The nascent world of decentralized finance (DeFi) has until now been avoided by institutional investors because of its perceived lack of security. Due to the nature of a decentralized system, the provision of custody has been difficult since coins can’t be safeguarded in a traditionally centralized manner. Now, Cactus Custody, a new custodial solution powered by Matrixport, has become the…Read More
The Best Investments You Can Make in 2022
2021 has come to an end. One thing we have all come to experience from the crazy two years to pass is how quickly the economy was affected by the global pandemic. The only way it seems that money in people’s pockets can be held down, is by smart investments. Some who managed to do so within 2021, made some…Read More
Why is Bitcoin (BTC) Moving in Correlation with Traditional Stocks?
It’s not just the cryptocurrency market that’s crashing this month – traditional stock markets are doing just as badly. In fact, Bitcoin and its fellow cryptocurrencies are moving in closer correlation with traditional stocks than ever before. Over the past few weeks, Bitcoin’s 40-day correlation coefficient with the Nasdaq 100 has reached a factor of 0.66 – the closest correlation…Read More
Bitcoin (BTC) Headed for Death Cross in Longest Drop Since 2019
The cryptocurrency market did not start 2022 on a good note, losing almost a trillion dollars in value since late last year. Leading asset Bitcoin has been fortunate enough to endure only small losses, dropping by just 12% since the year began. Some other popular coins like Solana (SOL), Terra (LUNA), and Avalanche (AVAX), are down by as much as…Read More