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The emergence of cryptocurrency hedge funds

I started exploring Bitcoin first in 2012 and, still today, I am fascinated by the opportunities and future potential digital assets pose as an emerging alternative asset class.One of the most relevant recent developments, which is often not covered, is the emergence of crypto hedge funds. Compared to the early days of crypto assets, when there were mainly private investors or traders in the space, a massive inflow of professionals entering the market...

Bitcoin price volatility expected as 47% of BTC options expire next Friday

The open interest on Bitcoin (BTC) options is just 5% short of their all-time high, but nearly half of this amount will be terminated in the upcoming September expiry. Although the current $1.9 billion worth of options signal that the market is healthy, it’s still unusual to see such heavy concentration on short-term options.By itself, the current figures should not be deemed bullish nor bearish but a decently sized options open interest and liquidity...

Figure Technologies releases fund services offerings on blockchain

 Figure Technologies launched its new digital fund services products for investment firms on a blockchain, the company said in a statement.The San Francisco-based financial technology firm used the Provenance blockchain and aims to use the technology to automate much of the paper-based processes in fundraising and fund management. Services include capital raising, investor onboarding, know-your-customer, anti-money laundering and Bank Secrecy Act activities, digital subscriptions, capital calls, and transfer agents.Mike Cagney, co-founder and CEO...

22% UniSwap (UNI) price drop doesn’t faze traders

Earlier today Yearn.finance (YFI) and Ether (ETH) rose sharply after Uniswap’s governance token UNI plunged 22% from $8.00 to $6.80.Cryptocurrency daily market performance snapshot. Source: Coin360UNI, which launched less than 48 hours ago, has rallied from around $1.00 to $8.00 in a short period. After an impressive eight-fold gain, the token started to pull back but trading volume suggests traders have their eyes set on higher prices.YFI and ETH rallied as UNI corrected As...

Police summon Bithumb chairman for questioning over alleged fraud

The drama over alleged fraud involving Bithumb’s senior executives continues as the company’s chairman has reportedly been summoned for interrogation.The Seoul Metropolitan Police Agency is purportedly seeking to question Lee Jung-hoon, chairman of board at Bithumb Korea and Bithumb Holdings, according to a Sept. 18 report by South Korea’s state-run news agency Yonhap.As reported, Lee is allegedly accused of multiple fraud and embezzlement offenses regarding the failed listing of the BXA token. The...

Bitcoin Birch says no retail crypto-wide bull run likely for rest of 2020

Crypto prices may still be weighed down by a difficult global economic atmosphere, according to Joel Birch, co-founder of automated crypto investing platform Stacked. "I don't necessarily think that 2020 is going to be the year of some type of major retail bull run, largely due to the fact that the global economy still lingers over this industry, just like other financial markets," the personality, also known as "Bitcoin Birch" on Twitter, told Cointelegraph...

Bitcoin will continue appreciating, although at a slower pace than in the past, Bloomberg analyst explains

Mike McGlone, Senior Commodity Strategist at Bloomberg, is convinced Bitcoin will continue to appreciate thanks to its fixed supply coupled with increasing demand. “I don't see what make it stop doing what been doing for the last 10 years. And that's going up”, he told Cointelegraph in a recent interview. McGlone sees Bitcoin’s capped supply as the main feature. He said that this potentially makes it a better store of value than gold,...

Why Ripple is thriving – Crypto Daily™

Since the introduction of the distributed ledger technology and cryptocurrencies by Satoshi, they have gained a lot of attention from investors, the media, financial organizations, and critics. The original model of the blockchain ledger has continued to evolve with different cryptocurrencies in the blockchain space. Ripple(XRP) was released on the open-source distributed ledger technology in 2012. The XRP ledger has...

Bakkt Bitcoin futures smashes daily volume record by 36%

Bakkt, a regulated platform for crypto asset custody and trading owned by Intercontinental Exchange, has reported record daily trading volumes for its physically-settled Bitcoin (BTC) futures contracts.On September 16, Bakkt announced that more than $200 million worth of BTC contracts had been traded over a single day — breaking its previous record by 36%.According to crypto market data aggregator Skew, the record figure is roughly double the average daily volumes posted throughout September...

What is DeFi? – Crypto Daily™

For many years, the world was used to traditional methods of exchanging value and trading. However, as digitization crept in from the latter part of the 20th century through to the 21st century, finance, banking, trading, and value exchange have become redefined. One of the reasons for all these is the ever-growing population of the world. As of today,...
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