Bitcoin is still clamped in a narrow range and it seems that every day it has more chances to go down. Even the fact that a third of the institutional has already added bitcoin to their portfolios does not save, and it will appear on the German stock exchange a tool with the physical delivery of digital currency. Meanwhile, there are rumors that the former head of the American cryptocurrency exchange COINBASE liquidated options for a large amount, and almost half of PAX stablecoins are involved in fraudulent schemes.
Read about how things are in the cryptocurrency market, as well as about key events that have occurred in the cryptocurrency industry over the past day, in our daily digest.
Almost half of all PAX stablecoins involved in fraudulent schemes According to a Coin Metrics study, stablecoins are heavily used in illegal activities - not Tether.
The cryptanalytic company Coin Metric published the results of a recent study that found that stablecoins are popular among criminals. So, PAX coins were actively involved in the pyramid schemes.
More details Bitcoin exchange rate: the languid expectation of a breakthrough
Yesterday, the Bitcoin exchange rate (BTC) made a bullish breakdown of the downward resistance line, which has remained on the chart since June 5. Due to the large number of long top wicks, the angle of inclination of this line is difficult to accurately determine, however, nevertheless, the military-technical cooperation with all certainty broke this line and then turned it into a support. This breakthrough occurred against the backdrop of trading volumes exceeding average values
The new exchange-traded instrument BTCE will become the “digital gold"
The new BTCE exchange instrument will appear on the Xetra trading platform at the end of the month. The ETC group, the issuer of BTCE, has already received all relevant permissions from the German regulator BaFin, the company said in an official press release. “BTCE provides the transparency and investor protection needed by regulators and institutional investors for the bitcoin world. The crypto protection sector was restrained due to concerns about complexity, accessibility and management. With BTCE, we bring Bitcoin to the world of regulated financial markets.
One-third of major institutional investors have already invested in bitcoin
Judging by the results of a survey conducted by one of the largest asset management companies - Fidelity, the vast majority of investors are interested in digital assets. A survey involving nearly 800 investors from the US and Europe showed that approximately 80% of the institutional group found the new asset class attractive. Moreover, more than a third have already directly or indirectly invested in this market.
