In a filing with the SEC yesterday, JP Morgan Chase & Co. announced that it has set up a structured investment vehicle that gives its clients exposure to cryptocurrencies. The company explained that “the notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC,” adding that the payment is “fully and unconditionally guaranteed […]
According to a recent report by popular South Korean newspaper house Dong-A, cryptocurrency investors in the country transacted about $7 billion per day from January 1 to February 25, 2021. Kim Byeong-wook, a Democratic member of the parliament, arrived at that figure by collecting data from Bithumb, Upbit, Korbit, and Coinone, some of the most […]
On-chain analytics firm, Glassnode, has reported that there is now solid support at the $47,000 level for Bitcoin (BTC). The firm made its discovery public in its latest Week on Chain report based on an analysis from chart expert Willy Woo and data scientist Rafael Schultze-Kraft. Woo noted that a significant volume of BTC got […]
As one would expect, a change of administration in the world’s largest economy holds so much weight for emerging technologies like blockchain and cryptocurrency. A change in policies and regulations can either boost or frustrate the growth of the cryptocurrency industry. With that in mind, America’s top blockchain group, Blockchain Association, is taking no chances […]
A recent report by Glassnode shows that the morale among Bitcoin (BTC) Hodlers remained upbeat despite the recent significant market crash. The report showed that most Hodlers would not have sold even if Bitcoin experienced its worst price drop in history. Based on a chart shared by the analytics firm, most people who bought Bitcoin […]
Bitcoin’s (BTC) recent bull run above the $50k mark appears to have veered off-course, as the cryptocurrency has fallen below the highly-coveted psychological level, once again. Meanwhile, most altcoins either stalled or posted significant dips as well, while the cryptocurrency market struggles to keep its capitalization above $1.5 trillion. That said, it appears that yesterday’s […]
Reuters reported, on Monday, that Goldman Sachs Group Inc. has just reestablished its cryptocurrency trading desk, as Bitcoin (BTC) trading becomes hot again. The behemoth financial institution noted that the desk would “begin dealing bitcoin futures and non-deliverable forwards for clients from next week.” The bank also noted that the desk would take on projects […]
Following a bullish performance on Saturday, Bitcoin (BTC) has dropped sharply below the $44k level. The recent BTC decline dragged the altcoin industry along, causing the entire cryptocurrency market valuation to fall by $120 in a few hours. However, Bitcoin has rebounded to the $45k level at press time. That said, Bitcoin’s market valuation continues […]
The Dubai-based cryptocurrency investment fund, FD7, believes that the value of Cardano (ADA) and Polkadot (DOT) will surpass that of Bitcoin (BTC) in the coming years. Consequently, the firm has announced that it will offload about $750 million worth of its BTC holdings and increase its exposure in ADA and DOT. FD7 (Fall Down Seven […]
