Bitcoin, Gold Strongly Correlated in 3-Week High to Spell Stock Market Disaster

Bitcoin and gold both hit three-week highs on Thursday after a period of highly correlated trading. It comes as the dollar crashes and warning signs flash on the stock market. The correlation strengthens bitcoin’s case as “digital gold” and proves that traders are beginning to treat cryptocurrency like a traditional asset. As the dollar crumbles and whispers of recession grow, bitcoin could spike alongside gold as a hedge against a future bear market in stocks. Bitcoin and Gold Strong Correlation As you can see in the chart below, both bitcoin…

Intercontinental Stock Exchange Seemingly to Expand Cryptocurrency Data Feed

Intercontinental Stock Exchange (ICE), the parent company of the New York Stock Exchange (NYSE) hinted it was adding a slew of new coins to its Cryptocurrency Data Feed in a tweet on March 14. Launched in January 2018, the Cryptocurrency Data Feed is a service offering real-time digital currency information, covering prices and order books. The platform was introduced following a partnership between ICE and Bitcoin (BTC) and blockchain technology company Blockstream. Per the recent announcement, ICE is extending the list of supported cryptocurrencies to thousands, also adding hundreds of…

Bitcoin Approaches $4,000 as the Stock Market Sees Gains

Friday, March 15 — most of the top 20 cryptocurrencies are reporting slight to noteworthy gains on the day by press time. Bitcoin (BTC) is approaching $4,000, according to CoinMarketCap data. Market visualization from Coin360 At press time, Bitcoin is up just under one percent on the day, trading at around $3,961, according to CoinMarketCap. Looking at its weekly chart, the current price is just about three quarters of a percent higher than $3,928, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap As Cointelegraph reported earlier…

Stock Exchange Operator Pilots Collateral Pledges Digitization on Blockchain

Major Spanish stock market operator Bolsas y Mercados Españoles (BME) has completed its first blockchain pilot for electronic certificates of collateral pledges, according to an official press release published on March 15. Implemented along with Renta 4 Banco, which is the only investment services firm listed on the BME, the new pilot intends to eliminate the use of physical certifications by digitizing all processes and providing network participants with real-time access to data. The pilot’s proof-of-concept (PoC) consisted of the release of collateral pledged by Renta 4 Banco to cover…

Pro-Bitcoin Square Headlines London Stock Exchange’s Blockchain ETF

Invesco, an American firm, and Elwood, a British digital asset investment company, announced the launch of a blockchain ETF on the London Stock Exchange today. The exchange-traded fund features 48 companies with ties to the blockchain industry, including some – like Square – that have dabbled directly in the bitcoin or crypto space. Invesco & Elwood Team up for UK Blockchain ETF The London Stock Exchange just listed a blockchain ETF, providing investors with broad exposure to companies that are active in the crypto space, including Square and Overstock. |…

Swiss Stock Exchange SIX to Reportedly List XRP Exchange-Traded Product

Switzerland’s largest stock exchange SIX will reportedly launch another crypto exchange-traded product (ETP) for XRP, crypto outlet The Block writes Monday, Mar. 11. Amun AG, a Swiss crypto startup that launched the world’s first listed crypto index product on SIX last November, has confirmed the information to The Block. According to the startup, the XRP ETP will soon be launched under the ticker AXRP. As of press time, SIX has not confirmed the information to Cointelegraph. Co-founder and CEO of Amun AG Hany Rashwan told another crypto media outlet, Coindesk,…

Investment Firm Invesco Launches Blockchain ETF on London Stock Exchange

United Kingdom-based investment management company Invesco is launching a blockchain exchange-traded fund (ETF) on the London Stock Exchange (LSEG) today, March 11, financial newspaper Financial Times reports on March 9. Per the article, the Invesco Elwood Global Blockchain ETF will initially be targeting 48 companies involved with blockchain technology. The firms were reportedly selected through a proprietary scoring system developed by crypto investment boutique Elwood Asset Management. The article cites Apple, chip manufacturer Intel, graphics processing units manufacturer Advanced Micro Devices, mining hardware manufacturer Taiwan Semiconductor Manufacturing and United States…

Malta Digital Exchange Relocates Operations to Malta Stock Exchange Premises

Malta Digital Exchange (MDX) is moving in with the Malta Stock Exchange (MSE) in contemplation of the launch of its digital exchange division, the Times of Malta reported on March 5. MDX is reportedly in the process of obtaining a securities license to promote a multilateral trading platform that will introduce a secondary market for digital assets trading. MDX founder and executive chairman Rick Klink said that the “move to the Maltese Stock Exchange means that we are now physically positioned to be at the heart of the next wave…

Bitcoin Approaches $3,900 as Crypto Markets Stabilize, Stock Market Slightly Down

Wednesday, Feb. 27 — most of the top 20 cryptocurrencies are reporting very slight gains and losses on the day by press time. Bitcoin (BTC) is approaching the $3,900 mark again, according to CoinMarketCap data. Market visualization from Coin360 At press time, Bitcoin is up less than half a percent on the day, trading at around $3,859, according to CoinMarketCap. Looking at its weekly chart, the current price is over three percent lower than $3,971, the price of BTC one week ago, and nearly 9 percent lower than $4,209, the mid-week…

London Stock Exchange Leads $20 Million Investment in Finance Tokenization Startup

The London Stock Stock Exchange Group (LSEG) has led a $20 million investment round in fintech startup Nivaura, Reuters reported on Feb. 27. The British blockchain startup is the developer of the world’s reportedly first crypto-denominated, blockchain-settled bond. According to Reuters, LSEG paid an undisclosed amount for a minority equity stake in Nivaura.  The startup provides blockchain solutions that automate the issuance, clearing and settlement of financial instruments, including bond issuance and tokenized securities. Alongside LSEG, Banco Santander’s venture capital arm, Santander InnoVentures, was reportedly among the investors in Nivaura.…