Home Tags Expects
Fundstrat Global Advisors issues its 2019 crypto outlook stating that the major coins will soon recover. New York-based research company Fundstrat Global Advisors has released its 2019 crypto outlook on Friday, Feb. 8. The analysts describe incremental improvements that will purportedly support higher prices for cryptocurrencies. Tom Lee, Fundstrat’s co-founder and pro-crypto Wall Street analyst, commented on the study in his Twitter. He posted an introduction to the study and infographics that trace key market tendencies from 2017 to now. “We see 9 incremental improvements in the landscape that ultimately support higher prices,” Lee’s tweet states. The preview of the introduction chapter provides a brief assessment of 2018, which, according to Fundstrat, has brought a lot of disappointment. The analysts state that negative headwinds, such as the initial coin offering (ICO) post-hangover, adverse regulatory developments and excessive exuberance have reversed some of crypto’s achieveme..
After raising $103 million in September, a Swiss crypto bank startup expects a banking license from the Swiss financial regulator in the first half of 2019. The CEO of Swiss startup SEBA Crypto AG said in an interview that five “large asset managers” from both Germany and abroad have shown interest in their cryptocurrency bank, Swiss financial media outlet Cash reports Nov. 12. Back in September, the company had raised $103 million to set up a bank offering cryptocurrency-related services. At the time, CEO Guido Bühler had noted that the bank sees itself as a bridge between cryptocurrency assets and the traditional financial world. In the November interview, Bühler noted that SEBA Crypto AG expects to receive a banking and securities dealer license from Swiss financial market regulator FINMA in the first half of 2019. That license would allow the firm to conduct crypto trading and investments business for other banks and qualified investors. In September, SEBA had noted that it planne..
TSMC expects growth of demand for the high-end servicing of premium smartphones, but forecasts “continued weakness” in crypto mining demand. Major global chip manufacturing firm Taiwan Semiconductor Manufacturing (TSMC) predicts revenue growth in Q4, but expects a counterbalance due to the low demand for crypto mining hardware, Reuters reports Thursday, Oct. 18. TSMC, the world’s largest independent semiconductor foundry, forecasts “modest” revenue growth in the fourth quarter, mainly due to solid sales of high-end chips for premium smartphones. According to Reuters, TSMC is expecting Q4 revenue to increase to somewhere between $9.35 billion and $9.45 billion, as compared to $9.21 billion a year ago. However, the expected growth will be allegedly offset by the low sales of cryptocurrency mining equipment. While TSMC’s chief financial officer Lora Ho revealed that the company is forecasting a “continued steep ramp” of demand for TSMC’s 7 nanometre for a number of “high-end smartphones,..
Crypto exchange Bitfinex has temporarily suspended all fiat currency wire deposits for the Euro, USD, JPY and GBP, says they will resume “within a week.” Major crypto exchange Bitfinex has temporarily suspended all fiat wire deposits for the Euro, U.S. Dollar, Japanese Yen and Pound Sterling. This is according to several reports today, Oct. 11. While the exchange has not specified a reason for the suspension, it states that deposits are “expected to resume within a week.” As reported Oct. 8, the exchange has recently been prompted to officially respond to online rumours that claimed Bitfinex was insolvent and/or facing banking issues. As part of its recent statement, the exchange acknowledged that “complications continue to exist” for Bitfinex “in the domain of fiat transactions,” but stated this is something prevalent among “most” crypto-related organizations. The exchange’s statement was partly prompted by reports that its banking partner, Puerto Rico’s Noble Bank International, is ..
Advertisement This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. A new French exchange focuses on security and regulatory compliance as a part of its plan to become the European market leader by 2020. A new exchange — Blockchain.io — intends to keep audited and regulatory-compliant records as well as carefully select coins to ensure that they are compliant with the local and international law, including for upcoming regulations. The company hopes such caution will ensure that the funds of their customers won’t ever be frozen or seized. Also, the exchange promises a reliable infrastructure that will guarantee DDoS resistance, high throughput and minimal downtime. The credibility of this claim is backed by the experience of the people involved in the project, which have managed the Paymium Bitcoin exchange since 2011. As a way to enhance security, the company has ..