Cryptocurrency Analysis and News Portal
[sociallocker id="55298"] China Zheshang Bank, a national commercial bank, used blockchain technology to issue an asset-backed commercial paper, or ABCP. It was issued as a part of the National Association of Financial Market Institutional Investors’s (NAFMII) pilot project for ABCPs.An asset-backed commercial paper is a short-term investment issued by financial
Read More
Warren Buffett’s Berkshire Hathaway has underperformed the broader stock market for a decade. If he followed his own advice and just bought an S&p 500 tracker fund, he’d be $81 billion richer. In fact, he’d be the richest man on the planet. It’s been a rough year for Warren Buffett. The March sell-off
Read More
[sociallocker id="55298"] Decentralized lending and borrowing platform Celsius Network has crossed $1 billion in total cryptocurrency deposits since its launch in 2018.The platform claims that it returns 80% of its total revenue to its users and has so far paid $17 million as interest rewards to its community of cryptocurrency
Read More
The U.S. stock market continues to climb despite record-high levels of cash hoarding among institutions. Bank of America reveals hedge funds holdings an eye-popping $591 billion as investors focus on low-risk bonds and cash. When the floodgates open, it may trigger a renewed bull market entering the second half of 2020. The U.S.
Read More
Ethereum’s budding decentralized finance (DeFi) ecosystem took a heavy beating after the March capitulation crash.As I detailed in an analysis for LongHash, what happened was that MakerDAO became unstable due to what some say is an erosion in trust in the protocol. Ethereum investor Parafi Capital wrote in a blog
Read More
Kingdom Trust, a South Dakota-based custodian managing more than $13 billion assets, is closely eying the tokenization sector.Speaking to Cryptox, Kingdom Trust chief executive, Ryan Radloff, revealed that the firm wants to tokenize the more than 20,000 alternative, crypto, and legacy assets that it currently offers custody services for. He
Read More
Ripple’s XRP token is going through a stagnation phase without giving any clear signs of where it is headed next. The cross-border remittances token has been contained in a narrow trading range since May 11.This area is defined by the $0.19 support and the $0.206 resistance level.XRP Consolidates Within Narrow
Read More
A large New York hedge fund dumped a boatload of Tesla shares in the first quarter of 2020. The electric car company is one profitable quarter away from being eligible to enter the S&P 500. The most widely followed trader on Twitter believes that Tesla offers a massive upside.
Read More
Grayscale, a major digital asset management fund, has continued to grow this year, with the total assets under management (AUM) hitting new highs.According to a May 19 tweet, Grayscale’s total AUM hit $3.8 billion, surging over 80% from $2.1 billion in May 2019.Bitcoin trust continues to gain momentum Grayscale’s Bitcoin (BTC)
Read More
A new study from Fortune Business Insights, a company offering market studies and consulting services, estimates the blockchain technology market will reach $21 Billion by 2025, according to GlobeNewswire’s report on May 12. It stated that: “The blockchain technology market size stood at USD 1.64 billion in 2017, and is projected to
Read More