Learn How Trade Crypto
A relatively stable week passed over the crypto market with the end of the downtrend showing us stabilization in the market . Although it is still difficult to point towards the changing trends, the market is quietly whispering that we may be approaching the floor for this period. Bitcoin’s dominance against the alternative coin market […]
Wall street banking juggernaut, Goldman Sachs recently announced that it would be shelving plans to set up a cryptocurrency trading desk, indefinitely. The news apparently sent the crypto market sliding downwards, with bitcoin shedding as much as 5.3% of it’s value. The reluctance of incumbent institutions to acknowledge digital assets, coupled with regulatory uncertainty have raised an important important question: does the […]
Citigroup Inc. is developing a new mechanism for trading cryptocurrencies such as Bitcoin that would put it at the forefront of Wall Street’s efforts to let clients bet on the largely unregulated market, according to a person with knowledge of the plans. The bank plans to act as an agent issuing so-called digital asset receipts, or […]
Top Stories This Week Business Insider: Goldman Sachs Scraps Crypto Trading Desk Plans Goldman Sachs Group Inc. is halting its plans to open a cryptocurrency trading desk, Business Insider reported this week, but will focus on a custody product for crypto, which will allow it to hold cryptocurrency on behalf of large clients and track its price. […]
The cryptocurrency markets experienced another dramatic crash yesterday, with almost two weeks’ worth of upside being completely undone within a matter of 12 hours. Just as Bitcoin was slowly working its way out of the $6,200 level to $7,400, it quickly crashed all the way back to a low of $6,250, taking Ethereum and the […]
The focus on a Bitcoin ETF has shifted from its possibility thereof to the timing of an imminent approval. With several predictions from different quarters already, recent statements are suggesting 2019 to be a more realistic date of approval. One of the most pertinent questions surrounding Bitcoin today revolves around the anticipated ETF approval by […]
This week, $312 billion Bank of America (BoA) filed a patent to offer crypto custody, targeting large-scale institutional investors and retail traders. Some experts have said that the efforts of major financial institutions to create institutional products around cryptocurrencies will bolster the adoption of crypto in US markets, which will naturally lead to other publicly tradable instruments […]
In her seven months in office, Securities and Exchange Commissioner Hester Peirce has established herself as the voice of innovation for the cryptocurrency market. In July, Peirce surprisingly dissented from the SEC’s decision to deny Cameron and Tyler Winklevoss an application for a bitcoin-backed exchange-traded fund. Citing a risk of being left behind, Peirce said the decision […]
Morgan Creek Digital, backed by the institutional investment house Morgan Creek Capital with $1.5 billion in assets under management , has launched a new Digital Asset Index Fund in partnership with Bitwise, Forbes reports August 28. The new fund will give accredited investors, endowments, pensions and other approved institutional investors the possibility to gain indirect exposure to […]
The SEC disapproved several bitcoin ETF proposals last Wednesday. Two of them belonged to ProShares and would track bitcoin futures contracts, and five were inverse and leveraged products from Direxion. A GraniteShares ETF proposal was also rejected. The new development comes after the rejection of the much anticipated Winklevoss ETF in July. According to the released SEC documents outlining […]