Fidelity’s Jurrien Timmer has published data to show that Bitcoin is currently undervalued and oversold. Like crypto YouTuber Anthony Popmpliano, he says that there is currently a massive redistribution from small investors to large investors. Bitcoin is cheaper than it looks, says Jurrien Timmer, director of global macroeconomics at Fidelity Investments. He currently considers Bitcoin to…
Digital assets derivatives exchange FTX has relocated their headquarter to Nassau, the Bahamas, from Hong Kong, citing fewer regulation restrictions in the country. Online media Blockworks reported Thursday, citing 29-year-old billionaire FTX CEO and Founder Sam Bankman Fried, that the company has departed from Hong Kong and currently operate as Nassau-based in the Bahamas. Sam Bankman Friedindicated that…
Ripple Labs has announced a “Liquidity Hub” to allow financial institutions and clients to offer cryptocurrency services. Unveiled in a blog post on Nov. 9, the fintech firm touts the project as a “crypto-first future.” Every company will at one point require a digital asset strategy, Ripple noted. Notably, the new service will give Ripple’s…