Every bull market witnesses periodic pullbacks, where the weaker hands sell anticipating a top and the stronger hands accumulate for the long term. Data from Coinbase Pro shows two large Bitcoin (BTC) outflows this week, suggesting that institutions are likely continueing to buy the current dip. Comparing historical data, on-chain analytics resource Whalemap, recently said that previous macro tops in […]
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Consob, the government authority in Italy responsible for the regulation of the Italian securities market, announced today that it has ordered the blackout of 6 new websites offering financial services illegally in the country. According to the official announcement, the regulator has blocked a total of 391 websites involved in fraudulent financial activities in the region since July 2019. Consob […]
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Many hedge funds have diversified their portfolio with Bitcoin exposure in recent years, but a majority still do not encourage digital currency investments. Rebecca Patterson, Investment Research Director at Bridgewater Associates, recently explained the major hedge funds’ hesitation in Bitcoin. “Right now, Bitcoin can move 10 percent on a tweet. That’s not exactly a stronghold of wealth for most institutional […]
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A big correction in the Bitcoin market is underway but it should bring good news to its rivaling altcoins, according to Michaël van de Poppe. The independent market analyst said in a vlog published Friday that the BTC/USD exchange rate risks decline to its 21-period simple moving average after studying a sequence of the pair’s recent top-to-bottom corrections on a […]
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The Financial Action Task Force says it is set to publish an update to its guidelines on cryptocurrencies and virtual asset service providers; a catch-all term including exchanges, wallet providers, and custody platforms, among others. This updated document will also be made available for public consultation from key stakeholders. According to a circular issued by the FATF on Thursday, the […]
Read moreAnchorage, a US-based crypto custodian, announced that the company has raised $80 million in a Series C funding round led by Singapore’s sovereign wealth fund GIC. The company is planning to meet the rising institutional demand for participation in the crypto market. According to the official announcement, Blockchain Capital, Lux, Indico, and a16z also participated in the latest funding round. […]
Read moreInternational anti-money laundering watchdog, The Financial Action Task Force (FATF), is open to amend the so-called ‘Travel Rules’, which guide the countries in imposing regulations on the cryptocurrency industry. The body first published the recommendations in June 2019 and will now accept feedback and consultation towards the amendment of the rules, Thursday’s announcement detailed. “The FATF has agreed to release […]
Read moreCryptocurrency exchange Kraken is in talks with investors to raise fresh capital that will take its valuation to more than $10 billion, according to a Bloomberg report on Thursday. The exchange is reportedly discussing the possibility of the fundraising round with Fidelity, Tribe Capital, and General Atlantic for an unknown sum, but none of them officially confirmed. The anonymous source of the […]
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A survey of more than 2000 Australian investors has found that cryptocurrency is a more popular investment than gold and silver — but it still has a long way to go to catch up to shares. The poll, conducted on behalf of BTC Markets over the month of February, found that 12.6% of Aussie investors hold Bitcoin or other cryptocurrencies, […]
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