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Bitcoin’s Rally has Already Outlasted 2017’s Epic Run
December 24, 2020 – Bitcoin has tripled in price this year and is holding its gains longer than its 2017 rally. “Bitcoin bulls say the money fueling this year’s rally is coming from more reliable sources than past rallies” according to The Wall Street Journal. Read the report here. |
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Here Comes the Open Lending Era
December 24 – This year, we finally saw some of the nearly decade-long blockchain hype fulfilled and the legitimate building blocks of a next-generation banking system emerge. “Open finance, and specifically open lending, has exploded to well over $10 billion this year” says Alex McDougall of Bicameral Ventures. Read the report here. |
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Coin Metrics’ State of the Network
December 22 – Although Bitcoin has historically been disconnected from traditional markets, in 2020, we started to see signs that bitcoin was becoming more intertwined with the external world. Read the report here. |
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Bitcoin on Longest Winning Run Since 2019
December 28 – Bitcoin is on track for its longest monthly winning streak since mid-2019 after hitting a record high above US$28,000.“My sense is we’re very close to a top” said Vijay Ayyar, head of business development with crypto exchange Luno in Singapore. “We should definitely see a pullback, but the magnitude is probably lesser.” Read the report here. |
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Coinbase to Suspend XRP Trading Following SEC Suit Against Ripple
December 28 – Following the U.S. Securities and Exchange Commission suit against Ripple Labs last week claiming it is really a security, Coinbase announced that will suspend trading of XRP. As mentioned on Twitter last week, 3iQ reminded our community that we have never invested in Ripple’s XRP. Read the report here. |
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A Look at the Distributions of Daily Percentage Returns of Bitcoin and Gold
December 23 – Although bitcoin as a speculative asset offers a higher probability of outsized returns than gold, much of that return comes from “tail” movements with less certainty of frequency and magnitude. Read the report here. |