The price of bitcoin and a number of digital assets saw significant gains on Monday, as the entire market capitalization of the crypto economy has gained 2.4% in the last 24 hours. Bitcoin’s value passed the psychological $50k zone after hitting a low of $43,021 the day prior on Sunday. […]
Goldman Sachs Group Inc. has reopened a trading desk to make markets in cryptocurrencies. The bank aims to get the business running from next week, Reuters reported today, citing people with knowledge of the strategy. Goldman Sachs had announced similar plans back in 2018 before ditching the idea of a […]
Key Takeaways Developers have released Dogecoin Core 1.14.3, which includes significant performance improvements. The news has been welcomed by the community, as the number of DOGE-related posts in social media surged over the past 24 hours. Regardless, the meme coin sits below a crucial resistance barrier while its active address […]
AxiCorp, a multi-regulated financial broker, announced today that the Australian Securities and Investments Commission (ASIC) decided to withdraw the proposed suspension of Axi’s Australian Financial Services License (AFSL) on 15 February 2021. According to the official announcement, the broker provided uninterrupted services to its clients under the ASIC entity during […]
Recently, Messari Crypto Researcher, Mira Christanto published a report that looks into Asia’s cryptocurrency landscape in-depth, as 60% of the world’s population resides in the region. Christanto’s study shows that six out of the top ten largest cryptocurrency unicorns are located in Asia. Moreover, 98% of ethereum-based futures and 94% […]
After saying that cryptocurrencies “rank as the poorest hedge for major drawdowns in equities, with questionable diversification benefits,” JPMorgan says investors can put 1% of their portfolios in cryptocurrencies. This can help “achieve any efficiency gain in the overall risk-adjusted returns of the portfolio,” the firm’s strategists explained. Investors Can […]
The total assets under management across all crypto exchange-traded products (ETPs) worldwide have risen 50% this month to nearly $44 billion. Among listed products, Grayscale’s bitcoin trust tops the list with the most assets under management while Bitwise’s fund was the best performing bitcoin product by market price over the […]
The assets under management (AUM) of cryptocurrency exchange-traded products (ETPs) have swollen to close to $44 billion, even as trading volumes for these products dropped when compared to last month. According to CryptoCompare’s Digital Asset Management Review, the assets under management across all cryptocurrency ETPs surged by 50% to $43.9 […]
2021 is off to an exciting start with the launch of the Ultimate Fintech Awards 2021. For almost a decade, the Ultimate Fintech team has been connecting trading and fintech professionals through events and marketing services. Over the years they have hosted 15+ shows and connected 35,000+ attendees on a […]
Charles Schwab has disclosed its 2020 annual financials with the US Securities and Exchange Commission (SEC), showing solid growth across key client and financial metrics. Yet, there was a slump in income, which is mostly due to the closure of its TD Ameritrade acquisition. The US broker estimates that due […]
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