Cryptocurrency Analysis and News Portal
Implications for the crypto markets could be far reaching as about 60% of bitcoin and ether exchanges are trades versus a stablecoin, and stablecoin lending has become an important part of centralised and decentralised finance (DeFi), the note added. DeFi is an umbrella term used for lending, trading and other
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Mining for cryptocurrencies can be highly energy intensive, with bitcoin mining alone requiring the same amount of electricity as the Netherlands' annual total power generation, or 0.5% of total global electricity consumption, Morgan Stanley said in a report entitled “ESG Considerations.” Source
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Attempts to regulate DeFi and NFT markets could see less demand for transactions on the Ethereum network. Original Source
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The recovery of the stolen BTC from the 2016 Bitfinex hack was the news of the day. That story’s protagonists, though, they’re legends in the making. You can already tell that Ilya Lichtenstein and Heather Morgan will live forever in meme form. The story is so unlikely that many people
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Bitcoin's 50% drop from November's record high is nothing new and the correction is within historical norms, Morgan Stanley said in a research note entitled “State of the bear market.”Estimating the fair value of cryptocurrencies is difficult as they trade in a speculative manner, helped by the large availability
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On Sunday, Hayden Adams, CEO and founder of popular decentralized exchange, or DEX, Uniswap (UNI), claimed that his JP Morgan Chase bank accounts were shut down with no explanation. In addition, Adams stated that the incident was personal in nature as he knew "many individuals and companies who have been
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Cryptocurrency’s usage as a payment vehicle/exchange of value is what should drive its valuation in the long run. However, the market has been trading most cryptocurrencies like speculative risk assets, as evidenced by the correlation between bitcoin and equity markets in the last six months, the report said. Source
Read MoreAccording to a Morgan Stanley executive, the young and adventurous usually go for crypto, while older investors stick to more traditional assets.In a Sept. 8 interview with CNN anchor Julia Chatterley, Morgan Stanley’s head of emerging markets and chief global strategist Ruchir Sharma stated that the generational divide when it
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