Once a niche market for the privacy-conscious, decentralized exchanges (DEXes) have now become an integral part of the crypto market as the total trading volume reached $2.4 billion in 2019.
With some of the largest custodial exchanges such as Binance and OKEx launching their own decentralized counterparts, it’s a market segment worth keeping tabs on.
Unprecedented money printing by central banks is turning institutional investors to Bitcoin. The latest onboard is Paul Tudor Jones, founder of a hedge fund that manages over $40 billion in assets.
Hedge Fund Join BitcoinPaul Tudor Jones is a renowned investor that broke into the limelight by predicting the “Black Monday” stock market crash in 1987.
Bulls have firm control over Bitcoin’s price action. Indicators show BTC’s trend is expected to continue towards $10,500.
Bitcoin Is Breaking LooseBitcoin began surging over the last few hours to hit a high of $9,800 despite bearish market conditions. The upswing allowed it to demolish the massive supply wall that was at $9,600.
Ripple’s XRP has posted significant losses over the past year and the trend may continue as prominent analysts within the industry noticed the break of a critical support level.
XRP Continues Trending DownRipple has done everything in its power to limit the effects of the scheduled dilution of the XRP market over the past few years.
BTC price may have only increased by 8% in the last week, but open interest for CME Bitcoin Futures is up 38% over the same period. With several economic catalysts in place for Bitcoin, institutional investors could be opening fresh positions.
The Resurgence in Institutional DerivativesSince crashing on Mar. 13, the price of Bitcoin is up 140% from its bottom.
Square, the payments company founded by Twitter’s Jack Dorsey, published its SEC filing and shareholder letter earlier, disclosing its revenue for the first quarter of 2020. 57% of the Cash App’s revenue came from Bitcoin transactions.
Huge Bitcoin Revenue, But Profits Remain SlimAccording to the May 6 filing, Square’s total net revenue during the last quarter was $1.38 billion.
XRP is the native cryptocurrency of the XRP Ledger, a blockchain created by Ripple. Though XRP is aimed at financial institutions, general investors can also take advantage of low fees and fast transaction speeds. Here’s how.
Buying the XRP TokenFirst, to obtain XRP, it’s necessary to go through a cryptocurrency exchange.
TRON and BitTorrent CEO Justin Sun finds himself at the center of controversy, once again, after his company announced that it received a $2 million coronavirus stimulus loan from the U.S. government.
TRON Foundation Granted $2 Million in AidThe ongoing pandemic has wreaked havoc in the American financial markets. Small sized businesses, especially, are suffering from the economic shutdown meant to lessen the spread of COVID-19.
The sentiments of crypto market participants often precede price action. And as speculation mounts leading up to Bitcoin’s halving, the wisdom of the crowd can help determine where BTC is headed next.
The Wisdom of the CrowdThough retail masses can have a powerful effect on the price of any asset, the crypto market is a unique beast.
Large Bitcoin and Ether whales are doubling down by adding more coins to their holdings, even as crashes rock global financial markets.
Accumulating Bitcoin for the Next CycleAddresses holding more than 1,000 BTC saw an increase through the year, briefly collapsing mid-March when the price of Bitcoin fell by over 40% in a day.
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