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BITCOIN PRICE: 3,141.17     HIGH: 3,260.26     LOW: 3,122.28

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Blockchain Day Emirates • December 15, 2018

Blockchain Day Emirates – is an event that brings together the world’s leading visionaries, innovators, and thinkers to explore new…

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Tag: institutional investors

Binance Launches Subsidiary Account for Institutional Investors

Category: Development, Exchange, Finance, News

Binance Launches Subsidiary Account for Institutional Investors

On December 6, 2018, cryptocurrency exchange heavyweight Binance announced the launch of its sub-account support, exclusively for institutional traders. Binance revealed that multiple requests put forward by Binance users prompted the exchange to introduce the feature. A Look into the New Feature According to the official Binance blog, the upgrade will enable several entities to set up multiple sub-accounts under…

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Bitcoin Closes the Week Softer on Back of Little Newsflow: BTCManager’s Week in Review November 5, 2018

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News, News Digest, Regulation

Bitcoin Closes the Week Softer on Back of Little Newsflow: BTCManager’s Week in Review November 5, 2018

The price of bitcoin closed the week around two percent lower – reaching the $6,350 level – on light volumes and a lack of major market-moving headlines. The main headline of the week was the publication of a research paper that suggested that bitcoin mining may accelerate global warming due to its high energy usage. This claim, however, was quickly…

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Coinbase Roundup: Series E Funding, Institutional Interest, and Listing the Basic Attention Token (BAT)

Category: Altcoins, Bitcoin, Business, Ethereum, Exchange, Finance, News, Regulation

Coinbase Roundup: Series E Funding, Institutional Interest, and Listing the Basic Attention Token (BAT)

American cryptocurrency exchange Coinbase has closed its fifth Series E funding round. On October 30, 2018, the company announced that it had successfully secured a $300 million investment “to accelerate the adoption of cryptocurrencies and digital assets.” This new influx of capital gives Coinbase a total valuation of over $8 billion, according to an official blog post. The funding round…

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Goldman Sachs and Mike Novogratz Bet Big on Cryptocurrency Custodian BitGo with $15 Million Investment

Category: Business, Finance, Investment, News

Goldman Sachs and Mike Novogratz Bet Big on Cryptocurrency Custodian BitGo with  $15 Million Investment

Institutional interest in cryptocurrencies seems to be slowly and steadily gaining upward traction. Per a report published by Bloomberg, dated October 18, 2018, the Wall Street goliath Goldman Sachs Group Inc. and Mike Novogratz’s Galaxy Digital Ventures have made a substantial investment in BitGo Holdings Inc. Specifics of the Investment Palo Alto-based BitGo is currently undergoing Series B fundraising and…

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Exploring the Brighter Side of Dark Pools in Cryptocurrency Markets

Category: Altcoins, Bitcoin, Finance, Investment, News

Exploring the Brighter Side of Dark Pools in Cryptocurrency Markets

Dark pools, notorious for their anonymity in the traditional financial markets, are becoming a staple of cryptocurrency trading. However, in an October 2, 2018 report, CoinMarketCap argues that the once frowned up practice of anonymous selling might not be that bad for cryptocurrencies. What Are Dark Pools? Once reserved for traditional trading institutions such as asset-management companies, dark pools are…

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Making way for Institutions: Wyre and Republic Protocol to Offer Compliance to the Crypto Averse

Category: Blockchain, Business, Finance, News, Regulation

Making way for Institutions: Wyre and Republic Protocol to Offer Compliance to the Crypto Averse

On September 14, 2018, fintech startups Wyre and Republic Protocol announced their partnership to promote the uptake of institutional investors to Republic’s decentralized dark pool among other advantages. The increased liquidity and KYC/AML compliance offered by Wyre will help build “a powerful nexus between digital assets and the traditional financial infrastructure,” according to the CEO of Republic Protocol Taiyang Zhang….

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Shrimpy Digital Asset Portfolio Management Platform Introduces Rebalancing to Coinbase Pro

Category: Altcoins, Bitcoin, Business, Exchange, Finance, News

Shrimpy Digital Asset Portfolio Management Platform Introduces Rebalancing to Coinbase Pro

The American cryptocurrency exchange, Coinbase has allied with Shrimpy, a digital asset rebalancing platform, to help institutional investors and other users and other seamlessly rebalance their cryptoassets portfolios, according to a Medium blog post on August 24, 2018. Coinbase-Shrimpy Cryptoassets Rebalancing Rebalancing is the process of periodically buying and selling the digital assets in a portfolio to maintain an excellent…

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Crypto is a Good Store of Value as it Lacks Correlation With Financial Markets

Category: Altcoins, Bitcoin, Business, Finance, News

Crypto is a Good Store of Value as it Lacks Correlation With Financial Markets

Over the past 72 hours, the crypto market and major digital assets including bitcoin have recorded substantial gains against the U.S. dollar, with tokens rising by more than 50 percent, as financial markets struggled. Lack of Correlation with Financial Markets Since 2012, the crypto market has experienced a pattern of bubble-crash-build-rally, recording 70 to 90 percent corrections every two to…

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Why Goldman and JPMorgan Invested $32 Million in Blockchain Despite Bear Market

Category: Blockchain, Business, Ethereum, Finance, Investment, News

Why Goldman and JPMorgan Invested $32 Million in Blockchain Despite Bear Market

JPMorgan and Goldman Sachs, two of the biggest banks in the global finance sector, have led a $32 million Series B funding round for blockchain startup Axoni, to deploy blockchain-based solutions in the traditional finance industry. $55 Million in New Capital Since 2016, as the only competitor to R3CEV, a significant blockchain consortium supported by banks such as Citibank, BBVA,…

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ICOs Raise over $18 Billion Due to Wealthy Investors’ New Interest

Category: Altcoins, Blockchain, Business, Finance, Investment, News

ICOs Raise over $18 Billion Due to Wealthy Investors’ New Interest

We are barely out of the first half of 2018, and already ICOs have raised almost five times more than they did last year in total. August 8, 2018, reports from CoinSchedule claim that this is due to a new trend in ICOs: Target the rich. ICOs Turn to the Elite (Source: CoinSchedule/Bloomberg) Initially, ICOs were to be for average…

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