Category: Bitcoin News
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For the Sake of ‘Market Integrity,’ Bakkt Won’t Offer Bitcoin Futures Margin Trading
Many have forewarned corruption as the titans of finance more toward institutionalized cryptocurrency, eyeing every new futures contract as a potential to return to the banking practices Bitcoin was created to rise above. However, one institution resisting the trend is Baakt, which revealed that it will not support margin trading for its upcoming Bitcoin contract.…
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Sorry ICOs, Bitcoin and Cryptocurrencies will Gain Relevance with Starbucks and Kodak
Big name brands and retail conglomerates, not ICOs, will take Bitcoin and other cryptocurrencies to the next level, according to ICOx Innovations President Bruce Elliott. Traditional Players Will Propagate Cryptocurrency Usage While Elliott’s company helps introduce companies to the cryptocurrency economy, much of ICOx Innovations’ business centers around big-name clients like Kodak. Yes, ICOx Innovations is…
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Three Factors Fueling the Surprising Growth of Crypto Funds
Crypto funds have been launching at a record pace, with more than 90 new crypto funds having launched this year alone. At this rate, there will be 165 new crypto funds launched this year, more than the record 156 launched in 2017. The total number of crypto funds is now approaching 500. The surge in…
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Why Kim Dotcom Believes US Dollar Will Collapse and Crypto Will Take Over
German-Finnish Internet entrepreneur Kim Dotcom recently reaffirmed his negative stance on the US dollar and stated that crypto will eventually compete with reserve currencies. Dotcom commented: “Many economists agree. The US economy and US dollar will collapse under the enormous US debt burden. The pyramid game is coming to an end. Crypto and precious metals…
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Crypto Hedge Funds Raise Hundreds of Millions of Dollars, Even on Downtrend
In the past eight months, the valuation of the crypto market has declined by more than 76 percent, from $900 billion to $215 billion. Yet, crypto hedge funds have raised more money than ever before. 1-year chart of crypto market valuation, provided by CoinMarketCap Demand is Accelerating on a Downtrend In July 2018, Barry Silbert’s…
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Analysts: Cryptocurrency Interest Remains High, Exchange Revenues are Evidence
Despite falling prices of cryptocurrencies like Bitcoin and Ether, a few market analysts believe 2018’s extended bear market is a mere price correction, and so-called Bitcoin “obituary” reports are “greatly exaggerated.” Exchange Fees Indicate Market Interest According to a report on Bloomberg, Sanford C. Bernstein & Co. analysts pointed out the massive revenues of cryptocurrency…