Elite Investment Company Blog

Jhunjhunwala told CNBC he "will never buy bitcoin" and that Indian regulators should step in and ban cryptocurrencies.

Jerome Powell is likely to reiterate the Fed's pro-stimulus stance later today, possibly putting a floor under bitcoin and stocks.

Kraken said ether's price had a "sharp" downward movement on Monday.

With liquidity falling in the bitcoin market, smaller trades can have a relatively large price impact.

For all of 2020, bitcoin rose 305%.

A subsidiary of a firm overseeing more than $230 billion in assets will work with Galaxy Digital on what could be the third bitcoin ETF in Canada.

Although bitcoin was banned for use in Morocco four years ago, the cryptocurrency continues to thrive there.

One analyst said the ETF could reach $1 billion in assets under management by the end of next week.

MicroStrategy's business strategy is to buy as much bitcoin as it possibly can.

"If any issues arise that could affect the willingness or ability of both domestic and foreign investors to use USDT, the most likely result would be a severe liquidity shock to the broader cryptocurrency market," the report says.

This is the second bitcoin ETF approved to trade in Canada.

The Kiss bassist and frontman says he believes in Cardano because of its affordability compared with other cryptocurrencies.