Bitcoin investment fund opens doors to EU citizenship

A new fund offers a way to gain citizenship in Portugal by indirectly investing over $500,000 into Bitcoin.

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Corporate adoption is in amateur league despite Bitcoin ETFs

Corporations could pave the way toward more mainstream crypto industry trust, according to the co-founder of Trust Square.

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Bitcoin investment inflows hit $1B as long-term holders accumulate

Inflows to crypto Bitcoin funds top $1 billion as BTC price remains stuck in a range below all-time highs.

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Strong Bitcoin ETF inflows boost BTC stability, says Bitfinex

The Bitcoin ecosystem recorded consistent high daily closes, massive BTC outflows from crypto exchanges and inflows into the spot Bitcoin ETF market.

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Grayscale Bitcoin ETF nullifies $66.9M inflows in 2 days

Grayscales Bitcoin ETF saw substantial investment outflows that surpassed the $66.9 million it had attracted just a few days earlier.

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Alabama Moves Toward Bitcoin Investment with New Bill

HB482 concerns Bitcoin investments in Alabama. With bipartisan support, the bill would give the state a lead in cryptocurrency adoption and blockchain innovation.

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Bitcoin Firm Coinbits Suspends Operations Amidst Custodian Prime Trust’s Financial Woes

The cryptocurrency firm and bitcoin investment app, Coinbits, has announced the suspension of its services due to complications involving the Nevada-based custodian, Prime Trust. Following accusations of insolvency and breaches of fiduciary responsibilities, Nevada’s financial regulators mandated the closure of Prime Trust. Despite these challenges, Coinbits maintains confidence that the custodian “still has enough bitcoin [...]

The post Bitcoin Firm Coinbits Suspends Operations Amidst Custodian Prime Trust’s Financial Woes appeared first on Crypto Breaking News.

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Gold vs. Bitcoin: This investment protects you better in the coming financial crisis!

Should you buy gold or bitcoin right now to protect your wealth? Let's take a look at Gold Vs. Bitcoin in more detail.

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Bitcoin or Stocks – Where to invest your Money TODAY?

In this article, we examine the benefits and drawbacks of Bitcoin and stocks, as well as the types of investors that should invest in each.

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Grayscale launches dividend-earning bitcoin investment product

As the cryptocurrency industry navigates the latest leg of the market downturn, leading digital assets platform Grayscale is offering a new investment product for the market.

The company’s crypto news published today 6 October announced a private co-investment vehicle that will leverage opportunities in the bitcoin mining industry.

Grayscale has unveiled a product that will offer investors exposure to bitcoin mining hardware – with the target being to tap into the upside potential of the mining sector.

The digital asset manager’s new product is packaged under the Grayscale Digital Infrastructure Opportunities LLC, or GDIO.

“Grayscale’s unique position at the center of the crypto ecosystem enables us to create offerings that allow investors to put capital to work through differing market cycles.”

According to Sonnenshein, the launch of GDIO is part of Grayscale’s long term commitment to providing the market with products that help lower the barriers to crypto investing. The firm already offers direct exposure to digital assets and diversified thematic products, with the GDIO’s offering the latest to hit the market.

Grayscale is partnering with Foundry, a staking infrastructure platform that’s, like Grayscale, a subsidiary of bitcoin and blockchain-focused venture firm Digital Currency Group.

Foundry will help GDIO manage its day-to-day operations, with investors’ money used to purchase mining equipment. The platform will then use the mining hardware to mine bitcoin via its USA pool. Investors will then be eligible to get a cash dividend of the earned BTC, Sonnenshein told Yahoo Finance.

The product will be available to qualified individual and accredited institutional investors, including hedge funds, family offices and others not able to access direct crypto exposure.

The post Grayscale launches dividend-earning bitcoin investment product appeared first on Invezz.

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Top 3 Reasons why is Bitcoin a Good Investment for the Future

What are the key reasons for the extremely good Bitcoin forecast? Let's look at the reasons as to why is Bitcoin a good investment.

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Crypto Fund Inflows Recovered, But Whales Are Back to Exchanges

Digital asset investment products are seeing slight inflows after the consequent 3-week pull back.

Continue reading Crypto Fund Inflows Recovered, But Whales Are Back to Exchanges at DailyCoin.com.

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Crypto Funds Recovered, But Whales Are Back to Exchanges

Digital asset investment products are seeing slight inflows after the consequent 3-week pull back.

Continue reading Crypto Funds Recovered, But Whales Are Back to Exchanges at DailyCoin.com.

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World’s Largest Asset Manager BlackRock Launches Spot Bitcoin Private Trust

After announcing it would enable bitcoin trading services, $10 trillion BlackRock now offers spot bitcoin exposure to institutions in a private trust.

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Bitcoin Drops To 18-Months Lows, Has The Market Seen The Worst Of It?

Bitcoin is once again leading the market in the most recent descent into the red. This has seen the pioneer digital asset fall to 18-month lows and it has taken the rest of the market down with it. In such climes, it is usually advised that investors remain calm but that is easier said than done. Bitcoin which looked poised to visit the mid-2020 levels has not formed any kind of support and as such the market continues to wonder if the worse is yet to come. More Bitcoin Dumps Incoming? With the current bitcoin prices, it is now well below its 50 and 100-day moving averages. This has cemented the bearish trend for the digital asset, regardless of any positive performance over the next few days. In fact, there is every possibility that the price of the digital asset will most likely dump to 2017 all-time high levels before there is a recovery in this regard. Related Reading | Bitcoin Decline Sees Funding Rates Plunge To Three-Month Lows It is also important to note that it was said that the cryptocurrency had been at oversold levels, hinting at fatigue on the part of sellers. However, recent trends have shown that this was not the case. Rather, it had been a setup for even worse sell-offs.  Due to this, it is most logical to view the market from the point of view of a prolonged bear market. Yes, there may be some merit to buying the red right now but if previous bear markets have taught investors anything, it is the fact that it can always get worse. BTC price dumps to $23,000 level | Source: BTCUSD on TradingView.com Also taking into account that previous bear markets have seen the price of the leading digital assets dump about 90% in the past. Even with the recent decline, Bitcoin and Ethereum still remain above these levels. This means that if they were to dump completely to follow previous trends, then there might be more pain ahead for investors. Investor Sentiment In the Gutter With the decline in the price of bitcoin had come great fear. This has seen the Fear & Greed Index dip toward historical levels. The reading on the index currently stands at 11, one of the lowest it has been in recent times. This indicates that investors do not want to put money in the market. Instead, they are looking to sell off, even at a loss, to mitigate further losses.  One thing to note, however, is what times like these have bred in the past. When most retail investors are scared to go into the market, larger investors tend to take advantage of this fear and play it for their own gain. Buying up large quantities of BTC, causing the price to spike once more. Related Reading | Bitcoin Open Interest Falls As Price Dips Below $31,000 This puts the whales in automatic profit. But there is also a risk to following these trends because the spike in price brought about by such large buys can be easily lost. In such cases, prices have been known to decline even more compared to their previous points. In markets like this, caution needs to be applied to every move made. This is the bedrock of any investing strategy. Bitcoin’s volatility is legendary and true to form, the volatility can swing either way, causing profits or losses. Featured image from Forbes, chart from TradingView.com Disclaimer: The following op-ed represents the views of the author, and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and financial freedom alike. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

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Argentine Banks Offer Cryptocurrency Purchase and Investment Options

Banco Galicia and Brubank, will allow its clients to make investments in Bitcoin and other cryptocurrencies.

Continue reading Argentine Banks Offer Cryptocurrency Purchase and Investment Options at DailyCoin.com.

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10 Best Metaverse Crypto Coins To Invest In 2022

Indeed, by the end of 2021, Metaverse crypto coins had been among the highest performing cryptocurrencies. Some of them produced profits of up to 10,000% in a single year. With so many optimistic expectations around the Metaverse, there is every reason to believe that Metaverse coins will beat the market this year. The buzz of […]

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Institutional crypto funds see largest capital inflows for 3 months

The data from CoinShares shows a weekly inflow of $193 million, with more than half of that figure going to Bitcoin alone. Solana is also getting attention and broke a record in the process.

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Bitcoin Whales Take Advantage Of Market Crash To Gobble Up Millions In BTC

The bitcoin crash rocked the market to its core when the digital asset had lost over 50% of its all-time high value to bottom out at $33,000. It was as a result of market sell-offs across the financial space, sparking a ripple effect that was felt heavily in the crypto market. Market sentiment had crumbled during this time as investors had scrambled to sell their holdings. However, not everyone saw the declining prices as a signal to sell before prices tank even more. Whales, who control a large portion of the circulating supply, took this as a cue to buy and have been filling their bags with all of the bitcoin being dumped on the market by panicking investors. Whale Gobbles Up Traded Bitcoin In a report from CC15Capital, the trading activities of a whale are outlined. In what came out to be a long document, it shows that the whale had been purchasing tens of thousands of bitcoin every few hours while traders dumped their coins. CC15Capital which is an asset allocator tracked the wallet and discovered that a single bitcoin wallet had been purchasing millions of dollars worth of bitcoin. Related Reading | Market Sentiment Crumbles As Sell-Offs Drags Bitcoin To $33,000 In the event of the past week’s price crash, this single whale had accumulated millions in bitcoin. Each purchase ranged from $2 to $18 million worth of BTC every few hours, averaging 48,000 BTC per purchase. It looked like the whale was buying up all coins being dumped on the market. By the weekend, the wallet had successfully increased its holdings by a couple of hundred thousand BTC. The more the price dropped, the more bitcoin the whale bought. BTC trading above $36k | Source: BTCUSD on TradingView.com CC15Capital, in response, called for bitcoin investors to stop dumping their coins, which are being bought by whales, thereby increasing the concentration of bitcoin supply in the hands of large investors. Stop panic selling your #Bitcoin to this guy. He’s been buying $2-18 million worth every few hours. pic.twitter.com/eCE3UKXEfD — CC15Capital (@Capital15C) January 24, 2022 Tradable BTC On The Decline CC15Capital also noted that the volume of bitcoin that is available for sale has gone down. Currently, 14.5 million of the total bitcoin supply is illiquid. This means that this supply has not moved, neither have they been traded. It is the highest concentration of supply which looks to be held for the long-term. In the same tweet, the asset allocator explains that if the wallets holding this illiquid supply were to increase their holdings by a mere 27%, a total of 4 million BTC, there would be no coins left for sale, driving the supply to zero. #Bitcoin illiquid supply (not traded) is at 14.5 million. If those who #HODL the 14.5 million Bitcoin, would increase their holdings by 27%, or 4 million $BTC, there would be exactly 0 remaining coins available for sale. Keep buying and HODL. Law of supply/demand will prevail. pic.twitter.com/RUb6gHSif6 — CC15Capital (@Capital15C) January 24, 2022 Related Reading | Has Bitcoin Reached Its Bottom? Analyst Says It Still Has A Long Way To Go Other whales have also taken advantage of the sell-offs happening in the market. As the exchange supply is dwindling, these large investors are making sure there is no shortage on their end when a supply squeeze happens. This is how you buy $1 Billion in #Bitcoin in 2 months. From $0 in November 2021 to over $1 Billion now. When you panic sell your $BTC, this is one of the guys buying it. Buy, #DCA and #HODL. pic.twitter.com/fmjpCFjCEI — CC15Capital (@Capital15C) January 25, 2022 In two months, a whale wallet that had zero BTC in November has managed to gather an impressthatalance of over $1 billion in BTC. This account looks to have started buying with the crash and has continued to do so ever since. At the time of writing, the wallet balance sits at $1,013,777,643.51. Featured image from TokeneoBit, chart from TradingView.com

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I Only Hold 1 Bitcoin, Real Vision CEO Raoul Pal Reveals

Millionaire investor Raoul Pal has revealed how much he owns of bitcoin, a cryptocurrency that he has been known to actively promote in the past. In what was a shocking revelation, the CEO and founder of Real Vision posted his bitcoin holdings on Twitter, which turned out to be lower than everyone’s expectations. Pal disclosed that he only owned a measly 1 bitcoin. Why Does Raoul Pal Only Own 1 Bitcoin? The CEO got into a heated Twitter argument with Greg Foss after Foss insulted Pal. In a response to another user who defended the CEO saying they liked him, Foss explained that he was “just calling out the BS.” This is where Pal came into the conversation demanding to know what exactly it was that Foss was accusing him of as he’d like to know. Related Reading | Bitcoin Millionaires Are Flocking To This North American Tax Haven. But What Do The Locals Think? Foss continued on to explain that he did not agree with Pal promoting his trading mechanism to other traders who were less inclined to understand how it worked, pointing towards bond math. Pal however disagreed with Foss’s assessment, stating that he did not hold his views on bonds as a philosophy, rather just a mechanism which he uses to trade. The argument continued on, eventually culminating in Pal stating how much bitcoin he owned, which it turns out is a single bitcoin. The founder and CEO of Real Vision explained that it was because of the bitcoin community’s approach to inclusion that led to this decision. Pal lamented the exclusion of others from the space who happen to share a different viewpoint from the accepted majority. BTC price recovers above $43,000 | Source: BTCUSD on TradingView.com “This is why I hold only one bitcoin, the community has lost sight of inclusion and you sir, are helping reduce the network effects by excluding people who don’t share your view from the network,” said the CEO. It eventually ended with Greg Foss conceding and acknowledging he was wrong to have attacked Pal in the first place. In a separate tweet, Foss tendered an apology to the CEO, stating that he regretted his actions. Some times you pick a fight with the captain of the opposing team (cuz u are fed up and want to brawl) That is rarely a smart move. Tonite I chose that path and I regret my actions. I apologize to @RaoulGMI I made a rookie error. We have bigger battles to fight. GF — Greg Foss ???? (@FossGregfoss) January 20, 2022 Not Completely Out From Crypto Despite his views on the bitcoin community, Raoul Pal has not entirely ruled crypto. Even bitcoin has not been completely ruled out as evidenced by his tweet stating that he does own one BTC. However, Pal has moved on to other things in the crypto space. Given his comments not too long ago, the CEO is now more bullish on ethereum compared to bitcoin. Related Reading | Bitcoin Implied Volatility Plummets To Pre-Bull Market Levels: What This Means Pal noted back in November that he expected ethereum to continue to outperform bitcoin given its performance in previous months. The millionaire investor still holds a well-rounded bullish view on bitcoin but expects ethereum to be the better investment of the two going forward. A month before this, Pal had received that he made the biggest personal position of his life in ethereum. He explained that he is long the digital asset which he placed at the $20,000 mark by the second quarter of 2022, less than six months away from now. Featured image from iGaming.org, chart from TradingView.com

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