Institutionals to Buy Every Bitcoin (BTC) Drop – Cryptocurrencies

Institutionals to Buy Every Bitcoin (BTC) Drop - Cryptocurrencies

Long awaited, the massive arrival of institutional investors in the Bitcoin (BTC) market now seems to be taking shape. This is what suggests new investigation commissioned by insurance company Evertas. To reach this conclusion, a group of 50 institutional investors who collectively manage over $ 78 billion in assets in the United States and the … The overall market conditions in today’s session have been introduced to price corrections with the major coins like BTC, ETH, LINK, and XRP turning into Bitcoin growth is tricky Bitcoin starts the new working week with moderate optimism, adding about 1% and trades around $10,900. The altcoin market Sign in Meet Multis, a French startup that is building business bank accounts, except that it lets you store, send and receive cryptocurrencies. The startup just raised a $2.2 million seed round. Investors in today’s funding round include White Star Capital, Y Combinator, Coinbase Ventures, eFounders, Greenfield One and Digital Currency Group. “It’s very complicated to manage … Multis is a business bank account for cryptocurrencies

Meet Multis, a French startup that is building business bank account

Long awaited, the massive arrival of institutional investors in the Bitcoin (BTC) market now seems to be taking shape. This is what suggests new investigation commissioned by insurance company Evertas. To reach this conclusion, a group of 50 institutional investors who collectively manage over $ 78 billion in assets in the United States and the United Kingdom were interviewed. It appears that the majority of institutional investors plan to significantly increase their holdings in cryptocurrencies. The prospect of bitcoin’s downward movement does not seem to dampen their willingness to acquire more assets. Explanations.

To understand this displayed desire of institutions to invest more in Bitcoin and cryptocurrency, three main reasons emerge. The first of these is that investors are convinced that the regulation of the sector will improve and become clearer in the future. The second reason put forward is the search for better liquidity which, according to them, would be available in this market which is set to grow. Finally, institutional investors appreciate the ability of this market to offer them a wider range of investment vehicles. However, there are many reasons why this massive arrival of institutions could take longer.

This is what shared J. Gdanski, CEO and founder ofEvertas, about the investigation commissioned by its structure. ” Our research shows that institutional investors are excited to increase their exposure to cryptocurrencies in general, but it is clear that many issues regarding the infrastructure that supports these markets still concern them. It is clear that it is necessary resolve them if the investment potential of institutional investors in crypto assets is to be fully realized “. The most mentioned problems are in particular the lack of insurance for digital assets and the quality of procedural services in the sector.

The news of the price of bitcoin in this year 2020 will have been mainly driven by forecasting a bullish cycle that was to start after the halving. Although the current course of events is not as announced, institutional investors remain interested in bitcoin. You have to go to the platform Bakkt to see the manifestation of their will. Indeed, the volume of Bitcoin futures trading has reached there a new record with more than 200 million dollars in contracts traded. These figures show that institutional investors continue to accumulate BTC regardless of the value of the asset.

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Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.

As the regulatory framework around cryptocurrencies is a rapidly evolving field in many countries, the interest of institutional investors is only expected to grow. Their entry into this market would also be welcome for the adoption of cryptocurrencies as believed by the majority of participants in the Evertas survey. Many players are positioning themselves and want to enter the world of cryptocurrencies and Bitcoin. This is the case for institutions, but also for banks.

Source: personal-financial.com


Cryptocurrencies Price Analysis: Binance Coin, Iota, Chainlink, Neo - TCR

Cryptocurrencies Price Analysis: Binance Coin, Iota, Chainlink, Neo – TCR

  • The overall market conditions in today’s session have been introduced to price corrections with the major coins like BTC, ETH, LINK, and XRP turning into red.
  • The current market capitalization stands at $343,751,284,805 with the 24h volume traded at $113,144,583,441 at the time of writing.
  • BTC dominance has slightly decreased bringing the level to 57.60%.

Both Bitcoin and Ethereum are seeing a bearish trend in today’s session with an overall loss of -1.76% and -1.15% respectively. After reaching Monday’s high of $10950, BTC faced significant selling volume in tuesday’s market scenario with dropping below the mark of $10700. If the downfall continues to aggregate more, the major support level for BTC is around $10200. ETH, meanwhile, held on its major support of $350 and any further downtrend will be a bearish signal. The global sentiments still look not very promising as COVID-19 cases continue to rise globally and the death toll has reached one million.

With the bullish move projected in Tuesday’s market session, BNB is again targeting its major resistance level of $30.00. The crypto asset is moving with an overall gain of 3.83% bringing the current price level to $27.62. The market capitalization stands at $3,988,144,480 with a sharp increase in volume traded by $172,688,654. The BNB/BTC is also performing positive with an overall gain of 5.64% bringing the level to 0.00258037. The main area of concern can be the multi-resistance level of $30.00 which forces the levels to the downside whenever BNB attempts to cross.

Iota (IOTA) 

IOTA is looking confident to reclaim the crucial mark of $0.30 with a bullish move upfront in the market. The altcoin is having an overall gain of 4.98% bringing the levels close to the $0.28 mark. It’s afterwhile a while that the crypto asset has managed to reach to $0.28 levels after breaking below $0.30 at the start of this month. The IOTA/BTC pair is also on bullish momentum with a gain of 0.00002590 BTC. The market capitalization and volume traded stands at $773,002,482 and $10,916,357 respectively. However, the after road for IOTA, if it breaks above $0.30 mark, is doubtful as the altcoin has failed to sustain above the level for a longer duration multiple times in the past which may lead to profit booking momentum.

Chainlink (LINK) 

The positive momentum built by chainlink has finally halted by the bears or we can say that altcoin is now facing profit booking activity. Just after reclaiming the $11.00 mark, bears made a comeback in the market for LINK. Currently, the crypto asset is facing an overall loss of -3.86% with the current price of $10.30. The LINK/BTC and LINK/ETH pair have gone onto declining mode with a loss of -2.49% and -3.09% respectively. The price levels are supported by the level of $9.70 and any further decline below that will be a bearish signal.

Neo (NEO) 

With a downtrend momentum for the consecutive day for NEO, the price levels have reached the critical area of $20.00. The altcoin was unable to break above the price level of $22.00 and faced negative momentum thereafter. Currently, it is having an overall loss of -3.13% and NEO/BTC pair is facing a loss of -2.00% bringing the current level to $0.00187910. On the downside, the altcoin is having step by step support levels of $18 and $17 respectively. If it is able to regain the bullish momentum, it must cross the resistance level of $22.00 for further price growth in the market.  

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Source: www.thecoinrepublic.com

Author: By Vasu Singhal


Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Theta – American Wrap 28 September

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Theta – American Wrap 28 September

Bitcoin starts the new working week with moderate optimism, adding about 1% and trades around $10,900. The altcoin market replicates the moderately positive dynamics of Bitcoin. The benchmark cryptocurrency is approaching an important technical level, which will open the way for further growth. At the same time, the psychologically important level for the market is slightly higher – at $12K. In the recent past, the coin failed several times to overcome this level. Passing $12K may become a turning point for investor sentiment, launching a new round of growth.

Ethereum bulls have regained some ground in the short-term, getting back $5 billion in market capitalization. The digital asset traded as low as $310 on September 5, and it’s now trading at $364. 

THETA has been trading inside a robust uptrend for the past four months and hit a new all-time high at $0.76 on September 28. Its market capitalization has grown from $46 million on March 16, to a current high of $640 million.

Source: www.forexcrunch.com

Author: FX Street

Website


Multis is a business bank account for cryptocurrencies

Multis is a business bank account for cryptocurrencies

Meet Multis, a French startup that is building business bank accounts, except that it lets you store, send and receive cryptocurrencies. The startup just raised a $2.2 million seed round.

Investors in today’s funding round include White Star Capital, Y Combinator, Coinbase Ventures, eFounders, Greenfield One and Digital Currency Group.

“It’s very complicated to manage crypto as a company. As soon as you want to hold crypto or start paying employees and contractors, it’s a giant mess,” co-founder and CEO Thibaut Sahaghian told me.

If you’re familiar with startups working on business banking, such as Qonto, you already know what to expect from Multis. It’s a software-as-a-servie product designed for teams.

Image Credits: Multis

After creating a Multis account, you can add other team members and set permissions and limits. Behind the scene, Multis is a multisignature Ethereum wallet. The company doesn’t control the keys, which means Multis can’t access your funds.

“From a regulatory point of view, it’s been very useful because we don’t hold assets and we can’t review and block transactions,” Sahaghian said.

Thanks to the multisignature design, you can create an approval workflow so that each transaction needs to be approved by a certain number of people on the team.

Multis supports Ethereum-based ERC20 tokens, which means you can also use stablecoins, such as USDC and DAI. This way, you’re not exposed to cryptocurrency volatility when you choose to keep all your assets in USDC for instance. You can swap tokens from Multis directly.

Once you have assets in your Multis account, you can issue payments to employees, contractors, partners, suppliers, etc. You can save addresses and other relevant information to streamline payments in the future.

Centralizing all your crypto transactions on Multis can be useful when you need to file your taxes. You can export all your transactions and hand them over to your accountant.

And if you have too many assets on your hands, you can invest some assets and earn interests thanks to DeFi products. The company uses Compound for that feature.

Right now, Multis clients are mostly companies working on blockchain products, generating revenue in cryptocurrencies or paying people using stablecoins. But the company wants to simplify its product by adding EUR and USD accounts with cards and IBANs.

Multis could act as a bridge between fiat currencies and cryptocurrencies. Companies with offices in multiple countries could use it to save money on intercompany fees. The startup is still working on those new features, but it could lead to some interesting use cases.

Source: techtvblog.com


Multis is a business bank account for cryptocurrencies – TechCrunch

Multis is a business bank account for cryptocurrencies – TechCrunch

Meet Multis, a French startup that is building business bank accounts, except that it lets you store, send and receive cryptocurrencies. The startup just raised a $2.2 million seed round.

Investors in today’s funding round include White Star Capital, Y Combinator, Coinbase Ventures, eFounders, Greenfield One and Digital Currency Group.

“It’s very complicated to manage crypto as a company. As soon as you want to hold crypto or start paying employees and contractors, it’s a giant mess,” co-founder and CEO Thibaut Sahaghian told me.

If you’re familiar with startups working on business banking, such as Qonto, you already know what to expect from Multis. It’s a software-as-a-servie product designed for teams.

After creating a Multis account, you can add other team members and set permissions and limits. Behind the scene, Multis is a multisignature Ethereum wallet. The company doesn’t control the keys, which means Multis can’t access your funds.

“From a regulatory point of view, it’s been very useful because we don’t hold assets and we can’t review and block transactions,” Sahaghian said.

Thanks to the multisignature design, you can create an approval workflow so that each transaction needs to be approved by a certain number of people on the team.

Multis supports Ethereum-based ERC20 tokens, which means you can also use stablecoins, such as USDC and DAI. This way, you’re not exposed to cryptocurrency volatility when you choose to keep all your assets in USDC for instance. You can swap tokens from Multis directly.

Once you have assets in your Multis account, you can issue payments to employees, contractors, partners, suppliers, etc. You can save addresses and other relevant information to streamline payments in the future.

Centralizing all your crypto transactions on Multi can be useful when you need to file your taxes. You can export all your transactions and hand them over to your accountant.

And if you have too many assets on your hands, you can invest some assets and earn interests thanks to DeFi products. The company uses Compound for that feature.

Right now, Multis clients are mostly companies working on blockchain products, generating revenue in cryptocurrencies or paying people using stablecoins. But the company wants to simplify its product by adding EUR and USD accounts with cards and IBANs.

Blockchain jobs in United States and Canada

Multis could act as a bridge between fiat currencies and cryptocurrencies. Companies with offices in multiple countries could use it to save money on intercompany fees. The startup is still working on those new features, but it could lead to some interesting use cases.

Source: otcpm24.com

Author: News Bureau


Multis is a business bank account for cryptocurrencies

Multis is a business bank account for cryptocurrencies

Multis is a business bank account for cryptocurrencies

Meet Multis, a French startup that is building business bank accounts, except that it lets you store, send and receive cryptocurrencies. The startup just raised a $2.2 million seed round.

Investors in today’s funding round include White Star Capital, Y Combinator, Coinbase Ventures, eFounders, Greenfield One and Digital Currency Group.

“It’s very complicated to manage crypto as a company. As soon as you want to hold crypto or start paying employees and contractors, it’s a giant mess,” co-founder and CEO Thibaut Sahaghian told me.

Source: tecofertas.com


Institutionals to Buy Every Bitcoin (BTC) Drop - Cryptocurrencies


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