Bulls have control over the crypto wheel. In a miraculous move, Bitcoin (BTC) has surged past $6,000 after hitting $3,150 just months prior — a near-100% move in under half a year’s time. For some reason or another, however, analysts are divided about how this strong uptick will play out — in the short-term anyway.…
An automated Delivery versus Payment (DvP) platform has been jointly developed by the Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX). Its purpose is to allow the settlement of tokenized securities across various blockchain platforms. Simplifying Post Trade Processes In a joint release over the weekend the MAS and SGX stated “This will…
The crypto community has been sitting at the edge of their seats watching the complex and nuanced situation surrounding the now defunct QuadrigaCX exchange unfold. Recently, news broke that Big Four Auditing Firm, Ernst & Young (EY), had discovered that the exchange’s cold storage wallets were nearly entirely empty, which came as a surprise to…
Since its birth, Bitcoin (BTC) has been lauded as an alternative to traditional assets day in and day out. Most notably, the cryptocurrency is. in the eyes of some pundits, a replacement to gold, specifically the metal’s store of value capabilities. But if Bitcoin takes over gold’s hegemony, what would happen to the value of…
By many measures, Tuesday was the biggest day for Bitcoin (BTC) and crypto ever. As some quipped on what is affectionately known as “Crypto Twitter”, yesterday was a “turning point” for the entire industry. If you’ve been living under a rock, here’s a recap. Related Reading: Bitcoin (BTC) Price Uptrend Intact: Bulls Sighting Fresh Increase…
For the past 14 months, investors spanning the cryptocurrency industry have done their best to stay afloat in the storm that is this Bitcoin (BTC) bear market. Stakeholders, by and large, have held onto the help that institutional investors, in the form of the so-called “herd” as Mike Novogratz puts it, will revive the crypto…
Going by recent headlines, it appears as though central banks around the world are planning to or in the process of creating their own digital currencies.The coins, by their disruptive nature, are bound to attract attention from these banks. And with Facebook’s plans to launch the Libra, there are ever-growing challenges to their monetary authority…
Since Bitcoin (BTC) established a new all-time high in late-December 2017, the cryptocurrency market has faltered. Since that fateful month, the broader asset class has posted losses that would even make gamblers cringe, as the value proposition of cryptocurrencies has become misconstrued and nebulous at times. Yet, one industry insider claims that cryptocurrencies could be…
Would you look at that — over the past 30 minutes, crypto assets have tanked. In a matter of about ten minutes, most large-cap altcoins, including Ethereum, XRP, and Litecoin, shed approximately 5% on average. The sell-off in the price of Bitcoin was the catalyst in this case, which in and of itself caught many…
Ever since Bitcoin (BTC) suddenly ran on February 8th, posting a jaw-dropping performance that came straight out of left field, the broader crypto market has entered a lull. While there have been a few notable movers, like Binance Coin (BNB), the broader digital asset class has all but stopped moving. Price action has effectively come…