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The combined market cap of the broader cryptocurrency market is now hovering at $ 282.7 billion, with bitcoin’s dominance just below 67 percent. So is it retail investors or big institutions driving the market? It depends on who you ask. Grayscale Investments attracted nearly $ 85 million to its coffers in Q2 2019, more than three-quarters of […]
The post Big Crypto Investors Flock to Grayscale, Sending Q2 AUM to $ 2.7 Billion appeared first on CCN Markets
The Dow struggled to assemble a fifth consecutive gain on Tuesday, even as timid investors raced back into equities just one week after triggering the largest domestic stock fund exodus in half a decade. Dow, S&P 500, and Nasdaq All Struggle Wall Street’s major indices were little changed during the morning session, placing the stock […]
The post Dow Spins Tires as Timid Investors Plow Back Into Stocks appeared first on CCN Markets
The U.S. Commodity Futures Trading Commission has approved Ledgerx to offer physically-settled bitcoin spot and derivatives trading, previously available only to institutional investors, to retail investors of any size. Ledgerx explained that its new platform will share the same order book as the current institutional offering so plenty of liquidity is expected from day one.
Also read: Indian Cryptocurrency Regulation Is Ready, Official Confirms
The Commodity Futures Trading Commission (CFTC) announced Tuesday that it has approved the application of Ledgerx as a Designated Contract Market (DCM), effective Monday. The New York-based subsidiary of Ledger Holdings Inc. subsequently announced:
By CCN Markets: Since June 10, bitcoin has been on a strong upside movement supplemented with large volume across major crypto markets. On Friday, the bitcoin price hit $ 9,800 on leading exchanges in the likes of Coinbase, Binance, and Bitstamp, achieving a new 2019 high following a 162 percent year-to-date gain against the U.S. dollar. As the bitcoin price nears the so-called “FOMO” level at $ 10,000, which has been considered as a psychological level by many investors in the crypto market, investors anticipate the momentum of the asset to strengthen in the near term. How would bitcoin move after breaching
By CCN Markets: According to The Korea Herald, Bithumb and four other major crypto exchanges in South Korea have formally changed their terms of service to become liable for potential hacking attacks that may affect users. The report read: “Five cryptocurrency exchanges have changed their terms of service in a way that they can be liable for problems caused by potential cyberattacks or system malfunctions, even if operators are not willfully or grossly negligent, South Korea’s antitrust regulator said Monday.” The change in terms of service by exchanges follows the encouragement of the Korea Blockchain Association toward exchanges to establish
Institutional investors may have more of an influence over the price of Bitcoin (BTC) than many might believe. As detailed in a recent article by Bloomberg, JPMorgan (JPM) strategists led by Nikolaos Panigirtzoglou published a report on Friday with data from CoinMarketCap asserts that the gap is closing between retail and institutional Bitcoin trading volumes. […]
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Binance, the world’s largest crypto exchange, began the year by enabling direct fiat purchases of major cryptocurrencies using debit and credit cards. The partnership with Simplex allows Binance users to buy Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and XRP (XRP) with Visa or MasterCard. This week, Binance expanded its fiat gateway to […]
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XRP (XRP) investors have another reason to celebrate after a major technical indicator made a bullish crossover on Tuesday. According to the XRP/USD chart, the altcoin’s 50-day moving average has moved above the 200-day moving average — a chart pattern known as a golden cross that is typically seen as an indication that a major […]
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In February, XRP (XRP) finally gained a coveted listing on Coinbase, a long-awaited milestone for the third-largest digital currency. However, at the time, investors in New York were barred from investing in the cryptocurrency, leading some to speculate that Coinbase viewed XRP as a security. These worries have seemingly been put to bed, as Coinbase announced Monday that […]
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Rising cryptocurrency markets may once again arouse the interest of new investors. The crypto space has its specifics and it takes some effort to acquaint oneself with the terminology. Decryptionary has been created to impart the basic information you need to start understanding Bitcoin better.
Also read: How to Generate QR Codes for Crypto Payments
Decryptionary provides concise definitions of many terms that are widely used in the crypto industry. You have the option to look up a specific word or phrase relating to cryptocurrencies and distributed ledgers using the site’s search bar. Alternatively, you can access the full contents of the online dictionary where entries are listed by first letter or number.
Financial services giant Fidelity Investments, which manages more than $ 2.6 trillion in client assets, recently published a report detailing the institutional investor landscape as it relates to digital assets. Institutional investments likely to increase over next 5 years. New #digitalassets research: https://t.co/3Lq5h5ITbT pic.twitter.com/9FTypatN8b — Fidelity Digital Assets (@DigitalAssets) May 2, 2019 According to the report, a […]
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A new study reveals surging investments in cryptocurrencies by institutional investors, with almost half of them viewing crypto assets as having a place in their portfolios. “Institutional investors are overwhelmingly favorable about the appealing characteristics of digital assets,” Fidelity Investments described.
Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request
Fidelity Investments released the results of its new survey and study on institutional investors’ crypto asset investment strategies on Thursday. Noting a significant rise in interest among intermediaries and institutions, the company wrote:
Grayscale Investments, a digital asset management firm founded by Digital Currency Group, launched a major marketing campaign on Wednesday to try and sway institutional investors to drop their investments in gold and begin positions in Bitcoin (BTC). According to the accompanying announcement, the #DropGold campaign promotes the emergence of Bitcoin as a viable digital asset […]
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Grayscale Investments is weighing in on the gold versus bitcoin debate. Its two sats? Drop the bars, buy the bits (and the dip).
The Digital Currency Group off-shoot has launched a “Drop Gold” campaign that encourages investors to ditch the old asset for its digital counterpart, bitcoin.
“Everyone loves a piece of gold jewelry, but is gold really the best investment in today’s digital world?” This is the rhetorical question that the website challenges its readers to consider. “Gold represents the past,” it continues, saying that Nixon dropped the gold standard that backed USD back in the ’70s.
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
Some great news today for all crypto-holders and investors: top crypto-lending platform MoneyToken has just released a unique VIP Customer Service Program for major asset holders and institutions.
MoneyToken’s VIP clients gain exclusive access to their own Personal Manager who will provide them with a 24/7 high-quality service and access to a list of benefits not found anywhere in the crypto lending world.
The price of Bitcoin (BTC) has seen a sharp increase in the past week, up over 30% — this has led to increased interest from investors all around the globe, including Wall Street. Aside from the price increase, the bitcoin network has been growing at a steady pace with approximately 400,000 daily Bitcoin transactions compared […]
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Investors in China are reportedly loading up on Bitcoin (BTC) at a premium based on the multi-step process required to turn fiat into most cryptocurrencies in the country. According to a recent analysis by cnLedger, Chinese traders are paying a fairly decent premium (~4.5%) to buy Bitcoin over the counter (OTC), paying 7 CNY for […]
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According to personal finance firm Credit Karma Tax, filers who reported short-term capital losses for cryptocurrencies in the first month of 2019 jumped fivefold year-over-year. After the incredibly bearish crypto markets of 2018, data from early tax filers highlights the fact that more investors are claiming losses this tax season. However, a survey the company recorded back in November found that the number of people deciding not to file crypto taxes has increased.
Also read: Bitcoin Cash Markets and Network Gather Strong Momentum in Q1
In this edition of The Daily we cover a planned U.S. regulated cryptocurrency exchange from Riot Blockchain, the arrest of a hacker in Japan who allegedly stole 15 million yen of monacoin, and a couple of new investors in Coinflex.
Also Read: US Sanctions Moscow’s Evrofinance Bank Over Involvement With Petro
Riot Blockchain, Inc. (NASDAQ: RIOT) has filed with the Securities and Exchange Commission (SEC) regarding its planned U.S.-based digital currency exchange, Riotx. The document shows that the company intends to launch trading on the exchange with bitcoin core (BTC), bitcoin cash (BCH), litecoin (LTC), and ethereum (ETH), paired with one another and also for U.S. dollars. Riot Blockchain explained it has selected these coins based on internal and external reviews, and will only include currencies for which it has full regulatory and legal authorization to list.
The Canada Revenue Agency (CRA) has apparently been specifically targeting bitcoin and crypto investors as part of its broader tax strategy to keep tabs on their cryptocurrency investments, including how they purchase these assets.
Forbes reported on this story in early March, detailing some of the tactics of the CRA, which include audits and questionnaires. In addition to subjecting cryptocurrency investors to audits, many of these same users have also been sent “comprehensive questionnaires to fill out regarding their bitcoin-related activity over the past years.” Reportedly, some sixty audits are actively ongoing.
