CNBC’s Jim Cramer Used Bitcoin Profits to Pay Off a Mortgage
Jim Cramer, the host of CNBC’s Mad Money, has disposed of half of his bitcoin holdings and used the substantial profits to pay off his mortgage. Although he classified this conversion as “phony money for real money,” the crypto community…
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Crypto Price Analysis & Overview April 16th: Bitcoin, Ethereum, Ripple, Binance Coin, and Cardano
By Yaz Sheikh
This week was quite bullish for the entire cryptocurrency market. Bitcoin charted a fresh all-time high and so did a lot of other cryptocurrencies. Altcoin season is booming as the BTC dominance continues to decline. Bitcoin Bitcoin saw a 4.2%…
Turkey to Ban Cryptocurrency Usage as Payment Instruments From April 30
Turkey’s government has introduced a new regulation that will prohibit cryptocurrency assets from being used as payment methods as of April 30th, citing significant risks. Nevertheless, banks are excluded from the legislation, meaning that users can still deposit the Turkish…
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Bitcoin Slumps Below Previous ATH: ETH Reached $2550 (Market Watch)
After nearing $64,000, bitcoin’s price has plummeted by about $3,000 in a matter of minutes and tested $61,000. Most altcoins have followed along south with the apparent exception of Dogecoin. DOGE has painted a new all-time high at $0.3 after…
European Hedge Fund Brevan Howard to Invest $84 Million In Cryptocurrencies
By Jose Oramas
It should be no surprise that more traditional corporations join the crypto fever by investing in bitcoin or adopting blockchain technology. Brevan Howard, a European hedge fund, is the latest asset manager to join the movement. Bloomberg reported that the…
Ripple’s CTO Only Has 2% of His Bitcoins Left
Ripple’s CTO, David Schwartz, has been gradually offloading his bitcoin position for years and is currently left with about 2% of his entire stack. During a recent Twitter threat, he outlined the significance of taking profits while blasting the narrative…
Crypto Can Become a Great Asset Class, Says BlackRock CEO
Despite lacking sufficient institutional demand from its clients, BlackRock’s CEO, Larry Fink, outlined the potential of the cryptocurrency industry, which could become a “great asset class.” He further asserted that crypto investors should not treat digital assets as a substitute…
PayPal’s Crypto Service Could Reach $200 Million in Volume in a Few Months, Says CEO
By Jose Oramas
Speaking at a conference with several crypto-friendly corporations, PayPal’s CEO Dan Schulman revealed that the company is looking to expand its crypto-services as digital currencies take a leading role in the financial system. Schulman joined the “2021 Blockchain 50 Symposium:…
Grayscale Total Assets Value Soars Above $50 Billion Following the Recent Bitcoin ATH
By Jose Oramas
Top-tier digital assets manager Grayscale has seen an increase in the value of its total AUM (Assets Under Management) to above $50 billion as bitcoin’s price marked a new all-time high recently. The Grayscale Bitcoin Trust (GBTC) is now worth…