Tag: Bitcoin
Board Approves an investment up to $5 million
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital wealth and payments business, today announced that its Board of Directors has approved a change to its treasury management strategy to include Bitcoin and Bitcoin ETFs and authorized an initial investment of up to $5.0 million.
“Mogo was an early entrant to crypto investing in North America having first invested in...
Eric Balchunas: The Crypto Prophet of Progress
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Who is Eric Balchunas?
Eric Balchunas is a big shot in the world of finance. He’s a Senior ETF Analyst at Bloomberg, where he’s got his fingers on the pulse of exchange-traded funds. He’s a regular on Bloomberg TV and Radio, where he dishes out the latest on ETFs. But that’s not all. He’s also a co-host of Bloomberg’s Trillions and ETF IQ. So, when Eric talks, people listen.
Balchunas on Bitcoin: “Take Your Share of Progress”
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Crypto Market Update: Bitcoin Bulls Fuel Market Rally
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The crypto market today is witnessing a significant rally, with Bitcoin leading the charge. The recent uptick in Bitcoin’s price is attributed to the accumulation by BTC bulls. This surge is believed to be fueled by capital influxes from outside the U.S., particularly from China, Europe, and Canada.
Moreover, the crypto market is buzzing with anticipation as a $700 million Bitcoin options expiry looms. Traditionally, the expiry of Bitcoin...
Bitcoin, Crypto market, Cryptocurrencies, Ethereum, Front page, Main
GBTC Outflows: A Threat or an Overreaction?
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GBTC moved more than $400 million worth of BTC to custodian Coinbase Prime.
GBTC has bled $1.5 billion in investor assets since last Thursday.
JPMorgan predicts an additional $10 billion in outflows if GBTC loses its liquidity advantage.
Traders might be overstating the impact of GBTC selling.
GBTC outflows find a counterpart in net inflows to the remaining spot Bitcoin ETF funds.
The GBTC Outflows
The Grayscale Bitcoin...
Crypto Market Update: December 18, 2023
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Despite a challenging macro- and industry environment, the total cryptocurrency market cap rose +98.61% during 2023 to reach US$1.6 trillion. Last week’s crypto market prices dropped by -4.51%, volume decreased by -9.67%, and volatility increased by +77.13%.
The market for Solana Saga smartphones is witnessing an unprecedented surge, with recent sales on eBay reaching as high as $5,000. This spike in demand and value is primarily driven by...




