BITCOIN TO $40K IN THE NEXT FEW MONTHS, SAYS TOM LEE

BITCOIN TO $40K IN THE NEXT FEW MONTHS, SAYS TOM LEE

BITCOIN AT $10,000 WILL TRIGGER MASSIVE FOMO According to Bloomberg, Tom Lee expects bitcoin to go as high as $40,000 within the remainder of 2019. The Fundstrat co-founder and chief analyst conveyed his forecast in a note to clients issued on Monday (June 17, 2019). For Lee, FOMO-driven hype will fuel BTC’s 400% price climb causing the top-ranked cryptocurrency to […]

Pro or Anti Bitcoin? Crypto Community Divided Amid Facebook Coin Launch

Pro or Anti Bitcoin? Crypto Community Divided Amid Facebook Coin Launch

At long last, Facebook’s inaugural consumer-facing Bitcoin-related (albeit remotely related) project is upon us. To be announced on Tuesday morning, Libra (Reserve) is slated to be a stablecoin tied to a basket of traditional assets, presumably ensuring it is nothing like other crypto assets. Joining the social media giant in this venture are star massive […]

Bitcoin Pumps Whilst Google Interest Declines: Evidence of Institutions Buying?

Bitcoin Pumps Whilst Google Interest Declines: Evidence of Institutions Buying?

Bitcoin is back above $9,300 again after the price pumped from just over $9,000 at the start of today to its current level of around $9,325 at the time of writing. Interestingly, despite today’s price surge, interest in the number one crypto asset by market capitalization appears to be down on popular search engine Google. This […]

Is bitcoin growing up? Regulated futures boom as investors seek a safer ride

Is bitcoin growing up? Regulated futures boom as investors seek a safer ride

LONDON (Reuters) – When bitcoin was born it was a symbol of counterculture, a rebel currency with near-anonymity and a lack of regulation. A decade later, there are growing signs it’s entering the establishment its creators sought to subvert. As the cryptocurrency has surged in value bigger investors, from trading firms to hedge funds, have […]

A Fidelity-backed firm that’s been quietly moving crypto around for large trading firms has secured $16 million in Series A

A Fidelity-backed firm that’s been quietly moving crypto around for large trading firms has secured $16 million in Series A

While many cryptocurrency custodians and exchanges busy themselves with building secure wallets to store digital assets, fewer companies recognize the need for safe transitions of crypto assets between those wallets. Fireblocks, which already counts over-the-counter trading firms Galaxy Digital and Genesis Global Trading as customers, aims to fill that gap. Previously operating under stealth mode, […]

US Regulators Might Be Unnecessarily Delaying Decisions on Cryptocurrency-related Applications

US Regulators Might Be Unnecessarily Delaying Decisions on Cryptocurrency-related Applications

The Financial Industry Regulatory Authority (FINRA), an independent, non-governmental regulator for firms offering financial securities in the U.S., has reportedly been reviewing around 40 different broker-dealer applications from crypto-related companies. According to Coindesk, several analysts believe FINRA might be postponing its decision regarding whether to approve certain crypto-related broker-dealer applications. This, as the self-regulatory organization (SRO) […]

Jack Dorsey Considers Bitcoin Could Become The Global Internet Currency

Jack Dorsey Considers Bitcoin Could Become The Global Internet Currency

Jack Dorsey, the CEO of Twitter and Square, considers Bitcoin (BTC) could become a global internet currency. At the moment, the companies he leads are working in order to make Bitcoin a global digital currency. Some of the main features of Bitcoin include its resilience and lack of affiliation with any government. Jack Dorsey Works For Bitcoin […]

Crypterium Introduces Global Crypto Payments Card

Crypterium Introduces Global Crypto Payments Card

Crypterium – a financial technology startup based in Estonia — launched the Crypterium Card, the first crypto card available globally. Prior to this launch, crypto cards, such as the Coinbase Card, were only accessible in specific countries or by region, according to the company. Coinbase recently announced it would roll out services to six additional European countries […]

Bakkt Clearing the Way For Institutional Investors Pouring into Bitcoin This Summer

Bakkt Clearing the Way For Institutional Investors Pouring into Bitcoin This Summer

The much anticipated Bakkt platform looks like it is finally ready to launch this July. Those behind the project and many in the wider crypto asset space are hoping that the institutional-grade offering will encourage investors with the deepest pockets to enter the Bitcoin market. Bakkt plans to appeal to the wealthiest class of investor by providing many […]