UBS: Bitcoin Is Too “Unstable and Limited” to Function as Money

Bitcoin defies the odds with a 22% surge from the month's low, challenging September's bearish reputation. All eyes are on the $65,200 mark as bitcoin approaches a pivotal point in its trading channel. A 10% price increment analysis reveals bitcoin's potential for unexpected, significant moves. Bitcoin (BTC) has shown remarkable resilience this September, a typically

The WisdomTree Connect platform will be accessible to businesses and institutions, and will allow retail-facing applications to connect. The platform will start by using the Ethereum blockchain for tokenization, and investors can purchase fund tokens with dollars or the USDC stablecoin. 05:08 How Decentralization Cultivates Community 05:40 How Decentralized Threads Build Web3 05:06 Opening the

May 29, 2020 at 08:00 UTCIt’s Tough Getting Approved in Gibraltar, Says Green-Lighted Crypto Derivatives ExchangeReceiving regulator approval to operate in Gibraltar is anything but easy, crypto derivatives exchange ZUBR told CoinDesk. ZUBR, which began trading in March, said Wednesday it had received in-principle approval from the Gibraltar Financial Services Commission (GFSC) as a Distributed…

May 12, 2020 at 16:06 UTCUpdated May 12, 2020 at 16:15 UTCCipherTrace Chief Financial Analyst John Jefferies (Credit: CipherTrace)CipherTrace, a blockchain analytics partner of governments and cryptocurrency exchanges, is pitching itself to a fresh clientele: central banks.The crypto investigations firm announced Tuesday it is establishing a central bank digital currency (CBDC) initiative. As described by…

news B2C2, a cryptocurrency liquidity provider based in London, has hired Rob Catalanello, a 25-year veteran of Wall Street, to lead its expansion into the U.S. Catalanello has held senior positions at the New York office of French bank Credit Agricole, where he was the head of fixed-income sales, and at Merrill Lynch (now part…

Crypto markets could face macro and technical headwinds in the near term, Coinbase says.Liquidity could be impacted by quarter-end rebalancing.The world’s largest cryptocurrency is expected to trade in a narrow range until next month’s halving event.Despite bitcoin (BTC) hitting a new all-time high, cryptocurrency markets are faced with some macro headwinds and negative technical factors

Crypto funds had their best run of inflows since the 2021 crypto bull market as investors keep piling into the market, digital asset management firm CoinShares said in a report on Monday.Investment vehicles holding cryptocurrencies saw $261 million of net inflows last week, recording six consecutive weeks of positive influx totaling $767 million inflows, according

Jan 11, 2021 at 12:01 p.m. UTCScaling Solution Hermez Network Adds Tether Token to Tackle High Ethereum FeesHermez Network, a decentralized project focused on scaling the Ethereum network, announced it is integrating the tether (USDT) token in a bid to make transactions more affordable.USDT – a U.S. dollar-based stablecoin – will be used to provide…

Trading with XRP ballooned in the past 24 hours, propelled by an euphoric price rally, and major crypto exchanges that embraced trading of the token, after a partially favorable court decision on Thursday.The trading volume of XRP pairs on centralized exchanges grew by a staggering 1351% on Thursday compared to the previous day, Josh de…