Investment bank Goldman Sachs says institutional investors and asset managers are driven to bitcoin by “fear of missing out” (FOMO). Goldman now considers bitcoin a new asset class. Nonetheless, institutional investors are facing several strong barriers to entry into the crypto market. Asset Managers, Institutions Facing Crypto FOMO Goldman Sachs said Monday that the fear …
Continue reading “Goldman Sachs Says FOMO Is Driving Institutional Investors to Bitcoin”
Will $37,000 hold for more upside in the near term for Bitcoin? Bitcoin (BTC) prices pulled back on May 25, wiping a small portion of the gains it had made during the previous session amid another day of volatile trading. The BTC/USD exchange rate fell up to 6.11% after opening the Asia-Pacific session at $38,856. …
Continue reading “Bitcoin price must now hold this key level to regain $40K”
The crypto custody business blossomed in 2019, spearheaded by fintech firms, but now its center of gravity might be shifting. Custody services aren’t the most compelling corner of the crypto ecosystem, but 21st-century solutions for storing and safekeeping digital assets are critical if cryptocurrencies are to achieve widespread adoption. For that reason, Cowen Inc.’s recent …
Continue reading “Cryptocurrency custody gives commercial banks a foothold in the market”
The South African Reserve Bank has begun exploratory studies on central bank digital currencies. South Africa is the latest country to begin exploring the possibility of creating its own sovereign digital currency. According to a release issued on Tuesday, the South African Reserve Bank has begun preliminary feasibility studies about the “desirability and appropriateness” of …
Continue reading “South Africa’s central bank begins preliminary study for retail CBDC”
“Bison Trails is committed to the growth of the crypto ecosystem and innovative networks like Celo,” said Joe Lallouz, CEO of Bison Trails. Blockchain infrastructure company Bison Trails has partnered with Volt Capital to allow users of the Celo Network to stake their tokens securely through their mobile devices. The collaboration sees Bison Trails running …
Continue reading “Bison Trails and Volt Capital bring ‘secure staking’ to Celo network”
Strong hands accumulated Bitcoin throughout last week’s historic correction but BTC’s inability to reclaim the $40,000 level has some traders afraid of a dead cat bounce. The recent extreme volatility in the cryptocurrency market following Bitcoin’s (BTC) dip to $30,000 and the recovery to $38,000 has traders confused about whether the current price action is …
Continue reading “Amid rising stablecoin inflow, cautious traders fear a dead cat bounce”
The soon-to-be-launched platform will feature NFTs from artists like Whitney Houston, Doja Cat, John Legend, TLC, H.E.R, Quincy Jones, Charlie Puth, Jacob Collier, G-Easy, AURORA, The Kid LAROI, Alesso and more. Sustainable technology company OneOf has raised $63 million in seed funding to finance its new Green NFT platform for musicians, offering further evidence that …
Continue reading “OneOf raises $63M for new Green NFT platform for musicians”
The funding rate for MATIC and AAVE is currently rewarding traders who are leveraged longs, but it might not last for long. Data shows that AAVE and Polygon (MATIC) traders are currently being paid up to 4.3% per week to long future contracts. In the crypto markets, traders are usually bullish, or at least the majority …
Continue reading “Negative funding rates incentivize traders to long Polygon (MATIC) and AAVE”
The Ethereum-based scaling solution recently appeared on the Mark Cuban Companies website, seemingly affirming his investment in the project. Billionaire investor Mark Cuban has thrown his weight behind Polygon, according to a new disclosure on one of his websites, offering further evidence that wealthy investors are tapping into the digital asset market despite the recent …
ETH ETH Price Index The Ethereum price has bounced from last week’s selling and is now aiming at the highs once more. The number two coin in the crypto market now has a market cap of $290 billion and hit another new record high last week even as Bitcoin struggled. The announcement of more institutional …
Continue reading “Ethereum Aims for the Highs Again, SOL Shines Bright, CELO, Apr. 26”
So what is DeFi exactly? Will this be just a passing trend or will ignite a “new revolution” in the global market? All will be revealed in the following article. So let’s dive in! What Exactly Is DeFi? DeFi stands for Decentralized Finance. This is the term used to refer to financial applications built on …
Continue reading “Things You Need to know About Decentralized Finance”
The popular U.S.-based cryptocurrency exchange Coinbase successfully ran its IPO last week, becoming one of the first crypto companies to do so. Its success means that other crypto exchanges could follow suit. Here are the stances of various exchanges. Coinbase Coinbase carried out its IPO on Wednesday, April 15. On that day the company’s Class …
Continue reading “Crypto Exchange IPOs: Will Coinbase’s Stock Market Listing Set a Trend?”
Litecoin Begins a Rally– May 25The LTC/USD market begins a rally after seeing a significant drop in its values over a couple of days’ trading sessions recently. Meanwhile, the crypto market hasn’t intensified much-required efforts to capitalize on the rallying motion over some last hours until now as price trades around $174 at a rate …
Continue reading “Litecoin Price Prediction: LTC/USD Begins a Rally”
China has reignited plans of cracking down on Bitcoin mining and trading within its borders Bitcoin has dipped from $41k to a local low of $36,600 due to the news China’s government had announced and initiated a similar crackdown in 2018 which officially kicked off the bear market then The Chinese government has once again …
Continue reading “China Reiterates its 2018 Ban on Bitcoin Mining and Crypto Trading”
Ethereum could reclaim $3.2k to $3.5k in the short term This price target is reliant on Ethereum breaking the $3k ceiling Ethereum’s 50-day moving average is also acting as a resistance at the $3k price area The London Upgrade in July could assist Ethereum in rallying back to $4k Ethereum (ETH) could reclaim the $3,200 …
Continue reading “Ethereum Could Reclaim $3.2k to $3.5k in the Short Term – Report”
