Bitcoin Makes No Sense to Wall Street For the most part, traditional hedge funds have avoided Bitcoin like it’s the plague. Just look to the front page of CNBC and other mainstream business news outlets, which often push articles that cite mainstream economists and legendary fund managers — like Warren...
Bitcoin Goes on A Tear Bitcoin has been on an absolute tear over the past week. According to analytics site Coin360, the asset is up around 22% in the past seven days. As of the time of writing this article, the flagship cryptocurrency sits snug at around $11,700 — down $2,300 from...
Brad Garlinghouse, the CEO at American fintech Ripple Labs, is reportedly planning to make several strategic investments and acquisitions. A few deals are already being negotiated. This, after the San Francisco-based company released its Q2 2019 report, which revealed that Ripple had sold $251 million worth of its native digital...
Opinion: Bitcoin is Needed Now More Than Ever If you told economists twenty years ago about Bitcoin (BTC) and negative-yielding debt, they would be shocked. In the 1990s or even the 2000s, decentralized digital money and a bond that made your money disappear with time would have seemed abstract — quite abstract....
Despite many in the crypto community disliking the idea of “Bitcoin as an asset” rather than a currency, there’s no denying that Bitcoin has been dominating the market in terms of value increased since May 5th of this year. Since Bitcoin’s dip in December 2018, the currency has consistently outperformed...
Don’t Forget About Bitcoin ETFs So here’s a hot reminder, Bitcoin exchange-traded funds (ETFs) are still a thing. While these financial products were all the rage in 2017 and 2018, the hype around ETFs tracking the performance of the crypto market has seemingly died down, for seemingly no reason. Now,...
A large number of cryptocurrency-based loans have been issued, however lenders are not earning significant profits. Approximately $4.7 billion in crypto loans have been issued so far, and only $86 million has been earned through interest payments, according to Graychain’s report on the collateralized digital assets lending industry. Only 1.8%...
Bakkt Ready to Go at Last For those who have been living under a crypto rock, Bakkt revealed Friday morning that it is (finally) ready to launch its flagship product, physically-backed (Bakktted, haha) Bitcoin futures. In a blog post that quickly became the talk of the town on Crypto Twitter,...
Giant multinational commercial bank, Santander Group is reportedly expanding its use of Ripple’s financial products. The Madrid-based financial services company is working on a “payment corridor” that would allow Latin American residents to send funds to the US instantly and at no cost. Ripple’s xCurrent-based One Pay FX to Serve...
Although crypto continues to flourish with acceptance mounting each day, there are some who still consider use cases for Bitcoin to be far less versatile than one could hope for. Many still search for more convenient replacements for the currency, including altcoins and even additions to the Bitcoin network. Among...
Digital currency exchange INX Limited is planning to raise as much as $129.5 million via an IPO. INX’s management will generate capital through a security token sale that has been registered with the US Securities and Exchange Commission (SEC). Founded in September 2017, the Gibraltar-based crypto exchange submitted a draft...
The R-word – recession – passed the lips of US president Donald Trump yesterday, and despite recent price action, that’s a positive for bitcoin. The consensus of analyst opinion is that there will not be a recession in the US this year or next. But, as we shall see, those comforting...
