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Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, TRON, Bitcoin SV, Cardano: Price Analysis,...

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Blockstream launches new premium bitcoin wallet: Blockstream Green

Blockstream, the blockchain, and bitcoin technology company, today revealed the launch of its brand new bitcoin wallet, Blockstream Green. Green is a major update to Blockstream’s GreenAddress wallet. Rebuilt from the...

Crisis at Crypto Exchanges? Bithumb Announces Cut in Workforce

Following a series of recent layoffs and closures within the industry, top Korean exchange Bithumb follows suit by announcing it will cut its workforce in half by the end of...

Analyst: Large Scale Investors Interested in Bitcoin Despite Current Prices

Although Bitcoin is sitting just above its year-to-date low at $6,300, analysts are confident that large scale investors are still interested despite the persisting bear market. Industry sentiment also appears to be near its yearly low, with most investors and analysts calling for pending drops closer to $4,800. Despite there being little hope for another major rally in the foreseeable future, institutional and large-scale investors are still interested in the markets, according to Naeem Aslam, chief market analyst at Think Markets U.K., reports Market Watch. “On the OTC (over-the-counter) front we are still seeing significant demand, many of it large orders, buying both bitcoin and ethereum at these levels. However, on the retail front, they are more in panic mode.” Aslam’s analysis of the institutional demand for cryptocurrency is supported by the sheer number of institutions beginning to offer cryptocurrency products. Recently, reports surfaced claiming that Citigroup was working on a cryptocurrency custodian investing solution that would operate similarly to American depository receipts, allowing institutions to invest in Bitcoin through a fully regulated product that is secure from risk of hacking. Morgan Stanley also announced plans to offer a similar product. Alistair Milne, the chief information officer at Altana Digital Currency Fund, discussed the growing interest in cryptocurrencies by major financial institutions, noting that institutional demand is important for future cryptocurrency prices, saying: “Goldman, Citibank, ICE. Now Morgan Stanley. All launching Bitcoin products and services because there’s no institutional demand. Institutional money took the hedge fund industry from $300 billion to $6 trillion.” SEC Bitcoin ETF Decision the Most Immediate Catalyst for a Major Bitcoin Price Move Bitcoin has been ranging between $6,200 and $6,600 for the past week, following a move down from its previous uptrend, where it rose from $6,300 to $7,300 before falling back to $6,200. Despite the current stability, investors are waiting for the upcoming U.S. Securities and Exchange Commission (SEC) announcement regarding the Bitcoin ETF before placing any major trades. The SEC will be announcing their decision on the CBOE VanEck/SolidX ETF on September 30th, and investors are placing a significant amount of stock on the results of the ruling. Many familiar with the application and the SEC’s approval framework have claimed that the VanEck/SolidX ETF is the most likely of all the previous applications to be approved. If the SEC does approve this Bitcoin ETF, market sentiment will surge on the hopes that institutional and retail investments will rise, leading to a surge in Bitcoin prices and the overall cryptocurrency markets. If their decision is to deny or delay the application, however, the markets will respond negatively, with Bitcoin leading a temporary price crash that will pull the overall markets down. Once institutional products begin being released by the aforementioned banks, they will likely impact the prices as well. Featured image from Shutterstock. The post Analyst: Large Scale Investors Interested in Bitcoin Despite Current Prices appeared first on NewsBTC.

Crypto Market Rebounds: Litecoin (LTC), Bitcoin Cash, Tron (TRX), ADA Price Analysis

The total crypto market cap is showing signs of a recovery above the $108.50B support level.Litecoin (LTC) price is gaining momentum and it could trade above the $35.00 resistance.Bitcoin cash...

Seed CX Launches New Currency Pairs for Institutional Clients

Institutional cryptocurrency exchange operator Seed CX announced the launch of several new currency pairs this Tuesday.Traders on the exchange can now access bitcoin cash (BCH) / USD and litecoin (LTC)...

Stellar-based token platform Smartlands acquires Shojin Financial Services

Smartlands, an aspiring global platform for security token issuance, today announced the acquisition of a major stake in Shojin Financial Services Limited (SFS). The acquisition of SFS allows Smartands to...

The next bitcoin halvening is in 433 days. 1,800 new coins are currently mined...

Supply is well-known and pseudo-fixed. Ignoring a few minor effects, miners can’t produce more or fewer blocks than one every 10 minutes. If demand grows above the inflation rate, holders...

Institute of Decentralized Economics Launches in UK to Study Blockchain Economic Systems

The Institute of Decentralized Economics (IDE) has opened in London, the United Kingdom on Feb. 14, according to a press release shared with Cointelegraph.The think tank, which is dedicated to...

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