Markets

SkyBridge Capital Founder on Crypto Market: “We Haven’t Sold One Position”

On Thursday (May 12), Former White House Director of Communications Anthony Scaramucci, who is the founder and managing partner of global alternative investment firm SkyBridge Capital, shared his thoughts on the crypto market. SkyBridge Capital is “an SEC-registered investment adviser and global alternative investment manager that invests in hedge funds, digital assets, private equity, and real estate.” […]

Bitcoin Spot Trading Into USD Dropped 25.5% in April: Report

Bitcoin spot trading volume into the U.S. dollar decreased by 25.5% last month to 707,000 BTC, the lowest recorded figure for the fiat currency since August 2019. Meanwhile, USDT remained the stablecoin with the largest BTC volume in April, with 3.18 million BTC being traded. That’s according to CryptoCompare’s April 2022 Exchange Review, which also […]

Institutional Investors Are Betting on Bitcoin ($BTC) and Solana ($SOL) Amid Crypto Market Downtrend, Data Shows

Institutional investors are betting on the flagship cryptocurrency Bitcoin ($BTC) and on Ethereum rival Solana ($SOL) amid a cryptocurrency market downturn marked by the collapse of Terra’s $LUNA and its UST stablecoin. According to a new report from CoinShares, BTC investment products have seen $45 million in inflows over the last week, as assets under […]

‘Rich Dad Pood Dad’ Author Says ‘Biggest Depression Ever’ Might Have Started

Robert Kiyosaki, the highly successful author of the “Rich Dad Poor Dad” series of personal finance books, says that the U.S. could be heading towards another economic depression and market “bust.” “Rich Dad Poor Dad“, which is one of the top 10 personal finance books of all time, “advocates the importance of financial literacy (financial education), financial […]

Head of Coinbase Institutional Explains Why Goldman Sachs’ First Bitcoin-Backed Loan Is Significant

Nasdaq-listed cryptocurrency exchange Coinbase (NASDAQ: COIN) has been revealed as the mysterious firm that took out Wall Street’s first Bitcoin-backed loan from Goldman Sachs. The firm took out the loan in a bid to deepen ties between the crypto and traditional finance world. Brett Tejpaul, head of Coinbase Institutional, was quoted in a Bloomberg report […]

Crypto Investment Products See Trading Volumes Decline for Sixth Straight Month

As cryptocurrency prices keep on dropping, investors flooded out of cryptocurrency investments products in April and their average daily trading volumes fell 16.3% to $244 million, marking the sixth consecutive month of declining trading volumes. According to CryptoCompare’s Digital Asset Management Review report, the trading volumes of cryptocurrency investment products have fallen 71% since October […]

Geopolitical Tailwinds Have ‘Strengthened Long-Term Value Proposition’ of Crypto: CryptoCompare Report

In a wide-ranging report leading cryptocurrency market data and index provider CryptoCompare has suggested that in the short to medium term it sees a recession in global financial markets, although geopolitical tailwinds have “strengthened the long-term value proposition” of crypto. In its Outlook 2022 report, CryptoCompare details that in financial history there have been instances […]

Top-Tier Exchanges’ Market Share Surpassed 90%, CryptoCompare Data Shows

Higher quality cryptocurrency trading platforms have been steadily gaining market share over the last few quarters, to the point they now command over 90% of the cryptocurrency space’s trading volumes. According to CryptoCompare’s latest Exchange Benchmark report, Top-Tier crypto trading platforms have been seeing their market share of total exchange volumes grow since August 2021. […]

Mozilla Foundation Brings Back Crypto Donations, but Leaves out Bitcoin ($BTC) and Other Cryptos

The Mozilla Foundation, a non-profit organization that oversees the Mozilla Corporation, which is behind a number of internet-related applications including the popular Firefox web browser, is resuming cryptocurrency donations, but is leaving out numerous cryptos including Bitcoin ($BTC). According to an announcement from the Mozilla Foundation, it started a “heated discussion about cryptocurrency” at the […]

Binance Announces Plan to Acquire Brazilian Securities Brokerage Firm

Leading cryptocurrency exchange Binance has announced plans to buy Brazilian securities brokerage firm Sim;paul Investimentos and has reportedly signed a memorandum of understanding (MoU) to move forward with the deal. According to local news outlets, the brokerage firm is authorized by the Central Bank of Brazil and the country’s Securities and Exchange Commission. While any deal […]

Crypto Is One of the ‘Right Trades’ as Setup Resembles Previous 860% Gains, Says Former Goldman Sachs Exec

Former Goldman Sachs executive Raoul Pal has revealed he believes that cryptocurrencies are one of the “right trades” during the “dark times” we are going through, implying their setup is now close to the one seen in March 2020. In a series of tweets shared with his over 900,000 followers on social media, Pal noted […]

$155 Billion Investment Firm Launches Dedicated Crypto Fund

Bain Capital, an asset manager with $155 billion in assets, has launched a $560 million dedicated cryptocurrency fund to “support the renegades and pioneers building the next generation of internet infrastructure.” According to an announcement, Bain Capital’s new fund, Bain Capital Crypto, is designed to invest in and support those building on the cryptocurrency and […]

Crypto Investment Products’ AUM Rose to Nearly $45 Billion Last Month: Report

The total assets under management (AUM) of cryptocurrency investment products has risen in February to reach $44.9 billion as the prices of Bitcoin and Ethereum rose by 1.5% and 5.7% respectively last month. According to CryptoCompare’s new Digital Asset Management Review report, macro sentiment around risk-assets like equities and cryptocurrencies has been leading the narrative […]

Crypto Donations to Ukraine Top $30 Million as Russia’s Offensive Continues

Cryptocurrency donations sent to the Ukrainian government and several non-governmental organizations meant to support the country amidst its ongoing war with Russia have topped the $30 million mark. According to on-chain analytics firm Elliptic, the Ukrainian government and NGOs supporting the country’s military efforts and humanitarian causes have raised $20 million across 17,451 transactions as […]

Ukrainian Crypto Exchange Sees Trading Volumes Explode Amid Russian Invasion

A popular Ukrainian cryptocurrency exchange, Kuna, has seen its trading volume explode after Russian President Vladimir Putin announced a “special military operation,” which appears to be a full-scale invasion of the country. In a televised speech, President Putin warned the United States and NATO against getting involved, saying that anyone who “tries to interfere with […]

Crypto Analyst Who Called 2018’s Market Bottom Sees Bitcoin ($BTC) Price Drop Below $28,000

A top cryptocurrency strategist that has gained a large following on social media after accurately calling bitcoin’s 2018 bear market bottom above $3,000, has revealed he believes the price of the flagship cryptocurrency will now drop to $28,000. The pseudonymous analyst, as Daily Hodl reported, known as Smart Contracter on social media, told his over […]

$DOGE: Dogecoin-Inspired Restaurant Opens in Dubai, Accepts Crypto Payments for ‘Mouthwatering Burgers’

A cryptocurrency-based restaurant has opened in Dubai and is accepting payments in every major cryptoasset for food based on the meme-inspired cryptocurrency Dogecoin ($DOGE). The restaurant is a virtual one available through delivery. According to Timeout Dubai, the virtual restaurant was launched by Rocket Kitchens, a chain of virtual restaurants, and its menu was “carefully […]

Crypto Exchange Bybit Signs ‘Largest per Annum Deal’ of Crypto’s Foray Into Sports With Red Bull

Singapore-based cryptocurrency exchange Bybt has signed the “largest per annum deal of crypto’s foray into sports to date” with Red Bull in a collaboration worth $50 million per annum. According to a press release shared with CryptoGlobe, the multi-year agreement will see Bybit become the “principal team partner” of Oracle Red Bull Racing, below only […]

Colorado to Accept Cryptocurrency Payments for State Taxes

The U.S. state of Colorado is set to accept cryptocurrency payments for state taxes by the middle of this year, according to its governor, Jared Polis, who in an interview said the move was part of a longtime ambition of the state. In an interview on CNBC’s “Crypto World,” Polis noted that cryptocurrency payments will […]

Wells Fargo: Crypto Market Could Soon See ‘Hyper-Adoption Phase’

A new report published by financial services and banking giant Wells Fargo suggests cryptocurrencies could be near a “hyper-adoption phase” similar to the one that the internet saw during the mid-to-late 1990s. According to the report from the bank’s Global Investment Strategy Team, Wells Fargo believes cryptocurrencies are “viable investments today,” even though they “remain […]

Crypto Derivatives Reach an All-Time High in Market Share, Reports CryptoCompare

The cryptocurrency derivatives market has seen its market share of total trading volume reach a new all-time high in January after derivatives volumes remained steady at $2.86 trillion for the month, whilst spot volumes dropped 30.2% to $1.81 trillion. According to CryptoCompare’s January 2022 Exchange Review, as a result, the derivatives market has reached an […]

Russian Minister of Finance Suggests Local Banks Should Be Able To Sell Crypto

Russia’s Minister of Finance Anton Siluanov has suggested local banks should be able to sell cryptocurrencies at a time in which the country’s central bank is pushing to ban cryptoassets and the ministry is opting for regulation. Siluanov’s suggestion came in a letter sent to Prime Minister Mikhail Mishustin, reported on by Russian newspaper Kommersant […]

Customers Spent $2.5 Billion With Visa Crypto Debit Cards in Past Three Months

Payments giant Visa has revealed in its recent earnings call that customers made $2.5 billion in payments using its cryptocurrency-linked cards in its fiscal first quarter of the year. The figure represents 70% of the company’s crypto volume for all of fiscal 2021. According to CNBC, Visa’s CFO Vasant Prabhu noted that the figure signals […]

Russians Hold Over $200 Billion in Cryptoassets, Local Government Estimates

Russians are believed to collectively hold more than 16.5 trillion rubles, or around $214 billion, worth of cryptocurrencies, according to estimates from government officials based on the IP addresses of users are crypto exchanges and “other information.” The $214 billion figure is equivalent to around 12% of global cryptocurrency holdings or a third of the […]

Bitcoin ($BTC) Share of Assets Held in Crypto Investment Products Increased to 69.5% in January

In January, the price of most cryptocurrencies tumbled, with BTC dropping over 20% and ETH over 30% in a continued decline from all-time highs seen in November of last year.  Over the decline, Bitcoin’s share of total assets held in cryptocurrency investment products rose to 69.5%. According to CryptoCompare’s latest Digital Asset Management Review, macro […]

Goldman Sachs Warns Growing Crypto Adoption May Not Lead to Riches

Goldman Sachs has warned that investors should not expect rising cryptocurrency adoption to translate to riches for their portfolios, as analysts at the investment bank have speculated prices may not rise as adoption grows. According to a note sent to clients, reported on by Bloomberg, Goldman Sachs analysts Zach Pandl and Isabella Rosenberg wrote that […]

Fake Grimacecoins See Price Explosions After McDonald’s Rejects Musk’s Dogecoin ($DOGE) Push

A flurry of fake Grimacecoins has appeared on the Binance Smart Chain and Ethereum networks shortly after McDonald’s responded to Elon Musk’s push for the fast-food giant to accept Dogecoin ($DOGE) as a payment method. Some Grimacecoins saw their prices explode. As reported by CoinDesk, one GrimaCoin saw its price pump as much as 285,000% […]

$BTC: President of Chamber of Digital Commerce Says ‘Bitcoin Is Undervalued’

On Monday (January 24), Perianne Boring, the founder and president of the Chamber of Digital Commerce, talked about the crypto markets in general and the Bitcoin price in particular. The Chamber of Digital Commerce is “the world’s leading trade association representing the digital asset and blockchain industry.” Its mission is “to promote the acceptance and use of digital assets and […]

Bitcoin’s Price Pullback Could Be Start of ‘Crypto Winter’, Says Swiss Investment Bank UBS

Analysts for multinational investment bank and financial services company UBS Group AG are warning that the current price slump for Bitcoin could be the start of another “crypto winter.” According to a report by Insider, the crypto markets could be in for another “winter” of price crashes that will take years to recover to the […]

MicroStrategy CEO Michael Saylor Explains Why Crypto Market Is Down

In a recent interview, Michael J. Saylor, Co-Founder, Chairman, and CEO of Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR), gave two reasons for the current downturn in the crypto market. On 11 August 2020, MicroStrategy announced via a press release that it had “purchased 21,454 bitcoins at an aggregate purchase price of $250 million” to use […]

Which Cryptos Will Survive a Bear Market?

Table of Contents: Which Cryptos Will Survive a Bear Market? Contagion in the Crypto Market Why Choose Cryptos That Will Survive the Bear Market? How to Pick a Balanced Crypto Portfolio Which Cryptos Should You Pick? How to Identify the Best Cryptos How to Conduct Due Diligence on Cryptos Crypto White Paper Analysis The Project […]

The Fed’s Upcoming Rate Hikes Could Help Bitcoin ($BTC) Outperform Stocks in 2022: Bloomberg Analyst

 Minutes from the Federal Reserve’s last meeting in December showed that officials discussed shrinking the central bank’s swollen $8.3 trillion balance sheet and raising interest rates sooner than expected. The central bank’s hawkish stance could help bitcoin outperform stocks this year. According to Bloomberg analyst Mike McGlone, who in the January edition of Bloomberg’s Crypto […]

Ex-BitMEX CEO on Where Crypto Prices Will Go and How He Has Adjusted His Portfolio

Earlier today, Arthur Hayes, Co-Founder of 100x Group, published an essay on what the U.S. Federal Reserve is likely to do in 2022, how that will affect crypto prices, and how he has adjusted his personal crypto portfolio in preparation for this. 100x Group, which came into existence in July 2020, is the holding group […]

Nasdaq-Listed Company Offers ‘First-Ever’ Bitcoin Dividend

Nasdaq-listed blockchain infrastructure and technology firm BTCS has announced it will become the “first-ever” company listed on the exchange to offer a dividend payable in bitcoin to its shareholders. According to an announcement with the U.S. Securities and Exchange Commission (SEC), BTCS is set to pay a $0.05 per share dividend in bitcoin, based on […]

Crypto Lending: Everything You Need to Know

Written by: Dmytro Bobriakov. Dmytro is an investor with more than 10 years of experience in the field of financial analysis who has worked for all the Big Four companies in managerial roles Cryptocurrencies have proven to be useful for several reasons over the past few years. The assets started primarily as a means of sending […]

Crypto Investors’ Interest in Buying the Dip Surged After Market Downturn

Data from cryptocurrency analytics firm Santiment has revealed that after the cryptocurrency market downturn over the weekend, investors’ interest in buying the dip surged with mentions of the term “buy the dip” seeing their largest spike in three months on social media. The firm shared its data with its over 114,000 followers on social media, […]

Ethereum ($ETH) Sets Record for Average Open Interest in November

In November, aggregate open interest across cryptocurrency derivatives products increased to an average of $36.6 billion, up from $31.4 billion in October. Open interest across BTC futures products rose to $18.9 billion, up 14.7% from October, while open interest for ETH futures products rose 16.9% to $8.1 billion, a new all-time high. The figures come […]

Solana ($SOL) Investment Products Outperformed $BTC-Based Ones in November: Report

Solana ($SOL) investment products have, along with Litecoin-based products, outperformed bitcoin-based cryptocurrency investment products, with 21Shares’ ASOL fund and Grayscale’s LTCN returning investor 22% and 14.9% last month, respectively. According to CryptoCompare’s latest Digital Asset Management Review report, 21Shares’ Solana investment product also experienced the largest percentage increase in trading volume, growing 171% to $6.3 […]

CME Bitcoin Futures Trading Volume Surged 120% After Launch of First Bitcoin ETF in the US

The trading volume of bitcoin futures contracts on the Chicago Mercantile Exchange (CME) has increased 121% to $70.3 billion, a new all-time high, after the launch of the first bitcoin exchange-traded fund (ETF) in the United States. According to CryptoCompare’s October 2021 Exchange Review report, CME’s BTC futures volumes increased after the launch of the […]

Crypto Data Provider CryptoCompare Receives FCA Authorization to Operate as Benchmark Administrator

Leading cryptocurrency market data and index provider CryptoCompare has received authorization from the United Kingdom’s markets regulator, the Financial Conduct Authority (FCA), to operate as a Benchmark Administrator. According to a press release shared with CryptoGlobe, the FCA authorization was awarded to CryptoCompare’s data and index subsidiary CC Data Limited, and allows the firm to […]

Crypto Investment Products’ AUM Hit New All-Time High Near $75 Billion

Cryptocurrency investment products have seen their total assets under management (AUM) increase b 45.5% to get near the $75 billion mark in October, surpassing the previous all-time high of $58.7 billion in March of this year. According to CryptoCompare’s latest Digital Asset Management Review, rising cryptocurrency prices and weekly inflows led to the surge in […]

Crypto Investment Products’ AUM Hit New All-Time High Aided by $ADA and $DOT

Cryptocurrency investment products have seen their assets under management (AUM) hit a new all-time high of $72.3 billion ahead of the launch of the first bitcoin futures exchange-traded fund (ETF) in the United States. According to a report published by CoinShares, inflows totaling $80 million this past week coupled with cryptocurrency price rises have led […]

5 Tools You May Find Useful in Your Crypto Trading Journey

Written by Renat Rashevsky. Renat is a cryptocurrency writer and enthusiast. He is in love with blockchain technology and willing to help people learn more about it. Important information: This is a guest post. Please remember that the value of investments, and any income from them, can fall as well as rise so you could […]

Institutional Investors’ Interest in Ethereum Is Increasing, Suggests CryptoCompare Research

Institutional investors’ interest in Ethereum (ETH) and other bitcoin alternatives appears to be increasing, with bitcoin investment products seeing their total assets under management falling 7.8% in September to $35.1 billion, their lowest share this year. According to the September edition of CryptoCompare’s Digital Asset Management Review, Ethereum-based products reached their highest market share of […]

Crypto Investment Products’ Total AUM Surge to $54.8 Billion

The total assets under management (AUM) across all cryptocurrency investment products have increased 57.3% to $54.8 billion as the prices of most top cryptocurrencies have started recovering in late July. According to the August edition of CryptoCompare’s Digital Asset Management Review, Bitcoin-focused investment products saw their total assets under management rise 51.9% to $38.1 billion but […]

Top-Tier Exchanges Dominate Crypto Market as Traders Go Risk-Off: Report

Higher quality cryptocurrency trading platforms have been steadily gaining market share over the last few quarters as both retail and institutional traders choose less risky platforms, according to a newly published report. According to CryptoCompare’s updated Exchange Benchmark, Top-Tier exchanges added 4% additional market share since February of this year and now control 89% of […]

$9 Trillion Asset Manager BlackRock Invested in Bitcoin Mining Stocks

The world’s largest asset manager BlackRock, with $9 trillion in assets under management has taken significant stakes in two publicly traded bitcoin mining firms through a capital commitment just shy of $383 million. According to Forbes, BlackRock invested $206.7 million to buy 6.71% of Marathon Digital Holdings and $176.1 million to buy 6.61% Riot Blockchain. […]

Crypto.com to Reach 775 Million Soccer Fans Through New Partnership

Popular cryptocurrency platform Crypto.com is set to reach over 775 million soccer fans through a new partnership deal signed with Lega Serie A, a professional soccer league competition at the top of Italy’s sports scene. According to a press release shared with CryptoGlobe, Crypto.com will become the first Innovation & Technology Partner of Italian Football […]

Billionaire Mark Cuban Says Crypto Tax Provision Could Choke Sector’s Growth

Billionaire investor Mark Cuban, a former cryptocurrency critic that turned supporter, has argued that the cryptocurrency tax provision included in the $1 trillion infrastructure bill could choke the sector’s growth. Speaking to The Washington Post, the billionaire claimed the provision could shut off the bitcoin and crypto “growth engine,” which he says would be like […]

Over Half of the World’s Leading Banks Have Crypto Exposure: Report

Over half of the 100 largest banks in the world by assets under management reportedly have exposure to cryptocurrency and blockchain technology through projects in the space, according to a newly published report. The report, published by Blockdata, first reported by Cointelegraph, reveals global banking giants have been increasing their involvement in the cryptocurrency space […]

Crypto Spot Volumes Fall to Yearly Low as Open Interest Rises

Cryptocurrency prices started picking up in late July, with Bitcoin and Ethereum rising 18.3% and 11.2% respectively month on month. While the rise helped open interest surge for the first time in three months, spot volumes fell to a yearly low. That’s according to CryptoCompare’s Exchange Review report, which details that spot volumes fell 31.5% […]

Crypto Community Fights to Change ‘Unworkable Requirements’ in Infrastructure Bill

The cryptocurrency community has been rallying to change what are seen as “unworkable requirements” in the 2,700-page infrastructure bill caused by poorly-worded language that “could mean anything.” Speaking to CNBC Own Lay, an analyst at Oppenheimer, has explained the problem is the definition of a digital asset “broker,” which in the bill is defined as […]

Bitcoin’s Price Could Start Moving Up Soon, Technical Indicators Suggest

The price of Bitcoin has been trading between the $40,000 and $30,00 marks over the last few weeks and the range it’s trading in has been shortening over time as its volatility plunges. Technical indicators now suggest that range may be broken upward. As reported,  CryptoCompare’s June 2021 Exchange Review revealed that the drop in prices […]

Guggenheim CIO: Current Bitcoin Price ‘Crash’ Could Take $BTC to As Low as $10,000

Last week, Scott Minerd, Global Chief Investment Officer of Guggenheim Partners and the Chairman of Guggenheim Investments, the man who said last December that “Bitcoin should be worth about $400,000”, shared his latest thoughts on Bitcoin. Guggenheim Investments is “the global asset management and investment advisory division of Guggenheim Partners and has more than $233 billion in total […]

Cryptocurrency Trading Volumes Plunge as Prices and Volatility Stall

The price of bitcoin has dropped from a $64,000 all-time high in mid-May to a $30,000 low and recovered shortly after. The cryptocurrency has since been trading between $30,000 and $40,000 since and its reduced price and volatility have taken a toll on trading volumes. According to CryptoCompare’s June 2021 Exchange Review report, spot trading […]

Mike Novogratz on Bitcoin: ‘Asia Sells It Off and Then the U.S. Buys It Back’

During an interview on Thursday (July 8), billionaire investor Mike Novogratz talked about the crypto space in general and Bitcoin in particular. Former hedge fund manager Novogratz is the Founder and CEO of Galaxy Digital, “a diversified financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sector.” Novogratz’s comments about Bitcoin were made […]

Bloomberg Senior Commodity Strategist: Bitcoin and Gold ‘Set To Shine’ in H2 2021

The recently-released June 2021 edition of Bloomberg research report “Bloomberg Commodity Outlook”, which was written by Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence (Bloomberg’s research arm on the Bloomberg Terminal”), is quite bullish on the outlook for both gold and Bitcoin in H2 2021. Here are some highlights from this report: The “mainstream migration trend” seems strong as evidenced by the […]

On-Chain Analyst Expects Bitcoin Price to Explode Due to Impending Supply Shock

Popular bitcoin analyst Willy Woo has predicted a potential supply shock for Bitcoin could see the price of the flagship cryptocurrency surge in the near future, as long-term bitocin holders have been accumulating coins while short-term holders have been selling. According to Woo, as Cointelegraph reports, the ratio of Bitcoin held by long-term investors is […]

Crypto Investment Products’ AUM Dropped 9.5% Amid Crypto Market Crash

The total assets under management among cryptocurrency investment products dropped by 9.5% to $40.5 billion this month after the prices of leading cryptocurrencies plunged, with bitcoin falling 15.1% month-to-date and ethereum dropping 30.3% over the same period. According to CryptoCompare’s Digital Asset Management Review, average weekly asset inflows across all major cryptocurrency investment products decreased […]

99% of Cryptocurrencies Are ‘Overpriced’, Says Digital Currency Group CEO

Barry Silbert, the CEO of the Digital Currency Group, has revealed on social media he believes that 99% of cryptocurrencies “are overpriced,” after sharing details of a volatility bet he made by longing the Cboe Volatility Index (VIX). On Twitter, Silbert revealed he was longing the VIX via the ProShares Ultra VIX Short Term Futures […]

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