$2 trillion asset manager Fidelity: Crypto assets will continue to gain institutional adoptionBTC $9793 (+2%) • ETH $242 (+0.3%) • XRP $0.20 (+0.9%)
Believe it or not, a majority of 2017’s rally that took Bitcoin from $500 to $20,000 in 18 months’ time was catalyzed by retails investors — people like you or me. At the time, cryptocurrencies were a fad that many mom and pop investors thought could make them rich. Maybe an altcoin could turn their $5,000 in savings to a down payment on a house, or a car. But as quick as the bubble inflated, it popped, when prices tanked by over 80 percent in 2018 as investors realized the projects they threw millions at had no intrinsic value. More news ⏬There’s a new Congressional candidate in New York, and he’s bullish on Bitcoin and cryptoBitcoin and cryptocurrencies have become a growing force in the economy, with some of the world’s biggest investors and innovators entering the space. Thanks to our premium sponsors⭐️ Phemex - Phemex is a Singapore-based and fastest cryptocurrency and derivatives exchange. It supports six trading pairs with up to x100 leverage. ⭐️ Bitamp - Bitamp is an open-source, client-side, free Bitcoin wallet that allows you to send and receive Bitcoin securely on the blockchain. ⭐️ Switchere- Switchere is a safe, licensed & non-custodial crypto exchange where you can sell & buy crypto with credit card instantly. ⭐️ Cred - Cred is a global financial services platform serving customers in 183 countries. ⭐️ OKCoin - OKCoin is one of the world’s first and largest regulated crypto exchanges, with millions of users in more than 100 countries around the world. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. Prominent gold bull on why Ethereum breaking $300 will catalyze a 66% surgeBitcoin’s price action over the past few weeks has undoubtedly been impressive. Cardano (ADA) Pioneers have nothing but praise for the Shelley friends and family testnetIn the fourth development update regarding the Shelley testnet, Cardano’s head of delivery Christopher Greenwood said that the team received overwhelmingly good reviews from users. ConsenSys-backed Starkware is powering 9,000 transactions/second on this Ethereum-based DEXDecentralized trading applications are closing the gap on their centralized counterparts. This crypto research firm’s new metric calculates “genuine” volume to tackle wash trading on Bitcoin and other digital assetsCryptocurrency markets are like none other — high leverage, massive volatility, and the introduction of products like options, swaps, and perpetual futures make the market ripe for traders looking to make quick profits. Real estate is risky and bonds are overvalued, boosting Bitcoin bull case: Blockstream CEODue to the implementation of increasingly easy monetary policy into the repertoires of the world’s central banks, an “everything bubble” has formed over the past decade. Crypto scams are alive and well; CipherTrace reveals $1.4 billion in crypto stolen in 2020Cryptocurrency scams were a hot topic in 2018, courtesy money-grabbing ICOs, Twitter impersonations, and ever outright disappearances. Featured eventThe worlds no.1 3D Virtual Blockchain Conference is back. After a successful launch event in April, BlockDown 2.0 brings a host of top speakers like Akon, David Schwartz from Ripple, Jed McCaleb from Stellar & more for its summer edition. With top tier content and a 3D world that is a ton of fun to navigate, BlockDown continues to innovate by providing live translation into the hottest crypto markets - Turkish, Spanish and Chinese for a truly global audience. What else?📉 Here’s why analysts say Bitcoin’s 14% drop on June 2 is actually healthy for the medium-term trend ⛏ This mining pool’s selling activity suggests Bitcoin is far from being bullish Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article. If you liked this post from CryptoSlate, why not share it? |