Latest Fintech News

  • Bitcoin Demand Model Reveals a ‘Clear Growth Trend’ (Since 2011)
    by Christine Vasileva on November 11, 2019 at 6:00 pm

    The overall chart of Bitcoin demand has shown a clear growth trend, with demand in dollar terms increasing by 2.2 times each year.  BTC Demand May Become Self-Fulfilling Prophecy The big mystery for Bitcoin is whether the reward halving would cause a significant price rally. Skeptics see the possibility as rather distant. Attached a slightly different approach which might help understanding bitcoin demand dynamics. Demand is modeled, taking into account the ‘flow’. According to the Read More The post Bitcoin Demand Model Reveals a ‘Clear Growth Trend’ (Since 2011) appeared first on Bitcoinist.com.

  • Bakkt Bitcoin Custody Now Available to all Institutional Clients
    by Osato Avan-Nomayo on November 11, 2019 at 4:43 pm

    Bakkt joins the field of institutional-grade bitcoin custody service providers after obtaining approval from regulators in New York. Meanwhile, the Bitcoin futures product launched by the Intercontinental Exchange (ICE) subsidiary continues to set new records. Bakkt Warehouse Obtains NYDFS Green Light Bakkt COO Adam White announced the news via a blog post published on Monday (November 11, 2019). According to the announcement, the New York Department of Financial Services (NYDFS) has given Bakkt the go-ahead Read More The post Bakkt Bitcoin Custody Now Available to all Institutional Clients appeared first on Bitcoinist.com.

  • Canadian Stablecoin CUSD Officially Launched by BVCI
    by Christine Vasileva on November 11, 2019 at 2:13 pm

    A stablecoin pegged to the US dollar, but aimed at the Canadian market, has been officially launched by Blockchain Venture Capital, Inc. CUSD Combines US Dollar Backing with Canadian Demand CUSD is the newest fiat-based stablecoin backed by the greenback, and secured by a US-based banking institution. New coins are only issued corresponding to funds in a dedicated escrow account. At the official launch, 100 million CUSD was issued. The CUSD stablecoin is different from Read More The post Canadian Stablecoin CUSD Officially Launched by BVCI appeared first on Bitcoinist.com.

  • Blockchain Spending in China to Exceed $2 Billion by 2023
    by Anatol Antonovici on November 11, 2019 at 1:30 pm

    China’s blockchain spending is expected to see rapid growth in the next three years and exceed the $2 billion figure by the end of 2023, according to a report carried out by market intelligence firm IDC. IDC Data Confirms China’s Blockchain Plan The IDC report comes shortly after Chinese President Xi Jinping himself endorsed the distributed ledger technology (DLT). He hinted that China shouldn’t stay aloof from the blockchain revolution. IDC estimated that China’s spending Read More The post Blockchain Spending in China to Exceed $2 Billion by 2023 appeared first on Bitcoinist.com.

  • Do Bitcoin Miners Influence BTC Price Action?
    by Martin Young on November 11, 2019 at 1:00 pm

    Recent research has taken a closer look into bitcoin prices and miner flows to crypto exchanges. There have been clear spikes as expected when larger mining pools liquidate but the correlation is not as strong as many would expect. This would suggest there is more hodling going on this year. Do Bitcoin Mining Pools Impact Prices? Naturally, when a large quantity of any asset enters the markets, its prices are going to be affected. According Read More The post Do Bitcoin Miners Influence BTC Price Action? appeared first on Bitcoinist.com.

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