NKB Group

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NKB operates as a full-service investment bank focused on blockchain technology. We are a one-stop solution for our clients - opening the new world of crypto assets and delivering it via the best practices of traditional finance.

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The Week: Bitcoin Sees Big Gains, Coinbase Expands and SEC Issues New Framework

After weeks of accumulation, digital assets saw massive gains over the past week, where the total crypto market cap rose by 23% from $145bn to $183bn

The Week: Bithumb Hacked, Bitmain IPO Cancelled and Coinbase Launches Staking Service

Bitcoin’s dominance is down by 1% (50.1%), the total market cap is up by 3.5% ($145bn)‚ and overall volume is up by 9% ($32.7bn) on the previous week.

The Week: Cboe Putting Bitcoin Futures on Hold, Cosmos Goes Live

Digital assets continued in recovery mode for the past week, with all major cryptocurrencies ending the week with gains.

The Week: BlockFi Announces Crypto Saving Accounts, SIX Swiss Exchange Launches Ether and Bitcoin ETPs

Digital assets recorded a positive week, where total the crypto market cap is up by 7% at $134bn.

The Week: Ethereum Hard Forks, Julius Baer to Offer Digital Assets Services, and Putin Plans for Oil-backed Coin

Following a week of consolidation and several failed attempts to break through resistance, Bitcoin and all major cryptocurrencies plummeted as of Monday morning.

The Week: Coinbase Adds XRP, Samsung S10 Blockchain Wallet and Bitmain Reports Losses

After a bullish week across the crypto markets, where the total market cap spiked by more than 14% from $126bn to $144bn on Saturday, the bears came back on Sunday and virtually wiped out the entire gains within a single hour. 

The Week: JP Morgan Coin, Coinbase Wallet, Nasdaq Adds BTC & ETH Indices

Last week saw the cryptocurrency markets increase in price and volume, after a extended consolidation period. JP Morgan announced it was launching its own coin and Nasdaq added bitcoin and ethereum indices.

The Week: Kraken Acquires Crypto Facilities & Coinbase Supports PayPal

Digital assets recorded an impressive end of the week with a $10bn injection into the total crypto market, a 9% change from the previous week and a 66% increase in volume.

The Week: VanEck Resubmits ETF Application, SWIFT Discuss R3 Blockchain Tech

Positive news this week around the launch of Fidelity’s custody solutions in March and the resubmission of VanEck’s ETF application have not materially affected the market.

The Week: CBOE Pulls Bitcoin ETF Application, XRP Market Cap Possibly Overstated

This week saw some important developments, the most notable being the withdrawal by CBOE of the hotly-anticipated VanEck-Solidx ETF during the US government shutdown. With bitcoin dropping over 3% and ether by more than 10%, this week also saw research from Messari claiming that XRP’s market cap is likely overstated by more than $6 billion.

The Week: Bitcoin OTC Volumes Up, Bitwise ETF & Bitmain Appoints New CEO

Despite the number of daily transactions reaching a one year high (280,000), market leader Bitcoin is down 10% over the last week. However, there has been positive news for the crypto industry this week, particulary bitcoin which saw OTC volumes increase recently and two new bitcoin ETFs hit the headlines.

NKB Crypto Update: Markets Bounce Back

Since our latest edition (17th Dec), digital assets have bounced from the yearly lows of $104 billion back up to $146 billion on 24th Dec, representing a 40% spike in the total crypto market cap.

The Week: Stablecoin Basis Folds, Revolut Wins Banking License, Swiss Crypto Exchange Launching

Last week was somewhat of a mixed picture for the crypto industry as the 2018 bear market  claimed some more casualties, but also saw some positive developments for the space. $133m stablecoin project Basis announced its closure along with a refund to all investors, while mining giant Bitmain said that it is shutting down its Israeli R & D wing. In more positive news, mobile finance app Revolut – which features crypto services – won an EU banking license, while Swiss exchange Stuttgart Börse revealed plans to launch a crypto trading platform.

The Week: Nasdaq BTC Futures, Hashrate Falls, Bitcoin ETF Discussions

Last week saw numerous important and positive institutional and regulatory announcements. Ohio announced it will allow companies to pay taxes with bitcoin, VanEck and Nasdaq partner to launch bitcoin futures and two bitcoin addresses were sanctioned by OFAC.

The Week: Bakkt Postpones Bitcoin Futures, USDC Audit & Hashrate Drops

The crypto sell off continues as last week wiped out almost another 34% off the total market cap, bottoming at $115 million. Bitcoins hashrate continues to drop as miners are forced out by declining prices. Bakkt CEO explains the decision to postpone their bitcoin futures product, and USDC gets audited.

The Week: Crypto ETP ‘HODL5’, Bitcoin Cash ‘HashWar’, SEC Charges ICOs

A bloody week indeed for cryptoassets, where the total market cap has lost more than 19%. The SEC set precedent by charging two Airfox and Paragon ICOs, forcing them to refund investors. Amun AG, is launching the world’s first multi-asset cryptocurrency index exchange-traded product (ETP).

The Week: SEC Charges EtherDelta Founder, $125 Million Airdrop, Tethers Bank In Trouble

Despite flat markets, there were significant developments this week, the Stellar Development Foundation, announced a $125 million community airdrop, bolstering the price of Stellar by 12.8%. The SEC charged EtherDelta with operating an unregistered security exchange and Tether’s new bank – Deltec – has been caught in another bribery case.

The Week: Markets Recover, Coinbase Adds Basic Attention Token and Binance Uganda Launches

The total Crypto Market rose by 1.3%, and overall volume spiked by more than 40% over the past 7-days. Coinbase listed Basic Attention Token (BAT) which is up 30% on the week, Binance Uganda had a successful launch and Global Digital Finance published their Code of Conduct.

The Week: Coinbase and Circle, Bitcoin ETF Meeting, UK Financial Taskforce Report

The total crypto market shrank by 1.2%, and overall volume lost 5% over the past 7-days. A few positive regulatory developments have not buoyed the price and it is unclear what is behind the 4% drop at the end of the week. VanEck, SolidX, CBOE met with the SEC commissioner it what appears to be a productive meeting.

The Week: Stablecoin Wars, CME Bitcoin Volumes Up 41%, BitGo Raises $53m and Fidelity

The cryptocurrency markets calmed down after a turbulent week, Bitcoin is down 1% and Ethereum is down by 1.6%. The best performers were Basic Attention Token (55%), Qtum (24%) and recent Coinbase addition 0x (23%). Cryptoassets did not react to the very bullish news around Fidelity and BitGo, CME bitcoin futures volume increased 41% from Q2-Q3 and stablecoin competition remains fierce.

The Week: Tether Panic, Fidelity and US Senate Showdown

The Tether sell off led to a price spike as traders bought bitcoin and other cryptocurrencies to exit the rapidly devaluing USDT. Several positive regulatory developments have occurred last week and most notably Fidelity will launch crypto custody and brokerage solutions for institutional investors. Nouriel Roubini aka ‘Dr Doom’ spoke at the US Senate hearing alongside Peter Van Valkenburgh, Director of Research at Coin Center.

The Week: Bitcoin Volatility at 3-Year Low, Crypto Money Laundering, SEC ETF Decisions

Despite an exciting news week bitcoin volatility is at a three year low with strong support at around $6,400 and significant resistance at $6,850, many analysts are predicting an imminent breakout. The SEC reviewed decisions on nine Bitcoin ETFs, Gemini Exchange secured an insurance partner and cryptocurrency money laundering came back into the spotlight.

Weekly Report: Bitcoin ETF, Mining Competition, Zaif Hack, Binance Domination

The total cryptocurrency market rose by almost 8%, and the overall volume spiked by 33% over the past 7-days. Mining competition has stepped up with announcements from Bitmain and Bitfury. Zaif suffered a $60 million hack and Binance announced grand plans. The SEC has delayed the Bitcoin ETF yet again whilst the New York Attorney general published a damming 42-page report on crypto exchanges.

Weekly Report: Stablecoins Abound, Institutional Interest, Sharding, Tezos Mainnet

The previous week has reacted positively on the whole despite lows of $170 being seen in ETHUSD markets. Some analysts are claiming that a bottom is finally forming for bitcoin. There are promising signs of institutional interest, three new stablecoins have been announced, Ethereum and Tezos has caused a stir in the altcoin markets.

Weekly Report: Coinbase & Blackrock, Goldman FUD, SEC Suspends BTC and ETH ETNs

Cryptocurrencies saw a massive sell in the latter part of last week, the total market cap shrank by more than 16%. Bitcoin has stabilised, however, analysts claim that ICOs will continue to suppress ETH price with treasury selling. Goldman Sachs ‘Fake News’, Coinbase and Blackrock ETF rumours and positive regulatory moves from South Korea and the EU have all had a bearing on price this week.

Weekly Report: CBOE Plans ETH Futures, Volumes Increase, Yahoo! Adds Crypto Trading

Cryptocurrency markets have rallied over the past week with total market cap increasing by almost 9%. There has been a smattering of relatively small but bullish developments in the space such as Yahoo! finance supporting Bitcoin, Ethereum and Litecoin trading. CBOE said they have plans to launch Ether futures. Satis research released a report on cryptocurrency valueations that had some optimistic 5 year price predictions, notably Bitcoin at $96k.

Weekly Report: Bitcoin ETF Rejections, Short Squeeze Rally, China Ban & Signs of Recovery

Despite negative news from China, signalling they will block access to 124 foreign crypto exchanges and the US SEC rejecting 9 ETFs. It looks like the market has already priced in most of the negative scenarios and is forming a bottom. Bitcoin short positions were at 2018 highs last week and this is thought to have caused a ‘short squeeze’ rally.

Weekly Report: Bearish Market Continues, Scams and ETH Slides Amid Concerns About DApps

This week saw news about crypto scams predominate, while weak summer activity seems to be preventing the market from recovering. With the ether price reaching record lows, concerns about scam DApps and DApp usage sparked questions about the future of the platform. Pantera Capital, however, this week looked beyond the bear market – launching a $175m crypto venture fund.

Facebook May Lose its Monopoly on Identities – Will Blockchain Fill the Gap?

Facebook recently erased $125 billion of its market value after publishing a quarterly report, the largest drop in the history of the American stock market.

Weekly Report: Coinbase Custody, SEC Subpoenas, Bitcoin ETF Delay

Bitcoin has been in a downward trend since last week correcting from over $8200 to under $7000. Best performers among top-40 crypto were Ethereum Classic (2%), Binance Coin (1%). Analysts see the dip as a technical move as fundamental news was bullish, particulary the NYSE Bakkt and Coinbase Custody announcements.

Weekly Report: Bitcoin ETF, Blackrock Interest and Coinbase Listings

The Bitcoin dominance increased from 42.7% to 45.6%, moving up due to Bitcoin’s increased trading activity and 19% price appreciation over the course of a week. The best performers among the top-40 crypto assets were Bitcoin Diamond (+117%), Stellar (+33%), and Cardano (+21%). Positive regulatory news and Bitcoin ETF anticpation are drivers.

Weekly Report: S Korea Pro Regulation, Augur Launches, Bancor Hacked & More

Markets appear to be stabilizing around a bottom amidst a mostly positive week of developments. Malta, S. Korean and Bermuda move forward with regulation on blockchain technology and ICOs. Augur launches on the Ethereum network. Coinbase looking into adding five new crypto assets to trading: ADA, BAT, XLM, ZEC,ZRX. CBOE files with SEC for Bitcoin ETF.

NKB Group: Weekly Market Update

The cryptomarket recovered last week. With 4-6% gains from the top cryptocurrencies, top performers included NEO and ETC. Malta set a regulatory framework for Blockchain technology, Thailand SEC will introduce a new rule governing local ICOs, Ethereum suffered a gas crisis, South Korean banks investments totalled $1.79bn, Bitmain joined the list of EOS block producers and the largest ETF trader in Europe entered the cryptomarket and much more.

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