Measuring the Rising Institutional Investment in Bitcoin (BTC) Despite Alleged Bitfinex-Tether Scandal
The past month has seen the cryptocurrency market boost in value as Bitcoin and other altcoins grew by double digits over the course of the month. However, the glory seemed short lived when the news on Bitfinex and Tether broke out as the prices halted the majestic rise seen hours before. The markets have since resumed their bullish momentum which leads us to wonder if the market actually understood the impact of the Bitfinex scandal. Notwithstanding, HASH CIB, a cryptocurrency financial solutions market, revealed last week that institutional investment is also sharply rising in the cryptocurrency market. No shorts on Bitcoin Futures The trading market has opened up in the last few years with more exchanges offering different types of financial instruments which are priced using the underlying digital asset value. Some of the recent companies taking up Bitcoin include Fidelity and TDAmeritrade. The two offer Bitcoin storage and trading services across the US. Such markets have boosted
It is difficult to know whether more sophisticated crypto custody solutions are paving the way for institutional investors or vice versa.
The New York State Supreme Court has decided that it has jurisdiction to rule over the case between the New York Attorney General (NYAG) and iFinex, the parent company of cryptocurrency exchange Bitfinex. The decision now allows the NYAG to continue its investigation, according to a filing. iFinex previously appealed to the court to halt …
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Quantstamp, a blockchain security company developing automated security tools such as the Quantstamp Security Network, has announced it is open-sourcing
A Binance Labs incubation project, Cere, plans on integrating with Binance’s decentralized ecosystem, Binance Chain
In part two of his ‘Satoshi reveal’, self-proclaimed Bitcoin creator Bilal Khalid unveils where all his bitcoins are and much, much more.
Huobi’s multi-currency wallet, Huobi Wallet, has added support for an EOS-based stablecoin called EOSDT, the eight stablecoin the Huobi Group’s wallet supports.
A cryptocurrency nonprofit is filing a court petition for Israeli banks to provide regulatory clarity on their crypto policies.
EPAM Systems Inc. has joined the Blockchain in Transport Alliance, which develops blockchain standards in the transportation, logistics and supply chain industries.
Based on a recent report, Hamas, a Palestinian militant group has now been declared a terrorist organization by the Western Government. Due to this declaration, the group is not able to make use of any of the resources provide by the native financial system, as it is now red flaged. Therefore, the group’s military department …
Cardano’s ADA remains under heavy pressure from the market bears, dropping around 58% within the past nine weeks. Despite the ADA price falling, there is much for …
Crypto exchange BitMEX has added Bermuda, Hong Kong, and the Seychelles to its list of locations with total trade access restrictions. The newcomers join a group made up of jurisdictions including the US, Quebec, and North Korea.