GrayScale buys $ 709 million in bitcoin and atrium in less than a month

GrayScale buys $ 709 million in bitcoin and atrium in less than a month

In recent weeks, Grayscale has added millions of dollars of Bitcoin and Atrium to its digital currency portfolio.

According to Bybt, the institute added 7280 bitcoins worth $ 348.28 million and 240,000 atriums worth $ 361.5 million to its total assets between February 1 and February 26. In total, Grayscale increased the value of its GBTC and ETHE funds by $ 709.2 million this month.

Bybt data show that the number of Gayscale bitcoins increased from 648470 bitcoins on February 1 to 655750 bitcoins on February 26.

Also in the Atrium Fund (ETHE), assets rose from 2.93 million atriums on February 1 to 3.17 million atriums on February 26.

This Grayscale investment brings the total value of the assets managed by the institution to $ 35.38 billion.

By 2020, assets under the management of the Grayscale Bitcoin Trust will increase from $ 1.8 billion to $ 17.5 billion.

While Bitcoin and Atrium are the institution's largest portfolio assets, other funds use cryptocurrencies such as Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), Zcash (ZEC). , Horizen (ZEN), and Stellar (XLM) are also available.

In addition, in January, the institute announced the registration of other altcoins. These assets include Aave (AAVE), Cardano (ADA), Cosmos, (ATOM), EOS (EOS), Monero (XMR), Uniswap (UNI), and Polkadot (DOT).

The story of Bitcoin purchase by Bainance CEO: "I have never sold and I have done well so far"

  

The story of Bitcoin purchase by Bainance CEO: "I have never sold and I have done well so far"

Changpeng Zhao, CEO and founder of the world's largest digital currency ecosystem, Bainance Exchange, told his followers on his Twitter account the story of buying his first bitcoin.

Amid the sharp bitcoin price boost that has severely reduced Microstrategy shares, Michael Saylor, CEO of the company, spoke about investment myth Peter Lynch and author of One Up on Wall Street. In this statement, he rejected and rejected the efforts of many investors to buy at the price floor, with any correction in the market.

"More money has been lost by investors who prepared for or tried to anticipate the price correction than by the price correction itself."

Michael Saylor extended these words to Bitcoin. Peter Lynch, meanwhile, made the remarks long before digital currencies were accepted in society.

At the same time, CZ, CEO of Bainance Exchange, decided to further prove Lynch's law. He told the story of buying his first bitcoin seven years ago for $ 400.

In response to Michael Saylor's tweet, he wrote:

"I bought Bitcoin in 2014 at an average price of $ 600. I have seen many price corrections but I have never sold my bitcoins and I have done well so far. "This is not an economic recommendation."

He noted that after he bought Bitcoin, the price of Bitcoin fell to $ 200 and remained at that level for several months. He therefore recommends that all traders modify their trading time form to analyze the price of Bitcoin.

CZ was also one of the first supporters of the Laser Eye Challenge on Twitter. The challenge is for people to change their profile picture to laser eyes until the price of Bitcoin reaches 100,000 dollars. After him, many celebrities and politicians joined him and changed their photos.

The challenge has not been successful so far, and Bitcoin faced a 23 percent price correction and $ 5.4 billion in liquidation on February 22nd.

US companies have bought 13,000 bitcoins for $ 48,000 at Coinbase

US companies have bought 13,000 bitcoins for $ 48,000 at Coinbase

Ki Young Ju, chief executive of data company CryptoQuant, announced on Twitter that 13,000 bitcoins had left the US exchange Coinbase.

He said the bitcoins had been bought by US financial institutions and that they were buying more and more bitcoins, despite the recent price correction.

At an average price of $ 48,000 per bitcoin, the value of the 13,000 bitcoins purchased is about $ 624 million.

He mentioned in the tweet that he bought $ 624 million worth of bitcoins and said that with the price of bitcoins reaching $ 51,000, the value of their purchase reached $ 668,244,200, which gave the owners of these bitcoins a profit of $ 42 million in just a few The clock is given.

He called the purchase a very positive signal for Bitcoin.

Tweet translation:

"13,000 bitcoins left the Coinbase exchange in just a few hours. These bitcoins appear to have been transferred to several Custody wallets. US corporate investors are still buying bitcoin for $ 48,000. This is the strongest bullish signal I have ever seen. "

As previously reported on the Holakouee Academy website, Coinbase's large exchange stock is to be listed directly by the US Securities and Exchange Commission.

The stock will be traded on Nasdaq under the COIN subset. Strangely enough, in the S-1 form of this exchange, Satoshi Nakamoto is mentioned as the designated recipient of this exchange.

The exchange also revealed that it has used bitcoin and other digital assets in its financial accounts since 2012.

The price of Bitcoin has reached $ 51,000 with the announcement of the listing of the exchange's shares in the US stock market.

An overview of the cryptocurrency market Wednesday, February 24

An overview of the cryptocurrency market Wednesday, February 24

After another volatile day, BTC was able to recover some of its lost value today and trade at $ 50,000. Most alternative coins have also breathed a sigh of relief, and the value of the cryptocurrency market has risen by more than $ 130 billion.

Bitcoin once again touched $ 50,000

It can be said with confidence that BTC is having better days than in the last 96 hours. The cryptocurrency recently set a new record at $ 58,400, but the bears did not allow the price to rise further, pushing Bitcoin to more than $ 13,000, hitting $ 45,000.

Yesterday, the market's top cryptocurrency was initially close to $ 50,000, but adverse price movements pushed the asset back to $ 47,000.

Since then, BTC has improved somewhat. The price of Bitcoin even reached $ 51,500, but is now trading at around $ 50,400 with a slight decrease.

If Bitcoin can successfully overcome the resistance of $ 50,000, then it will face significant resistance at $ 51,500 and $ 52,000. If the price falls again, levels of $ 48,000, $ 47,000 and $ 44,750 could help the currency.

Altcoins trying to recover the price

In the latest market corrections, most replacement coins fell even more than BTC. Atrium fell below $ 1,400 from its $ 2040 record. However, ETH did not fall below its record price floor and is now trading at around $ 1650.

Binance Coin The Binance Coin also fell sharply to around $ 200 but has since risen to $ 270. Polkadat (1.5%) and China Link (2%) have also turned green in the last 24 hours.

In contrast, Ripple (-7%), Light Coin (5%) and Bitcoin Cash (-5%) are still losing value.

Stacks (31%), THORChain (25%), Phantom (25%), UNUS SED LEO (22%), Solana (-17%), Compound (15%), Terra (12%), THETA (11%) And Aave (10%) are among the less valuable market currencies that have seen significant growth today.

As a result, the cumulative capital of the cryptocurrency market also returned somewhat from yesterday's low, rising $ 130 billion to $ 1.51 trillion.

An overview of the cryptocurrency market today Tuesday, February 23

An overview of the cryptocurrency market today Tuesday, February 23

In the last 24 hours, we have once again witnessed the emergence of a very unstable nature of the crypto market. Bitcoin has pioneered this trend with a significant drop of $ 11,000. Most of the alternative coins also went downhill, eventually losing more than $ 260 billion in cryptocurrency.

Bitcoin falls again to 50 thousand dollars

A popular saying in the cryptocurrency market is "this market is never stagnant or boring." Now, in the last 24 hours, the term has become more prominent, but this time with a negative aspect. Bitcoin had recently reached its highest price at $ 58,400, and although everything seemed quite bullish for this asset, the situation changed completely within a few hours.

BTC lost about $ 11,000 in 24-hour timeframes, reaching a daily low of $ 47,500. Shortly after the massive decline, the cows took control of the market, bringing the cryptocurrency to $ 55,000.

However, Bitcoin failed to sustain this improvement and once again fell below $ 50,000. At the time of writing, the market's top cryptocurrency is being reconsidered and is currently trading at $ 47,920.

Finally, the bitcoin market capitalization fell by more than $ 100 billion in one day, reaching below $ 1 trillion.

Sea of ​​Blood in the Altcoins Market

As in the past, the price correction trend in the Altcoin market is more intense than in Bitcoin. Atrium dropped more than 15 percent in 24-hour timeframe to $ 1,600. Due to the fact that the price of this leading currency was more than $ 2040 in just a few days, following this fall, Ether (ETH) has lost more than $ 400 in a few days.

Bainance Quinn, which recently hit a new record at around $ 350, also fell to $ 235. Polkadot (-8%), Cardano (-5%), Ripple (-12%), Litecoin (-15%), Chainlink (-17%) are all red today.

The highest price drop today in Altoquins such as Dodo (-25%), Elrond (-24%), Siacoin (-23%), IOST (-23%), 1inch (-23%), Ontology (-22%) , Aave (-20%), Curve Dao Token (-20%), Waves (-20%), and BitTorrent (-20%).

As a result of recent price movements in the crypto market, the total value of the crypto market has fallen by more than $ 260 billion to $ 1.5 trillion.

Ripple proved that the SEC did not warn them about the "securities" of the XRP currency

Ripple proved that the SEC did not warn them about the "securities" of the XRP currency

During a pre-trial conference between Ripple and the Securities and Exchange Commission (SEC), Matthew Solomon, who represented Ripple CEO Brad Garlinghouse, claimed that in the countless discussions that took place during the year In 2019, the SEC did not inform exchanges about the status of XRP "securities".

We have found findings that show that in 2019, the SEC had complex discussions with key market players such as exchange offices and apparently did not inform them at the time that the currency XRP is considered as a securities or investment contract. "Once again, as the case progresses, it becomes clear that the XRP currency cannot and will not be considered a security."

Ripple executives want to end the complaint!

Garlinghouse also filed a petition at the previous conference to close the lawsuit.

His lawyer at the conference denied Garlinghouse's involvement in Ripple's sales program. This charge is one of the main parts of the SEC complaint. The lawyer insists that his client did not know that XRP currency could be considered an investment contract.

Another former Ripple CEO, Chris Larsen, is represented by Paul Weiss’s Martin Flumenbaum. He also claimed that his client also requested that the case be closed.

SEC ready to attack Ripple!

Jorge Gerardo Tenreiro, Jon Daniels and several others represent the SEC. They insist that Ripple offered and sold the XRP currency as an investment contract.

The legislature warned federal judge Analisa Torres that it was likely to respond to Ripple's defenses.

In response, Ripple's lawyer, Andrew J. Ceresney, accused the company of trying to prevent the truth from being discovered.

An overview of the cryptocurrency market Monday, February 22

An overview of the cryptocurrency market  Monday, February 22

After the last bitcoin price record of about $ 58,000, the currency returned to the $ 55,000 floor with more than $ 3,000 correction. Most replacement coins also lost some value, and Atrium fell below $ 1,900.

$ 3000 Bitcoin drop

The first cryptocurrency on the market had a very positive week, with the stock rising more than $ 12,000 in the past few days, from a record low of $ 46,000 to several consecutive records. The last record was set yesterday after BTC reached $ 58,400, which is currently the highest price level in the history of this currency.

However, the bears took action at this stage and did not allow the currency to rise further. Thus, within a few hours, Bitcoin lost more than $ 3,000 in value and reached $ 55,000.

However, BTC has recovered some of that lost value and is currently above the $ 56,000 mark.

Technical indicators show that if the price continues to improve, Bitcoin could gain more support at the levels of $ 55,000, $ 52,365 and $ 50,800. Instead, BTC must cross the $ 57,500 and $ 58,350 resistance lines before entering a new unknown territory.

Atrium below $ 1900 and Ripple jump to $ 0.60

Most large altcoins have started a correction process again in the last 24 hours. Atrium, which hit an all-time high of $ 2050 on Saturday, has lost about $ 200 since then and is currently trading below $ 1,900.

Polkadat has also seen a 2% decline in the last 24 hours. Cardano (5%), LightQueen (1%) and China Link (4%) are all red today.

Binance Quinn reached $ 280 after a 6% increase and partially offset yesterday's loss. However, Ripple rose 20 percent to above $ 0.60 and showed the best performance.
As usual, lower market value altcoins have seen more volatility. The Pundi X went green today with a 53% increase, followed by IOST (48%), Fantom (40%), Holo (35%), OKB (30%), BitTorrent (22%) and Terra (18%). ) Placed.

In contrast, Ontology has lost most of its value (-12%) since yesterday. SushiSwap (-12%), Ravencoin (-11%), Horizen (-11%), 1inch (-11%), THORChain (-10%) and Uniswap (-10%) are also in the next ranks. .

An overview of the cryptocurrency market Sunday, February 21

An overview of the cryptocurrency market Sunday, February 21

The currency calmed down to about $ 56,000 after the last bitcoin price hit a record high of $ 57,500 and then reached $ 54,000 with a sharp correction. Most replacement coins have also been declining over the past 24 hours.

Bitcoin settles at $ 56,000

Last week was a good week for the market's top cryptocurrency as it was able to offset the loss from the recent fall of $ 46,000. In the following days, the asset set a new record with a price increase of more than $ 11,000.

These developments led to the beginning of the last significant rally of this currency. The uptrend started at $ 55,000 and ended at levels above $ 57,500.

As is sometimes the case in the world of cryptocurrencies, this record was followed by a sharp drop in price to $ 54,000 in most cryptocurrencies, but Bitcoin managed to get out of this correction immediately and is now priced at around It will be traded for 56 thousand dollars.

The market value of the BTC mark has remained at $ 1 trillion, while the dominance of this asset in the market has slightly increased to 61.5% because most altcoins have turned red in the last 24 hours.

Blood bath in the Altcoins market

Over the past few days, most Altcoins have begun to grow; Of course, none of them may have grown as significantly as Baines Coin (BNB). The cryptocurrency gained three-digit growth in the last seven days, setting a new record at around $ 350. It is interesting to know that less than a month ago, BNB was trading at $ 40!

Yesterday, the local currency of Bainance Exchange started a corrective process and lost almost $ 100 of its value and reached $ 260. Atrium fell 4 percent after failing to close its daily candle above the $ 2,000 milestone. Ripple (7.5%), Light Coin (8-%) and Bitcoin Cash (8-%) are also red.

Polkadat reached a new record above $ 40 yesterday and for a short time even replaced the BNB among the top 3 currencies in the market, but has since stopped and is now trading below this level. Cardano (ADA) also rose 6 percent to $ 1.12.

However, on the 24-hour UNI scale, with a 25% increase, it saw the largest price increase among high-value altcoins. As a result, the Uniswap dominance token hit a record high of $ 32 earlier today. Thus, this asset became the twelfth largest cryptocurrency in terms of market value.

The situation has been slightly better between lesser-valued altcoins. The Pundi X tops the list with a 55% price increase, followed by Flow (20%), Voyager (19%), BitTorrent (17%) and Ontology (14%).

Quant, on the other hand, had the biggest price drop of 13 percent. Ren (-11%), Solana (-9%), Monero (-9%) and EOS (-9%) are next.

Tesla's $ 1 billion profit from investing in Bitcoin

Tesla's $ 1 billion profit from investing in Bitcoin

Tesla (NASDAQ: TSLA) made about $ 1 billion last month by investing in bitcoin.

Dan Ives, an analyst at investment firm Wedbush Securities, said Tesla was on track to make more money from its investments in Bitcoin than from its 2020 EV sales.

Ives and his team believe that other state-owned companies will follow Tesla in this speculative game.

"We still expect less than 5% of companies to follow this path until more cryptocurrency targets are established," he said. Clearly, it is clear that acceptance is higher in 2021, and we believe that this will have a significant impact on blockchain, payments, banks and more.

The former head of the SEC described the lawsuit against Ripple as a "wrong death"

The former head of the SEC described the lawsuit against Ripple as a "wrong death"!

Former SEC Chairman Mary Jo White, in support of Ripple against the regulator, described the SEC's conduct as a "wrong death." The SEC filed a formal complaint against Ripple Labs and two of its directors in late December. The lawsuit alleges that Ripple Laboratories sold unregistered securities, prompting most US exchange offices to announce that they would remove XRP from their platform. White stated:

"As a former U.S. attorney and president of the SEC, you know that if a case takes a long time to process, you probably should not raise it."

The SEC petition divided the cryptographic community into two categories, with a significant number opposing the petition and a significant number even agreeing. In addition to White, another SEC member, Hester Pierce, expressed similar concerns about the lack of transparency in cryptocurrency regulations and the SEC petition.

Ripple is looking for an ascending defeat!

The SEC lawsuit against Ripple had a devastating effect on the price of XRP after it was removed from several exchanges, causing it to lose most of its profits during the year and fall to a three-year low. However, while everyone believed the lawsuit would eliminate XRP trading in the United States, the altcoin recovered to $ 0.56.
By the time the bull flag pattern on the 4-hour chart is confirmed, Ripple is preparing for a defeat. Keeping the price above $ 0.5 is still the key to uptrend.

The Altcoin seems to have made up for most of its losses following the SEC petition and is now embarking on another pre-litigation move.