JPMorgan’s analysts have made a case that bitcoin’s price could reach $146,000 as the cryptocurrency’s competition with gold heats up. Meanwhile, the firm’s global strategist sees the current bitcoin bull run as being similar to the bull run of 2017. He warns of three risks that could affect bitcoin’s outlook […]

FCA-regulated OANDA Europe Limited has published its annual financial results for 2019, showing a 20 percent decrease in revenue. The UK company also turned a net loss of $3.55 million from the previous year’s £823,962 gain. The latest Companies House filing of the company shows that it had a total […]

A regulatory document obtained by Finance Magnates outlines intriguing new details on IG’s pursuit of expanding its regulatory footprint in South Africa. South Africa’s Financial Sector Conduct Authority (FSCA) has recently exempted IG Markets from certain regulatory requirements, pending the conclusion of its application to get a new licence. IG […]

Iranian authorities shut down 1,620 illegal cryptocurrency mining farms that collectively used 250 megawatts of electricity over the past 18 months, per a report by Financial Tribune. A spokesperson for the power company Tavanir, whose electricity these miners reportedly used, said, “Tavanir is strict in dealing with unauthorized miners, those […]

Higher-than-average spot volume, even for the past month, is helping push bitcoin’s price upward at a time when traders are plowing into ether futures at a quick pace to open 2021. Bitcoin (BTC) trading around $33,987 as of 21:00 UTC (4 p.m. ET). Gaining 8.9% over the previous 24 hours. […]

The “kimchi premium” has returned. Price premiums for bitcoin on South Korean exchanges have hit two-year highs, indicating retail investment interest in cryptocurrencies is surging in that country. However, analysts and traders warn that certain market players could take advantage of arbitrage opportunities, resulting in short-term price volatility. The “kimchi […]

BitGo’s Ethereum-based tokenized bitcoin project, Wrapped Bitcoin (WBTC), has expanded to its second blockchain, Tron. The crypto custodian has also launched Wrapped Ether (WETH) on Tron as well. BitGo clients are already minting WBTC and WETH as TRC-20 tokens on Tron, according to the company’s public orderbooks. After a few […]

Bitcoin is trading higher on Tuesday, and the bull market is looking less overheated than it did a day ago. At press time, the top cryptocurrency by market value is changing hands near $31,590, representing a 5% gain on a 24-hour basis. Bitcoin had dipped by 15% to near $28,000 […]

Skybridge Capital, the hedge-fund investing firm headed by Anthony Scaramucci, confirmed its launch of a new bitcoin fund Monday and said its exposure to bitcoin has already reached $310 million. The announcement, made in a press release, comes a week after CoinDesk reported on the fund’s launch, citing a marketing […]