Bitcoin proved itself a resilient asset, if not a stable or useful currency, during March’s global market meltdown, JPMorgan analysts told investors.
The cryptocurrency market is like none other. Most “traditional” investors shy away from the volatile market, even as returns eclipse any other asset class, and blockchain technology continues to develop. But one early-blockchain investor believes the industry still holds promise, even as most run behind purely incentive-based objectives. Ripple was exciting Kevin Rose, an American […]
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The entire world witnessed a once-per-decade bout of capitulation in mid-March that sent virtually all global markets into a tailspin, with the effects of this being particularly impactful to Bitcoin. The benchmark cryptocurrency saw a sharp decline that led it to nosedive from over $8,000 to lows of $3,800. This decline was perpetuated by a […]
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The traditional markets have seen a notable downturn today that has led them to erase the bulk of the gains they incurred earlier this month. Bitcoin has been able to climb concurrently with this downturn, however, signaling that the benchmark digital asset is decoupling from the stock market. This potential decoupling comes as the Fed […]
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Multibillion-dollar fund manager Paul Tudor Jones II revealed this week his firm is holding Bitcoin to protect against inflation in the future. He noted central banks around the world have endlessly printed money, and the accelerated need for digitized currencies creates a unique case for Bitcoin. Bitcoin is a hedge like gold Jones believes the […]
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Despite the global lockdown and reduced business activities, the cryptocurrency investment space continues to see larger deals. Today, Seattle-based Bitcoin exchange and ATM operator Coinme announced a $10 million Series A raise lead by Pantera Capital, as per a press release shared with CryptoSlate. 3,500 locations and counting The $10 million fundraise was led by […]
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Despite the roaring recovery in the S&P 500 (and Bitcoin for that matter), many facets of the global economy remain in recession, with dozens of millions unemployed, consumer spending down, and a global supply chain that has come to a screeching halt. It’s an unfortunate fact that has not been reflected in the financial markets, […]
The post Crazy bullish for Bitcoin: Federal Reserve still intends to spend trillions on the economy appeared first on CryptoSlate.
Grayscale Investments, the investment arm of Digital Currency Group, has picked up a majority of all ether mined in 2020. The metric indicates massive institutional interest in Ethereum, which is soon moving to a Proof-of-Stake protocol. Picking up the ETH pennies Grayscale’s “Ethereum Trust” fund handles over $284 million in an index fund offered to […]
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Bakkt, the Intercontinental Exchange (ICE) crypto subsidiary, suffered its second high-profile executive exit last week after CEO Mike Blandina stepped down. While the rumored institutionalization of cryptocurrency remains a far-fetched vision, several empty promises and misplaced hypes question Bakkt’s integrity as a company. Third executive in four months As reported on Bloomberg, Blandia resigned the […]
The post As Bakkt’s second CEO exits firm, questions rise about the hyped Bitcoin “catalyst” appeared first on CryptoSlate.
From its all-time high of $20,000, Bitcoin has fallen by 65 percent, trading far lower than it did at the end of 2017, at the top of the frothy crypto market bubble that has long since passed. But don’t be disillusioned, analysts are coming to the conclusion that despite what may seem like bearish or […]
The post It’s time for Plan B, Bitcoin: Global government debt doubles in deficit-filled decade appeared first on CryptoSlate.