Business

Bakkt and Galaxy Digital Team-Up on New Institutional Offering

[ad_1] The Intercontinental Exchange’s digital asset custody and derivatives platform Bakkt has partnered with crypto asset manager Galaxy Digital to launch a ‘white glove’ service for institutions seeking Bitcoin (BTC) exposure.The collaboration will see Galaxy Digital Trading’s (GDT) matching engine and trading platform offered alongside Bakkt’s digital asset custody services. “We designed this partnership to service the uptick in demand our two firms have received from traditional asset managers seeking access
BLOCKCHAIN

DEX Tokens Have Outperformed Centralized Exchange Tokens by 5X

[ad_1] Decentralized exchange (DEX) tokens’ year-to-date returns are more than five times that of their centralized counterparts according to the latest DeFi report by cryptocurrency research platform Messari.DEX tokens have increased on average 241% so far this year while centralized exchange tokens have only increased by 44%.And that’s not including some recent upswings. The report said that Kyber’s token (KNC) was leading the charge with an increase of more than
BLOCKCHAIN

Wall Street’s Digital Token Broker tZERO Posts Record Growth

[ad_1] Overstock’s shares have jumped by 8% following the release of new data regarding user and trading activity on the company’s tZERO alternative trading system (ATS) for security tokens.An announcement published by tZERO on June 10 noted that May was the exchange’s strongest month on record, with 423,000 digital securities changing hands on the platform last month.The spike in activity follows Overstock’s ‘digital dividend’ distribution — which saw one ‘OSTKO’
Business

Fake SpaceX YouTube Channels Scam Victims Out of $150K in BTC

[ad_1] Crypto scammers have stolen at least $150,000 by impersonating SpaceX YouTube accounts and hosting fake Bitcoin giveaways.According to a June 9 report on Bleeping Computer, several scammers hacked legitimate YouTube accounts and changed the branding and content to emulate that of Elon Musk's SpaceX channel.The channels then broadcast archived footage of Musk as if it was a live event and asked viewers to send Bitcoin (BTC). Bleeping Computer reported
EXCHANGES

CryptoCoin.PRO Presents the Virtual Blockchain Summit 2020 – The World’s First Tokenized Event

[ad_1] Bitcoin Press Release: CryptoCoin.Pro have announced the world’s first tokenized blockchain event, the 2020 Virtual Blockchain Summit, which will run from June 11th – 12th. 8th June 2020, location – Blockchain is growing fast, so fast that just staying up to date with current events is a challenge in itself. The new global landscape of 2020 has only added to this challenge, making the physical attendance of such events a foregone conclusion. Despite these challenging obstacles,
EXCHANGES

Bitcoin Prints Two Technical Trends Last Seen at the Start of the Rally to $20,000

[ad_1] While Bitcoin is trading more than 150% above its March lows, there have been some doubts that the cryptocurrency is going to enter a full-blown bull run. Skeptics of the bull case cite trends like the economy, which still remains in a dismal shape despite trillions of dollars worth of stimulus from the world’s governments. The World Bank estimated that global GDP will drop more than 5%, the largest
EXCHANGES

80% of US and European Institutional Investors Find Cryptocurrency Appealing: Survey

[ad_1] A new survey of about 800 institutional investors in the U.S. and Europe shows strong cryptocurrency adoption, particularly bitcoin. About 80% of institutions said they find cryptocurrency appealing, and 60% believe cryptocurrencies have a place in their portfolios. Crypto Appeals to 80% of Institutions Surveyed Fidelity Digital Assets, the cryptocurrency arm of Fidelity Investments, announced Tuesday the results of a survey to better understand institutional interest and adoption of
Business

Tesla Stock Soars Above $1,000, Surpassing Bitcoin’s Market Cap

[ad_1] Today the value of Tesla stock set a new record high at $1,027, bringing the market capitalization to $188 billion, and also surpassing the total market cap of Bitcoin (BTC), which hovers at $181 billion.While the value of Tesla stock and Bitcoin price are not interconnected, there is a symbolic comparison between the two as the same investor FOMO which drove several Bitcoin rallies in the past appears to
Business

Coinbase Exploring Support for 18 New Digital Assets

[ad_1] The largest cryptocurrency exchange in the United States is considering offering support for a variety of new digital assets.According to a June 10 blog post from Coinbase, the exchange is exploring support for Aave, Aragon, Arweave, Bancor, COMP, DigiByte, Horizen, Livepeer, NuCypher, Numeraire, KEEP Network, Origin Protocol, Ren, Render Network, Siacoin, SKALE Network, Synthetix, and VeChain. However, Coinbase is not considering adding Siafunds.Coinbase did not give a timeline for
EXCHANGES

Report Shows That 25% of Major Institutions are Long on Bitcoin

[ad_1] Institutions have long been looked upon as the group that could help boost the crypto markets up to fresh all-time highs It does, however, appear that many big-name institutions already have long exposure to Bitcoin and other digital assets This exposure may still remain fairly limited, giving the market significantly further room for growth in the months and years ahead Ever since Bitcoin and the aggregated crypto market began