The prospects for 2021 look bright as major forces driving adoption in 2020 will remain powerful. Propelled by Bitcoin’s record-breaking rally, the crypto industry is seeing off 2020 with flying colors. Amid all the tumult of this unprecedented moment in history, the digital asset space seems to have proven its resilience, making a solid case […]
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A terrible year has still presented a unique opportunity to rethink how money is managed and used in our society. 2020 has been a year of upheaval throughout the world. Overshadowed by the COVID-19 pandemic, the events of this year brought forth new challenges no one was prepared for, upending the way we live, work, […]
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The Bitwise 10 Crypto Index Fund has liquidated its XRP holdings. Bitwise Asset Management, one of the largest crypto fund managers, has fully divested from XRP amid the regulatory backlash against Ripple. In an official press release, Bitwise announced Wednesday that its position in XRP has been liquidated because its fund “does not invest in […]
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Compliance and regulations become more important than ever before for banks and traditional institutions that offer support for digital assets. More and more traditional banks have started announcing support for digital assets as the price of Bitcoin (BTC) continues to make headlines for record-breaking all-time highs. Even major banks like JPMorgan Chase, which previously frowned […]
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Crypto banks offer an integrated solution that is connected to the traditional financial world — which, most importantly, is compliant with regulations. The crypto space has come a long way since its inception in 2008. Many areas have improved over the last 12 years, such as custody and exchange solutions. If you ask the early […]
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A top ten crypto index by Bitwise has outperformed the assets themselves as FOMO takes hold. Leading crypto fund manager Bitwise Asset Management has announced that its 10 Crypto Index Fund is trading at a much higher premium than the underlying assets it represents. The BITW fund saw record initial trading volumes with shares in […]
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Depositors using Fidelity Digital Assets custody will be able to access liquidity via BlockFi. Fidelity Digital Assets, the crypto arm of the asset management conglomerate, will allow institutional customers to pledge their Bitcoin (BTC) as collateral for cash loans. As reported Wednesday on Bloomberg, the firm partnered with crypto lender BlockFi to disburse the loans. […]
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The hotly anticipated layer-1 chain looks to be getting its ducks in a row. In a move that may signal that a mainnet launch is just around the corner, Flow — the blockchain from Cryptokitties and NBA Topshot developers Dapper Labs — has launched the Flow Port: a tool for token holders to manage, stake, […]
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As big players continue to enter the crypto space, institutions are becoming mega HODLers. Without a doubt, Bitcoin (BTC) has become an increasingly popular asset to own among institutional investors. By the end of the second quarter of 2020, Fidelity reported in a survey of almost 800 institutional investors that 36% owned crypto assets. A […]
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Bitcoin price has lost the $18,000 support level but several whale clusters below suggest that the dip will get aggressively bought up. Bitcoin (BTC) price dropped below the $18,000 support level on Nov. 22. This comes after BTC continuously saw high over-the-counter (OTC) and institutional volume throughout November. BTC/USD 1-hour chart. Source: Tradingview Data suggests […]
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