Learn How Trade Crypto
The likelihood of bitcoin challenging record highs by the end of the year may have have increased with the cryptocurrency’s violation of major price resistance – but don’t raise your hopes too high just yet. Bitcoin jumped above $10,300 on Sunday, breaching the resistance of a trendline falling from the December 2017 to June 2019 highs. Following the bullish […]
Revolut customers in 49 U.S. states can now buy, hold and sell bitcoin (BTC) and ether (ETH) on the digital bank’s crypto platform. The British fintech firm entered the U.S. in March and waited until it had already established its core products in the country before launching bitcoin services as well, said Revolut crypto chief Edward Cooper. Revolut gained the regulatory […]
The number of whale addresses, or those holding a large number of bitcoins, has declined to a 14-month low. However, the drop isn’t necessarily a price-bearish development and may instead indicate the distribution of bitcoin ownership is shifting. As of Sunday, there were 103 addresses holding at least 10,000 BTC – the lowest since May 2019, according […]
Since the end of 2017, the conventional thinking was that well-heeled financial institutions would take the reins from retail investors, becoming the driving force and primary investor class in crypto. But a report out last week from derivatives exchange ZUBR argues retail investors are not just here to stay, they could end up absorbing more than half […]
The solution initiated by ING – currently dubbed the Travel Rule Protocol or TRP – has also been backed by Standard Chartered Bank, Fidelity Digital Assets and BitGo, plus a gaggle of other familiar firms from the crypto space. The FATF’s recommendation in October 2018 to include virtual asset service providers (VASPs) within the scope […]
The services will be offered by BitGo Prime, a new entity that will be headed by Nick Carmi, BitGo’s head of financial services. Carmi joined the firm last year after stints at various banks and other financial institutions. BitGo Prime has already launched crypto lending services, and plans to expand these as well as build liquidity on its […]
While many people believe that the massive adoption of Bitcoin is somewhat tied around the mainstream acceptance of digital currencies in general, Tim Draper thinks there is more to it. In a Bloomberg report, the American venture capital investor said Bitcoin adoption could grow because of its efficiency. Bitcoin adoption accelerator Draper mentioned that the largest cryptocurrency […]
1. Increasing policy influence The crypto community was remarkably prescient in its prognosis of how coronavirus was going to impact the global economy and society. Through the long months when political leaders and the World Health Organization (WHO) were reluctant to declare a global pandemic and take firm action, many well-known voices on Crypto Twitter, […]
This will always be remembered as the week when oil went negative. The economic repercussions of this are staggering and will take months to fully comprehend – but, more short term, one of the most fascinating aspects is how it knocks universally accepted truths about markets right into the oil can. Also compelling is what […]
The COVID-19 pandemic now has its grip firmly on the world. According to official numbers, almost 2.6 million individuals have been infected globally, and almost 180,000 have died. In addition to the impact on public health and the healthcare system, the global economy is starting to ground to a halt as a result of state-enforced […]