Category: Blockchain

Bitcoin (BTC) was down by 6.31% during intraday trading to hit $33,182, according to CoinMarketCap. This price drop is attributed to China’s intensified law enforcement against domestic BTC mining activity, whereby more than 90% of this sector has been affected.  These sentiments were echoed by crypto analyst Joseph Young who noted that a slow down in

Coinbase-backed cryptocurrency financial services company Amber Group raise worth $1 billion in funds, aiming at providing investors with many different cryptocurrency products for investment. The latest funding round continues a flurry of funding activity in the cryptocurrency sector. The financing was led by the well-known investment China Renaissance. In addition to Coinbase, other investors include Tiger Global

Spanish banking giant BBVA has announced that the financial institution launches a new Bitcoin trading service on Monday for private banking clients in Switzerland interested in digital asset investment. The Spanish Bilbao-based bank stated that it is starting to operate its new Bitcoin trading and custody services on Monday and plans to roll out services of other

Goldman Sachs has begun trading CME Group’s Bitcoin futures based on partnership with Galaxy Digital Digital as the selected counterparty entity. The trade is the first time when Goldman has used a digital asset company as a counterparty since the investment bank introduced its crypto desk last month. Galaxy Digital Digital will serve as Goldman’s

American investment bank Morgan Stanley analysts evaluate the potential impact of the proposed Digital Euro on the Eurozone member countries. According to a Reuters report, it was estimated that the launch of the Central Bank Digital Currency (CBDC) would significantly reduce traditional bank cash deposits by as much as 8% on aggregate. Many central banks

According to Santiment, an encrypted market data aggregator, approximately 90,000 Bitcoins have been accumulated by Bitcoin whales in the past 25 days. Bitcoin whales refer to holders who hold Bitcoin (BTC) with a value of more than 100 to 10K. During the intraday trading, Bitcoin was trading at $39,208.60. Therefore, for Bitcoin whales, their worth at

In an interview with CNBC’s “fast money” program, Michael Saylor, MicroStrategy CEO, sees a bright future of various cryptocurrencies, not limited to Bitcoin, saying that there is a place for all cryptocurrencies. The prominent bitcoin evangelist said that different crypt assets serve other purposes, but it might take time for the newly established coins to recognise

Ethereum (ETH) was down by 2.96% in the last 24 hours at $2,440 during intraday trading, according to CoinMarketCap. The second-largest cryptocurrency by market capitalisation shed off a considerable amount of value after plummeting to lows of $2,000 from an all-time high (ATH) of $4,350. Nevertheless, Ethereum whales are taking advantage of this situation to

Bitcoin (BTC) and Ethereum (ETH) have been the best risk-adjusted assets over the last year based on the Sharpe Ratio. According to data science firm IntoTheBlock: “The Sharpe Ratio is one of the most used metrics in traditional finance to assess the risk-return performance of an asset. When comparing the risk-adjusted performance of crypto