Day: February 5, 2020

Bitcoin is Going to Dump Hard, Prominent Analyst Warns

boss

Bitcoin is down by more than 2.5 percent this week and one analyst believes it is due to face additional losses. Prominent crypto trader Mac warned that the cryptocurrency could dump hard in the remainder of this week, stating that bitcoin futures linked to CME left a huge gap in the $8,500 range. The cryptocurrency’s spot rate typically revisits the unfilled gaps, which prompted Mac to predict a crash towards the $8,500 level. “Bitcoin is gonna dump hard this week and over $100M in longs will get wiped,” he stated. The…

Sony Financial Ventures Joins Big Banks Investing in Securitize

boss

Digital securities company Securitize announced a strategic investment from Sony Financial Ventures, in a press release dated Feb. 4. The unspecified level of investment marks an extension of Securitize’s latest funding round, which saw Santander and MUFG lead a $14 million round of investment capital, as Cointelegraph reported in September 2019. Securitize is a compliance platform and protocol for token issuers that aims to modernize capital markets through the development of a digital securities ecosystem, facilitating easier owning, management and trade. These securities can represent a variety of asset classes,…

Sony VC Fund Joins ‘Over $14M’ Funding Round for Digital Asset Platform Securitize

boss

A venture capital fund under the management of Sony Financial Ventures (SFV) and Japan-based VC firm Global Brain has invested an undisclosed amount in security token issuance platform Securitize. Announcing the news in a press release Tuesday, San Francisco-based Securitize said the “strategic fundraise” came via corporate VC fund SFV GB L.P. as an extension of the firm’s ongoing Series A round. Securitize previously announced that the round had raised $14 million back in September 2019, when MUFG Innovation Partners, Santander InnoVentures and others invested. And, in November, Japanese financial…

Sony VC Fund Joins ‘Over $14M’ Funding Round for Digital Asset Platform Securitize

boss

A venture capital fund under the management of Sony Financial Ventures (SFV) and Japan-based VC firm Global Brain has invested an undisclosed amount in security token issuance platform Securitize. Announcing the news in a press release Tuesday, San Francisco-based Securitize said the “strategic fundraise” came via corporate VC fund SFV GB L.P. as an extension of the firm’s ongoing Series A round. Securitize previously announced that the round had raised $14 million back in September 2019, when MUFG Innovation Partners, Santander InnoVentures and others invested. And, in November, Japanese financial…

Aircraft Maintenance, Repair Industry Is Latest to Form Blockchain Alliance

boss

The aircraft maintenance, repair and overhaul (MRO) industry — which handles a dizzying 25 billion parts a year — is turning to blockchain to tackle its difficulties. Verdict magazine reported on Feb. 4 on the formation of a new, so-dubbed MRO Blockchain Alliance, which includes leading industry members, among them HAECO Group, Bolloré Logistics, Cathay Pacific, FLYdocs and SITA. Blockchain could bring up to $3.5 billion in cost savings The idea of forming a dedicated blockchain alliance for the MRO industry was reportedly first aired in 2019, at an event…

Galaxy’s Novogratz: XRP Will ‘Underperform Immensely Again This Year’

boss

XRP, the third-largest cryptocurrency by market cap, will have another lackluster year in 2020, Galaxy Digital CEO Mike Novogratz told a roomful of financial advisers. What’s more, he blamed Ripple – one of his firm’s largest investments – for what he sees as XRP’s underwhelming prospects. The fund manager, whose firm trades and invests in digital assets and startups, chatted onstage with personal finance superstar Ric Edelman at TD Ameritrade’s National LINC 2020 conference in Orlando, Florida last week. At the end of the discussion, Novogratz fielded questions from the…

Galaxy’s Novogratz: XRP Will ‘Underperform Immensely Again This Year’

boss

XRP, the third-largest cryptocurrency by market cap, will have another lackluster year in 2020, Galaxy Digital CEO Mike Novogratz told a roomful of financial advisers. What’s more, he blamed Ripple – one of his firm’s largest investments – for what he sees as XRP’s underwhelming prospects. The fund manager, whose firm trades and invests in digital assets and startups, chatted onstage with personal finance superstar Ric Edelman at TD Ameritrade’s National LINC 2020 conference in Orlando, Florida last week. At the end of the discussion, Novogratz fielded questions from the…

Bitcoin Is Diving But The Bulls Won’t Give Up Easily: Key Levels To Watch

boss

Bitcoin price started a downside correction from well above the $9,550 area against the US Dollar. BTC broke the key $9,220 support and it is now trading in a short term bearish zone. Bitcoin declined recently below the $9,300 and $9,200 levels against the US Dollar. The price traded close to the $9,050 level and it is currently correcting higher. There is a major bearish trend line forming with resistance near $9,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The bulls need to push the…

XRP Explodes 10% Higher on BitMEX News: Are More Gains Near?

boss

As Bitcoin has flatlined in the past 24 hours, XRP has exploded. Per data from CoinMarketCap, the third-largest digital asset by market capitalization is up 10% in the past 24 hours, rallying from $0.25 to just shy of $0.28 as of the time of writing this. The cryptocurrency just last hour briefly moved above the $0.28 price point, setting its highest price point in literal months. It seems that this strong rally in the price of XRP is tied to BitMEX’s launch of a financial vehicle tracking the cryptocurrency’s U.S.…

Ripple (XRP) Just Broke $0.27 and $0.30 Is Imminent, Here’s Why

boss

Ripple stared a strong rise from the $0.2460 support area against the US Dollar. XRP price rallied around 8% and it seems like it could soon climb towards $0.3000. Ripple price is up around 8% and it broke the $0.2700 resistance area against the US dollar. The price traded to a new 2020 high at $0.2760 and it is currently consolidating gains. There was a break above a couple of breakout zones at $0.2520 and $0.2650 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair…