The MVRV ratio is firmly sticking to its 2-year uptrend, with support in place for fresh all-time highs, says Stack Funds. Bitcoin (BTC) has support to climb all the way to $15,000 if historic trends repeat themselves this year, a new report says. Compiled by crypto index fund provider Stack Funds on Oct. 15, the […]
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Bitcoin still has ground to make up in the mainstream world. Following the news of Fidelity Investments’ Bitcoin (BTC) fund filing, Mike Alfred, CEO of analytics outfit Digital Assets Data, described continued hesitancy in mainstream finance when it comes to Bitcoin. “Many in the traditional financial services/asset management/wealth management verticals remain deeply skeptical of Bitcoin […]
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Mainstream finance continues piling into Bitcoin. Fidelity has filed for a Regulation D exemption with the U.S. Securities and Exchange Commission, or SEC, for a Bitcoin-based financial product. Known as the Wise Origin Bitcoin Index Fund, the product falls under the “pooled investment fund” category, according to the firm’s Form D filing, dated Aug. 26, […]
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With crypto trading products appearing ahead of the legacy financial curve, it’s only a matter of time before they enter the mainstream. In 2017, many traders and investors flocked to cryptocurrencies because they were attracted by the kind of returns not available in the less-volatile traditional markets. However, volatility inevitably comes with risks as well […]
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The $5.7 trillion asset manager Vanguard has completed the first phase of its pilot testing of settlements for blockchain-based asset-backed securities. Vanguard, the world’s second-largest index fund manager, has announced the successful completion of the first phase of its blockchain pilot trialing the digitization of asset-backed securities (ABS). The pilot has seen Vanguard partner with […]
Continue ReadingBinance taking the top spot on recently purchased CoinMarketCap has raised concerns among executives from other top crypto exchanges. For an industry that is supposed to be based upon decentralization, it appears to be getting crowded at the top, with a number of companies transforming into unspoken oligarchs, each wielding huge influence — or at […]
Continue ReadingInnovations in blockchain technology are changing the paradigm and even the concept of possessing gold. Gold’s history as a symbol of value dwarfs that of any other artifact. Used as money in both ancient Greece and the Roman empire, gold was also the preferred method of payment for goods along the Silk Road. When modern […]
Continue ReadingIn an interview this week, the Morgan Creek Digital CEO revealed reservations about Ripple’s giant XRP hoard and said the majority of altcoins will go to zero. One of cryptocurrency’s biggest hedge funds says it will keep avoiding XRP and Stellar (XLM) because their supply is too centralized. In an interview with YouTube series Thinking […]
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Several entities with pending crypto ETF proposals in the U.S. give their thoughts as to why no such crypto product has yet passed the test with the SEC. Over the past several years, many entities have submitted proposals for regulated Bitcoin (BTC) exchange-traded funds, or ETFs in the United States. So far, the Securities and […]
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Large crypto exchanges appear to have slowed misreporting of their trading volumes in 2019, according to a new Chainalysis report. Large crypto exchanges appear to have stopped misreporting their trading volumes in 2019, a new study by Chainalysis says. According to the New York-based blockchain analytics firm, there are still some crypto exchanges including Bitforex […]
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