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47% of Institutional Investors Interested in Digital Assets: Reveals Fidelity Research



It’s time to get hard-core bullish!

The latest report by the investment giant Fidelity that has entered the crypto space with its Fidelity Digital Assets has shared interesting and bullish research that states institutions are very much active in the crypto space and in the next five years, it will further increase.

Conducted by Greenwich Associates, the research took place between the period of November 2018 and February 8, 2019, that covered 441 institutional investors in the US. The time period involved is of importance here as well as this has been at the time when Bitcoin was already down about 70 percent and further dropped to its yearly low.

Institutions ‘overwhelmingly Favorable’ about Appealing Characteristics

The research finds that institutional investors are “overwhelmingly favorable” about the appealing characteristics such as technology and low correlations to other assets of the digital assets.

  • About half of respondents (47%) appreciate digital assets as an innovative technology play
  • 46% find digital assets’ low correlation to other assets among the most appealing characteristic
  • Financial advisors (74%) and family offices (80%) view the characteristics of digital assets most favorably

Source: Fidelity Digital Assets

Four in Ten Open to Future Investment in Cryptos

The survey reveals that about 22 percent of institutional investors already have some sort of exposure to digital assets. Most of the investments have been made within the past three years only.

However, the future is bright as four in ten respondents say they are open to future investments in digital assets over the course of the next five years.

But what's most interesting is nearly half that is 47 percent of the institutional investors view digital assets as something that has a place in their investment portfolios.

In response to his huge number of institutional investors interested in cryptos, Bitcoin bull Tom Lee says, “@DigitalAssets (Fidelity) carries institutional credibility that will help many of these institutions to make that crossover.”

However, the preference to hold digital assets vary, with 76 percent of institutions survey stated security and safety as the most important considerations when considering custodian services.

The momentum is building!

The interest is ever growing from different fields as the company has been seeing interest from endowments, pension, foundations, and family offices over the past several months.

The research also reveals that institutions are more aware of regulatory and investment developments more than they were six or twelve months ago.

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Altcoin News

Ethereum Network Is Getting Closer To 1 Million Transactions A Day



  • Ethereum transactions are close to 1 million per day
  • The whole network is recovering from last years’ bear market

The Ethereum (ETH) network seems to be performing very well in terms of the number of transactions that it’s currently processing. The second largest blockchain platform in the market is approaching 1 million transactions per day, according to data provided by BitInfoCharts.

Ethereum Transactions Reach New Highs

As the crypto market expands and the community changes the sentiment to positive, blockchain networks are becoming more used than before. This can be seen in Bitcoin and Ethereum. The second largest cryptocurrency has reached almost 950,000 transactions a few days ago, and the trend is clearly to the upward. However, this remains far from the 1.35 million transactions that the network registered in January 2018.

At the same time, Bitcoin transactions are reaching new highs in over a year. A few weeks ago, Bitcoin registered 452,000 transactions. However, there is a difference between Bitcoin and Ethereum. While Bitcoin transactions reached a bottom in April 2018, Ethereum network activity continued falling until almost a year later in February 2019.

Since February, the number of transactions on the Ethereum network grew by 150%. This is the same level as in February 2018 with the exception of a sudden peak in May 2018. Since February, Bitcoin transactions grew by 35%.

Ethereum is also recovering after falling below $100. This sharp decline in the price of Ethereum was related to the fact that there were several startups and Initial Coin Offerings (ICOs) selling their digital assets in order to cover operational costs. At the same time, this drop was accompanied by a price decrease in Bitcoin (BTC).

One of the fastest growing sectors of the Ethereum ecosystem is Decentralized Finance (DeFi), which consists of Ethereum-based peer-to-peer lending products such as MakerDAO or Dharma, among others.

At the time of writing this article, Ethereum is being traded around $257 and it has a market capitalization of $27.37 billion. In the last 24 hours, Ethereum lost almost 10 percent of its value due to a large drop in the price of digital assets.

Ethereum seems to be recovering from the bear market in economic terms. Its network could be processing 1 million transactions a day in the near future. This is the same value as the network registered in February 2018.

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Bitcoin Cash gets 51% Attacked by Just Two Miners to Reverse Transaction, Price is Unchanged




  • and carries out a 51% attack on Bitcoin Cash network to stop an unknown miner
  • BTC price down less than one percent only

Two of the Bitcoin Cash miners reportedly carried out a 51% attack on the Bitcoin Cash (BCH) blockchain in an effort to reverse another miner’s transactions, per the Tweet by Cryptoconomy Podcast host, Guy Swann on May 24th.

A 51% attack occurs when someone controls the majority of the mining power on a Proof-of-Work (PoW) blockchain network. This means the majority of the block verifiers can prevent others from mining and reverse transactions.

Controlling 50 percent of the Hash Power

Typically, it has been assumed that a 51 percent attack is carried out with malicious intent, however, this isn’t the case with Bitcoin Cash. Here, two mining pools – and carried out this move to stop an unknown miner from taking some coins, due to a code update. Instead of rewarding the attackers or have them for themselves, this move was for the good of the community.

Swann explained, “Since the original split in 2017, there has been a significant number of coins accidentally sent to ‘anyone can spend’ addresses (due to [transaction] compatibility of signs, but no #SegWit on #BCH), or possibly they’ve been replayed from #Bitcoin onto the #BCH network.”

The attacker that day took advantage of a bug that was unrelated to the upgrade – which was subsequently patched – that caused the Bitcoin Cash network to split and to mine empty blocks while the bad transactions made blocks impossible to produce.

“When the unknown miner tried to take the coins themselves, [ and] saw & immediately decided to re-organize and remove these [transactions], in favor of their own [transactions], spending the same P2SH coins, [and] many others,” Swann further said.

At one point, controlled over 50 percent of the power by itself. However, and were able to join together in order to reverse the blocks of transactions. Currently, both the mining pools have a combined hash power of more than 42 percent, as per the data provided by Coin Dance.

A Good or Bad Thing?

The Bitcoin Cash community is divided on this. While some developers are quiet, others like jtoomim called it “justice” and “punishment” for “antisocial behaviour.”

Meanwhile, some like Bitcoin Cash developer that goes by the name, Kiarahpromises argues that it is bad for the blockchain and shows that BCH blockchain is centralized.

“To coordinate a reorg to revert unknown’s transactions. This is a 51% attack. The absolutely worst attack possible. It’s there in the whitepaper. What about (miner and developer) decentralized and uncensorable cash? Only when convenient?” said  Kiarahpromises.

This is certainly a matter of concern shared across proof-of-work networks. If we take a look at the bitcoin’s hashing power, according to, it is divided among three mining pools only.

Currently, this attack has no effect on the price of BCH/USD as it trades at $414 with 24-hours loss of a mere 0.65 percent. BCH is up 161 percent till date, in 2019.

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Bitcoin SV Price Analysis: BSV Rally Could Extend Above $125



Bitcoin SV Price Analysis BSV Chart

After Craig Wright’s drama, there was a strong rally in bitcoin SV price above $80.00 and $100.00. BSV to USD even traded towards the $135.00 level and it is currently consolidating gains for the next wave.

Key Takeaways: BSV/USD

  • Bitcoin SV price surged above $100.00 and doubled in value against the US Dollar.
  • BSV/USD is currently trading inside a contracting triangle with support near $98.00 on the 2-hours chart (data feed from Bitfinex).
  • Bitcoin price is down around 1% to $7,800 and ripple price is struggling below the $0.4000 barrier.

Bitcoin SV Price Analysis

Recently, Craig Wright filed registrations with the U.S. Copyright Office to claim authorship over the original bitcoin code and the Satoshi white paper. It sparked a sharp upward move in bitcoin SV price from the $60.00 support area.

Looking at the 2-hours chart, bitcoin SV climbed higher significantly and broke many resistances such as $80.00, $85.00 and even $100.00. There was a close above the $100.00 level and the 50 simple moving average (2-hours, purple).

Bitcoin SV Price Analysis BSV Chart

BSV price rallied above the $125.00 level and traded as high as $134.82. Recently, it started a downside correction and traded below the $120.00 level and the 23.6% Fib retracement level of the recent rally from $61.64 to $134.82.

However, the $100.00 level along with the 50% Fib retracement level of the recent rally from $61.64 to $134.82 are currently acting as a support. Moreover, the price is trading inside a contracting triangle with support near $98.00 on the same chart.

If there is a downside break below the $100.00 and $98.00 levels, the price could extend the correction towards the $88.00 level or the 61.8% Fib retracement level of the recent rally from $61.64 to $134.82.

On the other hand, bitcoin SV could start a fresh increase above the $105.00 and $110.00 levels. However, a successful close above the $120.00 level is needed for a strong rally in BSV in the near term.

The next key resistance is near the $135.00 level, above which bitcoin SV might climb towards the $150.00 barrier. On the downside, the main supports are near $98.00, $88.00 and $82.00.

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