Cryptocurrency Analysis and News Portal
On Oct. 1, the cryptocurrency market experienced a 9.5% pump that drove Bitcoin (BTC) and Ether (ETH) to their highest levels in 12 days. A variety of reasons have been attributed to the price move, including the U.S. consumer price index, exchanges' diminishing supply, and a "cup and handle" bullish
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Cryptocurrencies are highly volatile assets. Even Bitcoin, the most valuable cryptocurrency in the world by market capitalization, is still subject to 20% to 30% swings in price on any given day. This despite the fact it is the pioneering crypto project responsible for birthing the entire blockchain technology industry beginning with
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Thailand's Bank of Ayudhya (BAY) – in which Mitsubishi UFJ Financial Group (MUFG) holds a 76.9% stake – participated in the latest funding round for the Asia-Pacific-focused crypto exchange Zipmex.The $41 million raise, which saw the participation of two publicly traded Thai media firms and overseas VC funds in addition to
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Texas-based investment manager U.S. Global Investors, which reported $4.6 billion in assets under management as of Q1 2021, has bought exposure to Bitcoin.According to Aug. 30 filings from the U.S. Securities and Exchange Commission, U.S. Global Investors added more than $566,389 worth of shares of Grayscale Bitcoin (BTC) Trust, or
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Ethereum trends show it’s becoming more valuable as ETH 2.0 draws near. Thus, institutional investors are clamoring to get in on the action before it is too late. A signal for this has been ETH Futures have been trading at a higher basis premium than BTC Futures on CME. ETH
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New filings with the United States Securities and Exchange Commission, or SEC, reveal that four wealth management companies have acquired shares of Grayscale’s Bitcoin Investment Trust, offering further evidence of institutional adoption of digital assets. As first reported by MacroScope, a Twitter feed devoted to institutional trading and asset management, the
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Global banking giants are reportedly increasing their involvement in the emerging crypto and blockchain firms by way of early- and late-stage funding for projects and businesses in the industry.According to research by Blockdata, a blockchain market intelligence outfit, 55 out of the top 100 banks by assets under management (AUM)
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New York-based investment management firm Neuberger Berman has filed for a commodity-focused fund to be able to gain indirect exposure to crypto investments. In a filing with the Securities and Exchange Commission today, the investment firm said its Commodity Strategy Fund would allow investors to have indirect exposure to cryptocurrencies and
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Atlanta-based investment company Invesco is planning to launch a new Bitcoin (BTC) exchange-traded fund, or ETF, that will not invest in BTC directly.On Wednesday, Invesco filed an application with the United States Securities and Exchange Commission, or SEC, to list a new investment product called Bitcoin Strategy ETF.The Invesco Bitcoin
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