Beyond digital gold: unlocking the true value of bitcoin December 11, 2020 Digital gold has gone mainstream. JP Morgan, BlackRock and the biggest names in global finance are now echoing the cypherpunks and suggesting that Bitcoin could replace the yellow metal as a safe haven in investment portfolios. But while Bitcoin does share characteristics with gold, a big reason why the digital gold narrative has found so [...]
Tumbling down December 11, 2020 Softer does it The market continued to trade softer and in early Friday trade, Bitcoin was trading below $18,000 level, while Ethereum fell below $550 level. Looking at the price action over this week and large cap MVIS index is down 7.5%, while the small cap index is down 10.2%. The open interest (OI) across [...]
Risking it all December 10, 2020 Disproportionate Focus MicroStrategy updated its initial statement and announced that it now anticipates raising $537.2 million in net proceeds from a debt offering to buy even more Bitcoins. This is significantly higher than the original target of $400 million. Furthermore, its unsecured, convertible senior notes will pay out 0.750% in interest annually to qualified institutional [...]
Definitely DeFi December 10, 2020 2020 has been a year of spectacular growth in the decentralised finance (DeFi) arena. From retail crypto enthusiasts diving in head-first, to institutional investors cautiously dipping their toes in – the blockchain-powered space of DeFi is flourishing. Since the start of the year, the amount of money locked in DeFi protocols has skyrocketed by a [...]
Risk vs reward December 9, 2020 BTC Euphoria attracts Risk MicroStrategy’s recent commitment to Bitcoin has turned the company and its CEO into a fully blown celebrity in the eyes of digital assets market participants. The fact that the company’s share price has performed so well since its venture into the Bitcoin market has only aided its cause. So much so [...]
Cryptosplosive demand December 9, 2020 Technological and Technical Convergence Technology stands at a major global tipping point. Numerous industries are converging due to blockchain which serves as the backbone to the whole cryptospace. At hand is the emergence of convergence in money, gaming, social networks, legal, supply chains, and intellectual property. Bitcoin is the base layer protocol which is the [...]
Privacy laws and blockchain December 9, 2020 The very nature of Distributed Ledger Technology (DLT) raises some interesting issues around privacy laws and their application to DLT. It is important for industry participants to understand this important area of law and its application to their business. Blockchain is a technology that enables the secure validation, recording, and sharing of data. The data [...]
Liquid December 8, 2020 Futures Flying Bitcoin traded steady around the $19,000 level as the aggregate futures open interest remained just shy of $7bn. The growing use of derivatives is evident across most platforms with the exception of Bitmex which continues to languish following its spat with regulators. Liquidity begets liquidity and it will take a lot more than [...]
Bitcoin sets a new all-time high and Ethereum starts its journey to ETH 2.0 December 8, 2020 Last week was one of the most exciting weeks in 2020 for the crypto community, with an abundance of bullish news for Bitcoin and the achievement of a huge milestone for the Ethereum Foundation. Bitcoin’s new all-time high is $19,911, and this price was reached at 11:00 UTC on December 1, according to data by [...]
Crypto AM shines its Spotlight on Coinrule December 7, 2020 Coinrule is a beginner-friendly and safe trading platform enabling you to send automated trading instructions to your favourite exchanges such as Binance, Kraken and Coinbase. Its intuitive interface gives you the tools you need to compete with professional ‘Algorithmic’ Traders and Hedge Funds. Today, up to 90% of markets are managed by ‘bots’, run by [...]