Bitcoin News and Finance: What You Need to Know

In 2021, celebrities have been flocking to the cryptocurrency space in great numbers, and the non-fungible token (NFT) asset craze has swelled with luminaries as well. During the last few weeks, musicians, artists, professional sports players, and more have dipped their toes into the NFT ecosystem. Celebs Have Noticed the NFT Hype and Want In Data from nonfungible.com ’s market history shows that there’s been 27,850 non-fungible token (NFT) asset sales in the last seven days. The 27,850 sales had settled for $42 million and the average price per NFT sale was $1,520 using March 14, 2021 stats. Now nearly every single day, there’s a new NFT milestone sale, a new celebrity creating an NFT, and a myriad of new NFT markets. The NFT hype also comes with significant controversy as well due to how these pictures, music files, and other types of collectibles are stored. In March, the NFT hoopla has spurred a decent number of celebrities to drop their own non-fungible token assets. For inst...

Tim Bond, a portfolio manager at Odey Asset Management, has warned that bitcoin is pointless, calling the cryptocurrency “a particularly vile asset class.” He claims that bitcoin has no real social utility other than as a tool for speculation and a means to launder the proceeds of crime. Fund Manager Sees Bitcoin as a Vile Asset Class Tim Bond, a partner and portfolio manager at Odey Asset Management, warned about bitcoin in a recent interview with Marketwatch. Established in 1991 by billionaire Crispin Odey, the firm currently has over $3 billion in funds under management. Before joining Odey Asset Management in 2010, Bond spent 12 years at Barclays Capital as managing director and head of global asset allocation. He previously worked at Moore Capital as a portfolio strategist and spent 10 years as a strategist and trader for Tokai Bank Europe. As the price of bitcoin hit all-time highs several times this month, Bond was quoted as saying: To my mind, bitcoin is a particularly v...

Spacex and Tesla CEO Elon Musk has once again tweeted in support of dogecoin. He wants the crypto exchange Coinbase to list the cryptocurrency and says he will get a Shiba Inu, the dog breed featured as the face of dogecoin. Meanwhile, the coin’s adoption is growing, advocated by celebrities like Mark Cuban. Elon Musk Wants Coinbase to List Dogecoin Elon Musk wants cryptocurrency exchange Coinbase to add dogecoin to its list of supported cryptocurrencies. A question was directed at Musk on Friday on Twitter about Coinbase listing dogecoin. The user wrote: “Hi Elon, I saw a report that Coinbase was used for the Tesla BTC purchase (nice entry btw). Do you think Coinbase should enable dogecoin on their platform? It would enable many folks to easily access DOGE.” The Spacex CEO simply answered: “Yes” with an exclamation mark. Coinbase currently does not support dogecoin, a meme coin featuring a Shiba Inu. The crypto exchange is set to go public via a direct listing on Nasdaq. Its v...

A French parliament member has signed a petition to amend the laws to enable the central bank of France to buy and hold bitcoin as well as other cryptocurrencies. The petition urges lawmakers to urgently consider the matter, warning that not owning bitcoin will put France “in a financially weak position within 5-10 years.” Petition to Allow Central Bank to Buy Bitcoin Jean-Michel Mis, a member of the French National Assembly, the lower house of parliament, announced in a tweet Friday that he has signed a petition to amend the laws to enable the Banque de France, the country’s central bank, to buy and hold bitcoin, as well as other cryptocurrencies. The petition residing on the French Senate’s e-petitions platform was started on March 5 by François-Xavier Marie Jean Elder Thoorens; it can be signed until Sept. 5. Petitions with at least 100,000 signatures within six months are forwarded to the Conference of Presidents, which will decide whether to follow up on the matter. At the tim...

PRESS RELEASE. Poltergeist Exchange has partnered with GHOST by McAfee to bring a private stable coin and privacy dex to the GHOST by McAfee blockchain. Poltergeist Exchange has released their native token GHOUL, and are developing and releasing a side chain with the same name for Ghost by McAfee. Side chains for GHOST will open up a variety of interaction possibilities including a full privacy dex using atomic swaps to flawlessly execute cross chain transactions, a private stabled coin, GHOSTDAI, that is pegged and backed 1:1 with DAI, and more. “When I was setting the vision for GHOST, I didn’t just see a privacy coin, but an ecosystem of products and services that really encompassed the ideas and values that I think are really important about being able to do business and send value privately.” said Josh Case, the founder of Poltergeist Exchange and Co founder of Ghost by McAfee. “Nothing can stop us from bringing these ideas to the world. And a lot of these ideas are closer t...

While cryptocurrency markets have been red hot and gaining in value, demand for certain assets and liquidity has grown massive. At the same time, a myriad of crypto proponents are chasing significant returns by hunting for liquidity pools with colossal yields. These days certain decentralized finance (defi) applications can give a yearly ROI upwards of 100-400% in some cases depending on the applications leveraged. Pools of Crypto Liquidity Are Growing During the last year and a half, decentralized finance (defi) has grown more robust and today there’s $46.24 billion total value locked in defi apps, according to defipulse stats . While digital currencies like bitcoin (BTC) , ethereum (ETH) , and many other crypto assets have seen significant gains, people are also getting large returns for providing liquidity. Additionally, thanks to Web3 wallets like Metamask, providing liquidity without dealing with a centralized third-party is key to decentralized finance. Last month, Bitcoin.c...

Just a few days after announcing the end of its partnership with Moneygram, the fintech firm Ripple Labs is now moving to dispose of its stake in the listed company. In a filing with the U.S. Securities and Exchange Commission (SEC), Ripple says it has entered into an agreement with Jefferies in which the latter is expected to execute “the orderly disposition of a portion of the former’s stake in Moneygram.” Ripple and Moneygram Partnership Maybe Revisited As the filed document explains, this agreement mandates Jefferies, a U.S. based diversified financial services company, to “sell up to 8,195,123 shares on behalf of Ripple.” However, this plan to offload the stock, which was expected to have commenced on March 11, is set to “expire upon the earliest of September 30, 2021.” At that point, “the maximum amount shall have been sold, or the occurrence of certain other customary events affecting the issuer.” Still, despite taking these steps to end the business relationship, Ripple di...