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In brief
Asset manager Ruffer in December invested some $745 million in Bitcoin.
The firm today said they stand by their move.
Ruffer believes that Bitcoin is a challenger to gold.
Grayscale Investments, the world’s largest digital-asset manager, could hold the key to Bitcoin’s (BTC) short-term price outlook, according to JPMorgan Chase.
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The Ruffer Investment Co. says it made its 2020 bitcoin allocation to further diversify its portfolio for a post-COVID world.
The UK money manager bought $15 million worth of BTC in November last year.
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In brief.
DAI is an Ethereum-based stablecoin.
Its price is kept in check through a system of smart contracts that automatically execute themselves.
The DeFi boom has heralded the emergence of a number of services offering to lend on DAI deposits.
Investors are beginning to worry that Bitcoin’s (BTC) uptrend could be in peril after the top-ranked cryptocurrency failed to pull above the $40,000. Some traders are afraid that a repeat of the crushing 2018 bear market is on the cards again if BTC fails to find bullish momentum.
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A little-known altcoin known as Metacoin (MTC) surged to 486% gains in just 24 hours on Jan. 18, after Bittrex announced it would be listing the coin against Bitcoin (BTC).
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The COTI price is in the process of breaking out from a resistance area that has been in place for the past 150 days.
Technical indicators and the short-term price action support the possibility of a breakout for COTI, which could further accelerate the rate of increase.
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Key Takeaways
Demand for Bitcoin is rising as whales take advantage of every dip to buy Bitcoin at a discount.
Regardless, the SOPR indicator forecasts that BTC looks primed to retrace.
While the on-chain metric forecasts an 80% correction, the $30,000 level could keep falling prices at bay.
AC Milan, a top Italian Serie A club, has partnered with Chiliz, a blockchain fintech company that creates fan tokens. The $ACM tokens will go on sale via the rewards platform Socios.com.
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In brief
Ethereum-based decentralized options platform Charm has gone live.
The project uses an automatic market maker to create liquidity and lower users’ expenses.