Cryptocurrency Analysis and News Portal
Caitlin Long, a former Wall Street executive who has helped Wyoming enact 13 blockchain-enabling laws, is taking advantage of the progressive Wyoming legislature to establish a first crypto-native bank in the U.S. The bank’s name is Avanti, which means “forward” in Italian.Long made this announcement earlier today in a
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A new crypto bank tries to address some of the most fundamental issues for institutions that want to get into the space. An incredible amount of work has gone into convincing institutional investors that bitcoin (BTC) and other crypto should be on their radar. Now that many are convinced, however, they
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The U.S. may soon get its first dedicated bank for digital assets.A Wyoming corporation founded by blockchain legislative champion and Wall Street veteran Caitlin Long is preparing to apply for a special purpose depository institution (SPDI) charter with the state’s division of banking. The future bank is called Avanti, which
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Bitcoin took a substantial hit in trading on Monday, moving from $10,000 to $9,452, in just fourteen hours. The drop, which largely came on profit-taking sentiment, also saw Binance Futures registering one of its biggest long liquidations: worth $2 million.The overleveraged exit order did not switch Bitcoin’s long-term bias –
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The coronavirus outbreak in China may impose a longer-term impact on the bitcoin network’s mining activity at a time when an estimated 65 percent of its computing power is located there.While Chinese miner manufacturers see rising demand for new equipment ahead of bitcoin’s scheduled halving in May, they estimate the
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Rob Paone, aka Crypto Bobby, got his start as a popular crypto YouTuber and has gone on to help build a number of crypto companies before launching his own technical recruitment firm. Preethi Kasireddy is the founder of the TruStory debate platform. In two individual interviews as part of The
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It has been a profitable week, largely because I caught the big Bitcoin (BTC) move up from the local bottom. I closed a majority of my altcoin trades, some on tight stops and others at a decent profit. Overall, I’m very happy with the results, although as I mentioned last
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After a brief overnight recovery, bitcoin is getting battered along with the rest of the sector, but how much lower can we go? It's CoinDesk's Markets Daily. Source
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The bitcoin price has fallen by 50 percent since July from $13,900 to sub-$6,900. The steep drop caused mining to be less profitable, causing small miners to sell-off.Bad idea to long dropping bitcoin hashrateDuring miner capitulation, small miners and mining centers tend to sell-off their holdings to cope with declining
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Trading altcoins continues to be one of the most profitable strategies in the crypto market. The highlight of this week was the MATIC (MATIC) pump and subsequent dump, which I was lucky enough to time perfectly, securing a 60% profit near the all-time high. I closed a number of
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