Many people believe price is the most important factor for an asset. Cryptocurrencies however, are a unique asset class and the true value of Bitcoin is much more than just the current market price.
The CEO of the Crypto merchant bank Galaxy Digital, Mike Novogratz said that Bitcoin will without a doubt survive this Bear market and will even thrive in the long haul.
The U.S. President, Donald Trump, has recently announced on Twitter the appointment of a new White House Chief of Staff. The new person will be the Bitcoin (BTC) proponent Mick Mulvaney, who has supported Bitcoin on many different occasions in the past.
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…
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.