This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. Crypto is notoriously a “tough neighbourhood,” as even evergreen Bitcoin bull Tom Lee has put it. After a week in which double-digit losses wreaked havoc on many high-profile cryptos, and Bitcoin (BTC) momentarily fell through the $6,000 support, pitiless bearish sentiment has been circling, with some accusing the top coin of being “exhibit A” in a “permanently impaired or even game‐over” market. While Bitcoin may have posted 2018 lows, Ethereum (ETH) also plummeted to …

Enterprise-focused blockchain startup Axoni has raised $32 million in a funding round led by Goldman Sachs and other high-profile banks and venture capital investors, Forbes reports August 14. The $32 million Series B funding round was led by Goldman Sachs and Nyca Partners, with numerous other investors including Wells Fargo, JPMorgan, Citigroup, and Andreessen Horowitz. The fresh investment brings Axoni’s total financing to $55 million to date. Axoni’s co-founder, Greg Schvey, told Forbes that the round represented not just an injection of capital but a “deep strategic” alliance, given that many of the investors are themselves innovating the traditional financial …

Renaissance Macro Research’s head of technical research Jeff deGraaf concluded it may be “game over” for Bitcoin (BTC) in a new analysis, CNBC reports August 9. In a note to clients, deGraaf, who has received multiple accolades for his trading insights in the past twenty years, claimed Bitcoin’s price movements suggest the largest cryptocurrency is “permanently impaired.” CNBC quotes deGraaf as writing that Bitcoin’s “parabolic moves are notoriously dangerous for short-sellers,” adding that a top normally develops with the appearance of a “descending triangle over months, with reduced volatility and little [fanfare],” “Once the top is complete on the support …

Bitcoin (BTC) “isn't broken” if it’s holding at the current price and volatility levels, Fundstrat’s Tom Lee said to CNBC's "Fast Money" on August 6. In the interview, the Wall Street bull referred to the current indicators of Fundstrat’s recently launched Bitcoin Misery Index (BMI), which aims to inform investors of how “miserable” holders of the currency are based on its price and volatility. According to Lee, when the index is below 27, it shows that future returns are very good, while if it surpasses 68 percent, it is “time to sell Bitcoin.” Pointing at the index’s current number of …

Former Amazon Web Services (AWS) and Microsoft employee Tim Wagner has joined Coinbase as vice president (VP) of engineering, according to a blogpost August 6. Wagner will now lead Coinbase’s engineering team, which is “central to [Coinbase’s] mission of creating an open financial system for the world,” Coinbase writes in the post. Aiming to build the “most open, secure, and accessible financial system,” Wagner will also be responsible for expanding the team by hiring engineering talent in San Francisco, New York, and Chicago, according to his LinkedIn profile. Prior to Coinbase, Wagner served as general manager (GM) at AWS for …

A New York Stock Exchange (NYSE) trader told to Yahoo Finance in an interview Aug. 3, that at the moment Bitcoin (BTC) is “very iffy” following the launch of a new regulated BTC exchange Bakkt by the Intercontinental Exhange (ICE), the parent company of NYSE. Alan Valdes, a senior partner at international advisory firm Silverbear Capital and NYSE trader, raised concerns about BTC, when asked if the launch of Bakkt may be a sign that Wall Street is serious about crypto. Valdes said: “How do you protect your Bitcoin? These wallets seems very iffy at best. If someone hacks into …

Following a breakout year for cryptocurrencies, 2018 has been extremely challenging — to say the least. With Bitcoin and numerous altcoins hitting all time highs in December, a sobering market correction followed and the markets have only started to settle midway through this year. There have been many reasons for the cryptocurrency markets being battered by bearish sentiments across the board. However, having passed the midway mark of the year, there are increasingly encouraging signs that institutional investors are changing their tune once again — hinting that mainstream adoption is around the corner. Furthermore, Bitcoin has reached market cap levels …

Fundstrat Global Advisors, market strategy and research provider, announced the firm will start accepting Bitcoin (BTC) for content via Bitpay, according to a press release shared with Cointelegraph July 31. In what the company claims is a first for research firms, Fundstrat has added Bitcoin payments to its platform via payment operator BitPay, which processed more than $1 bln in Bitcoin payments in 2017. According to the press release, the new feature will allow institutional investors, as well as financial advisors, high net worth individuals and other entities to use Bitcoin to purchase access to Fundstrat’s reports on different financial …

Multinational investment bank Morgan Stanley has hired a self-described crypto trading expert and 12-year veteran of Credit Suisse as its new head of digital asset markets, eFinancialCareers reported July 31. The new appointment, Andrew Peel, spent his last three years at Credit Suisse as vice president of sales and trading innovation, in which role he acted as “trading subject matter expert for Bitcoin and cryptocurrencies” according to his LinkedIn profile. His page also includes an independent position as “advocate of crypto markets” as of June 2013. Nabbing a crypto enthusiast for its team aligns with Morgan Stanley’s evolving stance towards …

Major U.S. cryptocurrency wallet and exchange Coinbase announced in a July 31 blog post that ex-Pershing exec Jeff Horowitz will join the company as its Chief Compliance Officer. Horowitz previously worked as the managing director and global head of compliance at Pershing LLC — a BNY Mellon Company — as well as leading a variety of compliance and anti-money laundering (AML) programs at Citigroup, Goldman Sachs, and Salomon Brothers, and serving as a banking regulator with the Federal Deposit Insurance Corporation (FDIC). According to Coinbase COO and President Asiff Hirji, Coinbase hired Horowitz to guide them as the company “expand[s] …

Crypto markets are experiencing a mix of green and red today, July 22, with some of top 20 altcoins by market cap seeing a slight dip of around 1 percent over the past 24 hours, while Bitcoin (BTC) has reclaimed the $7,500 price point, according to Coinmarketcap. Following a week of solid upswing, none of the top 20 coins by market cap are up or down by more than about 1 percent, showing relatively static growth. Market visualization from Coin360 Bitcoin broke the $7,500 barrier today, up about 1 percent over a 24 hour period and trading at $7,516 at …

July 20: Bitcoin (BTC) has split off from other top cryptocurrencies and shows markedly more resilience in holding on to gains secured in the major upswing that kicked off earlier this week. Market visualization from Coin360 As Coin360 data shows, the top coin is an island of green, while most major alts are struggling to maintain positive momentum. Bitcoin (BTC) is trading around $7,398, up a fraction of a percent over the 24 hour period to press time. The leading cryptocurrency has been trading sideways as of early trading hours July 18, following an impressive uptick on July 16 that …