Bitcoin

Report: Bitcoin Conforms to Mainstream Markets, Strong Correlation with Gold

A recent report in the Wall Street Journal details how Bitcoin is becoming an increasingly mainstream asset and is starting to develop strong correlations with traditional assets, including Gold. The report cites the increase in institutional funding, increasing venture capitalist (VC) investments, and growing mainstream adoption as possible factors behind its increasing correlation with traditional markets. Despite […]

Crypto News

Institutional Investors’ Crypto Foray Hindered by Insurance Deficit in Asia: Report

Advertisement The difficulties involved in securing insurance against cryptocurrency hacks and thefts is deterring institutional investors from putting their money in the nascent asset class, according to cryptocurrency exchanges and traders in Asia. Per Reuters, digital assets have suffered reputational damage following a series of hacks and thefts at cryptocurrency exchanges in the past few […]

Altcoins

Stablecoin Company Tether Ltd. Made $6.6 Million in Interest from January to July 2018, Report Does Not Confirm Full Cash Reserves

Advertisement An investigative report by Bloomberg News has revealed that Tether makes a substantial amount of interest on its US Dollar reserves. The US Dollar reserves are kept in banks across several jurisdictions including Canada, the Bahamas and Puerto Rico. According to bank statements seen by Bloomberg, Tether earned at least $ 6.6 million in interest between […]

Crypto News

Blockchain Technology Tipped to Boost New Zealand’s IT Exports: Report

Advertisement Earnings from New Zealand’s third-biggest export sector, information technology, could be boosted significantly by distributed ledger technology. According to a report released by New Zealand’s innovation agency, Callaghan Innovation, there is ample room for growth in the sector if the country embraces blockchain technology. Currently, the IT sector in New Zealand generates NZ$ 16 […]

Bitcoin

Only Binance and Bitfinex Do Not Fake Volume, New Report Finds

The Blockchain Transparency Institute has released its December Exchange Volumes Report, delving deeper than ever before into suspected wash trading. The conclusions paint a rather damning picture. Only 2 of CoinMarketCap’s top 25 BTC pairs aren’t massively inflating actual volume. It’ll Come Out In The Wash As part of the report, the Institute used its algorithm […]