Day: December 30, 2020

to Seize New Opportunities in Digital Asset Era

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In 2020, BitMax has strived to build its deep background and expertise in financial markets, make key breakthroughs and successfully set itself apart from its competitors.  BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, hosted “The Pursuit of Excellence, Breakthrough, and Win-Win” at Renaissance Beijing Wangfujing Hotel in celebration of the company’s two-year anniversary. The event brought together over 200 blockchain investors, traders, users, and enthusiasts from across the globe. Dr. Cao Jing, Founder and CEO of BitMax, delivered a speech at the opening ceremony, showcasing his great confidence in the future of BitMax and the fast-evolving digital asset ecosystem. 2020 has been a remarkable year for BitMax. The platform has successfully launched…

Statechains Scaling Solution Offers New Potential for Bitcoin Privacy

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London-based startup CommerceBlock has revealed that they are working on a new tool for boosting Bitcoin privacy. Their new Mercury Wallet tests the new technology and, if all goes well, will soon put it into practice. The privacy tool uses statechains, a layer currently being built on top of Bitcoin to help the digital currency scale above its limitations so that it can reach more users.  CommerceBlock’s code for the in-progress project is open-source, so anyone can give it a look, spot and report bugs, and even alter the code…

Bitcoin (BTC) Hits New ATH but Likely to ‘Peak-Out’ in Early 2021

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As Bitcoin hits a new all-time high above $28,500, analysts expect that it shall peak-out in early 2021 and thus retail players could get an opportunity to buy at lower levels ahead. Bitcoin (BTC) is showing no signs of rest at the moment and continues to hit new milestones every passing day as we are getting closer to 2021. The Bitcoin (BTC) price just moved past $28,500 levels hitting its new all-time high. With this move, BTC added nearly $2000 to its price in just 24-hours. The latest Bitcoin (BTC)…

European Stocks Respond to Oxford-AstraZeneca Vaccine Approval in UK

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According to current data, the AstraZeneca PLC stock (LON: AZN) recorded about a 1.3% gain soon after the approval was finalized on top of the previous 3.3% gain. The Oxford-AstraZeneca Covid-19 vaccine has finally been approved for use by the UK, and just as the reaction of the European stocks when the news of the near approval was made, the prices have proceeded to record a more positive gain a few hours after being announced. According to current data, AstraZeneca Plc (LON: AZN) stock recorded about a 1.3% gain soon…

Apple (AAPL) Stock Rallies to Hit New Record amid Strong Demand for iPhone 12 and Bullish 2021 Expectations

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As Wall Street predicts, the upcoming 2021 will be fruitful for Apple. Analysts expect the company’s revenue to increase to 15% in fiscal 2021 from 6% in 2020. Further, and profit growth is projected to double to 20%. Apple‘s excellent performance has brought Apple Inc (NASDAQ: AAPL) stock to a new intraday record on Tuesday as 2021 is coming. It rose as much as 1.5% to $138.79 before closing the day at $134.87 with a 1.33% decline. So far in December, Apple shares have gained 13%, which brings the giant…

Bitcoin Eyes $30K as UK Vaccine Approval Boosts Risk Appetite

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Bitcoin secured yet another record high level on Wednesday, helped by news of Anthony Scaramucci’s SkyBridge Capital investment’s investment into the cryptocurrency space. The benchmark cryptocurrency topped at $28,580 during the Asian morning session after reports revealed that the investment management firm had purchased $182 million worth of Bitcoin. The news soon followed a dramatic stablecoin inflow into the cryptocurrency exchanges, pointing to traders’ willingness to “buy-the-news.” Bitcoin price vs. Exchanges’ stablecoin inflow. Source: CryptoQuant Vaccine, Profit-Taking Nevertheless, the BTC/USD exchange rate sharply reversed its course owing to profit-taking sentiment…

Anthony Scaramucci’s Skybridge Capital Pumped About $182M in Bitcoin

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For asset managers including Skybridge Capital, an entry into the world of Bitcoin and cryptocurrencies will serve as a wake-up call for existing clients to have a positive disposition towards BTC as well as the new cryptos that will be supported. In the wake of the institutional embrace of Bitcoin (BTC) and digital assets, Anthony Scaramucci’s Investment Management Company Skybridge Capital has reportedly invested as much as $182 million in the first-ever cryptocurrency. According to a CoinDesk report, Skybridge Capital has filed an application to the Securities and Exchange Commission…

Valid Points: A Year in Review by Your Eth 2.0 Staking Experts

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In less than 48 hours, 2020 will be behind us.  It almost seems too big a task to recount all that has happened in this world, in this industry and in our own personal lives but our colleague Brad Keoun, editor of CryptoX’s daily cryptocurrency markets newsletter, First Mover, offers an excellent start to summarizing  2020. He writes: “This year saw the biggest drop-off in economic activity since the Great Depression, the biggest money-printing episode in the Federal Reserve’s 107-year history, an epochal shift toward remote working, negative prices for…

SEC lawsuit against Ripple set for virtual pretrial conference in February

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The United States District Court of the Southern District of New York has fixed Feb. 22, 2021 as the date for the pretrial of the lawsuit filed by the Securities and Exchange Commission against Ripple Labs and its principal actors. According to a court document filed on Tuesday, counsel representing all parties on the matter will hold a telephone pretrial conference. As part of preparations for the preliminary hearing, the parties in the case will submit a joint letter a week before the pretrial date addressing: “(1) a brief description…