Fintech Unicorn SoFi notes in its end of year review that we just experienced the “longest bull market run in history.” The SoFi team states that 2020 has been quite a memorable year. During these unprecedented times, due to the COVID-19 outbreak, industries have been… Read More
Leading cryptocurrency exchange Binance reveals that if you had invested $1,000 on Jan 1, 2020, in both Amazon (NASDAQ:AMZN) stock and Bitcoin (BTC), you would have earned significantly more from your Amazon holdings, when compared to the price appreciation of the leading digital currency. However,… Read More
Jonah Schulman, head of marketing at Security Token Market, notes that the “main catalyst” for the substantial growth in the security token market, during June 2020, was the 96% surge in the Overstock (OSTKO) security token trading on tZERO. Schulman pointed out that at the… Read More
Bitcoin (BTC), the flagship cryptocurrency’s correlation with gold has weakened following the COVID-19 outbreak and resulting economic uncertainty. However, the digital asset’s correlation with the S&P 500 stock market index appears to be getting stronger, according to research report from crypto exchange Kraken. Kraken Intelligence,… Read More
Bitcoin Mercantile Exchange (BitMEX), one of the largest cryptocurrency derivatives exchanges in the world, says that they “no longer think that dated volatility-related bets are an effective way to protect portfolios because they are now too expensive.” THe BitMEX team stated: “We believe that inflation… Read More
The cryptocurrency market continues to recover from its mid-March 2020 lows and at the end of last month, Bitcoin (BTC) was up 22% for the year. As reported by Blockchain.com, a block explorer and crypto wallet service provider, Bitcoin has outperformed other major assets that… Read More
The San Francisco Open Exchange (SFOX), an organization that aims to help traders and funds invest in digital assets at “the best price,” notes that its multi-factor market index, which was neutral a month back, has now been updated to “mildly bearish” as of April… Read More
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