more to learn the details.
SEC Chair Gary Gensler to Address Crypto Regulation Before Senate
Gary Gensler, the Chairman of the Securities and Exchange Commission, is expected to appear before lawmakers in Washington to address the need for investor protection in the cryptocurrency market. In his prepared remarks, Mr. Gensler says crypto finance needs a regulatory framework. Read more to learn the details.
US Consumer Survey Shows Almost Half Invested in Cryptocurrency
A survey commissioned by crypto platform Bakkt showed the US consumer base is increasingly interested in investing in cryptos. Nearly half of the respondents said they have invested in the fast-emerging digital asset market. Read further to learn the details.
Bitcoin Price Poised to Grind Higher, Says Fidelity’s Global Macro Head
The Director of Global Macro at Fidelity, Jurrien Timmer, recently posted a series of tweets filled with charts and analysis that pointed bitcoin’s price was set to elevate from current levels. Read more here to see what’s in store for bitcoin, according to Mr. Timmer.
Third Person to Ever Own Bitcoin: “$100K is Quite Possible in 2021”
Adam Back, a cryptographer from the early days of Bitcoin and the CEO of Blockstream, said bitcoin’s price could double from current levels to reach as high as $100,000 by year-end. Read further to see his take on the original coin.
Britons Widely Oppose a Digital Version of the Sterling, Survey Shows
A recent survey of 2,500 British adults has indicated the majority of the polled do not believe in a central-bank backed digital sterling. The UK’s central bank, however, thinks it could be a good idea. Read on to learn the details.
Wells Fargo Launches a Bitcoin Fund, SEC Filing Confirms
Wells Fargo, one of the biggest and oldest banks in the US, is set to launch a Bitcoin fund that would give the bank’s wealthy clients indirect access to Bitcoin. Wells Fargo is the latest of the major US banks to join the crypto wave. Read more to learn the details.
More Than 85,000 Swiss Merchants Now Accept Bitcoin
Crypto firm Bitcoin Suisse and payment provider Worldline have joint efforts to offer bitcoin payments to more than 85,000 businesses in Switzerland. The step marks a historic milestone for the Swiss business sector. Read further to see the details.
Former SEC Chairman Jay Clayton Joins Crypto Platform Fireblocks
Jay Clayton, the SEC chair during the administration of Donald Trump, has joined the advisory board of Fireblocks. His responsibilities will include educating investors about crypto security. He also wants to see regulations introduced to the crypto market. Read further to learn the details.
Billionaire Ray Dalio Reiterates Regulation Could Hurt Crypto
Ray Dalio, founder and chairman of the world’s largest hedge fund, Bridgewater Аssociates, shares his thoughts on bitcoin and gold. He also voices his concerns over a potentially harmful crypto market regulation. Read on to learn what Mr. Dalio said.
SEC Chair Gary Gensler Requests Authority to Regulate Crypto
Gary Gensler, Chairman of the SEC, has reiterated his intention to regulate the cryptocurrency market. In a letter to Senator Elizabeth Warren, he asks for more authority to be given to the SEC so that the agency could step in and provide basic level of protection in crypto trading, lending and DeFi platforms. Read here to learn more about Mr. Gensler’s approach to crypto.
Members of Congress Criticize “Harmful” Crypto Provision
Several members of the House of Representatives have asked House Speaker Nancy Pelosi to amend the contentious cryptocurrency provision included in the $1tn infrastructure bill passed by the Senate. As there is still time for changes, the group suggests a compromise crypto amendment. Read more to learn the details.
US Senators and Treasury Secretary Agree on a Crypto Amendment
US Senators have come together to propose a compromise cryptocurrency legislation. As the House is yet to vote on the controversial crypto tax requirement, lawmakers and the Secretary of Treasury have crafted a revised crypto amendment. Read more to learn the details.
SEC Chair Gary Gensler Calls Crypto a “Catalyst for Change”
As the head of the SEC, the agency responsible to regulate crypto, Gary Gensler talked in details over his crypto vision. While he sees Bitcoin as a “catalyst for change” he noted he would like crypto markets to have at least basic protection against fraud and manipulation. Read further to learn Mr. Gensler’s comments on Bitcoin and crypto assets.
Senate Passes $1tn Bill, Crypto Provision Unchanged
The US Senate passed on Tuesday a sweeping $1tn infrastructure package. The big-ticket spending includes a controversial crypto tax proposal, against which crypto lobbyists, groups and communities have rallied. While no changes were made to it, there is still time for revisions as the bill moves to the House. Read more to learn the details.
Elon Musk Opposes Amendment Seeking to Regulate Crypto
Elon Musk posted on Twitter he is against “hasty” cryptocurrency regulation. Discussing the latest crypto tax proposal by Senators, Elon Musk and Coinbase CEO Brian Armstrong elaborated on the risks this legislation carries. Read on to see what they had to say.
White House Backs Strict Crypto Regulation Ahead of Key Vote
President Biden’s administration has supported a controversial crypto tax provision as a way to pay for the $1tn infrastructure package. As the final vote in the US Senate is expected on Tuesday, crypto circles mobilize against it. Read more to learn the details.
Goldman Sachs Files with SEC for a “DeFi and Blockchain ETF”
Major US investment bank Goldman Sachs is looking for ways to meet rising demand for crypto. In its latest filing with the SEC, Goldman asks for approval to launch an exchange-traded fund comprised of companies focused on decentralized finance and blockchain technology. Read more here.