US, EU, Or Asia? Here’s Which Of These Has Dominated Bitcoin Sell-Side Recently

Blockchains have attracted significant interest in the financial sector, a rare occurrence for a new technology in an industry not known for being at the forefront of technological innovation. However, dig a little deeper into where the interest is coming from, and you’ll see a host of sell-side financial institutions and back-office groups working on prototypes. Most of the R3 consortium members, for example, are sell-side banks. Notably absent is the buy-side, made up of pension funds, mutual funds, hedge funds, private equity and other money management firms. The buy-side has different....

Blockchain Embassy Asia (BCE.Asia), a Malaysia-based non-profit, digitally-distributed organization that promotes blockchain governance as a method for collaboration among business entities in Asia, recently established a steering committee in its mission of educating organizations in Asia about the legal and technical implications of distributed ledgers. The organization recently fulfilled its self-imposed requirement of having nine “ambassadors” with different specialties for its Malaysian Steering Committee. They are: RHB, trustee ambassador; MahWengKwai & Associates, legal....

Bitcoin holds great promise in regions where banking and payment systems are not as developed, including Southeast Asia. A look at global venture capital flows into Bitcoin startupsindicates that the majority of investments are being made into basic infrastructural projects like Bitcoin exchanges, which have received US$106 million in total global funding so far. I recently did research for a venture capital firm seeking to invest in Bitcoin startups in Southeast Asia (excluding Singapore), with a focus on exchanges given the stage of the industry in this region. Here’s what I found out.....

Bitcoin’s price action as of late has greatly favored buyers, with the cryptocurrency being caught within the throes of an intense bout of sideways trading just below $19,000 as buyers try to garner enough buy-side pressure to break through this level. The selling pressure here has been intense, but it has yet to catalyze any […]

Bitcoin recently gave a bearish signal, which ultimately failed to produce a meaningful pullback. Due to the technical failure, historical data suggests that in only a matter of a month BTCUSD could set a new all-time high and reach a target of $85K per coin. Here’s why. Why Failed Bearish Technicals Produce Bullish Breakouts In technical analysis, certain patterns are considered characteristically bearish or bullish. For example, the ascending triangle is a typically bullish-leaning pattern, but only breaks upward 63% of the time. The other 37%, the pattern breaks down bearish. Because of....