Bakkt – owned by Intercontinental Exchange (ICE) has netted a $740 million valuation after raising more than $182 million in a Series A funding round in 2018, according to The Block, the crypto news outlet. The company sold over ¼ of its shares to investors to hit the current valuation.
As investors continue to recover from the bearish market, the co-founder of Fundstrat Global Advisors Tom Lee remains optimistic and expects the next Bitcoin bull run to begin in August or September this year – which is five to six months from today. Lee has been making cryptocurrency predictions and comments for years.
Russia’s Central Bank plans to put a yearly limit on so-called “unqualified investors” who are willing and able to buy cryptocurrency, as reported by RBC – a local business news outlet. The bank wants to impose new regulations on digital currency.
In these days 5G has become a hot topic in the global hi-tech industry. Mobile Internet has become an irresistible trend. We will be able to communicate with people and machines around the world anytime and anywhere. However, in the crypto assets world, the reality is that most people can only use PC-based wallet. You have to sit down to open the computer and operate step by step, while the cryptocurrency market may have undergone huge fluctuations, which seriously affect the user’s experience and benefit.
The entire crypto community is waiting for the approval of Bitcoin exchange-traded funds (ETFs). Since last year, more than 9 ETFs have been rejected by the United States (U.S) Securities and Exchange Commission (SEC).
In a survey that was officially commissioned by eToro – the global investment platform, indicates an encouraging and fruitful future for Bitcoin as massive Millennials have a preference of crypto to fiat financial markets. However, high barriers are stopping millennials from making bullish investments.
Regardless of the unswerving rejections of Exchange-Traded Fund (ETF) applications set forth up to the present time, optimism is still high amongst some cryptocurrency users, that the imminent ETF decision may eventually be the one that is approved. That was until Jay Clayton, the U.S. Securities and Exchange Commission (SEC) chairman reassured those hopes again when he presented in a speech at Coindesk’s Consensus Invest Conference in New York.
It is predicted that, by 2023, alternative assets such as crypto (Bitcoin, Ripple, Ethereum, Litecoin and others), precious metals and other collectables will amass 14,000 billion USD of the Italian market with a growth rate (GR) of 59% as compared to 2017, gathered and managed by 34,000 investment firms and managers worldwide (up 21% compared to last year) - according to the Prequin report.