BCB Group, a digital asset financial services group, has formed a partnership with cryptocurrency exchange and custodian Gemini to provide UK users with faster ways to send and receive GBP.
eosfinex, a high performance, non-custodial digital asset exchange, and portfolio management solution built on EOSIO technology, has officially launched a beta version of its mainnet, bringing Bitfinex liquidity to the EOS community.
Institutional investors are using Bitcoin more to hedge against inflation and currency devaluation and concerns about poor insurance
New research from cryptoasset insurance company Evertas, reveals that 80 per cent of institutional investors believe the recent coronavirus-led quantitative easing policies adopted by Central Banks and Governments could lead to a rise in inflation, and over the next five years, institutional investors will increasingly look to invest in Bitcoin to hedge against this and currency devaluation.
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.