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Bank of America: "Asset Managers Advise Buying Bitcoins"

Bank of America: “Asset Managers Advice Buying Bitcoins”

Posted by By Vince Saboti December 18, 2020Posted inBitcoin News
Bank of America has released its monthly Global Fund Manager Survey, which assesses the sentiment of asset managers. It turned out that buying BTC was the third most popular advice. As in November,…
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Hedge Fund Announced Purchase of $600 Million Worth of Bitcoin

Hedge Fund Announced Purchase of $600 Million Worth of Bitcoin

Posted by By Vince Saboti December 18, 2020Posted inBitcoin News
Eric Peter, head of hedge fund One River Asset Management, said the company plans to increase its crypto assets to $1 billion by early 2021. The hedge fund, together with the co-founder of…
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Italian Motorcycle Company Starts Accepting Crypto Payments

Italian Motorcycle Company Starts Accepting Crypto Payments

Posted by By Vince Saboti December 17, 2020Posted inBitcoin News
An Italian motorcycle brand will start accepting several cryptocurrencies at once – Bitcoin, Litecoin, Bitcoin Cash, and Ethereum. Customers will be able to shop in supported currencies regardless of where they are located.…
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Bitcoin Overcomes $20,000 and Conquers New Highs

Bitcoin Overcomes $20,000 and Conquers New Highs

Posted by By Vince Saboti December 17, 2020Posted inBitcoin News
For the first time in history, the bitcoin rate confidently overcame the important level of $20,000 and set a new all-time high just above $22,342 at the time of writing this article. The…
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Over 1,000 Illegally Connected ASIC Miners Seized in Bulgaria

Over 1,000 Illegally Connected ASIC Miners Seized in Bulgaria

Posted by By Vince Saboti December 16, 2020Posted inBitcoin News
CEZ Group, one of the largest exporters of electricity in Europe, recently uncovered the largest theft of electricity in Bulgaria by cryptocurrency miners to date. According to the publication Vesti, for the largest in the…
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The Chinese Made Another 20,000 Transactions Testing the Digital Yuan

The Chinese Made Another 20,000 Transactions Testing the Digital Yuan

Posted by By Vince Saboti December 15, 2020Posted inBitcoin News
In China, while testing the Chinese digital yuan, people performed around 20,000 transactions via the retail platform of JD.com. The website unveiled that 80% of participants, who were born in the 1980s and…
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About 10% of UK Residents Have Bought Bitcoins

About 10% of UK Residents Have Bought Bitcoins

Posted by By Vince Saboti December 15, 2020Posted inBitcoin News
Despite the growth of prices and popularity for the last couple of months, Bitcoin is still far from the attention of the masses. A recent study conducted in the United Kingdom showed that only…
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Record Outflow of BTC Registered on the Crypto Exchanges

Record Outflow of BTC Registered on the Crypto Exchanges

Posted by By Vince Saboti December 14, 2020Posted inBitcoin News
The peak daily outflow of Bitcoins from the cryptocurrency market causes optimism in terms of a further commercial increase in prices for the largest cryptocurrency. Since the beginning of the year, the growth of Bitcoin…
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The IRS Adds Cryptocurrency Clause to the Main Tax Reporting Form

The IRS Adds Cryptocurrency Clause to the Main Tax Reporting Form

Posted by By Vince Saboti December 14, 2020Posted inBitcoin News
The IRS added a clause on cryptocurrencies to the main body of Form 1040. Previously, the question of ownership of crypto assets was in Appendix 1, which not all taxpayers filled out. The IRS…
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Digital Euro Will Have a Negative Impact on Banks in the EU

Digital Euro Will Have a Negative Impact on Banks in the EU

Posted by By Vince Saboti December 11, 2020Posted inBitcoin News
Bank of America analysts warned that if the digital euro is issued and widely adopted, the activities of banks operating in the European Union could be seriously affected. Bank of America analysts said…
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