Bitcoin has proved itself to be a supreme store-of-value in this pandemic-ridden world. But can the world’s first cryptocurrency flip the US Dollar to become the ‘global reserve currency’? The US Dollar Has Been The Global Reserve Currency For 100 Years Now Ruchir Sharma, Morgan Stanley Investment Management’s chief global strategist, went candid in his...Read More
Bitcoin demand is not only expanding among individual traders and crypto enthusiasts, but has also managed to attract institutions, hedge funds, and corporates. Many traditional financing institutions have included Bitcoin in their portfolios and are increasing their hold on Bitcoin. Now that there is less than 2.434 million Bitcoin left to mine, the race to...Read More
Bitcoin visited $17,600 and rebounded to $18,300 at the time of writing. The altcoin market followed Bitcoin’s price movement over the past few hours. Tezos tested support at $2, and FTX Token saw a decline to $4.08 before bulls pushed the price upward to $4.27. Crypto.com Coin appeared to resume the previous bearish trend that...Read More
Bitcoin has established itself as a profitable investment asset and it is becoming more evident as more institutions flock to include the digital asset in its portfolio. According to Bitcoin Treasuries, companies including, Grayscale, MicroStrategy Inc., Square Inc. together own a sum of 0.888 Million BTC or 888k BTC. This value is expected to only...Read More
The bearish market sentiment was reflected by Litecoin and IOTA as they dropped strongly beneath support over the past 24 hours. Synthetix has not seen much buying volume over the past few weeks and could see a deeper correction. Litecoin [LTC] Source: LTC/USD on TradingView LTC saw the $80 support lose its footing decisively over...Read More
Bitcoin dominance rose marginally to 64%, meaning that the altcoin market was dropping in value slightly faster than Bitcoin over the past few hours. Polkadot and Steem showed strong bearish momentum as they lost important levels of support to the bears in the last few hours. Ethereum Classic reflected market sentiment and posted losses as...Read More
Bitcoin’s price seems to be losing its foothold as the price suffered a drop of 5% in the last 8 hours. Considering the situation more of this could follow. How much? Perhaps, an average drop of 30% can be expected, especially during bull runs. Bitcoin Corrections Historically, bitcoin seems to correct during bull runs and...Read More
Trading in various financial products has taken a new turn over the last few years, with the financial landscape becoming increasingly available to retail investors. In order to cater to such needs, various platforms have taken the step forward, in order to provide the best services. In light of that development, ROinvesting is quickly becoming...Read More
Why Bitcoin will replace US Dollar as the World’s Reserve Asset is as much a story of the United States Dollar, as it is of Bitcoin. It started when United States GDP was a third of the world’s GDP and even larger when it comes to the manufacturing sector, at the close of the second...Read More
Traders who witnessed Bitcoin’s 80% drop in price following the 2017 Bull Run to ascent from $1000 to new ATH of $19891.99 on Coinbase in 2020 have seen it all. The rally of massive volatility, the quiet rally and the quietest ever rally. Despite the media attention, a certain degree of hype on social media,...Read More
The major UK financial institution Standard Chartered has partnered with Northern Trust on the launch of their mutual cryptocurrency-related project Zodia. Launching a Cryptocurrency Custody Business for Institutional Investors According to an official press release, the innovation and ventures unit of Standard Chartered, SC Ventures, has formed a partnership with Northern Trust – a Chicago-based financial...Read More
The cryptocurrency community has been building a self-sustaining ecosystem to make users financially independent. On one hand, it has been looked upon as an alternative to the current financial system, on the other, notorious groups have been making use of cryptocurrencies only to have regulators label them a potential threat. Illicit use includes hacking and...Read More
AAX Exchagne has revealed that it is to roll out support for 11 fiat currencies this month, allowing users to deposit and withdraw funds via bank transfer. At the same time, it’s integrated the newly added currencies into its multi-currency wallet alongside USDT. The news will be welcomed by AAX users who have lacked a...Read More
Trading crypto is undeniably a trend nowadays. Nevertheless, many people don’t fully understand what it is. Cryptocurrency changes very fast, and, if we compare it with other products of the financial market, it is still brand-new. The main doubt that beginners have when they start trading is the safest way to do the trading itself....Read More
Abstract: In this piece we look at the exchange-traded bitcoin products on offer in the market. Grayscale is the current clear leader, with over 550,000 bitcoin under management in its Bitcoin trust. We examine various issues with the Grayscale product, including the lack of redeemability and the fact that it trades at a large premium...Read More
One of the leading cryptocurrency exchanges of India, Giottus supports the Flare Network airdrop for XRP holders. The Flare Network airdrop snapshot will be taken on December 12, 2020, at 5:30 am (IST) and all users must transfer their XRP coins to Giottus or other supported exchanges. Giottus Official Announcement While there are few other...Read More
After a week of choppiness around $19,000, Bitcoin dropped beneath $18,600 and was trading at $18,135 at press time. Binance Coin looked set to drop to support at $26.7. Monero, one of the strong performers over the past couple of volatile weeks, would seek to halt losses at $127. Dogecoin saw a breakout to the...Read More
Yearnify Finance is considered one of the most innovative sources of passive income by most of the investors. It has drawn attention due to its potential high returns and extreme security majors What is Yearnify Finance? Yearnify Finance is a community-centered DeFi-project, modeled to take the successful features of Yearn Finance (YFI), and improve upon...Read More
New York, December 09, 2020,/AMBCrypto/ – DeFiChain, a blockchain specifically dedicated to decentralized financial applications, has today announced the official launch of liquidity mining (known also as yield farming) on their decentralized exchange – DeFiChain DEX. As a promotion to introduce the yield farming launch, DeFiChain has also launched the DEXember campaign – providing a full...Read More
Bitcoin dropped from $19,156 to $18,248 at press time, marking close to 5% loss over 24 hours. The altcoin market reacted by posting losses as well. Chainlink could see a bounce off the $11.9 level of support before another move downward, while Bitcoin SV appeared to lose the $172 level to bears. EOS was unable...Read More
One of the leading International banking groups, Standard Chartered has taken its first step towards cryptocurrency. Its innovation arm, SC Ventures announced a partnership with Northern Trust to launch an institutional-grade custody solution for cryptocurrencies, called Zodia Custody. Many banking groups around the world have already ventured into crypto in some form or another. Reports...Read More
The company’s Bitcoin and Ethereum stock traded products have seen $429 million invested last week. It added that this has been the second-highest crypto investment product inflow on record. The latest report from CoinShares stated that total assets under management now total a record $15 billion. It highlighted Ethereum, which stood out over the past...Read More
