The investment firm forecasts trouble from cryptocurrencies based on current short-term trends. Cryptocurrency markets could soon hit lower lows and continue their record bear market, investment and analysis firm Fundstrat Global Advisors warned in an email quoted by Bloomberg on Feb. 6. Writing to traders, one strategist at the firm, Robert Sluymer, forecast that on […]
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JPMorgan strategist Nikolaos Panigirtzoglou said that Wall Street institutions could become more interested in Bitcoin soon. JPMorgan’s Global Market Strategist Nikolaos Panigirtzoglou says that Bitcoin (BTC) could make a resurgence on Wall Street, according to an article published by CNBC on Feb 6. “The stability that we are seeing right now in the cryptocurrency market […]
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Matt Hougan expressed his idea that most cryptocurrencies will die, and the “sooner that happens, the better.” Matt Hougan, Global Head of Research at Bitwise Asset Management and president at ETF.com, expressed his idea that most cryptocurrencies will die in an interview with Bloomberg published on Feb. 5. During the interview, Hougan declared that he […]
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Gerald Cotten, recently deceased CEO of Canadian QuadrigaCX, reportedly left all of assets to his wife. Gerald Cotten, the recently deceased CEO of major Canadian crypto exchange QuadrigaCX, had filed a will 12 days before his death, Bloomberg writes Tuesday, Feb. 5. According to the documents obtained by Bloomberg, Cotten signed his last will and […]
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A member of the Dubai royal family has backed a Liechtenstein-based cryptocurrency management firm, Invao Dubai royal and Emirates Group chairman Sheikh Ahmed bin Al Maktoum is backing Lichtenstein-based cryptocurrency fund manager Invao, according to a report from Bloomberg on Feb 5. The fund management firm purportedly aims to secure more investors in the United […]
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Major global banking payments network SWIFT announced its collaboration with R3. On Jan. 30, major global banking payments network SWIFT announced it plans to launch a proof-of-concept (PoC) of a gateway — titled GPI Link — that will allow blockchain software firm R3 to connect to SWIFT’s Global Payments Innovation (GPI) payments from its platform. […]
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The valuation of the crypto market dropped $10 billion following the expiration of Bitcoin futures contracts. On Jan. 29, the valuation of the crypto market plunged by more than $10 billion within a 48-hour period, from $121 billion to $111 billion. Major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) recorded losses in the range […]
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The International Monetary Fund claimed that the growth of blockchain in Malta has created major risks of money laundering. Last week, the International Monetary Fund (IMF) claimed that the growth of blockchain in Malta has created major risks of money laundering and terrorism financing in the island’s economy, as per the local media. Malta is […]
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Institutions like Fidelity have not shelved their crypto plans completely, and are moving ahead with trading and custody projects. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making […]
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Proof-of-stake token investors have a unique option to survive the protracted crypto market slump: staking their holding for the block rewards. A Bloomberg article published today, Feb. 1, suggests that proof-of-stake (PoS) token investors have a unique option to survive the protracted crypto market slump: staking their holdings. In blockchains that use a PoS system […]
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