Bitcoin continues to amaze of late, rising more than 40% in the past month. It rose more than 15% over the past weekend, astounding even the most enthusiastic of supporters, bounding over $8,100 and dancing about, as the bulls remain in control of this market. Analysts can point to one or two or maybe even…
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Global equity markets took a beating on Monday morning, but Bitcoin just kept rising beyond all present expectations, crossing over $7,500 not once, but twice over the past few days. Analysts that had become “gun shy” after the Tether/Bitfinex scandal and the Binance exchange compromise are out in droves, raving about the resilience of Bitcoin…
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Bitcoin prices, despite a major breach at the Binance crypto exchange, have surged 9.3% in the past few days, now hovering at $6,166. What is pushing BTC past what most thought was an impenetrable barrier, the $6,000 level? Bloomberg announced the news: “Fidelity, one of the world’s largest investment firms with almost $7 billion customer…
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Analysts are still grappling with the reasons why the crypto market shed nearly $10 billion of market cap last week. Bitcoin, the market leader by far with a 53.4% market share, had suddenly slid from over the $3,500 threshold down to below $3,400. It has since climbed back over this figure, but industry talking heads…
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When giants in the financial services industry decide to embrace a new technology, the credibility of that technology is propelled forward in a significant way. Nasdaq and Fidelity have done just that – They participated in the $27.5 million second round funding of ErisX, a soon to be fully regulated crypto exchange. Jay Clayton, the…
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Fidelity Investments, one of the biggest US financial companies in the world, managing around $7 trillion in client assets, is now launching a completely new company that will only handle cryptocurrencies for their clients. The new entity, called Fidelity Digital Asset Services, will handle cryptocurrency trades and help institutional investors with their digital asset businesses.…
Read moreHighlight shifts to broker technology and systems as some systems failed, at least temporarily, as trading volumes soared.
Read moreSlow trading levels by U.S. retail investors has hurt both companies.
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