Bitcoin

It appears that Grayscale Bitcoin Trust (GBTC) has not managed to hit a bottom yet because last Friday saw the shares of the biggest Bitcoin fund in its history shed 35.18%. With shares of GBTC, investors are able to trade shares of trust that have accumulated bitcoin and every share tracks the price of the world’s top cryptocurrency. The aim is to provide traditional investors with crypto exposure without them having to actually buy and hold bitcoin on their own. The GBTC Since the trust was launched back in September 2013, it has been traded at a high premium historically…

JPMorgan has recently made a statement claiming that the demand for cryptocurrencies has been falling as a payment method/tool. Crypto Losing Traction as a Payment Method The investment division of JPMorgan, one of the largest payments entities in the entire world has made a claim about cryptocurrencies. Takis Georgakopoulos from the investment banking division of JPMorgan has claimed that they are seeing a constant demise in demand for cryptocurrencies as a payment method. It was during an interview that Georgakopoulos made the claim suggesting that the cryptocurrencies no longer have the same popularity they had until late 2021. Statement by…

The chief executive and founder of crypto exchange Binance, Changpeng (CZ) Zhao, recently announced that the exchange will be opening an office in Romania. The CEO visited the country and had a meeting with some of the high-ranking officials in Romania. He emphasized the intentions of the crypto exchange in expanding its operations in Eastern Europe. Romania office The largest crypto exchange in the world because of its trading volume, Binance will now be setting up a local office in Romania. The CEO made the announcement while he was staying in Bucharest, as part of his tour of the region.…

According to Nasdaq, an increase in demand has been recorded for digital assets amongst institutional investors due to which it has launched ‘Nasdaq Digital Assets’. The new crypto unit will initially provide institutional investors with custody solutions for both ether and bitcoin. Crypto unit The second largest stock exchange in the world, Nasdaq made an announcement on Tuesday about launching a new unit that has been named Nasdaq Digital Assets. The name makes it apparent what market it will focus on and the announcement said that an institutional-grade custody solution will be introduced under the new unit. It said that…

The Better Business Bureau (BBB) recently issued a warning about cryptocurrency scams happening on Tiktok. The BBB said that many people were coming across videos on Tiktok showing a pile of cash and they are informed by the creator that they were able to make it in just a couple of days via crypto investments. BBB’s warning On Friday, the BBB warned that the popular video-hosting website, Tiktok, was being increasingly used for running crypto scams. The Better Business Bureau was established in 1912 and is a nonprofit private organization that assists people in finding brands, businesses, and charities they…