Blockchain and cryptocurrency, although long posing a promising digital solution to many of the issues associated with archaic monetary and digital systems, may soon be growing out of its “Lambo” and “Crypto Bro Club” phase as the technologies see greater mainstream adoption rates. The recent blockchain week in San Francisco points to the fact that…
Pantera Capital’s Digital Asset Fund has sunk in value since it began in December 2017. A report which surfaced on social media revealed that the U.S. investment firm negated 40.8 percent returns to its investors to date. The figures contributed to the fund’s year-to-date losses, which rose to 72.7 percent. The fund’s compound annual growth…
For the first time in a blue moon, volatility levels in the crypto market have taken a sharp decline, as many digital assets, like Bitcoin, remain range-bound in spite of positive (and negative) developments. The stability seen in this budding market has led many investors to logically ask where Bitcoin and its altcoin brethren could…
Pigeoncoin (PGN), a small market cap digital asset traded on two obscure exchanges, has finally got the spotlight from the crypto community but for the worst reason. A hacker stole 235 million PGN tokens through a Bitcoin protocol bug. The attack on the cryptocurrency’s source code rendered the equivalent to $15,000 as PGN is priced…
Australian police have been informed of a scam in which the perpetrators are requesting people deposit funds for them at cryptocurrency ATMs. It is thought that those behind the scam are targeting newly-arrived migrants who are unsure if such requests are genuine since they are navigating an entirely foreign system of taxation for the first…
After finding much success in their unique “Buy the Market” feature, Circle has announced that additional cryptocurrency bundles each broken down by category are now available via the Circle Invest app. Circle Invest Debuts New Cryptocurrency “Collections” The Goldman Sachs-backed peer-to-peer payments technology company, Circle, has been aggressively expanding into the cryptocurrency space. This began…
A new survey conducted by Fundstrat Global Advisors has found that 72% of institutional investors believed that cryptocurrency prices would rise in the case of a global recession. This is mainly due to the belief that non-governmental and retail market-related investments would be seen as a safe haven due to their distance from traditional markets.…
It has emerged that one of the planet’s most respected endowment managers has taken up positions in the cryptocurrency space. David Swensen has managed Yale University’s almost $30 billion endowment fund since the mid-eighties, earning him great esteem as an investor. Yale’s “Warren Buffett” Investing in Cryptocurrency More institutional money continues to trickle into cryptocurrency.…
Instead of fazing institutions, the dismal performance of the crypto market and the continued maturation the industry backing has continued to attract well-established firms from across the globe. Most recently, a handful of Wall Street heavy hitters have downed the red pill, revealing that it is time for financial institutions, like themselves, to step out…
Key Points Bitcoin price remained below the $6,600 resistance level against the US Dollar. This week’s followed important bearish trend line is still active with resistance at $6,585 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair has to clear the $6,585 and $6,600 resistance level to gain traction in…