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Galen Moore is a Senior Research Analyst at CoinDesk. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here.Fake volume became one of crypto assets' leading narratives of 2019, as a U.S. regulatory application for an exchange-traded product (ETP)
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The Bank of Russia, the country’s central bank, has reportedly started testing stablecoins pegged to real assets in a regulatory sandbox.Elvira Nabiullina, Russia’s central bank head, said that the bank doesn’t assume that those stablecoins will function as a means of payment or become a substitute for money, Russian
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Overnight, the bitcoin price rose to as high as $7,642 and is up by more than $1,200 within five days. With the reversal, the dominant cryptocurrency crucially avoided miner capitulation and retest of an ascending channel dating back to 2015.#1: No bitcoin miner capitulation, at least for nowAs reported by
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Bitcoin Cash (BCH) focused firm BitcoinBCH has potentially misled the public into believing that Bitcoin (BTC) double spends can be easily carried out.On Dec. 18, BitcoinBCH’s CEO Hayden Otto published a video on YouTube allegedly showing how TravelByBit’s Bitcoin Point of Sale (PoS) wallet misleads merchants into believing that
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Bitcoin price is down around 4% and it broke the key $7,000 support against the US Dollar.The price is likely to continue lower towards $6,500 or $6,200 in the near term.There is a short term contracting triangle forming with resistance near $6,880 on the hourly chart of the BTC/USD pair
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Throughout 2019, leaders from more than a dozen leading crypto projects told me they were distributing tokens to stimulate usage, development, and growth. Which raises the question: If companies are giving tokens away, do they have a legitimate business with organic demand? So far, it appears there’s more supply than
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A high-profile venture between startups Fluidity and Propellr was quietly shelved this summer, underscoring the hurdles real estate tokenization faces. Source
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Bitcoin price is currently correcting higher above the $8,600 resistance area against the US Dollar.The price is still facing a strong resistance near the $8,700 and $8,780 levels.Morning’s major declining channel is preventing gains near $8,705 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price could
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Ben Shaoul, a real estate magnate based primarily in New York City and the president of Magnum Real Estate Group, has sold a condo for $15.3 million all payed in Bitcoin(BTC)trade. The residential property located in Manhattan at the Upper East Side and was purchased by a Taiwanese buyer.Magnum Real
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Prominent New York-based real estate founder and developer Ben Shaoul has sold an Upper East Side retail condo for $15.3 million in Bitcoin (BTC), real estate-focused media outlet The Real Deal reports, November 11, 2019. $15.3 Million Condo Sold for BTC Shaoul, the founder of Magnum Real Estate Group – a New
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