Crypto Analytics Firm Coin Metrics Acquires Bletchley Indexes

Cryptocurrency analytics company Coin Metrics announced that it has acquired digital asset index firm Bletchley Indexes and plans to launch crypto smart beta indexes. The announcement was made in a blog post published on June 7. Per the announcement, the acquired company will be rebranded to Coin Metrics Bletchley Indexes (CMBI). The newly acquired firm — following the relaunch — “will leverage Coin Metrics’ on-chain and market data expertise to expand the family of indexes to include such smart beta indexes based on key network metrics.” Furthermore, all of Bletchley’s…

Is It A Case Of Murphy’s Law For BTC Supporters?

Bitcoin drop 7.4 percent Reserve Bank of India could get a boost with the latest draft bill proposing more stringent measures against crypto investors and developers. Yesterday’s FUD that India’s legislators are proposing a ban of cryptocurrency mining, trading or holding did expose RBI’s underbelly. Such punitive steps often trigger rebellion in a Streisand effect, popularizing Bitcoin and cryptocurrencies. All in all, BTC is down 7.4 percent from last week’s close. Bitcoin Price Analysis Fundamentals The prospect of another “private currency” surpassing government issued fiat is a nightmare for central…

Life of Luxury: Fashion Turns to Blockchain

Although once confined largely to agriculture, blockchain technology is now making major inroads into the luxury goods supply chain market. Thus, Consensys recently announced a new platform with French multinational luxury goods conglomerate LMVH and the technology behemoth Microsoft to verify the authenticity of luxury goods. Luxury brands trial blockchain Although many products in the luxury goods market are renowned status symbols found in expensive city center stores the world over, the components of their products can originate in the most far-flung corners of the globe. The nature of globalized…

XRP Down 7.5%, Prices Could Freeze Because Of Ripple’s Goals

XRP falls 7.5 percent week-to-date Ripple game plan demands stable prices Behind Ripple is a drive to change the status quo. Their goal is to dislodge SWIFT and improve livelihoods through cheaper transactions with XRP as a tool. Therefore, it means XRP must be affordable, pouring cold water on the $579 talk. At the time of writing, XRP is down 4.5 percent. Ripple Price Analysis Fundamentals It promises to be another display. An extravaganza where innovation shapes the sphere, ten years after Bitcoin became a breather. Bitcoin is, well, fair.…

Binance Drive For Crypto Dominance Is Massive For BNB, Adds 1.8%

BNB up 1.8 percent Changpeng Zhao and the team to launch a Stablecoin Ambitious, Binance wants to conquer the crypto world. There is a Launch Pad for crowdfunding, is active and now plans of launching a Stablecoin are in progress. While at it, BNB is rebuffing sellers, adding 1.8 percent in 24 hours. Binance Coin Price Analysis Fundamentals Vitalik Buterin is concerned. It’s not about Ethereum or what regulators think of ICOs. The muzzle is on Binance and their role in the crypto ecosystem. In two short years, Binance has…