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Exponential Growth: Bitcoin’s Trading Volume Could Rival Major Asset Classes
4.6.2020
Bitcoin’s trading volume has experienced exponential growth which could reach levels similar to major asset classes, according to a new report by Coin Metrics. The cryptocurrency’s daily volume could exceed that of all U.S. equities in less than four years and all U.S. bonds in less...
Bitcoin’s Flash Rally to $10,400 was “Fake”, Short the Cryptocurrency, Warns Renowned Trader Bollinger
3.6.2020
Long time trader John Bollinger has warned that bitcoin’s flash rally to over $10,400 on Monday was fake, adding that losses might be on the way. “This is a Head Fake at the upper Bollinger Band for $btcusd,” tweeted Bollinger, inventor of the Bollinger Bands indicator....
UK Government Seizes $185 Million From Dormant Bank Accounts for Crisis Relief
1.6.2020
The UK government is seizing funds in dormant bank accounts worth approximately $185 million to fund its coronavirus relief efforts. So far, 30 banks have been voluntarily transferring money from dormant accounts to the government, including HSBC, Barclays, Clydesdale, Credit Agricole, Danske...
ViaBTC Group Announces Strategic Upgrade to Advance Innovation and Improve Customer Experience
30.5.2020
Hong Kong, 30 May, 2020 – ViaBTC Group, an innovative technology company specialized in blockchain and dedicated to providing users with comprehensive digital asset management services, today announced a strategic upgrade, which included a new organizational structure, product innovations...
First Mover: Bitcoin Rally Shows Traders Don’t Care That Goldman Hates Their Asset Class
29.5.2020
Traders can also gloat over how much better bitcoin is performing in 2020 than Goldman Sachs shares
Cryptocurrencies Spread 4X Faster in Undeveloped Countries: Blockchain Analysis Report
28.5.2020
During the month of April, the blockchain project Onfo initiated an experiment to see how fast crypto assets can gain popularity in four different countries. The team’s findings discovered that cryptocurrencies spread four times faster in developing nations as opposed to developed countries....
Crypto Data Firm Launches Indicators to Fight Fake Asset Volumes and Market Caps
28.5.2020
A crypto market data firm now offers a separate indicator for crypto asset market capitalization and volume data aggregated only from transparent exchanges
Goldman Sachs: Cryptocurrencies ‘Are Not an Asset Class’
27.5.2020
Goldman Sachs held an investor call Wednesday to discuss current policies for bitcoin, gold and inflation. The stalwart investment bank is still no fan of bitcoin or other cryptocurrencies
Financial Giants Fujitsu & Nomura to Launch Digital Asset Trading on Blockchain
26.5.2020
Source: Adobe/Игорь Головнёв
Japanese tech giant Fujitsu has signed a deal with major securities company Nomura that will see the duo co-launch an interoperable blockchain platform for trading “digital assets” such as securities.
Per a report from Nikkei, Fujitsu is working on the project with...
Eight Countries That Don’t Tax Your Bitcoin Gains
26.5.2020
As world governments push through legislation to levy taxes on capital gains from bitcoin (BTC) transactions, seeking to earn more from an asset class that frowns on regulatory oversight, there are still a few countries that remain pro-crypto, allowing investors to buy, sell or hold digital assets...
Grayscale Buys 33% of All Bitcoin Mined in Last Three Months
19.5.2020
Grayscale Investments bought up to 33% of all newly minted bitcoin over the last three months, as the asset manager continues to stockpile major cryptocurrencies. The investment fund added 60,762 BTC to its Bitcoin Trust Fund between February 7 and May 17, a researcher posted on Reddit....
Covid-19 Economy Fuels Faith in Crypto: Trust In Bitcoin Over Banks Increased 3X Since 2017
19.5.2020
The market research organization, The Tokenist, recently published a report called “Comparing Public Bitcoin Adoption Rates in 2020 vs 2017.” The study’s findings give a comprehensive look at the cryptocurrency ecosystem between 2017 and now. The researchers’ survey shows...
How Digital Asset Funds Are Doing During the COVID-19 Crisis
16.5.2020
Despite a correlation between crypto hedge funds and traditional public markets, crypto assets have more benefits in a time of crisis
How Investors Are Presented With Bitcoin: ‘A New Decentralized Monetary Asset, Akin to Gold’
16.5.2020
Bitcoin (BTC) is a compelling investment case “for patient, long-term investors” willing to spend the time to understand the top cryptocurrency, a new paper by Paradigm co-founder managing partner Matt Huang notes. The crypto entrepreneur places BTC besides gold, as a go-to store...
Staying Alive: Why the World of Enterprise Blockchain Has Turned to Collaborations
14.5.2020
Enterprise blockchain isn’t dead, but survival has meant more collaboration and some smart pivots. A dispatch from this week’s Consensus: Distributed
17,000 Quadrigacx Users Seek $307M from the Failed Canadian Crypto Exchange
13.5.2020
About 17,000 people have filed claims for refunds from the collapsed Canadian digital asset exchange Quadrigacx. Altogether, the claims, denominated in both cryptocurrency and fiat, amount to nearly $307 million. According to a document released Tuesday by Ernst & Young, the court-appointed...
Crypto Hedge Funds Doubled Assets Under Management in 2019, PwC Report Says
11.5.2020
Cryptocurrency hedge funds’ assets under management doubled in 2019, but the launch of new funds depends on Bitcoin prices
Chinese Court Rules Bitcoin Is Asset Protected by Law
9.5.2020
A court in Shanghai, China, has reportedly ruled that bitcoin is an asset protected by Chinese law in a case that has dragged on for years. The case involves a theft of two different cryptocurrencies, one being bitcoin, from an American. The defendants argued that bitcoin was not recognized under...
Bitcoin Gains Ground on Gold, Bolsters Claim as the Asset of Tomorrow
9.5.2020
“In the world of decentralized finance, stablecoins are a real threat to mutual funds and ETFs. And ETFs backed by gold might be disrupted by stablecoins that are backed by gold,” said one expert
Bitcoin Is Outperforming Every Mainstream Asset Class in 2020
9.5.2020
With less than three days left until the halving, Bitcoin is currently outperforming every mainstream asset class for 2020 so far