Estonian crypto-to-fiat exchange BitBay has now listed tether (USDt) on its platform.
New research amongst institutional investors who collectively help manage USD78.4 billion of assets, reveals that over the next five years 26 per cent believe pension funds, insurers, family offices and sovereign wealth funds will ‘dramatically’ increase their level of investment in cryptocurrencies such as bitcoin and crypto assets in general.
This past week, nearly 5,700 new people have signed up to Electroneum via the website, which now has 4,048,709 registered accounts. New users have completed almost 5,300 Electroneum app downloads in the past seven days. That means there are nearly 2.7 million active app users.
August 2020 featured a low volatility environment compared to previous years, as sentiment around the macro backdrop and the Covid-19 recovery improved, and the ongoing growth in central bank balance sheets proved a boon for risky assets. But with economic data having little impact on prices and a larger share of the market owned by domestic commercial banks, are developed government bond markets at risk of Japanification?
AlgoTrader and Blockfills have formed a partnership to provide financial institutions with a secure gateway to global crypto and digital asset liquidity.
Digital asset data infrastructure company Brave New Coin has partnered with LEVERJ to roll out a full pipeline of innovative exchange traded products for Leverj.io, a scalable decentralised derivatives exchange.
Worldwide bitcoin trading volume has decreased by up to 37 per cent compared to last year. However some countries have also registered strong growth in the use of the currency, as shown by a new infographic from Block-Builders.de. In Latin America in particular, BTC is becoming increasingly important and living up to its reputation as a crisis currency.
Cryptocurrency exchange provider Binance has partnered with Oasis Labs to launching the CryptoSafe Alliance to combat fraud.
Blockchain software company ConsenSys has acquired Quorum, an enterprise-variant of the Ethereum blockchain developed by JP Morgan.
Year to date, the value of bitcoin has increased by around 64 per cent and one bitcoin is now worth around USD11,500, while new research reveals institutional investors expect further rises in the valuation of the cryptocurrency this year.