Crypto news

2020 has been the year of institutions, and Sky Bridge Capital – a hedge fund driven by Anthony Scaramucci – has decided to join the ranks. The company recently invested more than $25 million into the world’s largest and most popular digital currency by market cap after filing the appropriate paperwork with the Securities and Exchange Commission (SEC) early last week to form what’s now known as the Sky Bridge Bitcoin Fund L.P.Scaramucci Sees Bitcoin as Completely NecessaryThe company has...

Things are not looking good for Ripple’s XRP. Following the news that the United States Securities and Exchange Commission (SEC) has pressed formal charges against the company, its native cryptocurrency tanked by almost 70%. This has also led to another somewhat unexpected event as Litecoin (LTC) takes the seat of the fourth-largest cryptocurrency by market cap.LTC Now the World’s 4th Largest Crypto by Market CapLitecoin has become the fourth-largest cryptocurrency by means of total market...

In an interesting twist of events, the Mayor of Miami, Francis Suarez, has said that he’s open to exploring the idea of putting 1% of the city’s treasury reserves in Bitcoin.Earlier today, well-known Bitcoin permabull and proponent Anthony ‘Pomp’ Pompliano came up with an interesting tweet. He urged his followers to retweet it if they “would move to Miami if Mayor Francis Suarez put 1% of the city’s treasury reserves in Bitcoin.”Less than an hour later, the tweet has been shared over 1,200...

XRP/USD – XRP Hits 5-Month Lows With Drop Beneath $0.2Key Support Levels: $0.19, $0.18, $0.171.Key Resistance Levels: $0.2, $0.215, $0.25.XRP plummeted into the $0.25 support last week after the announcement was made that the SEC would be suing Ripple. Many analysts hoped that the $0.25 support would hold but XRP went on to fall beneath here today after Coinbase announced they would be suspending XRP trading on its platform.Today, XRP fell beneath the November 2020 lows at $0.215 and...

Simplex, the Israeli provider of fiat to crypto solutions, has become a principal member of Visa in Europe. As a result, Simplex will issue Visa cards supporting cryptocurrencies, which users will be able to use for everyday purchases.Simplex Becomes A Visa Principle MemberFounded in 2014, Simplex is an EU-licensed financial institution aiming to “make cryptocurrency accessible to all.” The Israel-based company announced its most recent partnership with the US multinational financial services...

Despite surging in value to fresh all-time highs, the community’s social perspective on bitcoin hasn’t peaked yet, unlike previous bull runs. Since euphoric levels are typically a good indicator of an upcoming correction, this raises discussions if the current levels suggest that BTC is still a long way from its top.Positive But Not Euphoric On BTCBitcoin has enjoyed the past few weeks, especially after it broke above $20,000 for the first time in mid-December. The cryptocurrency continued...

Take a closer look at this Bitcoin OTC Desk for large-volume traders.Placing large trades on conventional cryptocurrency exchanges can be a costly exercise. Not only do you have to deal with the phenomenon known as slippage, which is when the market moves against you before your trade can be completed, but many exchanges have low transaction limits that may be insufficient for your needs.Velo Trust is an OTC (over-the-counter) desk that aims to overcome these problems. Developed for bitcoin...

The latest player drawing much attention in the burgeoning fintech market, JUX Capital offers discretionary investment management services, targeted at the average investor with a minimum investable amount of $1,000. JUX Capital’s investment service aims to combine the best parts of discretionary investment management with the best things technology can bring. Once aboard, clients are promised an unbeatable investment framework, together with the performance and transparency which modern...

[PRESS RELEASE – Please Read Disclaimer]PALO ALTO, Calif.— SwiftPass, a leading mobile payments service provider in Asia, and Wallyt, a Hong Kong based Fintech that provides international mobile payments and open banking solutions, announced today that they will integrate their solutions with Findora. Findora is a blockchain network that leverages zero-knowledge proof technology to ensure privacy for financial transactions while remaining auditable. Findora supports confidential transaction...

Despite being bulling on bitcoin for the long-term, the founder and president of Newton Advisors, Mark Newton, noted that BTC could head for a correction in early 2021. He plans to dispose of his cryptocurrency assets in the next few weeks, as there could be “buy the dip” opportunities soon.The Role Of Institutions In The Current BTC MarketThe primary cryptocurrency has been on a tear in late 2020. It went from dabbling with the $10,000 price tag to nearly tripling its value and exceeding...