The Coinbase Bitcoin Premium Index has extended its record-breaking negative streak to 90 consecutive days, CoinGlass data shows. According to data from CoinGlass, the index has remained below zero from May 19 through August 16. The latest reading stands at -0.1066%. This makes the current run the longest period of consecutive negative readings since the
David Tait, CEO of the World Gold Council, made radical statements about the cryptocurrency world while appearing as a guest on David Lin’s channel. Tait stated that his personal opinion on Bitcoin is “to go to zero,” and criticized the leading cryptocurrency’s high correlation with risky assets. Nevertheless, Tait, who offered market advice to investors,
You earn a very small amount of interest when you let banks hang onto your money, and bankers contend that letting crypto platforms pay you more just for holding stablecoins would throw the U.S. economy into danger. That argument may have contributed to fatally derailing the Senate’s Digital Asset Market Clarity Act. Even after a
A pair of financial institutions managing more than $1 trillion each approved crypto products this summer, a shift Bitwise CEO Hunter Horsley says shows large firms are expanding crypto access even during a bear market. “This year everyone just put on the crypto jersey,” Horsley said during an interview with CoinDesk. “Everyone works for crypto
Bitcoin [$BTC] was flowing into exchanges even as the leading crypto’s price threatened to fall below $62k. Major platforms such as Binance, Kraken, and Bitstamp have seen sizeable coin inflows. Source: CryptoQuant The Binance reserve rose from 662k to 671.6k $BTC, a 1.45% increase in a week. Kraken saw a 3.48% weekly increase in exchange
Strategy Chairman Michael Saylor published an annual performance report on digital credit instruments under the Strategy brand on his social media accounts, showing investors a striking divergence between the performance of the company’s structured products and the price action of the leading cryptocurrency. According to the infographic, while “raw” Bitcoin plunged 47% over the past
Saylor Frames Bitcoin as a Technology for Preserving Economic Value Strategy Inc. (Nasdaq: MSTR) Executive Chairman Michael Saylor on Aug. 15 described bitcoin as an engineering solution for storing and transferring economic value, extending his long-running argument that the asset should be understood as monetary technology rather than only a cryptocurrency. In his “What Is
The university’s endowment kept its $101 million position in BlackRock’s bitcoin ETF unchanged in Q2, following a 43% reduction the quarter before. Harvard’s endowment did not adjust its bitcoin exchange-traded fund holding during the second quarter, according to filings reviewed by The Block and CryptoBriefing. The position, held through BlackRock’s spot bitcoin ETF, was valued
What Happened? The BIP-110 faction broke from the main Bitcoin network and managed to grind out a microscopic four-block chain tip. That would normally kill a fork cold, but BIP-110 proponents have another escape route: ditch the minority chain’s crushing SHA-256 difficulty by replacing its PoW cryptographic hash function entirely. Word on the street is