Galaxy Digital stock pullback a buying opportunity — Analyst

El Salvador recently added Bitcoin as legal tender. In barely over a decade, an open-source, cypherpunk, radically new money system, with no publicly known creator and open to participation in both using and building from anyone in the world, has gone from zero value and branded as a tool for criminals to now being accepted…

Bitcoin (BTC) and most major altcoins witnessed a sharp sell-off on Aug. 19, but there does not seem to be a specific trigger for the sudden drop. The sharp fall resulted in liquidations of more than $551 million in the past 24 hours, according to data from Coinglass.Barring a V-shaped bottom, other formations generally take…

Traders tend to focus too much on timing the right entry to a trade, but very few focus on developing a strategy for exiting positions. If one sells too early, sizable gains are left on the table and if the position is held for too long, the markets quickly snatch back the profits. Therefore, it…

Blockchain technologies can bring improvements to finance, given a regulatory framework, and links between DeFi and TradFi are being rapidly cemented already, Cunliffe said. 641 Total views 52 Total shares Bank of England Deputy Governor Jon Cunliffe shared thoughts on cryptocurrency regulation and decentralized finance (DeFi) in a talk on Nov. 21. He intended to…

E-commerce giant Overstock has opened a blockchain Research and Development (R&D) center in Ireland.According to a press release published on Oct. 9, the firm’s new R&D center is located in “IDA’s flagship North West business park in Sligo” and is expected to make its 100th Irish hire before the end of 2019. Currently it employs…

Cryptocurrency-focused personal finance app Aximetria has gained a financial standards license recognized by Swiss regulators.In a press release provided to Cointelegraph July 29, Aximetria, which is based in the country, said the Swiss Financial Services Standards Association (VQF) license would allow it to function as a crypto intermediary and streamline its onboarding process.The VQF license…

Switzerland-headquartered food retail giant Nestlé says it has had to adopt a “start-up mindset” in order to push ahead with its challenging blockchain venture.Insights into the retailer’s blockchain development work were revealed by Nestlé Digital Technology Manager Armin Nehzat in a Sept. 5 interview with TechWire Asia.A long-term journey, not a short-term betLast month, Nestlé…

Kyrgyz President Sadyr Japarov promised to distribute money from crypto mining at the hydropower plant to “ordinary people.” 399 Total views 2 Total shares The Kyrgyz Republic, a central Asian state bordering China, is reportedly growing its cryptocurrency mining powers with support of the local government.Kyrgyz President Sadyr Japarov has given a nod to building…

The CEO of investment management corporation BlackRock, Larry Fink, does not see the company offering a cryptocurrency Exchange-Traded Fund (ETF) until the industry is “legitimate,” CNBC reported Nov. 1.BlackRock is a financial planning and investment management firm that currently has $6.28 trillion in assets under management, including equity, real estate, fixed income, and cash management.Speaking…