• Uncategorized

    Hodl on! After being held 3 months, Bitcoins are rarely sold again

    Data revealed by on-chain analysis revealed that nearly all those who acquired Bitcoin have held it for at least 90 days—and most only sell in volatile bull markets

    In its research, Glassnode divided Bitcoin owners between long-term holders who own coins more than 155 days old, and short-term holders owning coins younger than that. The firm discovered that “once a coin passes our 155 day threshold to become a LTH held coin, it is increasingly unlikely to be spent on a statistical basis, often only coming back to life during volatility and at higher prices in bullish markets.”

  • Goldman Sachs bitcoin futures desk
    Uncategorized

    Goldman Sachs reopening Bitcoin trading desk, looking at ETF: Report

    The bank is exploring the potential of launching a Bitcoin exchange-traded fund and is said to be looking for a digital asset custodian partner

    A person familiar with the situation reportedly said that Goldman Sachs will restart its Bitcoin futures trading desk, first proposed and then cancelled in 2018. The financial giant is expected to offer the futures and non-deliverable forwards for clients from next week.

  • Uncategorized

    Is XRP in danger of falling out of the top five cryptocurrencies?

    XRP and Cardano’s market caps are now neck and neck, and the embattled altcoin could be demoted further if its market cap is overtaken by another token embraced by decentralized finance, Polkadot

    Just a few short months ago, XRP’s market cap meant that its position in the top three cryptocurrencies was secure. Unfortunately, a confluence of factors has plunged the altcoin’s standing into peril.

  • Tesla buys bitcoin
    Uncategorized

    Tesla buys $1.5B in Bitcoin, will take crypto payments, sending BTC’s price to record highs

    The move comes two months after MicroStrategy’s Michael Saylor encouraged Elon Musk to convert Tesla’s balance sheet to Bitcoin

    In a filing with the U.S. Securities and Exchange Commission, the electric vehicle manufacturer also confirmed that it plans to accept BTC as a payment method soon. However, it’s unclear whether or not such payments would be converted into cash immediately afterwards.