Buy more Bitcoin, analyst tells institutions as $257M in BTC leaves Gemini
Stock-to-flow creator PlanB suggests that now is the time to continue accumulating, with selling pressure fading fast. Institutions should start buying Bitcoin (BTC) again, leading analyst PlanB has said as one exchange sees a fresh $250-million withdrawal.In a tweet on Tuesday, PlanB argued that conditions were now right for buyers to continue accumulating BTC with confidence.PlanB: “Probably time” for Q2 buyingBTC/USD had seen a lack of momentum over the weekend, culminating in a dive to near $56,000. With resistance near all-time highs of $61,700 now at its lowest since the time that....
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Coinbase Pro exchange registered an outflow of over 35,000 bitcoin worth more than $1 billion early Saturday.
Gemini's crypto assets in custody have trebled this year which the exchange attributes to surging interest from institutions and asset managers, The Winklevoss twins’ Gemini exchange now has $30 billion worth of cryptocurrencies under custody as competition heats up among top U.S. exchanges.In a May 11 announcement, the exchange attributed much of the growth this year to strong demand from institutional clients: “Tracking with the impressive growth of the crypto market this year and increased participation from institutional investors, we have more than tripled our crypto under custody....
The recent surge in the Bitcoin price was preceded by a significant amount of BTC leaving centralized exchanges. Over the past week, investors took to exchanges to remove their BTC holdings, supposedly for safekeeping in private wallets. 30,000 BTC Leaves Exchanges On October 18, crypto analyst Ali Charts revealed that more than 30,000 BTC had […]
Gemini, a New York-based bitcoin exchange being developed by the Winklevoss twins of Facebook-fame, just received approval from the New York Department of Financial Services (NYDFS). Many investors had been waiting with bated breath for this announcement, following the implementation of New York's BitLicense which has posed regulatory challenges for some cryptocurrency startups. The agency granted approval for Gemini's Articles of Organization and its application for exemption from the deposit insurance requirements of Section 32 of the Banking Law, based on the NYDFS Weekly Banking....
Gemini, the cryptocurrency exchange and custodian founded by the Winklevoss brothers, has launched the Gemini Credit Card offering cryptocurrency rewards. Read more: Gemini Donates $50K to HRF to Help Fund Another Round of Bitcoin Developers in 2021