An Uncanny Correlation: Overstock’s Stock and the Bitcoin Price

Aug 20, 2020 at 23:00 UTC(Alexander Mak/Shutterstock)Cryptocurrency exchange Mexo, developed with Latin American users in mind, launched on Thursday, backed by global venture capital firm and blockchain incubator Krypital Group.  According to a statement from the firm, Mexo will offer a range of services to its Latin American users including spot trading, contract trading, P2P…

Futureverse, a startup formed out of 11 different firms, has raised $54 million in Series A round led by 10T Holdings and including contribution from Ripple Labs, Bloomberg reported on Tuesday.The company's aim is to combine AI and blockchain to build the infrastructure for users' experience of the metaverse. It formed out of the merger…

Even as Jamie Dimon's JPMorgan Chase has taken a prominent role among traditional financial firms in using blockchain, the CEO still says he loathes crypto.Sen. Elizabeth Warren built on the remarks from Dimon – usually an adversary – to call for more controls on industry transactions.JPMorgan Chase CEO Jamie Dimon has never been shy about

Oct 19, 2020 at 16:00 UTCBitcoin News Roundup for Oct. 19, 2020With BTC transaction activity slowing and Filecoin miners striking, CoinDesk’s Markets Daily is back for your latest crypto news roundup!For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.This episode is sponsored by Crypto.com, Nexo.io and Elliptic.Today's stories:Bitcoin’s transaction activity has…

Los brasileños adquirieron $496 millones en criptomonedas en agosto y ya han comprado $4.270 millones en lo que va de 2021, reveló el viernes el Banco Central de Brasil (BCB).Según la autoridad monetaria brasileña, en mayo se dio el pico de adquisición de criptomonedas, con $756 millones en compras. Desde entonces la cifra bajó a…

Sep 13, 2020 at 18:07 UTC(Nicholas Cappello/Unsplash)Crypto Long & Short: How Bitcoin Correlations Drive the NarrativeEvery week there’s usually at least one article in CoinDesk, a blurb in a newsletter and several charts in the Twittersphere about bitcoin’s correlation with something or other. This week, we were told that the 60-day correlation between gold and bitcoin…

news Ember Fund, makers of an AI-managed cryptocurrency portfolio app, is seeking to raise up to $1 million through a Securities and Exchange Commission-registered securities sale. The year-old company revealed their intention in today’s filing with the SEC, detailing their sale of “Crowd SAFE” securities that will occur through the end of January 2020 on…

The market-neutral bitcoin "basis" trade offers an annualized double-digit return as futures premium rise above 10%.The strategy could become more attractive with the launch of spot ETFs next year, one analyst said.Bitcoin (BTC), the leading cryptocurrency by market value, has surged past $41,000 for the first time since April 2022.While the rally is undoubtedly good

Oct 7, 2020 at 15:05 UTCUpdated Oct 7, 2020 at 15:18 UTCBitcoin has multiple long-term and short-term variables that affect its price, and many folks debate what its major correlations are, if any. It turns out, the same factors that affect bitcoin’s price – real rates of inflation, monetary and fiscal policy and market exuberance…