In the aftermath of September 2017’s historic ban on initial coin offerings (ICOs), and the banishment of domestic crypto trading platforms, a resourceful crypto community was already showing signs of devising multiple means of circumventing the authorities’ increasingly draconian actions. Part two of Cointelegraph’s three-part series continues to investigate the factors that catapulted China’s regulators to redouble their efforts to …
There is a rapidly growing interest in bitcoin and other cryptocurrencies among institutional investors while there seems to be lethargy in the number of retail buyers operating within the space. As such, bitcoin and altcoins now constitute a new institutional investment class since 2017, according to new research from major US bank Morgan Stanley. In the report titled “Bitcoin Decrypted: …
Cryptocurrency asset management firm Grayscale Investments Inc. has reported revenue of nearly $330 million in 2018, according to its third quarter (Q3) investment report released Nov. 1. The company managed to reach this figure despite a prevailing bear market. In the report, Grayscale highlights that it raised $81.1 million over the last three months, which brought the firm’s year-to-date inflows …
The CEO of investment management corporation BlackRock, Larry Fink, does not see the company offering a cryptocurrency Exchange-Traded Fund (ETF) until the industry is “legitimate,” CNBC reported Nov. 1. BlackRock is a financial planning and investment management firm that currently has $6.28 trillion in assets under management, including equity, real estate, fixed income, and cash management. Speaking at the New …
Fundstrat Global Advisors’ Bitcoin (BTC) analyst Tom Lee said that he is “pleasantly surprised” by the recent stability of BTC in an interview on CNBC’s Squawk Box Oct. 29. Lee expressed surprise at Bitcoin’s recent behavior given a recent 9 percent slump in equity markets. Lee said he expected that “Bitcoin volatility should be much higher” based on “how small …
Hong Kong Reveals Regulatory Framework for Crypto Exchanges, Funds Twitter Facebook The Hong Kong Securities and Futures Commission (SFC) released a statement today stipulating the regulatory standards that would define the trajectory of virtual assets portfolio managers and fund distributors, according to an announcement on its website. As per CCN’s report, the regulator had proposed the framework in a research …
EOS Rises 5% as Tokens Record Big Gains, Crypto Market Adds $2 Billion Twitter Facebook Tokens and several major cryptocurrencies such as EOS have demonstrated strong short-term momentum over the last 24 hours, pushing the valuation of the crypto market to $206 billion. The volume of Bitcoin, which declined to the mid-$3 billion region, recovered to $4.2 billion, showing a …
Institutional investors are increasingly getting involved in bitcoin and other cryptocurrencies – while the number of retail investors in the space is staying stagnant – according to a new report by Morgan Stanley. In an update to “Bitcoin Decrypted: A Brief Teach-In and Implications,” the global banking giant’s research division delved into the last six months of bitcoin and highlighted certain trends …
Aerum’s Pre-Sale is currently live. To help ICO contributors, the team has decided to take ETH contributions at a $300 rate from Nov 1st until Nov 4th. A demo of their platform is available on their site. AERUM’s mission is to provide a complete infrastructure for permission-less financial Applications serving a decentralized economy, with real-time and free transactions to consumers and nearly unlimited scalability. …
There is a phenomenon in anthropology called the “Cargo Cult.” It was first observed in Melanesia in the late 19th century and most famously chronicled after World War II when remote Pacific tribes created pastiche airplane runways and mimicked long-departed air-traffic controllers in attempts to stimulate the return of military airdrops. Cargo-culting consists of groups of people mistaking form for …
