Bank of America Survey: ‘Long Bitcoin’ Is Most Crowded Trade, 75% of Fund Managers See BTC as Bubble

The most recent Bank of America Fund Manager Survey finds that the most crowded trade is “long bitcoin.” Nonetheless, 75% of fund managers say the cryptocurrency is in a bubble zone. Fund Managers Say Long Bitcoin Is Most Crowded Trade but Most See Bubble The Bank of America (BoA) Fund Manager Survey for May, published […]

China prohibits financial institutions from engaging in cryptocurrency business

China prohibits financial institutions and payment companies from providing services related to cryptocurrency transactions, and warns investors not to engage in speculative crypto transactions. National Internet Finance Association, China Banking Association, Payment and Clearing Association of China jointly issued an announcement on May 18, ordering financial institutions, including banks and online payments channels, must not […]

Here are key factors to consider before investing in cryptocurrency

Demand for cryptocurrencies is skyrocketing as several personalities have shown their interests in these assets. However, one should understand that as an investor there are several factors to consider before parking the hard-earned money into these. Here are some of them: Identifying the right cryptocurrency According to Kumar Gaurav- founder and CEO- Cashaa- crypto-friendly neobank, […]

Goldman Sachs Formally Establishes Cryptocurrency Trading Team

Investment bank Goldman Sachs has officially formed a cryptocurrency trading team, according to the firm’s internal memo. Goldman Sachs says it is working to broaden its market presence in the crypto space and is currently selectively onboarding new liquidity providers to help expand its crypto service. Goldman Sachs Now Has Dedicated Cryptocurrency Trading Team Goldman […]

10 Best Cryptocurrencies To Invest in for 2021

Cryptocurrency is digital money that isn’t managed by a central system like a government. Instead, it’s based on blockchain technology, with Bitcoin being the most popular one. As digital money continues to gain traction on Wall Street, more and more options become available. There are currently more than 5,000 cryptocurrencies on the market. While you […]

EOS Climbs 29% In a Green Day

EOS was trading at $12.2244 by 22:59 (02:59 GMT) on the Investing.com Index on Friday, up 29.45% on the day. It was the largest one-day percentage gain since May 6. The move upwards pushed EOS’s market cap up to $11.6110B, or 0.50% of the total cryptocurrency market cap. At its highest, EOS’s market cap was […]

Citi weighs launching cryptocurrency services after surge in client interest- FT

May 7 (Reuters) – Citigroup Inc is weighing the option of providing cryptocurreny-related services after a surge in interest from clients, the Financial Times reported on.ft.com/33musLT on Friday. The bank has not yet decided whether it will offer clients cryptocurrency-related services, but trading, custody and financing are all under consideration, the newspaper reported, citing Itay […]

Introducing The S&P Cryptocurrency Indices

Summary For us at S&P DJI, this is an exciting time because this new asset class is bringing unprecedented change to our financial ecosystem and the mindsets of market participants. But along with opportunities, this asset class comes with a host of new challenges. As an emerging space, one of the biggest issues is a […]

CBDC-related positions open up as Bank of England digital pound plans move forward

England’s central bank is marching on with its research into a central bank digital currency. While it has yet to announce that it will launch a CBDC, the bank has advertised new positions related to its CBDC research. They include a stakeholder analyst, project analyst, solution architect and a senior manager for CBDC technology. Under […]

!*** The best cryptocurrency exchanges for trading Bitcoin and other assets

Best crypto exchanges of May 2021 Exchange Fees Best for Coinbase 0.50% spread for buy/sell transactions; transaction fee from $0.99 to $2.99; up to 0.50% for Coinbase Pro Bitcoin-focused individuals and institutions Binance.US 0.1% spot trading fee; 0.5% instant buy/sell fee (4.5% fee for deposits with US debit card) Low fees Kraken 0% – 0.26% […]

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