An overnight piece on the cryptocurrency index fund manager raising $70m from an institutional investor, & 30 individuals

Some big names in this:
  • Henry Kravis
  • Stanley Druckenmiller
  • Bridgewater CEO David McCormick
Bitwise has more than US$1.2 bn in assets under management
  • is focused on servicing long-term investors seeking exposure to cryptocurrencies
  • offer funds focusing on, for example: a fund tracking an index of the 10 largest crypto assets (including bitcoin, ether and litecoin), a fund holding 30 stocks whose companies derive 75% of their income from cryptocurrency or have 75% of net assets in crypto

Further evidence of institutional adoption of crypto. 

Meanwhile, BTC steady around $40K

An overnight piece on the cryptocurrency index fund manager raising $70m from an institutional investor, & 30 individuals

Invest in yourself. See our forex education hub.

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Tue 15 Jun 2021 21:27:23 GMT

2

Attention Bitcoin miners - kicked out of China? Mine from Texas instead!

Various provinces in China have been making life very difficult indeed, even impossible, for crypto miners. This from only a week ago: China has acknowledged it'll lose miners to the US and Canada:

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Attention Bitcoin miners - kicked out of China? Mine from Texas instead!


https://az705044.vo.msecnd.net/20210615/btc-bitcoin-16-june-2021.png Eamonn Sheridan
Tue 15 Jun 2021 21:27:23 GMT
Category: Cryptocurrency
2


Various provinces in China have been making life very difficult indeed, even impossible, for crypto miners. This from only a week ago: China has acknowledged it'll lose miners to the US and Canada:

Asset 24 View More
Tue 15 Jun 2021 08:00:04 GMT

Bitcoin needs to hold above $40,000 for a shot at redemption

Bitcoin broke back above $40,000 yesterday but can it hold? endorsement from Paul Tudor Jones The latest push up in the price is encouraging as it manages to crack the $40,000 level into the daily close but the work isn't done yet for buyers.

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Bitcoin needs to hold above $40,000 for a shot at redemption


//az705044.vo.msecnd.net/20210615/15-6-2021-3-53-56-pm.png Justin Low
Tue 15 Jun 2021 08:00:04 GMT
Author: Justin Low
Category: Cryptocurrency
0
Bitcoin broke back above $40,000 yesterday but can it hold? endorsement from Paul Tudor Jones The latest push up in the price is encouraging as it manages to crack the $40,000 level into the daily close but the work isn't done yet for buyers.

Asset 24 View More
Tue 15 Jun 2021 02:09:32 GMT

1

Crypto ICYMI: Goldman Sachs intends to offer options and futures on Ether

An overnight piece via Bloomberg on plans at Goldman Sachs for crypto training.  The headline pretty much says it all on new info. Its more of interest as a further sign that institutional adoption looks set to continue.

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Crypto ICYMI: Goldman Sachs intends to offer options and futures on Ether


Eamonn Sheridan
Tue 15 Jun 2021 02:09:32 GMT
Category: Cryptocurrency
1
An overnight piece via Bloomberg on plans at Goldman Sachs for crypto training.  The headline pretty much says it all on new info. Its more of interest as a further sign that institutional adoption looks set to continue.

Asset 24 View More
Mon 14 Jun 2021 21:20:14 GMT

Another BTC ICYMI - Paul Tudor Jones likes bitcoin as a portfolio diversifier

I posted a few moments ago on BTC:  A Bitcoin ICYMI - MicroStrategy to add circa US$500m to its holdings of BTC BTC getting some love over the past 24 hours or so:

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Another BTC ICYMI - Paul Tudor Jones likes bitcoin as a portfolio diversifier


https://az705044.vo.msecnd.net/20210606/bitcoin-sun.png Eamonn Sheridan
Mon 14 Jun 2021 21:20:14 GMT
Category: Cryptocurrency
0
I posted a few moments ago on BTC:  A Bitcoin ICYMI - MicroStrategy to add circa US$500m to its holdings of BTC BTC getting some love over the past 24 hours or so:

Asset 24 View More
Mon 14 Jun 2021 20:55:54 GMT

1

A Bitcoin ICYMI - MicroStrategy to add circa US$500m to its holdings of BTC

Bitcoin traded above US$41K during Monday US time. The price surge began Sunday afternoon US time with a Musk tweet: It got a renewed push on the news that business software company MicroStrategy made a statement on Monday its readying to buy up to $488m in bitcoin, utilising proceeds from a $500m bond sale it has finalised. 

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A Bitcoin ICYMI - MicroStrategy to add circa US$500m to its holdings of BTC


https://az705044.vo.msecnd.net/20210614/btc-microstrategy.png Eamonn Sheridan
Mon 14 Jun 2021 20:55:54 GMT
Category: Cryptocurrency
1
Bitcoin traded above US$41K during Monday US time. The price surge began Sunday afternoon US time with a Musk tweet: It got a renewed push on the news that business software company MicroStrategy made a statement on Monday its readying to buy up to $488m in bitcoin, utilising proceeds from a $500m bond sale it has finalised. 

Asset 24 View More
Mon 14 Jun 2021 13:11:05 GMT

Bitcoin moves above $40,000 for the first time in two and half weeks

Musk tweet over the weekend spurs on buying The tweet over the weekend from Elon Musk saying that Tesla would look to buy bitcoin when there is confirmation of reasonable clean energy usage by minors with a positive future trend.

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Bitcoin moves above $40,000 for the first time in two and half weeks


//az705044.vo.msecnd.net/20210614/snag_4b4db5.png Greg Michalowski
Mon 14 Jun 2021 13:11:05 GMT
Category: Cryptocurrency
0
Musk tweet over the weekend spurs on buying The tweet over the weekend from Elon Musk saying that Tesla would look to buy bitcoin when there is confirmation of reasonable clean energy usage by minors with a positive future trend.

Asset 24 View More
Sun 13 Jun 2021 22:05:20 GMT

3

ICYMI - BTC has surged in price after Musk says Tesla will accept bitcoins when miners use more clean energy

I posted on the tweel from TSLA CEO Elon Musk earlier here:  Bitcoin surge on Musk tweet The words of interest: Bitcoin did what it does best and skyrocketed in price. It traded above US$39,300 and not far from there as I update, circa $38,980.

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ICYMI - BTC has surged in price after Musk says Tesla will accept bitcoins when miners use more clean energy


https://az705044.vo.msecnd.net/20210613/btc-tweet-musk-tsla.png Eamonn Sheridan
Sun 13 Jun 2021 22:05:20 GMT
Category: Cryptocurrency
3
I posted on the tweel from TSLA CEO Elon Musk earlier here:  Bitcoin surge on Musk tweet The words of interest: Bitcoin did what it does best and skyrocketed in price. It traded above US$39,300 and not far from there as I update, circa $38,980.

Asset 24 View More
Sun 13 Jun 2021 20:15:38 GMT

11

Bitcoin surge on Musk tweet

A tweet from Tesla CEO Elon Musk on Sunday indicating his firm will be ac cepting BTC transactions once it confirms there is reasonable clean energy usage by miners.

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Bitcoin surge on Musk tweet


https://az705044.vo.msecnd.net/20210613/btc-tweet-musk-tsla.png Eamonn Sheridan
Sun 13 Jun 2021 20:15:38 GMT
Category: Cryptocurrency
11
A tweet from Tesla CEO Elon Musk on Sunday indicating his firm will be ac cepting BTC transactions once it confirms there is reasonable clean energy usage by miners.

Asset 24 View More
Thu 10 Jun 2021 20:58:42 GMT

1

ICYMI: SNB, BDF, UBS, Credit Suisse, Natixis hooking up to trial cross-border central bank digital currency payments

News filtering out Thursday of the Swiss National Bank & Bank of France to set up a trial run of Europe's first cross-border central bank digital currency payments

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ICYMI: SNB, BDF, UBS, Credit Suisse, Natixis hooking up to trial cross-border central bank digital currency payments


https://az705044.vo.msecnd.net/20200616/snb.jpg Eamonn Sheridan
Thu 10 Jun 2021 20:58:42 GMT
Category: Cryptocurrency
1
News filtering out Thursday of the Swiss National Bank & Bank of France to set up a trial run of Europe's first cross-border central bank digital currency payments

Asset 24 View More
Thu 10 Jun 2021 10:46:55 GMT

All good news on the crypto front so far today

WSJ reports that Coinbase is teaming up with a 401k provider to offer crypto The story was out a little earlier before the Basel news but didn't quite gather enough traction but perhaps put together, it is starting to reverberate into broader sentiment in the crypto market - or maybe it was just a delayed reaction.

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All good news on the crypto front so far today


Justin Low
Thu 10 Jun 2021 10:46:55 GMT
Author: Justin Low
Category: Cryptocurrency
0
WSJ reports that Coinbase is teaming up with a 401k provider to offer crypto The story was out a little earlier before the Basel news but didn't quite gather enough traction but perhaps put together, it is starting to reverberate into broader sentiment in the crypto market - or maybe it was just a delayed reaction.

Asset 24 View More
Thu 10 Jun 2021 10:19:11 GMT

Bitcoin climbs back above $38,000 on Basel news

Bitcoin up nearly 5% on the day currently Buyers aren't giving up just yet as the bounce off the swing region around $32,000 starts to look for more upside, helped by the Basel news earlier .

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Bitcoin climbs back above $38,000 on Basel news


//az705044.vo.msecnd.net/20210610/10-6-2021-6-13-26-pm.png Justin Low
Thu 10 Jun 2021 10:19:11 GMT
Author: Justin Low
Category: Cryptocurrency
0
Bitcoin up nearly 5% on the day currently Buyers aren't giving up just yet as the bounce off the swing region around $32,000 starts to look for more upside, helped by the Basel news earlier .

Asset 24 View More
Thu 10 Jun 2021 10:09:22 GMT

Basel Committee proposes first bespoke capital rules for cryptocurrency assets

Banks to face tough capital requirements for holding Bitcoin and Altcoins That puts Bitcoin in the highest risk category in terms of bank capital exposure and in practice, means that banks may need to hold a dollar in capital for each dollar worth of Bitcoin holdings - based on the 8% minimum capital requirement that is.

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Basel Committee proposes first bespoke capital rules for cryptocurrency assets


//az705044.vo.msecnd.net/20181221/bitcoin.png Justin Low
Thu 10 Jun 2021 10:09:22 GMT
Author: Justin Low
Category: Cryptocurrency
0
Banks to face tough capital requirements for holding Bitcoin and Altcoins That puts Bitcoin in the highest risk category in terms of bank capital exposure and in practice, means that banks may need to hold a dollar in capital for each dollar worth of Bitcoin holdings - based on the 8% minimum capital requirement that is.

Asset 24 View More
Thu 10 Jun 2021 00:57:50 GMT

El Salvador embracing Bitcoin still helping it along

The news on El Salvador adopting BTC as a legal currency began on the weekend: Check out the bottom of that post for a link on why this is unlikely to work out well.

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El Salvador embracing Bitcoin still helping it along


https://az705044.vo.msecnd.net/20210610/btc-10-june-2021-3.png Eamonn Sheridan
Thu 10 Jun 2021 00:57:50 GMT
Category: Cryptocurrency
0
The news on El Salvador adopting BTC as a legal currency began on the weekend: Check out the bottom of that post for a link on why this is unlikely to work out well.

Asset 24 View More
Wed 9 Jun 2021 23:30:07 GMT

1

JBS paid an $11 million ransom in bitcoin re cyber attack

Wall Street Journal carry the news that meat supplier JBS paid a cyber ransom. Andre Nogueira, chief executive of Brazilian meat company JBS SA's U.S. division comment:

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JBS paid an $11 million ransom in bitcoin re cyber attack


https://az705044.vo.msecnd.net/20210609/jbs-bitcoin.png Eamonn Sheridan
Wed 9 Jun 2021 23:30:07 GMT
Category: Cryptocurrency
1
Wall Street Journal carry the news that meat supplier JBS paid a cyber ransom. Andre Nogueira, chief executive of Brazilian meat company JBS SA's U.S. division comment:

Asset 24 View More
Wed 9 Jun 2021 21:48:25 GMT

2

Coinbase are expanding the ability of US customers to borrow cash using Bitcoin as collateral

Coinbase makes available a line of credit to US customers using Bitcoin as collateral in a number of US states.  Info via . Hold on to your hats!

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Coinbase are expanding the ability of US customers to borrow cash using Bitcoin as collateral


https://az705044.vo.msecnd.net/20210609/btc-10-june-2021-2.png Eamonn Sheridan
Wed 9 Jun 2021 21:48:25 GMT
Category: Cryptocurrency
2
Coinbase makes available a line of credit to US customers using Bitcoin as collateral in a number of US states.  Info via . Hold on to your hats!

Asset 24 View More
Wed 9 Jun 2021 21:23:42 GMT

2

US Senator Warren calls for more cryptocurrency regulation

Says regulators and Congress need to do more on regulating crypto.  Warren appearing on Bloomberg TV in an interview

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US Senator Warren calls for more cryptocurrency regulation


Eamonn Sheridan
Wed 9 Jun 2021 21:23:42 GMT
Category: Cryptocurrency
2
Says regulators and Congress need to do more on regulating crypto.  Warren appearing on Bloomberg TV in an interview

Asset 24 View More
Wed 9 Jun 2021 20:32:38 GMT

4

A Cryptocurrency ICYMI - Another province in China orders shutdown of Bitcoin mining

China's Qinghai province has banned virtual currency mining operations,following on the news that  Xinjiang and Inner Mongolia have tightened regulations also.  Authorities cited concerns on high energy-consumption, environmental pollution, and also a central government (State Council) directive to maintain financial stability.

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A Cryptocurrency ICYMI - Another province in China orders shutdown of Bitcoin mining


https://az705044.vo.msecnd.net/20210609/btc-10-june-2021-1.png Eamonn Sheridan
Wed 9 Jun 2021 20:32:38 GMT
Category: Cryptocurrency
4
China's Qinghai province has banned virtual currency mining operations,following on the news that  Xinjiang and Inner Mongolia have tightened regulations also.  Authorities cited concerns on high energy-consumption, environmental pollution, and also a central government (State Council) directive to maintain financial stability.

Asset 24 View More
Wed 9 Jun 2021 17:49:02 GMT

3

SEC's Gensler: Crypto regulatory oversight needs to be broadened

Comments on CNBC from the SEC Chairman More regulation is undoubtedly coming. It sounds like he will be going after the exchanges. He's only two months into the job and this was one of his first chances to lay out his priorities.

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SEC's Gensler: Crypto regulatory oversight needs to be broadened


//az705044.vo.msecnd.net/20210609/gary-gensler.png Adam Button
Wed 9 Jun 2021 17:49:02 GMT
Author: Adam Button
Category: Cryptocurrency
3
Comments on CNBC from the SEC Chairman More regulation is undoubtedly coming. It sounds like he will be going after the exchanges. He's only two months into the job and this was one of his first chances to lay out his priorities.

Asset 24 View More
Wed 9 Jun 2021 13:46:25 GMT

Interactive Brokers to offer crypto trading by summer - report

CNBC report Interactive Brokers is getting into crypto. The huge discount broker has more than 600,000 clients and $130B in customer equity. Just when bitcoin looks like it's going to skid, it gets some good news.

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Interactive Brokers to offer crypto trading by summer - report


Adam Button
Wed 9 Jun 2021 13:46:25 GMT
Author: Adam Button
Category: Cryptocurrency
0
CNBC report Interactive Brokers is getting into crypto. The huge discount broker has more than 600,000 clients and $130B in customer equity. Just when bitcoin looks like it's going to skid, it gets some good news.

Asset 24 View More
Tue 8 Jun 2021 21:03:09 GMT

2

Bitcoin update - trading higher towards $34K

BTC has had a sad week so far, down from around $36K to circa 31K a few hours ago. Since those lows its stacked on nearly $3k of gains. 

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Bitcoin update - trading higher towards $34K


https://az705044.vo.msecnd.net/20210608/btc-09-june-2021-1.png Eamonn Sheridan
Tue 8 Jun 2021 21:03:09 GMT
Category: Cryptocurrency
2
BTC has had a sad week so far, down from around $36K to circa 31K a few hours ago. Since those lows its stacked on nearly $3k of gains. 

Asset 24 View More
Tue 8 Jun 2021 16:06:17 GMT

5

IRS Chief Rettig: Congress should provide clear authority on bitcoin transfers

The low for the day reached $31000 so far today The IRS Chief Rettig is saying: A problem with the ransomeware problems of late is that tracking bitcoin was thought to be impossible to do and that it promoted bad actors.  Yesterday, the US government said that they got back most of the ransom paid by Continental Pipeline.  That has led to some uneasiness in the crypto currency world where players assumed their accounts were sacred only to them.  

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IRS Chief Rettig: Congress should provide clear authority on bitcoin transfers


Greg Michalowski
Tue 8 Jun 2021 16:06:17 GMT
Category: Cryptocurrency
5
The low for the day reached $31000 so far today The IRS Chief Rettig is saying: A problem with the ransomeware problems of late is that tracking bitcoin was thought to be impossible to do and that it promoted bad actors.  Yesterday, the US government said that they got back most of the ransom paid by Continental Pipeline.  That has led to some uneasiness in the crypto currency world where players assumed their accounts were sacred only to them.  

Asset 24 View More
Tue 8 Jun 2021 15:25:42 GMT

3

Bitcoin trades to new session lows

Down -9.6% on the day The price of bitcoin is trading to a new session low of $31100.00. That's the lowest level since since May 23 when the price reached 31107.46. Other swing low targets come in at $30066 and $28800. The 61.8% retracement of the move up from the September 2021 swing low comes in at 30861.87

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Bitcoin trades to new session lows


//az705044.vo.msecnd.net/20210608/2021-06-08_8-21-06.jpg Greg Michalowski
Tue 8 Jun 2021 15:25:42 GMT
Category: Cryptocurrency
3
Down -9.6% on the day The price of bitcoin is trading to a new session low of $31100.00. That's the lowest level since since May 23 when the price reached 31107.46. Other swing low targets come in at $30066 and $28800. The 61.8% retracement of the move up from the September 2021 swing low comes in at 30861.87

Asset 24 View More
Tue 8 Jun 2021 14:38:50 GMT

10

The bitcoin chart is ugly. Price falls below $32,000

Bitcoin at the lows of the day Bitcoin is having a rough week. It's down another 7.3% today to $31,900 after a similar fall yesterday. The Miami bitcoin conference was cringey and the US government stealing back the bitcoin from the Colonial pipeline hackers is a reminder about security and confiscation risks.

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The bitcoin chart is ugly. Price falls below $32,000


//az705044.vo.msecnd.net/20210608/bitcoin-chart.png Adam Button
Tue 8 Jun 2021 14:38:50 GMT
Author: Adam Button
Category: Cryptocurrency
10
Bitcoin at the lows of the day Bitcoin is having a rough week. It's down another 7.3% today to $31,900 after a similar fall yesterday. The Miami bitcoin conference was cringey and the US government stealing back the bitcoin from the Colonial pipeline hackers is a reminder about security and confiscation risks.

Asset 24 View More

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