Grayscale CEO says pension funds are looking to add Bitcoin

Grayscale CEO Michael Sonnenshein said pension funds are considering Bitcoin as an asset class for diversifying their portfolio. The post Grayscale CEO says pension funds are looking to add Bitcoin appeared first on CryptoSlate.

Timeline of Bitcoin

Cynthia Lummis' proposed bill can heavily affect Bitcoin and other cryptocurrencies as well but according to her, it can lead to crypto adoption into the traditional financial system and can enable digital currencies to become more accepted as commodities so let's read more today in our latest Bitcoin news. Senator Lummis introduced a comprehensive bill

Billionaire and Microsoft co-founder Bill Gates is the fourth richest person in the world, yet he claims to own no bitcoin or cryptocurrency at the time of writing. He has stated that he is not crazy about where crypto is going and he has often warned people about plunking their money into a new asset.

Twitter Inc (NYSE: TWTR) co-founder and its former CEO Jack Dorsey is planning to create a new decentralized web that will be centered on Bitcoin (CRYPTO: BTC). With his Block Inc (NYSE: SQ) subsidiary TBD, Dorsey aims to build Web5 based on Bitcoin and believes it will play an integral part in the evolution of the internet.

The purchase was announced in a tweet saying it was meant to “safeguard the overall blockchain industry and crypto market.” The post Tron Dao buys $50M of Bitcoin and TRX to add to USDD reserves appeared first on The Block.

Over the past four weeks, the Bitcoin(BTC) price wavered between the $32000 and $28600 mark. However, on June 11th, the sellers settled this consolidation with a $28600 breakdown, suggesting an extension in the overall downtrend.

The global cryptocurrency market was on track for another decline on Saturday, as Bitcoin and other top cryptocurrencies took a significant blow throughout the day. The $1.19 trillion crypto industry is currently worth less than it did in July of last year.

As Bitcoin mining operations require more high degree of electricity than any other consumers, County Public Utility District (PUD) Commissioners have approved a bill this week to charge Bitcoin miners in Chelan County, Washington, with increased rates for electricity. As per the report of 560 KPQ on June 8, the approved bill implies around a

Jim Cramer, the host of CNBC's Mad Money, still believes there are “fortunes to be made in crypto.” What Happened: In a recent interview on CNBC's Make It, Cramer said he couldn't tell people not to own crypto because he still owns Ethereum (CRYPTO: ETH).

On Thursday (June 9), American billionaire investor Stanley Freeman Druckenmiller shared his latest thoughts on crypto. Druckenmiller started his career as an equities analyst at Pittsburgh National Bank. Then in 1981, he founded investment firm Duquesne Capital Management, which had a positive return every year until he decided in August 2010 to quit the hedge fund business

On Sunday (June 12), popular crypto analyst Benjamin Cowen commented on how he expects altcoins to perform versus Bitcoin in the current bear market. Earlier today, Cowen told his over 665K Twitter followers: Cown also believes that $BTC dominance, which is currently around 45.6%, will increase to as much as 60% later in the year. According to