Bitcoin News Headlines

North America's First Bitcoin ETF Now Holds Over 11000 BTC Markets and Prices Bitcoin News - Bitcoin News

The first bitcoin exchange-traded fund (ETF) in North America now holds over 11,000 bitcoins. Purpose Bitcoin ETF saw strong interest at launch. An ETF researcher explained that the surge in interest was evidence of some combination of pent-up demand, the price of bitcoin, and investors switching from other means of getting cryptocurrency exposure.
Published: Thu, 4 Mar 2021 12:17 am GMT

Drug traffickers 'increasingly' used Bitcoin ATMs to aid illicit transfers in 2020

According to US Department of Justice’s Drug Enforcement Administration (DEA), drug traffickers increasingly relied on crypto ATMs to aid illicit bulk money transfers, last year.  DEA also noted a surge in BTC withdrawal of many dark web vendors, last year, who feared “loss of funds.” DEA stated that Covid-imposed lockdowns in 2020 delayed drug shipments, […] With money stuck with US-based traffickers, due to COVID lockdowns, resorting to crypto ATMs became one way for dealers to transfer funds.
Published: Wed, 3 Mar 2021 10:30 pm GMT

Race For The First Bitcoin ETF In The U.S. Is Heating Up - Bitcoin Magazine

With multiple regulatory filings for approval of a U.S. bitcoin ETF in place, it appears that such a product is imminent.
Published: Wed, 3 Mar 2021 9:43 pm GMT

Ripple is committed to San Francisco, says co-founder Chris Larsen

In October last year, Ripple co-founder Chris Larsen said that the firm may consider relocating to other countries citing the lack of regulatory clarity in the United States. Since then, many have speculated where the firm’s new headquarters will be located. However, amid a lawsuit with SEC regarding an alleged illegal securities offering, and XRP’s […] Chris Larsen made a new announcement recently. One that states that the payment protocol firm is here to stay.
Published: Wed, 3 Mar 2021 9:30 pm GMT

Bitcoin to Reach $100K to $288K in 2021? Stock-to-Flow Models Suggest It Could Economics Bitcoin News - Bitcoin News

The momentum has a number of crypto enthusiasts thinking that bitcoin prices reaching the $100k to $288k range by the years end is possible.
Published: Wed, 3 Mar 2021 9:00 pm GMT

Ethereum's price prospects: What you need to know

With Ethereum trading above $1,600 on the price charts for the first time in days, there is an expectation that the altcoin’s value will hike even more in the near-term. In fact, there are good reasons behind such expectations. After all, the demand from institutions has risen consistently, and more prominently, Grayscale is still buying […] According to Arcane Research's latest report, after ending Q1 of Genesis Loan composition at 5.5%, the share of ETH loans outstanding...
Published: Wed, 3 Mar 2021 8:30 pm GMT

Ripple launches pilot private ledger for central banks' CBDC

Payment protocol firm Ripple announced a pilot project that seeks to provide a “private version” of its XRP ledger for central banks that can use the technology to issue and manage digital currencies. The post stated that: The CBDC Private Ledger is based on the same blockchain technology that powers the XRP Ledger , which […] Payment protocol firm Ripple announced a pilot project that seeks to provide a “private version” of its XRP Ledger for central banks.
Published: Wed, 3 Mar 2021 7:29 pm GMT

Here's one way Ethereum fee hikes are useful in predicting local bottoms

Ethereum, at the time of writing, was trading above $1,600 for the first time in the 5 days, with the altcoin replicating the movements of Bitcoin after the world’s largest cryptocurrency climbed above $50,000 again. Of the several factors influencing Ethereum’s price, correlation with Bitcoin and institutional demand are the top ones right now. However, […] Of the several factors influencing Ethereum's price, correlation with Bitcoin and institutional demand are the top ones right now....
Published: Wed, 3 Mar 2021 6:30 pm GMT

XRP, Polkadot, Cosmos Price Analysis: 03 March

At the time of writing, bullish movements were underway across the crypto-market, with the same precipitated by Bitcoin’s foray above the $50,000-mark. Thanks to BTC’s movement and owing to the correlation shared by the market’s alts with the world’s largest cryptocurrency, the likes of Polkadot, XRP, and Cosmos were all rallying. At press time, however, […] Once one of the mainstays of the market top-five, XRP, at the time of writing, was ranked 7th on CoinMarketCap's charts. Thanks to its...
Published: Wed, 3 Mar 2021 6:00 pm GMT

Bitfinex launches Bitfinex Pay for merchants to accept payments in ETH, BTC

Crypto exchange Bitfinex launched a payment widget dubbed Bitfinex Pay that will aim to provide online merchants with a means of receiving “seamless” digital token payments. Merchants can integrate the payment technology onto a website facilitating e-payments. Users will have the option to pay with various cryptocurrencies which include Ethereum (ETH), Bitcoin (BTC), Lightning Network […] The news drew much speculation from crypto Twitter who think the new crypto payment system could compete with PayPal.
Published: Wed, 3 Mar 2021 6:00 pm GMT

Bitcoin explained: How it works and what it is good for - Deutsche Welle

The most prominent of cryptocurrencies, Bitcoin has seen wild swings in value lately, making retail investors wonder if its worth wagering their money on it. DW abstains from any advice, but explains how Bitcoin works.
Published: Wed, 3 Mar 2021 5:44 pm GMT
source: www.dw.com

Someone paid $4,480 for an XRP transaction

Crypto Twitter was abuzz over the fact that someone spent about $,480 for an XRP transaction. A tweet from the Flare Community drew attention to a transaction that took place a few days ago. An unidentified user paid over 10,000 XRP worth more than $4K for a transaction on XRP Ledger. The community published the […] This was not the only XRP transaction to make news as significant amounts of the crypto was moved between leading exchanges. 
Published: Wed, 3 Mar 2021 5:30 pm GMT

Ethereum, UNI, Verge, FTX Token Price Analysis: 03 March

Ethereum, the world’s largest altcoin, recaptured the $1,600-level and targeted a break above its 200-SMA. The market’s bulls maintained control of the Uniswap market, with the $27.2-resistance likely to be toppled in an extended bullish scenario. Verge flipped the $0.019-resistance at the time of writing, one of the many levels that need to be overturned […] Ethereum, the world's largest altcoin, recaptured the $1,600-level and targeted a break above its 200-SMA. The market's bulls maintained...
Published: Wed, 3 Mar 2021 5:00 pm GMT

Dan Weiskopf: Why Cisco Should Buy Bitcoin - CoinDesk - CoinDesk

Rather than putting spare cash into its own shares, the networking giant should invest in the future, says an investment manager.
Published: Wed, 3 Mar 2021 4:48 pm GMT

Why Cisco Should Buy Bitcoin - Yahoo Finance

Rather than putting spare cash into its own shares, the networking giant should invest in the future, says an ETF manager.
Published: Wed, 3 Mar 2021 4:42 pm GMT

Here's the one thing CEOs of Ripple, Coinbase, and Square all agree on

Regulatory action against cryptocurrencies has always had an impact on markets, and that will be the case for the foreseeable future too.  Or, as MicroStrategy’s Michael Saylor puts it, over the next decade, “regulatory FUD,” would be the most “logical challenge” for investors in the crypto-community.  With Bitcoin becoming more popular, officials have begun calling […] Regulatory action against cryptocurrencies has always had an impact on markets, and that will be the case for the foreseeable future too...
Published: Wed, 3 Mar 2021 4:30 pm GMT

DOGE flips Bitcoin, Ethereum as 'most discussed' crypto on Twitter

Thanks to Elon Musk’s numerous tweets, the meme-coin seems to be on everybody’s minds these days. To prove that, an analytics firm found that in February, Dogecoin, which began as a joke back in 2013, has even surpassed Bitcoin, in terms of being “the most discussed digital asset” on Twitter.   Stating that “it was inevitable” […] It will be interesting to watch how markets continue to react to DOGE, and whether the 'joke' coin will gain serious investors.
Published: Wed, 3 Mar 2021 4:00 pm GMT

Tezos, Synthetix, Dogecoin, DigiByte Price Analysis: 03 March

Tezos registered a breakout above its horizontal channel as trading volumes surged over the last 24 hours. Synthetix continued to move north on the charts on the back of strong bullish momentum. Popular meme-coin Dogecoin seemed to be in a distribution phase as selling pressure gathered steam. Finally, DigiByte was unlikely to break above its […] Tezos broke above its horizontal channel on the 4-hour timeframe after the price jumped by over 8% in the last 24 hours, accompanied by...
Published: Wed, 3 Mar 2021 3:30 pm GMT

Bitcoin: Here's the long-term signal you might be ignoring

Bitcoin’s market capitalization hitting $1 trillion corresponded with a surge in price on the charts. In the said case, the last of the market volatility and network momentum pushed the price higher, before the drop that followed. However, if we look at Bitcoin as an asset to be used as collateral, there is wider scope […] Bitcoin's market capitalization hitting $1 trillion corresponded with a surge in price on the charts. In the said case, the last of the...
Published: Wed, 3 Mar 2021 3:00 pm GMT

BTC Branded 'the Most Portable Asset' as 420k Bitcoins Used as Collateral in Q4 of 2020 Finance - Bitcoin News

Bitcoin being "the most portable asset", is likely one of the factors behind the increasing use of the crypto as a collateral asset.
Published: Wed, 3 Mar 2021 2:01 pm GMT