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Skolem Raises $20m in Series A Funding to Enable Institutions Access DeFi

Skolem Technologies, institutional-grade asset management and execution services provider based in New York, announced on Thursday that it has raised $20 million in Series A funding.  Galaxy Digital led this round of funding. Other participants include Point72 Ventures, Jump Crypto, Fenwick and West, Morpheus Ventures, and Dragonfly Capital. Skolem mentioned that it plans to use … Continue reading Skolem Raises $20m in Series A Funding to Enable Institutions Access DeFi

US Investment Giant Charles Schwab Not Interested in Direct Trade of Crypto

Charles Schwab the US-based brokerage giant, which manages over $3.2 trillion in assets, are dismissing cryptocurrencies for the time being. This decision comes in spite of their competitors ‘Fidelity’ rushing to embrace this new market. According to Rob Farmer, Schwab’s managing director for communications, the firm is not looking to offer direct trading services of … Continue reading US Investment Giant Charles Schwab Not Interested in Direct Trade of Crypto

Thailand’s SEC to Eradicate Any Stumbling Blocks to Digital Asset Advancement

Asian nations are gearing towards incorporating digital assets into their economies as the world gets ready for the fourth industrial revolution or 4IR touted to be transformative. For instance, it is speculated that China is setting a precedent in blockchain adoption.  Thailand is also not wasting any time because it intends to open up the … Continue reading Thailand’s SEC to Eradicate Any Stumbling Blocks to Digital Asset Advancement

JPMorgan Reveals Market is Highly Anticipating the Launch of CME Bitcoin Options

According to JPMorgan Chase & Co, Institutional interest in Bitcoin-related contracts appears to be building, and they believe the market is in high anticipation of the CME Group Inc. options, which are to be launched on Jan. 13.Recently we have seen institutions such as Bakkt, subsidiary of the New York Stock Exchange and its parent … Continue reading JPMorgan Reveals Market is Highly Anticipating the Launch of CME Bitcoin Options

Jun 10: Who says only Irrational Investors trade Bitcoin?

Trading Crypto with Eugene is a series of daily commentary of market analysis and trading advice shared by Eugene Ng of Matrixport, a veteran trader with 10 years of experience in top-tier global investment banks. If you like the article, please follow us here on Blockchain.News so you won’t miss our future publications. BTC has been confined to its tight $9,600 … Continue reading Jun 10: Who says only Irrational Investors trade Bitcoin?

Government Officials in Russia Expected to Declare Their Cryptocurrency Savings

Government officials in the Ural region of Russia are now expected to declare their savings stored in cryptocurrencies. Employees of the Election Commission, public officers working under the Accounts Chamber of the Ural Region, as well as Sverdlovsk civil servants and their wives will have to report on their savings in cryptocurrencies and digital tokens. … Continue reading Government Officials in Russia Expected to Declare Their Cryptocurrency Savings

Is Bitcoin Currently Overvalued? JPMorgan Foresees Selling Pressure Ahead

According to JPMorgan analysts, who looked into Bitcoin’s price by referring to a futures-based index, Bitcoin’s bullish momentum on the market so far has outnumbered its bearish ones. Forecast of modern headwind ahead for Bitcoin However, in the short term, Bitcoin may only experience slight gains due to upcoming resistance factors, as opposed to its … Continue reading Is Bitcoin Currently Overvalued? JPMorgan Foresees Selling Pressure Ahead

Bitcoin Has Been Through Two US Presidential Elections, This One Will be Different for BTC

Bitcoin has witnessed two US presidential elections in its lifetime, since its inception in 2008. However, during the two US elections in 2012 and 2016, the digital asset was still too nascent to have seen any profound impact arise.  The Presidential elections have caught countrywide attention not only from the US but from the entire … Continue reading Bitcoin Has Been Through Two US Presidential Elections, This One Will be Different for BTC

JPMorgan says MassMutual Bitcoin Investment Signals Institutional Demand Could Quickly Grow by $600 Billion

JPMorgan thinks growing institutional demand could see up to $600 billion flow into Bitcoin in the near future after insurance giant Massachusetts Mutual Life Insurance Co. (MassMutual) invested $100 million into BTC. While the $100 million Bitcoin investment is quite small for the US-based insurance company, whose general investment account totalled nearly $235 billion as … Continue reading JPMorgan says MassMutual Bitcoin Investment Signals Institutional Demand Could Quickly Grow by $600 Billion

Bitcoin Price Pops Over Wall Of Sellers at $20K, Flips Resistance to New Support Level

Despite reports that a wall of sellers was waiting for Bitcoin at the $20,000 price level, which had become a crippling psychological barrier for the crypto market, the BTC price surged over the wall and is now trading at new all-time highs, possibly flipping the resistance to a new support level. Bitcoin is surging into … Continue reading Bitcoin Price Pops Over Wall Of Sellers at $20K, Flips Resistance to New Support Level

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