Day: January 23, 2021

BlackRock Gives 2 Funds Go-Ahead to Invest in Bitcoin Futures

BlackRock, the world’s largest asset manager with $7.81 trillion under management, appears to have granted at least two of its funds the ability to invest in bitcoin futures. Prospectus documents filed with the U.S. Securities and Exchange Commission Wednesday indicate that BlackRock Global Allocation Fund Inc. and BlackRock Funds V are at least eyeing bitcoin. […]

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Jim Cramer Tells $731M Powerball Winner to Put 5% in Bitcoin

Stock-picking personality Jim Cramer recommended the unknown Maryland-based winner of Wednesday’s $731 million Powerball jackpot allocate 5% of his or her newfound fortune in bitcoin. “You know what, if you won the lottery – Yes, I’m gonna say it: 5% in bitcoin,” Cramer said Thursday night on his Mad Money program. His investment advice, of […]

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Bitcoin Developers Weigh the Costs of Defying White Paper Copyright Claim

The Bitcoin community is debating the extent to which Bitcoin Core developers and maintainers should shoulder the symbolic burden of hosting its white paper, particularly when doing so could unnecessarily sap their time and finances. The question arose after the Bitcoin white paper was taken down from Bitcoincore.org, a canonical repository for the Bitcoin software […]

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Bitcoin Core Lead Maintainer Steps Back, Encourages Decentralization

Bitcoin Core lead maintainer Wladimir van der Laan has decided to take “even more” of a “background role” for the sake of further decentralizing the project, according to a new blog post.  Bitcoin Core is the key software underpinning the Bitcoin network. While van der Laan’s work is mostly “janitorial” in nature, making sure the […]

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Chinese Crypto Community Unhappy – Markets and Prices Bitcoin News

Following the recent bitcoin price pullback, the latest Skew data now indicates that the premium rate on Grayscale’s GBTC is under 10%. The lower rate comes just weeks after the premium peaked at 41% towards the end of December. The GBTC premium is a measure of the extent of differences in the value between the […]

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Kia Could Take Charge Of Apple Car Project

If the proposal is approved, Apple’s car will allegedly be built at Kia’s US production plant in Georgia. Hyundai, on the other hand, apparently doesn’t want to get involved with Apple. Instead, the Korean automaker wants to focus on developing its own brand and launch its upcoming Ioniq sub-brand starting with the Ioniq 5. According […]

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Analysts warn of ‘institutional exhaustion’ with Bitcoin price clinging to $32K

The price of Bitcoin (BTC) recovered in the past two days after dropping to as low as $28,850. Following the swift rebound, however, BTC has been unable to break past heavy resistance at $33,000 on Jan. 23, pulling back below $32,000 at the time of writing. BTC/USD 1-hour price chart (Coinbase). Source: TradingView.com Coinbase premium […]

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Hedge Funds Beef Up Tech Holdings Before Apple, Amazon Earnings

(Bloomberg) — Hedge funds have fallen back in love with technology giants after spending the final months of last year cutting back on these stocks. Just days before earnings land from the likes of Apple Inc. and Amazon.com Inc., professional investors turned more upbeat the industry. On Tuesday, the cohort made its largest net buying […]

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