What are the 3 assets most correlated with Bitcoin?

Bitcoin price is closely linked to several financial assets, but there are different reasons for its correlation with certain precious metals and stocks.

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Bitcoin (BTC) And Ethereum (ETH) Fall 4% Amid Silvergate Fallout

Crypto assets such as Bitcoin and Ethereum have always been known to be impacted by the news, and the latest news today that resulted in a plummet in the market is the Silvergate fallout. This news has caused a sharp decline in two of the largest crypto assets in the market.

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Coinbase to become first public company to hold Ethereum, DeFi assets AND Bitcoin

Coinbase is in the news today after it announced that it will be putting $500 million into a diverse basket of cryptocurrency assets. This basket will include top digital assets such as Bitcoin and EtThe post Coinbase to become first public company to hold Ethereum, DeFi assets AND Bitcoin appeared first on AMBCrypto.

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$5.3 Billion Trust Fund to Allocate 10% of Assets in Bitcoin

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Market Outlook: BTC Trend Targets $15K, Bitcoin Bull Raoul Pal ‘Irresponsibly Long’

Cryptocurrency markets have been fluctuating quite a bit lately, as bitcoin and a number of crypto assets have been testing new resistance levels. The market valuation of the entire crypto-economy is hovering around $360 billion as a decent portion of the top twenty digital assets have gained 1-15% in the last 24 hours.

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Bitcoin is the iPhone, Cryptocurrencies are Mobile Phones and Crypto Assets are Electronic Devices

When delving into the subject of crypto assets, it is important to first understand what exactly these assets are. In order to do so, we can use a simple analogy wherein Bitcoin can be thought of as the iPhone (the premier asset class in its category).

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IBM World Wire Launches Programmable Money

It’s been 10 years since anonymous Satoshi Nakamoto started a decentralized revolution with the Bitcoin (BTC) whitepaper, and over that time the peer-to-peer, open-source network has climbed to $112 billion in market capitalization.

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SEC Commissioner: Bitcoin ETF Applicants Should Focus on Liquidity, Custody, Market Surveillance

Even amid bearish market conditions, the regulatory status of crypto assets remains a hot-button topic, as global governments attempt to discern how to best approach this emerging market. Leading the charge for fair regulation is arguably the U.

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Fidelity's Cryptocurrency and Blockchain Technology SVP Joins BLOQ as COO

Blockchain startup Bloq has announced the appointment of former Fidelity Investments executive Hadley Stern as its first chief operating officer — the latest in a string of hires poached from a legacy financial firm by blockchain startups.

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Spain Approves Bill Requiring Disclosure of Cryptocurrency Assets

The Spanish government has approved a draft anti-fraud law that, among other things, will require investors in cryptocurrencies such as bitcoin cash to declare all of the assets they hold at home and abroad, according to local media reports.

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Crypto Markets Looking Squirmy As Bitcoin Traders ponder On What’s Next for the Currency

Apparently, crypto markets have been squirmy since the last few days as global positions against this virtual asset were drawn lower in-line with smaller assets like Ripple, EOS and Ethereum. The reason for the down-sizing in value of Bitcoin is old tormentors at play again, Money laundering and Hacking, plaguing and dissuading traders of these […] The post Crypto Markets Looking Squirmy As Bitcoin Traders ponder On What’s Next for the Currency appeared first on ZyCrypto.

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Regulated crypto trading platform Bakkt will launch on December 12

Bakkt, a global regulated ecosystem for digital assets, which was announced in August by Intercontinental Exchange, will officially launch on December 12, pending regulatory approval. On October 22, ICE announced that Bakkt could begin offering physically settled bitcoin futures contracts in December, marking the first cryptocurrency-related offering provided through the new platform. Bakkt will hold […]

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Could Bakkt Bitcoin Futures Market Launch in December Lead to ETF Approval?

In an official statement, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), revealed that Bakkt will launch its Bitcoin futures market by December 2018. Bakkt, a global cryptocurrency platform developed by ICE to enable investors, merchants, and consumers to access, trade, and utilize digital assets in a faster, cost-effective, and […] The post Could Bakkt Bitcoin Futures Market Launch in December Lead to ETF Approval? appeared first on CryptoSlate.

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Bakkt’s Futures Platform Slated to Begin Trading in December

Almost a year to the day after the CBOE and CME launched their own bitcoin futures products, the Intercontinental Exchange’s Bakkt platform is heralding the launch of its own futures on December 12, though the platform is still pending approval from the Commodity Futures Trade Commission.

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Report: Cryptocurrencies Should Be Governed by Current EU Financial Laws

The Securities and Markets Stakeholder Group (SMSG) has released a new report suggesting that the European Securities and Markets Authority (ESMA) recommend to the European Commission that it regulate the cryptocurrency space with existing legislation rather than instilling new rules and laws.

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Will Bitcoin become a widely used Currency? Here are both sides of the argument:

As Bitcoin continues its roller coaster ride, experts and enthusiasts both have many questions about how blockchain and digital assets will be used in the future.  Currently there is a lot of confusion and misunderstandings about what Bitcoin is and what it does.

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Bakkt Bitcoin Futures Trading Platform Officially Launches December 12, 2018

The Intercontinental Exchange has been working fervently on their cryptocurrency platform Bakkt for the better part of the year. Bakkt has been awaiting their launch date, which has officially been announced as December 12th, and it is described by ICE as “an open and regulated, global ecosystem for digital assets.” With the launch, ICE has […]

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Russian Lawmakers Drop ‘Mining’ References in Digital Assets Bill

Russian lawmakers have dropped the term “mining” from a bill to regulate digital assets, following the earlier removal of references to “cryptocurrency. ” In addition, the proposed legislation no longer covers the taxation of mining profits, as such matters will fall under the oversight of the Federal Tax Service.

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European Securities and Markets Authority (ESMA) Discusses Crypto Asset Regulation with Current Laws

Under existing cryptocurrency rules in the European Union, EU, as transferable crypto assets used in payments (such as bitcoin) are increasingly considered as investments, it could consider such assets under the EU's MiFID II (Markets in Financial Instruments Directive II) regulations, which came into force in January.

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EU Securities Group recommends regulating cryptocurrencies under existing financial rules

The Securities and Markets Stakeholders Group (SMSG) that advises the European Securities and Markets Authority (ESMA) has recommended regulating most cryptocurrencies and ICO tokens under existing financial rules, but said more clarification is needed.

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The Daily: Global Cryptocurrency M&As Rise, US Town Halts Mining

In today’s edition of The Daily, we look at how the current bear market is facilitating consolidation in the global cryptocurrency industry. We also focus on recent calls by an intergovernmental organization to tighten up rules on virtual assets throughout the world, as well as a story about a small U.

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D3ledger launches safekeeping for crypto assets in distributed post-trade infrastructure

CryptoNinjas D3ledger. com, a provider of storage for bitcoin and cryptocurrency announced it has now started to provide safekeeping using its distributed digital depository platform. On Oct.

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Ripple Releases Its Schedule of Appearances at Money20/20 USA

The Money 20/20 USA will be a star-studded event as several representatives from the crypto company Ripple will be in attendance. The conference aims to improve blockchain and digital assets based global payments and how the two revolutionary technologies could be used to create value for consumers around the world.

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Markets Update: A Narrowing Range of Consolidation and Lower Trade Volumes

Not a lot has changed since our last markets update four days ago as cryptocurrency markets continue moving sideways in a consolidated pattern. The top five digital assets have seen modest northbound gains this week, with increases between 1-5% over the last seven days.

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Has Ethereum Bottomed Out? Report From Major Trading Firm Says So

According to Genesis Global Trading, a major cryptocurrency investment firm that targets institutional investors, short interest towards Ethereum (ETH) has declined substantially in the third quarter of 2018.

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Only 39 Percent Pass Malta’s Cryptocurrency Exam

The pass rate for the exam developed by the Maltese government for financial services practitioners seeking to obtain cryptocurrency agent certification is reportedly only 39 percent. The exam is part of the requirements mandated by the country’s newly established Virtual Financial Assets Act.

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Only 39 Percent Pass Malta’s Cryptocurrency Exam for Financial Services Practitioners

The pass rate for the exam developed by the Maltese government for financial services practitioners seeking to obtain cryptocurrency agent certification is reportedly only 39 percent. The exam is part of the requirements mandated by the country’s newly established Virtual Financial Assets Act.

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Ether Price Analysis: Historic Support Tested Amid Signs of Distribution

It’s been weeks since ether has seen a new high or a new low and the market has found itself range-bound. At the moment, we are seeing signs of distribution as large rounds of selling have remained present during key support tests:Figure 1: ETHUSD, 4 Hour Candles, Trading RangeSo far, for the last few weeks, ether has seen a trend of higher lows and low highs (the converging red trendlines).

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Report Shows That 85% of Cryptoassets’ Protocols Can Be Changed at Will

On 17 October 2018, crypto comparison resource CryptoCompare published the “Cryptoasset Taxonomy Report 2018” for the purpose of properly classifying the numerous cryptoassets that have emerged since Bitcoin.

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Fidelity’s New Subsidiary Could Positively Impact the Cryptocurrency Industry

One of the largest financial services worldwide just made a move that might create a huge impact on the cryptocurrency sector. Fidelity Investments, a Boston-based asset management firm that handles around $7.

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UK-Based G4s Enters the Cryptocurrency Storage Service Market

The UK-based security company, G4S, is entering the cryptocurrency sector. However, instead of launching an exchange or a mining facility, it is offering a digital currency storage service. The FTSE 250 company announced on Wednesday, Oct.

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Bitfinex Announces Margin Trading and Funding for ZRX

Cryptocurrency trading platform Bitfinex hadn’t added new assets to its margin trading and lending offerings for a long time. However, in a recent Twitter post, the exchange announced that it had enabled lending and margin trading for 0x (ZRX).

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Worst Crypto Assets of 2018 Plunge over 98% from Peak Prices

With altcoins sliding faster than Bitcoin, some projects proved to be the worst possible investments in 2018.

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Indian Media Bashed after False Reports of a Cryptocurrency Blanket Ban Circulated

A recent report in the local Indian media which stated that holding crypto assets might invoke punishment by the legal authorities in the country didn’t bode too well with the global crypto community.

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U.S. Marshals to Auction Off $4.3 Million in Bitcoin

The U. S. Marshals agency has announced plans to auction $4. 3 million worth of bitcoin (BTC) in November 2018. The sealed bid auction is for nearly 660 bitcoins which were seized in a series of federal criminal, administrative and civil cases over the years.

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Goldman Sachs and Novogratz Invest in BitGo’s $1 Trillion Crypto Wallet

Goldman Sachs and Bitcoin bull Mike Novogratz have teamed up to invest in BitGo Holdings Inc. , as the platform seeks to attract more institutions and wealthy customers who are sourcing secure ways to hold their assets.

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Traders Reevaluate Stellar Lumens [XLM], Cardano [ADA], ZCash[ZEC], and Basic Attention Token [BAT] After 0x Project [ZRX] Listing

The Coinbase effect kicked into effect last week after 0x Project, ZRX, became the sixth project to be listed to Coinbase Pro. Both the speculation and the listing resulted in ZRX appreciating from $0.

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Goldman Sachs and Galaxy Digital Ventures invest in crypto security company BitGo

CryptoNinjas BitGo, a security, compliance, and custodial solution for bitcoin and other blockchain assets today announced the second close of its Series B funding round. New investors Goldman Sachs’ Principal Strategic Investments group and Galaxy Digital Ventures LLC,.

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Order Speed Analysis Reveals the Fastest Cryptocurrency Exchanges

When you’re trading digital assets, speed matters — particularly so if you’re engaged in high-frequency trading, when every millisecond counts. Executing orders a fraction of a second ahead of the market can mean the difference between profit and loss.

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0x (ZRX) Falls 15% After Initial Coinbase Surge, Not All Investors are Convinced

When Bitcoin Cash, Ethereum, and Litecoin were listed on Coinbase, many investors saw this process as a sign for the widespread use and adoption of the aforementioned crypto assets. But, in stark contrast to Coinbase’s current listees, the recent addition of 0x (ZRX) onto the San Francisco-based platform have left many asking more questions about 0x.

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Security Giant G4S Offers Protected Offline Cryptocurrency Storage

G4S (LSE: GFS), a security services provider with operations in more than 90 countries, guards everything from cash transfers to nuclear power plants and prisons. The London-headquartered company has now started to offer cryptocurrency protection, according to a recent report.

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Fidelity Is Bringing Cryptocurrency Trading to Institutional Investors

Fidelity Investments, a multinational financial services corporation that manages $7. 2 trillion in assets announced the launch of Fidelity Digital Asset Services, a cryptocurrency custody and trading platform for institutional investors.

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Majority of Crypto Assets Are Highly Centralized, Research Finds

One of the central pillars of Bitcoin and cryptocurrency in general is that the system is decentralized, ensuring no single point of failure for adversaries to attack. However, new research has found the majority of assets in the ecosystem today to be highly centralized.

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Class Action Suits Launched Against Cryptocurrency Mining Investment Company

The law offices of Pomerantz LLP in New York have filed a series of civil suits against MGT Capital Investment and its executive officers on behalf of several of the trading firm’s past or present customers.

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Bitcoin Scammer Arrested In Thailand

The $34 million Bitcoin scam has its prime suspect named Prinya Jaravijit who was arrested in Thailand after returning to the country. Jaravijit is allegedly part of a scam which saw a man from Finland, Aarini Otava Saarimaa scammed out of over 5,500 Bitcoins, this would be worth around $34 million in today’s market.

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[VIDEO] October 16th Latest Bitcoin and Cryptocurrency News For Today

IBM Blockchain Expansion Plans Are Here and They Are Super Bullish on DLT IBM Blockchain Expansion Plans Are Here and They Are Super Bullish on DLT Greenwich Associates Crypto Research Reveals Companies' Difficulties in Scaling Blockchain Use Greenwich Associates Crypto Research Reveals Companies' Difficulties in Scaling Blockchain Use Why Are Digital Currencies and Crypto Assets […]

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With New Exchange Listings and Demand, New Stablecoins See Pegs Broken

Fresh on the market, the industry’s newest batch of stablecoins is having trouble striking a price balance. Amidst news of listings on Huobi and OKEx, two of the industry’s largest exchanges, TrueUSD (TUSD), Gemini USD (GUSD), the Paxos Standard (PAX) and Circle’s USD Coin (USDC) have all risen well above their pegs.

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Bitcoin Price Analysis: Bitcoin Consolidation Forecasts $3,500 Move

A strong round of buys hit the market this weekend as unsubstantiated rumors began to circle surrounding Tether and Bitfinex’s potential insolvency. I won’t be going into the details surrounding the allegations because, like I said, they are nothing more than unsubstantiated rumors.

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Crypto Hedge Fund Launches Retail Public Offering in Japan

Epoch Partners launched the retail public offering for a new hedge fund in Japan this week that will focus on cryptocurrencies and digital assets. Subscriptions for the offering, which opened on Oct.

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