Bitcoin set an absolute record in trading volume for the day $ 42 billion 5 (100%) 1 After the correction on June 27, from 28 to 29 June, Bitcoin (BTC) continued its rally, adding more than 6% – from $ 10,300 per coin, the price rose to $ 11,668 , which also affected the rise in prices of some altcoins and the total capitalization of the crypto market. A well-known supporter of the crypto community, Michael Lederman, tweeted today: “Bitcoin has just set a new record for the last 24 hours – $ 42 billion. The largest volume registered during…
Author: BlockchainJournal
While the flagship cryptocurrency is undergoing a correction, falling by 17% after reaching a new annual maximum, investment funds, on the contrary, demonstrate quite good results. The Grayscale Bitcoin Trust (GBTC) is a great example of the increasing interest of institutional investors in cryptocurrency. Currently, GBTC shares are trading at around $ 14 per unit. It is noteworthy that 5 months ago this figure was $ 3.84. During this period, the BTC rate increased by 200%. Such differences are attributed to the fact that institutional investors acquire shares at a slightly higher cost than the market price, but at the…
The head of JPMorgan Chase, a leading financial holding company, Jamie Dimon, not so long ago, was critical of bitcoin and cryptocurrency in general. However, he now appears to have moved from the stage of denial to the stage of adoption, although he insists that cryptocurrency is undermining the banking industry. So, in a recent interview with Yahoo Finance, Dimon noted that cryptocurrency providers offer […]
Technical analysis of the cryptocurrency market – the continuation of the uptrend 5 (100%) 1 The bidding of the final week can be called a “bold attempt to grow,” because the crypt-runners continued to conquer new heights. Traders have been dreaming about them for a long time, especially those who adhered to one of the best strategies for today – “buy and hold”. Crypto-assets showed a long-awaited correctional rollback, which may be completed in the coming days with a new wave of growth. The reasons for the disappointment were the news about a possible scam from the founders of the…
China changed its position on BTC calling it a "safe haven" for investors 5 (100%) 1 Bitcoin has the characteristics of an ideal “safe haven” for investors. This is somewhat unexpectedly stated in a recent report by the official news agency of the Chinese government, Xinhua, reports Cryptopolitan . Historically, the Chinese authorities were opponents of cryptocurrency , banning in 2017 both the work of stock exchanges and the holding of ICOs in the country. At the same time, the possession of cryptocurrencies in China is not prohibited. As suggested by the publication, the change in official Beijing’s position on…
The editorial staff of ForkLog magazine conducts a traditional survey “Bitcoin and other cryptocurrencies in our life”. Every year we launch it with one goal – to do independent research among ForkLog readers, who are not indifferent to the development of cryptocurrencies and the blockchain. We will certainly share the results of the survey with the community in the very near future. Together we make history! Start How old are you? Less than 18 […]
Bitcoin and other cryptocurrencies continue to attract large and experienced investors. Another evidence of this was the news that 75-year-old billionaire Henry Kravis became an investor in the cryptocurrency fund of ParaFi Capital, reports Bloomberg. Henry Kravis is a co-founder of the global investment firm Kohlberg Kravis Roberts & Co, whose capitalization as of October 2017 was $ 16.5 billion. Personal […]
The UK Treasury will determine the requirements for the operation of cryptocurrency exchanges 5 (100%) 1 UK authorities are preparing to introduce rules for controlling sites for trading digital money , turnover of a new type of assets and laundering of proceeds from crime. Her Majesty’s Treasury (HTM) and Financial Services Authority (FCA) will discuss the adoption of the 5th European Union Directive on the Prevention of the Legalization of Illegally Gained Incomes and the Financing of Terrorism (5AMLD) on July 24 in the UK. The government of the country will study the requirements for the operation of cryptocurrency exchanges…
In an interview with Les Echos, David Solomon, CEO of Goldman Sachs, reported that the bank is engaged in serious research in the field of tokenization. It is quite possible that the financial giant will follow the example of JPMorgan, which intends to issue steablecoin. Commenting on the possibility of launching their own cryptocurrency, the executive director of an investment bank noted that currently leading financial institutions around the world are studying the possibilities of tokenization, steklkoinov, as well as instant payments. Solomon did not answer unequivocally whether the company is in talks with Facebook regarding their Libra crypto project…
Steve Forbes, editor-in-chief and head of Forbes Media, supported Libra's cryptocurrency project from Facebook, suggesting that the new coin could replace the US dollar as a world currency and “overshadow Bitcoin”. He wrote about this in an open letter to the head of the world's largest social network Mark Zuckerberg. In particular, Steve Forbes said that although the idea of creating a company of his own […]