U.S. cryptocurrency exchange Kraken reveals that it is considering a 12-18 month timeframe for IPO Market conditions may be favorable at the time for Kraken’s prospective IPO if institutional adoption kicks off Investors in Coinbase Global’s (+1.14%) direct listing can’t be a happy lot. Expectations were high that when America’s largest cryptocurrency exchange was listed […]
Rising majority of Wall Street fund managers believe that Bitcoin is in a bubble, despite recent pullback in prices Wider institutional embrace of cryptocurrencies by Wall Street names betrays their overt calls that Bitcoin and cryptocurrencies are in a wider bubble and may be symptomatic of the recent shift in influence from professional money managers […]
Bitcoin clears US$40,000 and rises to highest level in over two weeks Key technical resistance levels will need to be breached for another run back to US$50,000, greater institutional adoption and potential for U.S. Bitcoin ETF remain strong bullish factors With more twists and turns than a daytime soap opera, like Bitcoin through the blockchain, […]
Musk tweets to consider accepting Bitcoin for Tesla again if it becomes more environmentally-friendly in mining Major upgrade for Bitcoin looks likely to gain consensus, which will allow higher levels of privacy, open the prospect for multisig wallets and improve scaling developments Over the weekend, Bitcoin jumped over US$39,000 after Elon Musk declared that Tesla (-0.04%) would […]
Basel Committee proposal puts heavy burden on banks looking to custody cryptocurrencies Capital requirements proposal for banks by the Basel Committee legitimizes cryptocurrencies just as El Salvador recognizes Bitcoin as legal tender “You have to spend money to make money” and when it’s come to banks dealing in Bitcoin, that adage might be more literal […]
El Salvador declares that Bitcoin is legal tender and mandates its acceptance for payment for goods and services, as well as tax Experience of El Salvador may provide a template for other remittance-reliant countries to consider co-opting Bitcoin as legal tender to reduce reliance on the dollar and reduce the costs of remittances A decentralized […]
Bitcoin has its “Come to Jesus” moment as technical indicators point to ominous “death cross” which typically preludes continued weakness If chartists are to be believed, “death cross” can also usher in a “golden cross” and sharp rallies in the subsequent periods The cryptocurrency cross is a heavy one to bear – one minute you’re […]
Investors are increasingly looking for alternatives to fiat currencies Institutional investor crowd still divided but some see a possibility where both gold and Bitcoin can rise in tandem Gold has seen massive inflows, both for the precious metal itself and gold ETFs, at a time which coincided with sharp corrections in Bitcoin, leading some to […]
Bitcoin may be collateral damage as Beijing targets dollar-based stablecoins Dollar-based stablecoins popular with the Chinese as it allows them to spirit away money from the Middle Kingdom, bypassing all capital controls “How much USDT do you want?” The conversation flows freely on Weibo, a Chinese microblogging site where over-the-counter or OTC dealers provide […]
Cryptocurrency markets appear to be deleveraging, which should assist a reduction in volatility Increased hedging activity seems to suggest that investors are getting more sophisticated (as opposed to openly bullish) and measured in their approach to the market While meme stock traders may still be in their hoodies and flip-flops, there are increasing signs […]