JPMorgan Chase & Co. is preparing to allow its clients to invest in an “actively-managed” bitcoin fund, according to CoinDesk. “The JPMorgan bitcoin funding could roll out as soon as this summer,” per the report. “Institutional bitcoin shop NYDIG will serve as JPMorgan’s custody provider.” This fund would reportedly only […]
Bitcoin’s On-Chain Market Cycles This article is a collaboration by Glassnode and Bitcoin Magazine to introduce Bitcoiners to the world of on-chain analysis. Our aim is to simplify, demystify and improve access to on-chain data, helping you take the first steps into using these powerful new tools. Bitcoin is a […]
President Joe Biden is considering raising the U.S. capital gains tax rate by nearly double for the wealthiest Americans to pay for agenda items, according to Newsweek. Naturally, any raise in capital gains taxes would have significant impact on bitcoin investors that have seen the value of their assets rise […]
Following the collapse of two local cryptocurrency exchanges and new regulations banning cryptocurrency-based payment services, the Turkish government is now reportedly planning to institute new measures to serve as a custody middleman for cryptocurrency investors. “The government is planning to establish a central custodian bank to eliminate counterparty risk following […]
Correction, April 22, 2021: This article originally stated that Grayscale had added $283.3 million in bitcoin to the Grayscale Bitcoin Investment Trust. It has been corrected to reflect that Grayscale added $283.3 million in assets under management. Grayscale has added $283.3 million in assets under management (AUM) to its premier […]
Flex Yang is the CEO of Babel Finance, a leading cryptocurrency financial services provider based in Asia. What Are Some Key Factors In “Winning” The Global Hash Power War? In 2021, the bitcoin market is surely reaching an inflection point, as its market cap surpassed $1 trillion. Bitcoin’s ecosystem has […]
Over the last 24 hours, bitcoin’s price has dropped by approximately 9% as more than $1,000,000,000 of leveraged bitcoin long positions have been liquidated across various exchanges. Liquidated long positions over the last 24 hours The pullback over the last 24 hours is a continuation of a move that started […]
Months after the Central Bank of Nigeria (CBN) released a letter banning regulated institutions from dealing with bitcoin in February, there has been a 27% increase in peer-to-peer (P2P) bitcoin trading in the country, according to data from analytics platform UsefulTulips. The ban came as a follow-up to a previous […]
Below is the definition of the Consumer Price Index (CPI) by the U.S. Bureau of Labor Statistics: “The CPI represents changes in prices of all goods and services purchased for consumption by urban households. User fees (such as water and sewer service) and sales and excise taxes paid by the […]
Amid a historic level of liquidation for bitcoin over the weekend, NYDIG, a bitcoin-focused investment manager, worked to acquire more bitcoin, according to a recent email sent to its subscribers. NYDIG’s Global Head of Research Greg Cipolaro explained in the email how it believes “the root cause of the sell-off […]