To the investment world, Bitcoin just doesn’t make sense. An asset with no financials, no quarterly earnings reports, no management to speak for it on investor calls, no valuations, no annual report, no head office, nothing. How does one value something like this in order to invest in it? There’s a simple answer – They...Read More
MicroStrategy made a huge splash when it chose Bitcoin as its Primary Treasury Reserve Asset, a move, the implications of which, are yet to sink in among many in the crypto-community. In fact, MicroStrategy Founder and CEO Michael Saylor invested a massive $500M off its balance sheet in Bitcoin. The fact that Michael got acquainted...Read More
When it comes to the altcoin market, the past few months have shown how important a cryptocurrency Ethereum is. With DeFi growing substantially in 2020, the gains have been felt by ETH in many ways. While ETH has miles to go before it can challenge the market cap and dominance of Bitcoin, its remarkable growth...Read More
What’s the tipping point for Bitcoin Futures on top derivatives exchanges like the CME, an exchange that has recorded a daily trading volume of over $300M and Open Interest of over $400M, consistently, for the past 3 months. Source: Skew Well, a small shift in Open Interest or trading volume can have a cascading effect...Read More
Bitcoin’s use-cases have evolved quite a bit over the past decade. For many investors, the right amount of exposure to the crypto-market and assets like Bitcoin can be extremely useful as a hedge, especially when compared to traditional assets like the S&P, Gold, etc. Compared to the latter assets, Bitcoin has also been able to...Read More
In light of rising institutional interest and Bitcoin’s press time RoI of 53.17% YTD, it may be the right time to evaluate what comes after 60/40. Once the mantra of Wall Street Bulls, 60/40 is now a passé strategy. Allocating 60% broadly to stocks and 40% to bonds assured relatively good returns with low-risk exposure...Read More
In the cryptocurrency world, every sign is a bullish sign. From China getting into blockchain, to Facebook launching its own cryptocurrency, to Donald Trump tweeting about Bitcoin, nearly everything can be construed to be a sign of the upcoming bull run. Needless to say, not all of these signs actually have any backing behind it....Read More
2020 saw Ethereum [ETH] briefly take over Bitcoin’s lead in the market. However, this growth was the result of the boom witnessed by the decentralized finance [DeFi] ecosystem. According to data provided by Skew, the price volatility of Ethereum and Bitcoin are converging. The converging spread of the Ether-Bitcoin 6-month at-the-money [ATM] Implied Volatility had...Read More
Multiple mining groups in China have announced that they will fork Filecoin’s blockchain as they claimed to be dissatisfied with mining rewards, according to a report in Sohu.com, a Chinese media company. Moreover, the announcement has come just weeks before Filecoin’s mainnet launch in October. With regard to the fork announcement, Weiping Han, Chairman of MIX...Read More
Members of European Union have decided to make use of distributed ledger technology and adopt crypto-assets such as stablecoins, by 2024, in order to introduce new regulations to make cross-border payments cheaper and quicker according to two EU documents received by Reuters today. According to the report, this move from the European Commission was a...Read More
San Francisco-based venture firm, Blockchain Capital has joined Facebook’s Libra Association to make its network of experts and industry heads available to advise on the Association’s creation of a ‘global payment system,’ according to an announcement today. Libra’s head of policy and communications, Dante Disparte, said in the release that their new member, Blockchain Capital,...Read More
Hacked crypto exchange Cryptopia’s assigned liquidator, Grant Thornton New Zealand shared an update that Cryptopia account holders will soon be able to register to claim their trapped crypto funds, which in total is worth nearly $100 million. The claims registration process is said to open by the end of the year, however, the release did not...Read More
The East-Asian market is the largest in the cryptocurrency landscape, accounting for a whopping 31% of the total volume over the past year. It is also home to the highest mining activity with China controlling close to 65% of the total Bitcoin hash rate. While the trading volume is driven by a robust professional group...Read More
Utrust, a blockchain powered crypto payment gateway that gives e-commerce businesses the option to accept cryptocurrencies like bitcoin and ethereum, announced its integration with Kompakt, a Cologne-based electronic music record label company. This would allow the music company’s fans to pay in digital currencies like BTC, ETH, and also UTC token when they buy merchandise...Read More
San Francisco-based crypto exchange Coinbase announced today that it would now support Loopring (LRC) and yearn.finance (YFI) at Coinbase.com and in the Coinbase Android and iOS apps. LRC and FYI were made available in all Coinbase-supported regions, with the exception of New York, USA. The announcement has been made public almost a week after Coinbase...Read More
Bitcoin has been, by far, one of the market’s best-performing assets, despite periods of stagnation in 2020. Given the present economic condition and the uncertainty that is prevalent, Bitcoin has been pitted to be the go-to store of value asset, giving the likes of monetary metals like gold stiff competition. This has also led to...Read More
DeFi’s explosion has fueled Ethereum’s transaction fee hike and the subsequent price rally. When DeFi exploded on 2 September 2020 and later, on 5 September 2020, the figures for Total Value Locked hit $9.6 B on the charts. In fact, Ethereum’s price hit a new high of $484.15, corresponding to DeFi’s rally. Source: Coinmarketcap Not...Read More
U.S based cryptocurrency exchange Coinbase Pro announced in a tweet today that the exchange would begin passing network fees to its customers with network fees (otherwise known as Gas on the Ethereum blockchain) which is paid directly to cryptocurrency miners that process transactions and secure the blockchain networks. To ensure a smooth experience for our...Read More
Bitcoin’s status as a safe-haven asset has been one of its key selling points for a long time. In fact, this has enabled the world’s largest and most dominant cryptocurrency to welcome more users into the ecosystem, especially in light of the fact that citizens in failing economies are rapidly losing faith in their depreciating...Read More
Dips are a common phenomenon in every financial market. Whatever goes up, has to come down – Momentarily, or otherwise. The same is true for Bitcoin. While many novice traders fear the sight of a price decline, opportunistic traders observe it from the perspective of accumulation for the long-term. Ecoinometrics’ latest newsletter on previous Bitcoin dips...Read More
Crypto exchange Binance.US announced listing of Uniswap (UNI) token, which is used for governance actions in the Uniswap protocol, a decentralized automated liquidity protocol built on Ethereum. The exchange further announced that UNI tokens will be available in the UNI/USD and UNI/USDT trading pairs with deposits going live from today. https://t.co/AZwoBOy3iq will list $UNIhttps://t.co/e4p5PT6CYR pic.twitter.com/BBPVm64KOo...Read More
Ethereum‘s network has for long faced scalability issues that have all contributed to gas fees climbing to newer and greater heights. A recent example of this was observed when Uniswap, a decentralized trading platform, announced the launch of its governance token UNI on 17 September. 1 billion ERC-20 tokens will be released over the next...Read More
IOHK, announced in a blog today that it would offer $250,000 in public funding to Project Catalyst which is an experiment to get more developers to build decentralized applications or dApps on the Cardano blockchain. Moreover, users who hold Cardano’s native crypto, ADA would be able to submit their ideas, collaborate, vote and award funds...Read More
U.S. Treasury Department sanctioned two Russian nationals, Danil Potekhin and Dmitrii Karasavidi for their alleged involvement in a phishing campaign that resulted in losses of around $16 million worth of cryptocurrencies from users’ accounts in two U.S.-based and one foreign-based cryptocurrency exchanges. Secretary of the Treasury, Steven Mnuchin published a tweet that stated: As innovation...Read More
The volatile crypto market has presented numerous opportunities for the traders to reap benefits and also suffer losses. However, the past week’s loss could have been a great opportunity for the accumulators. Bitcoin kickstarted the week is valued at $10,340 and ended almost at the same value, although the coin fluctuated within the $600 range...Read More
Bank for International Settlements (BIS), which is an international financial institution owned by central banks posted a job announcement today that stated a requirement for a “host” of blockchain experts to join the BIS Innovation Hub. Daydreaming about creating your own currency? Join the #BISInnovationHub, and make it happen #blockchainjobs #cryptojobs #CBDCs #blockchain #DLT https://t.co/5xqatNVt3C...Read More
U.S. Department of Justice charged five Chinese citizens for launching malware that led to the crypto-jacking of computers to mine cryptocurrency. However, the indictment did not mention which cryptocurrency the Chinese cybercriminals tried to mine. According to the release the cybercriminals are said to be fugitives in China with one of them claiming connections to...Read More
San Francisco-based Bitcoin and cryptocurrency exchange, Kraken today announced that U.S state of Wyoming approved Kraken’s application to form Kraken Financial which would allow it to provide seamless banking services between cryptocurrencies and fiat for Kraken clients in the U.S. This move would make Kraken Financial the world’s first Special Purpose Depository Institution (SPDI) based...Read More
We’ve all heard of the dollar-cost averaging strategy. If you invest the same amount of money, on a periodic basis, irrespective of ups or downs in the market, you’d be better off. This simple strategy is advocated as the crux of any systematic investment plan, but very few people actually do it, and even less...Read More
Banned or not, cryptocurrencies made its way to India, and traders have not shied away from the opportunity to explore their investment options. Among top cryptocurrencies, Bitcoin has been the most-opted for crypto given its history and dominance above other alts. As the BTC market has been providing great opportunities for traders to enter the...Read More
