Crypto is an ‘untested asset category,’ says UBS CEO Ralph Hamers
The UBS chief said the bank continues to urge caution when it comes to crypto exposure for its clients. Go to Source Powered by WPeMatico
Volatility
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Analyst: ‘Bitcoin Correction Very Similar to 2013 — BTC May Remain Stuck at $30K for a While’
The analytics provider Ecoinometrics has published a tweetstorm that shows the current downward spiral from bitcoin’s all-time high is one of “the longest drawdowns bitcoin has had to deal with during a post-halving bull market.” Furthermore, the same day, analyst and economist, Julio Moreno, highlighted in a recent blog post that “in bitcoin, volatility is … Read more
$200M hedge fund pauses crypto arbitrage trading amid market downturn
The hedge fund co-founder says it is keeping its investment powder dry for when the crypto market resumes its parabolic advance. Go to Source Powered by WPeMatico
Bitcoin volatility still a concern for CEO of BNY Mellon subsidiary
Francesca Fornasari believes that Bitcoin may not be suitable for most institutional investors. Go to Source Powered by WPeMatico
How stablecoins stay stable, explained
Stablecoins use a variety of techniques to keep their value fixed, generally to a specific fiat currency like the U.S. dollar. Go to Source Powered by WPeMatico
Norwegian FSA sees urgent need for crypto investor protection
Norway’s Financial Supervisory Authority says it only supervises crypto companies for money laundering. Go to Source Powered by WPeMatico
Goldman Sachs Leverages Crypto Management Firm Galaxy Digital to Swap Bitcoin Futures
Galaxy Digital’s co-president Damien Vanderwilt announced today that his firm has partnered with Goldman Sachs to help provide bitcoin futures products. The partnership marks one of the first occasions where an American multinational investment bank has partnered with a crypto asset service provider. Galaxy Serves as Goldman’s Counterparty for Bitcoin Futures Trading Goldman Sachs is … Read more
Russian Bitcoin critic says he would have bought BTC for 100 rubles
One of the biggest Bitcoin critics, Russian official Anatoly Aksakov said he wanted to buy Bitcoin before the ban but the price was too high. Go to Source Powered by WPeMatico
Bitcoin price crash isn’t over, says JPMorgan strategist
JPMorgan analyst Nikolaos Panigirtzoglou said that a medium-term fair value for Bitcoin now stands between $24,000 and $36,000. Go to Source Powered by WPeMatico
Bitcoin ‘of great concern,’ Ireland’s central bank official warns
Cryptocurrency investors should be ready to lose all their holdings, according to Ireland’s central bank financial conduct director. Go to Source Powered by WPeMatico
