Cryptocurrencies |

Crypto Shadow Banking Explained and Why 12% Yields Are Common

LAGOS (Capital Markets in Africa) — A swathe of shadow banks in the $1.6 trillion cryptocurrency market have figured out how to generate returns of 12% with minimal risk: Lend U.S. dollars to hedge funds so they can buy Bitcoin. Some of the largest non-bank firms in cryptocurrency including BitGo, BlockFi, Galaxy Digital and Genesis are stepping up to meet investor demand for dollars amid a long-standing weariness by banks to lend to individuals or companies associated with Bitcoin and other digital assets….

Most bitcoin investors are inexperienced and volatility-shy.

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LAGOS (Capital Markets in Africa) — More than one-third of crypto investors surveyed said they bought to capitalize on ‘digital trends’ Most bitcoin investors don’t have a tax-free savings account or pension, and are far more unwilling to lose money on their investment than the volatility in crypto assets would suggest they should be, according to new research. Last week, MarketWatch reported on exclusive data from a crypto app showing that young men are wildly…

DEMYSTIFYING BLOCKCHAIN ONE BLOCK AT A TIME

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LAGOS (Capital Markets in Africa) – In the early days of the internet, evangelists were trying to get people to believe in its vast potential, and there were many who said that they did not believe in this new technology. They did not believe that information will be held on a server, but instead insisted that it would continue to be held on a CD-ROM or a floppy disk. How wrong they were! We think…

Hottest Crypto Coin’s Massive Rally Echoes Bitcoin’s Glory Days

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LAGOS (Capital Markets in Africa) – The cryptocurrency boom appears to be alive and well for Binance, the world’s largest digital-asset exchange by trading volume. One of the hottest coins right now is the Malta-based exchange’s eponymous token, Binance Coin, which has more than tripled in value in the last three months to around $15. The surge comes as the broader digital-asset market is little changed in the wake of last year’s collapse that saw the prices…

Going Private, Bitcoin ETF , Price Fixing Allegations

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LAGOS (Capital Markets in Africa) – Senate Banking Committee Chairman Mike Crapo released a plan for housing-finance legislation that would end U.S. control of Fannie Mae and Freddie Mac, the latest sign that Congress will try again to complete the last outstanding business of the 2008 credit crisis. Under the plan outlined in a statement Friday, Fannie and Freddie would survive as private mortgage guarantors, while facing new competitors and strict limits on capital and business lines….

Having Lost $15,000, Bitcoin Has $2,000 More to Go; Here’s Why

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LONDON (Capital Markets in Africa) — The Bitcoin price has fallen by about $15,000 since its Dec. 18, 2017 peak, hovering around $3,400, and key indicators give us reason to believe it has another $2,000 or so to slide. There’s little to stop it from revisiting the $1,000 range, about where the 2017 frenzy began. Highly correlated to Bitcoin (BTC), estimated dollar-transaction value has declined to levels last when the cryptocurrency’s price was about $2,400….

Bitcoin Pushes Past $4,000 as Technical Gauge Turns Positive

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LAGOS (Capital Markets in Africa) – Bitcoin climbed above $4,000 for the first time this year, helping to push the volatile cryptocurrency into positive territory after a brutal 2017 that saw investor post losses of more than 70 percent. The biggest digital currency gained as much 6.4 percent to $4,077 in New York. Other tokens were One technical measure that traders follow indicates more gains may be in store. The Directional Movement Index crossed into positive territory for…

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