Xolaris has launched a European private-equity fund focused on Bitcoin mining. The timing of the launch comes as a surprise to many experts, mainly because of Bitcoin’s market price went down. Nevertheless, the German investment firm Xolaris intends to raise between 34 and $57 million for the project’s 4-year period…
During the last year, Bitcoin (BTC) has been in a bear market that affected the whole market. Several virtual currencies have lost more than 95% of their value while others were not able to keep operating. However, Bitcoin has also been affected. Since its all-time high in December 2017, it lost more than 80% of its price.
Trading platforms that allow mixed trading between digital currencies and traditional financial markets have experienced exponential growth in 2018. This is the case with the Switzerland-based trading platform WCX.
Gazprom Bank, the Russian bank’s Swiss division, seems to be working with two companies to implement crypto services to allow customers to deal with virtual currencies. The firms are Avaloq and Metaco and will be implementing a service allowing customers to handle cryptocurrencies without having to manage wallets or passwords.
Yes, the bear market has affected the whole ecosystem. But there are also good things to talk about rather than only about price. Bitcoin (BTC) adoption continues to expand even during bear markets such as the one that we are currently experiencing. Users can now purchase their food using Bitcoin in more than 1,500 restaurants in Denmark.
Jake Chervinsky spoke recently about Institutional Investors. He stated that while retail traders and small individual investors are selling due to the market conditions, Institutional Investors are taking this opportunity to accumulate.