Market focus

Investors unnerved by the financial strains of a Chinese real estate firm sent cryptocurrencies reeling on Monday, with Bitcoin and other coins tumbling by more than 10%. Although the ultra-scarce cryptocurrency is claimed to be a hedge against catastrophic economic events, there is no telling how the volatile asset could react when it does finally…

Almost everyone at his point knows what “decentralized finance” is. However, generally speaking, the DeFi sector has not yet reached the mass adoption stage. In terms of attitude to it, the situation with DeFi now resembles the situation with cryptocurrencies at the very beginning of 2017. It’s important to note the high rankings of such…

Breaking crypto news from the last week (11 – 17 Sept. 2021): 11 Sept.: After a tremendous August surge of $4 billion in sales volume on the leading NFT marketplace OpenSea, recent data indicate a metaphoric return from heaven to earth. Over the last week, the sales volume has dropped by almost 50%. 12 Sept.:…

The study of Fidelity has shown an increased appetite of institutional investors for Bitcoin and crypto, while a lack of understanding still is a barrier for wider adoption. The 2021 Institutional Investor Digital Assets Study published by Fidelity Digital Assets tracked institutional investor’s behavior amid the uneasy situation on traditional markets in the past year….

Almost everyone at his point knows what “decentralized finance” is. However, generally speaking, the DeFi sector has not yet reached the mass adoption stage. In terms of attitude to it, the situation with DeFi now resembles the situation with cryptocurrencies at the very beginning of 2017. Bitcoin rising to $ 50,000 per token and Ether…

Celebrity investor Kevin O’Leary expects a “trillion dollars” more to flow into Bitcoin in the next couple of years. He wants to more than double his cryptocurrency holdings from 3% of his portfolio to 7% by the end-2021. O’Leary also sees cryptocurrencies becoming an institutional asset class. The “Shark Tank” star Kevin O’Leary talked about…