The infrastructure for institutional investors in the crypto market continues to gain steam despite this year’s relentless bear market. Most recently, Israel-based crypto investment fund Silver Castle, which targets institutional and accredited investors, unveiled two crypto funds in November with another fund waiting in the wings and is targeting $50 million in assets under management (AUM) […]
A recent report from “Big Four” auditor, KPMG, details the key challenges facing cryptocurrencies, and importantly notes that digital assets are a “big deal.” The report comes as institutions and corporations are becoming increasingly interested in cryptocurrencies as an investment class. The KPMG report opens with a section titled “Cryptoassets are a big deal,” explaining that despite […]
The U.S. Federal Election Commission (FEC) has given tacit permission for mining pools to donate to political campaigns. The FEC released a memo on their website on November 13, 2018, to provide background information to a formal meeting that would take place on November 15. In it, they addressed a recent request filed by OsiaNetwork […]
Columbia University and IBM are launching a pair of tech accelerators to aid blockchain startups in their early phases.
The bitcoin price kicked off this week on a depressive note, extending its current bearish bias to another low level. The BTC/USD index fell from 5502-fiat to 4886-fiat on Monday, recording more than 11 percent in losses. The price action bled through crucial support levels that had a history of reversing bearish trends. It confirmed […]
Deputy U.S. Attorney General Rod Rosenstein called for a multinational approach to regulating cryptocurrencies Sunday.
The post Bitcoin News Summary – November 19, 2018 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. Markets moved sharply to the downside to a new low for 2018. The $212 billion market cap moved down to $183 billion with Bitcoin falling almost $1,000. Ethereum lost […]
Crypto exchange Binance has been moving bitcoin funds to cold storage the past couple of days, and, of course, such large transfers don’t go unnoticed. Two transactions destined for Binance’s cold wallet come to the fore and demonstrate both the power and irony of the blockchain. A transaction in block 550211 was a transfer of just […]
Everyone’s heard of Litecoin. Not to mention its charismatic creator Charlie Lee who sold all his LTC at the end of last year. A surprise move. Yet one that was meant to remove any conflict of interest between his active social media presence and the price of the coin he created. But did you know […]
The New York Department of Financial Services (NYDFS) has issued a BitLicense to NYDIG Execution LLC, a subsidiary of New York Digital Investment Group (NYDIG LLC). In a statement published this week, the regulator revealed that the crypto custodian had been granted a virtual currency license and a money transmission license. In addition, another NYDIG subsidiary, NYDIG […]