JPMorgan says inflation concerns, not ETFs, driving Bitcoin price jump
JPMorgan strategists say that interest in the newly launching BITO Bitcoin ETF could cool after a week or so.
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Competition and Hype Drive Young Crypto Investors, UK Watchdog Finds
A sizable majority of young investors seeking high-risk opportunities are motivated by competition and hype, a new survey has indicated. They often turn to cryptocurrency and forex products, according to…
Real Estate Platform Pacaso Accepts Crypto Assets for Payments, CEO Says ‘Mass Crypto Adoption Well Underway’
On October 20, the day bitcoin smashed a new all-time price high, the real estate platform Pacaso announced it will be accepting cryptocurrencies via Bitpay. The CEO of the real…
Bitcoin Smashes Through All-Time High Surpassing $66,000 per Unit
The spot price of bitcoin smashed through the leading crypto asset’s all-time high (ATH) surpassing $66,000 per unit after the first bitcoin exchange-traded fund (ETF) was launched in the United…
Russia Considers Partially Replacing Dollar Reserves With Digital Assets in Future
Amid ongoing sanctions, the government of Russia has been working to limit the country’s dependence on the U.S. dollar. The Ministry of Foreign Affairs now says it’s possible to partially…
Bitcoin price eyes $65K breakout as BTC exchanges reserves fall to 2018-lows
Decreasing reserves mean a decline in Bitcoin supply for selling, altcoins purchasing, and margin trading.
Competition drives young traders’ crypto investments, says UK watchdog
Young investors assume the crypto market is regulated, new research by the Financial Conduct Authority reveals.
Facebook’s Novi Launches Pilot Program in Guatemala and US Using Pax Dollar
Novi, Facebook’s digital wallet, will launch a pilot program to test the functionality of the service in two countries: Guatemala and the U.S. The test will allow Novi to test…
Iran to Pilot ‘National Cryptocurrency,’ Amend Central Bank Law
The central bank of Iran is gearing up to begin the pilot phase of its digital currency project in the near future, its new head announced to representatives of local…
Brazilian Asset Manager Kinea Makes Exploratory Investment in Ethereum
One of the biggest asset managers in Brazil, Kinea, disclosed it made an exploratory investment in Ethereum. The announcement was made by Marco Aurélio Freire, manager of funds for Kinea,…
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