First Mover: The Logic Behind Three Arrows’ $200M Grayscale Bet

The cryptocurrency investment fund Three Arrows disclosed earlier this month it became the biggest investor in the Grayscale Bitcoin Trust, after buying about $200 million of shares in the publicly traded bitcoin fund for a stake of about 6.5%. “Grayscale is one of the most professional and beneficial companies in the crypto ecosystem,” Three Arrows CEO Su Zhu told […]

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Market Wrap: Bitcoin Can’t Stick to $9,000 While Stocks Rally

The equities markets far outpaced cryptocurrencies Tuesday on optimism that economic restrictions put in place to help slow the spread of the coronavirus are easing. Bitcoin (BTC) poked its head above the $9,000 level briefly during morning trading in New York but fell to below $8,700 on selling. As of 20:35 UTC (4:35 p.m. ET), […]

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A Long-Secret Bitcoin Key Is About to Be Revealed

A long-held bitcoin secret is about to be revealed. No, it’s not the identity of Satoshi Nakamoto, it’s a private key the cryptocurrency’s creator entrusted to several bitcoin developers that activates the protocol’s so-called “alert system,” once used to flash a text warning to those running the software in case something happened that could impact […]

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‘Fastest Horse’ Bitcoin Blasts Toward $10,000 as Paul Tudor Jones Backs BTC

Bitcoin’s price peaked at $9,972.03, its highest in two-and-a-half months. Billionaire hedge fund manager Pual Tudor Jones says he bought BTC futures to hedge against inflation. Bitcoin’s quadrennial halving event is likely to fall on May 12. The price of bitcoin edged closer to the psychological $10,000 level on Thursday, as investors geared up for […]

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Why Bitcoin’s Big Rally Is a Sign of Its Resilience

Economic growth figures are starting to trickle in, and, as expected, they’re bad. Really bad. This past week the U.S. reported Q1 GDP growth as -4.8%. Italy’s GDP fell -4.5%, Spain came in at -5.2%, and France trumped that with a whopping -5.8%.  And that’s just warming up – Christine Lagarde, head of the ECB, has warned that euro-area GDP could fall by as much […]

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More Profit-Taking? Bitcoin Price Sags 7% Ahead of Easter Weekend

Major cryptocurrency markets fell 7 percent over the past 24 hours, with bitcoin (BTC) retreating below $7,000. While traditional stocks saw modest gains during early trading hours Friday, the crypto market shed more than $13 billion over the past 24 hours, according to Nomics. Most large-cap cryptos fell more than 8 percent in that time […]

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