Tag Archives: News

Bitso – a cryptocurrency exchange backed by Ripple – has completed a funding round that saw more than $62 million raised for the trading platform. The round was led by some of the largest venture capital firms out there including QED Investors and Kaszek Ventures.Bitso Is Bigger Than EverBitso is based in Mexico, and the company has announced that it plans to use the money it’s earned to expand its horizons across all Latin America, which is becoming a heavy hub for crypto activity in recent...

2020 has been the year of the institution. Companies such as MicroStrategy, Square and Stone Ridge have all piled their money into assets like bitcoin and given new meaning to the crypto space. Now, with just weeks to go before the year is out, several other family offices such as the Massachusetts Mutual Life Insurance Co. are following in these firms’ footsteps.Massachusetts Mutual Is the Latest Institutional Fan of BTCMassachusetts Mutual has put approximately $100 million of its money...

Bitcoin cash price started a fresh decline from well above the $280 support against the US Dollar.The price is now trading below the $270 level and the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $268 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair remains at a risk of more losses if there is a break below the $254 support zone.Bitcoin cash price is facing an increase in selling below $280 against the US...

It looks like Bit Pay – a bitcoin and crypto payments company – is looking to establish its own bank. Recently, the company filed paperwork with the U.S. Office of the Comptroller of the Currency (OCC) to establish the Bit Pay National Trust Bank.Will Bit Pay Soon Have Its Own Bank?To be fair, this won’t be the first time that crypto and standard banking services – should the paperwork be approved – are fused together. News first came several months ago that many banks had received the...

Bitcoin, for the most part, has been on a serious spike as of late, but according to analysts from JPMorgan, the boost of the world’s number one digital currency by market cap is hurting gold.Bitcoin May Be Causing Harm to GoldIn a way, this makes total sense. For one thing, bitcoin appears to do well whenever there is chaos occurring in standard financial markets. We saw this throughout 2020, which was faced with harsh economic problems thanks to the growing coronavirus pandemic. The U.S....

The price of bitcoin has taken a nasty fall. At the time of writing, the currency has dropped by roughly $1,000 in the past 48 hours, bringing the price of the world’s number one cryptocurrency by market cap down to around $18,200. This is about five percent less than where it stood previously.Bitcoin Is Heading to the GutterIt appears the cryptocurrency space is being attacked from all sides as it’s not just bitcoin that has taken a nasty stumble. Additional currencies such as Ethereum,...

EOS started a strong decline below the $3.000 support zone against the US Dollar.The price is currently trading below the $2.900 pivot level and the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $2.840 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could continue to move down as long as it is below the $2.850 and $2.900 resistance levels.EOS price is facing a lot of hurdles on the upside near $2.900 against the...

Litecoin price started a fresh decline below the $82.00 and $80.00 levels against the US Dollar.LTC price traded close to the $72.00 level and settled below the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $83.20 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to face hurdles near $78.40 and $80.00 in the near term and resume its decline.Litecoin price is currently trading in a bearish zone below...

As of late, bitcoin appears to be getting the most attention out of all the world’s many cryptocurrencies. The asset has shot up to about $19,000, and many are eager to see if $20,000 is right around the corner. Amidst all the hype and hoopla, however, it appears we’ve forgotten about some of the world’s smaller competitors. Assets such as Ethereum, which according to Frank Holmes – chief executive and chief investment officer at U.S. Global Investors – is going to experience a huge bull run...

MicroStrategy is the institutional player of the year. Despite purchasing more than $400 million in bitcoin over the past few months, the company is clearly not done. In a recent statement, the company issued plans to raise an additional $400 million in the coming future to potentially purchase even more units of the world’s number one digital currency by market cap.MicroStrategy Wants Even More BitcoinThe firm has developed a solid thirst for bitcoin that initially began in August. At the...