Financial Industry News
The U.S. dollar drop and the Bitcoin surge happened at the same time. Why? Before we reveal the answer, let’s explore the multiple factors in the background starting with the continued downward adjustment of interest rates on U.S. Treasury bonds and quantitative easing policies. These policies have caused a lot of U.S. dollars to be […]
Continue ReadingBitcoin has slid lower over the past 24 hours as the cryptocurrency failed to surmount $12,000 in the latest leg higher. As of the time of this article’s writing, BTC trades for $11,600 — 5% shy of the local highs. Investors are still reeling from the flash crash that transpired approximately one week ago. While […]
Continue ReadingFidelity Digital Assets has released a new report citing the company’s investment thesis for the first-ever cryptocurrency: Bitcoin. According to the finance firm, the crypto asset is an “aspirational store of value.” They also call it an “insurance policy” that may protect wealth against “unknown consequences.” Here’s why the cryptocurrency acts as the best insurance […]
Continue ReadingCrypto altcoins have ignored Bitcoin’s inability to rally over recent weeks. Take the chart below, which shows that BTC has strongly underperformed some of the leading cryptocurrencies since the start of June. Bitcoin vs. altcoins (Chainlink, Cardano, Dogecoin, Ethereum) since the start of June. Chart from TradingView.com With the recent outperformance of altcoins, a select […]
Continue ReadingAs the world’s nations and financial institutions plan their recovery from the unprecedented economic upheaval in the wake of the COVID-19 crisis, more and more people are turning to digital assets. Cryptocurrency’s extraordinary resilience during the coronavirus crisis has lent renewed vigor to central banks’ plans to integrate digital currencies. Meanwhile, the younger generation is […]
Continue ReadingDeribit has emerged as the most dominant Bitcoin derivatives exchange ahead of a massive expiry of options contracts on Friday. The Panama-based firm now covers nearly 63 percent of the total open interest (OI) in the cryptocurrency market. The total number of outstanding bitcoin options contracts on Deribit has reached an average of 73,634. It is […]
Continue ReadingOne of Ethereum and crypto’s “hottest use cases,” decentralized finance, got a big scare on June 17th as some market participants thought that a key application was being attacked by a bad actor. The application’s operators have since assured the community that user funds are safe. Ethereum DeFi Protocol ‘Hack’ Scares Users On June 17th, […]
Continue ReadingThe past few months have seen investment demand for Ethereum increase strongly. Nothing shows this as well as Grayscale’s Ethereum Trust, a regulated and publicly-tradable investment vehicle that is backed by ETH. A share of the trust, which corresponds with 0.094 ETH, reached a value of $239.50 last week on secondary markets. This means that […]
Continue ReadingDuring the height of the 2017 crypto speculative bubble, it wasn’t uncommon for random altcoins with little to no use case at all to rally over a thousand percent or more. Life-changing wealth was generated. One venture capitalist claims that returns like that won’t be quite as easy to come by during the next bull […]
Continue ReadingOver the last month, Bitcoin dominance has grown by nearly 3%. The climb has largely been driven by the asset’s block reward halving set for less than 24 hours from now. The latest move in BTC dominance has left altcoins on the ropes, and exposing them to a bounce or die scenario. The apex of […]
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