The CEO of multinational investment bank JP Morgan Chase, Jamie Dimon, has stated that the newly-announced, not-so-crypto JPM Coin might one day be used by consumers. The digital asset currently being trialled by the institution and its partners will be pegged to the value of the dollar, thus offering little to no innovation. Dimon has…
Julius Baer announced today that it would offer crypto services to its clients all across the world. Switzerland’s third-largest banking giant partnered with a Zug-based startup SEBA Crypto to take advantage of their institutional-grade digital assets solution. The bank said in a press release that the partnership with SEBA would allow them to offer its clients digital…
The long awaited Nasdaq Bitcoin and Ethereum indexes lifted off the launch pad this week signaling another giant step towards mainstream acceptance and adoption. Bitcoin and Ethereum Indexes Added The stock exchange is expanded its global data service on Monday to include Bitcoin and Ethereum. In an official announcement earlier this month it stated that…
Bitcoin price declined heavily and later found support near the $3,630 level against the US Dollar. The price recovered recently and traded above the $3,700 and $3,750 resistance levels. There is a short term ascending channel in place with resistance at $3,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
Billionaire investor and Berkshire Hathaway CEO, Warren Buffet, has once again offered his thoughts on Bitcoin (BTC). Appearing on CNBC earlier today, he stated that his position on the digital currency had not changed. However, the more Buffet offers in way of critique of Bitcoin, the more it appears that he cannot differentiate the fintech innovation…
Bitcoin has started Monday off trading up slightly after experiencing increased levels of volatility over this past weekend. BTC has so far respected $3,800 as a level of support, but also faces strong resistance around $4,200, which is the price point at which the cryptocurrency’s price dropped after touching. Although this recent volatility was unexpected,…
Bitcoin is going to be worth a million dollar. The extremely bullish target is once again trending high inside the cryptocurrency space thanks to Jesse Lund. The IBM executive, who heads the firm’s blockchain & digital currencies wing, recently said in an interview that bitcoin would reach a seven-figure value. Media ran the story. People spread…
What goes up must come down. Many had predicted a market correction but few of them expected it to be so fast and so violent. In just over an hour $14 billion was unceremoniously dumped out of crypto markets as Bitcoin and its brethren plunged back below previous levels of resistance. 2019’s Largest Single Day…
Since Venezuela entered its current crisis, Bitcoin (BTC) and cryptocurrencies become a popular subject in the nation. Carlos Hernández, an economist in the strife-filled Latin American nation, recently issued a New York Times op-ed to discuss the matter, elaborating on why the flagship crypto can be a proper hedge against the hyper-inflating bolivar. Related Reading: Naval:…
Since Bitcoin (BTC) gained traction in the mainstream media, many skeptics and economists have claimed that the cryptocurrency space resembles the Dotcom boom and bust at the turn of the millennia. Thus, many have argued that the crypto market’s cycles will likely make many reminiscent of the Nasdaq, a tech-centric stock index, in 2000 to…