👏 We made it! Welcome to 2021! The beginning of the year looks inspiring for crypto investors: bitcoin is breaking records, altcoins are showing increased volatility, cryptocurrencies continue to strengthen their positions in the global financial system 💪. But what will happen next? The crypto market is too unpredictable to foretell specific events, but CEX.IO continues to monitor the situation.
Our experts share valuable experience and analytical data that can help you understand trends to make informed decisions.
📰 Take a look at our traditional review of publications in the media. In this issue you will learn:
- CEX.IO news
- Crypto adoption
- DeFi boom
- Cryptocurrencies. A year in review
- Altcoins in the spotlight
- Market analytics
So let’s get started!
CEX.IO news
👉 In 2020 we submitted an application for registration with the Financial Conduct Authority (FCA).
On December 16, 2020, the FCA announced that it has introduced a temporary registration regime for existing cryptoasset companies that applied for registration before December 16, 2020, and whose applications are still pending. We submitted the application ahead that date, so CEX.IO has been granted temporary registration as a cryptoasset business by the FCA until July 9, 2021, pending the determination of our application by the UK Financial Conduct Authority.
CEX.IO receives temporary registration status with the FCA
👉 We already shared some articles about CEX.IO 7 year’s birthday but this one is coming from the very heart of CEX.IO – the Founder and CEO Aleksandr Lutskevych.
In his interview Aleksandr tells about the advent of Bitcoin as a transformative medium of finance and the journey of the cryptocurrency exchange CEX.IO which first opened for business in 2013 and grew into a suite of services that fit the needs of different market participants.
London-based cryptocurrency exchange CEX.IO celebrates seven years of innovation and growth
Crypto adoption
👉 The state of the world economy has pushed institutional investors to look for alternative methods of investment. And more and more often, Bitcoin (BTC) is becoming such a tool. Since August 2020, business intelligence firm MicroStrategy has purchased BTC worth a total of $425 million. At the same time, digital asset manager Grayscale Investments raised record amounts of money in both the first and second quarters of this year ($1.4 billion in total). But should we celebrate institutional investors as the “saviors” of crypto? Or, on the contrary, are they the ones that will lead to the digital asset industry’s downfall? Konstantin Anissimov shares his thoughts on the subject.
Institutional investors won’t save crypto, but they will help it grow
👉 The most popular cryptocurrency, Bitcoin (BTC) has become a mainstream hedge as a store of value – for a diversifying set of investors, experts have claimed, with altcoins also set for a retail boost further down the line. Given a high demand from institutional investors, Bitcoin price can increase. Konstantin Anissimov tells more details about that in the article.
Bitcoin Now Retail Inflation Hedge, Experts Agree – and Altcoins May Follow Suit
DeFi boom is still there
👉 What are the factors driving the appeal and growth of DeFi? How even in its nascency, the sector has already left an indelible mark on the global financial landscape? Watch and listen to Konstantin Anissimov’s video and podcast. There he describes navigating the minefield of grey areas in exchange regulation, witnessing a growing wave of institutional funds flowing into the cryptoasset space and shares his take on what’s in store for central bank digital currencies (CBDCs).
👉 Almost all DeFi projects are about liquidity pools, instant loans, decentralised exchanges, lack of regulation and immense ROIs that most people aspire to when investing their money in DeFi assets. Some of them were proved right during the month of November that saw a sizeable batch of DeFi tokens taken to considerable heights.
In the list below, Anton Chashchin, the Commercial Director of CEX.IO Loan, ranked the DeFi assets with highest capitalisations that were able to make the most gains in November 2020. Continue reading and find out how the most prominent gains were made.
Five Big DeFi Tokens That Made Their Owners Richer in November
Cryptocurrencies. A year in review
👉 So far there have been a lot of comments concerning the extent to which the Covid-19 pandemic impacted how we lived and worked in 2020. But the transformation of the cryptocurrency market in 2020 should not be overlooked. It is fair to say that the most notable movement in the cryptocurrency market in 2020 was the exponential growth of Bitcoin. Read what 2020 was like for BTC in the article by CEX.IO’s Executive Director Konstantin Anissimov.
👉 Bitcoin has features that can be seen as both strengths and weaknesses, especially in comparison to other cryptocurrencies that are present in the market.
Let’s try taking a closer look at the first crypto with Dmytro Volkov, CTO at CEX.IO – what advantages it has, what problems it’s facing, what it could look like in the future. Read more in the article.
What Will Be The State of Bitcoin Going Forward?
👉 Watch Konstantin Anissimov being a guest in the early morning show at talkRadio. Konstantin tells about the future of cryptocurrency as a payment and investment instrument providing alternatives to traditional currencies and assets.
👉 It goes without saying that 2020 has been an eventful year. From the pandemic to stock market crashes to a global economic turmoil and a digital revolution, the world has gone through massive changes, this year. And that is also true to the cryptocurrency industry, which has been thriving in 2020, featuring new and exciting market trends. Konstantin Anissimov of CEX.IO thinks 2021 and subsequent years will be even better. Read more on that in the article.
2020 Was a Good Year for Crypto, and We’ll Soon Have Even Better Ones
Altcoins in the spotlight
👉 Ethereum (ETH) could continue with its upward move. According to the Executive Director of CEX.IO, Konstantin Anissimov, it is reasonable to expect the smart-contract leader to continue its bullish move. This comes after some weeks in which Ethereum and Bitcoin (BTC) are trading sideways. In addition to it, he believes that it is possible for Bitcoin to become the “most lucrative asset of 2021.”
- Ethereum (ETH) Could Continue With Its Bullish Move
- Ethereum Price Forecast 2021: Wind of change to take ETH to all-time high
👉 You’ve probably heard Ripple is in hot waters now. But the cryptocurrency had shown some impressive price moves targeting a higher price bar. What’s more, the community is still excited about the event of SPARK airdrop slated to happen in a few months. How the current state of things and the airdrop can impact the XRP price? You can find some thoughts on that in the articles below.
- XRP price action imminent? A closer look at the market’s #3 crypto
- How Will the Spark Airdrop Affect XRP’s Price?
Market analytics
👉 Bitcoin (BTC) took all the headlines in December. You bet! The major cryptocurrency was hitting all-time-high literally every week (sometimes every day).
Konstantin Anissimov, our Executive Director, shared thoughts about the reasons for such a rally and analyzed the signals of the future crypto market moves.
- Bitcoin Reaches New All-Time Highs Amid Soft Mining Ban in China
- Bitcoin is ‘too big to fail’ now, says official of major U.K. crypto exchange
- Bitcoin Price Triples in Value Against Gold Since March Crash
- Three Reasons Behind Bitcoin’s Heady Ride Above $19,900
- Bitcoin bounces back two rivals have potential
- Bitcoin whales go into selling spree while technicals turn bearish
- Bitcoin bounces back two rivals have potential
- Bitcoin whales go into selling spree while technicals turn bearish
- Analyst: Bitcoin Could Reach $90,000 in 2021
- The S2F Model Has Been Extremely Accurate Predicting Bitcoin Price
- Technical Analysis: GBP/USD Breaks To 2020 Best, GBP/EUR Drops Below 1.1100
- Technical Pound Sterling Analysis: GBP/USD Risks Leaving Upside Channel, GBP/EUR Eyes 1.0800
🤓 Stay tuned to keep an eye on all crypto news and follow the latest trends. Want to continuously improve your financial literacy and connect with like-minders? No problem! Our experts, as well as traders from all over the world, are always in touch on our Telegram channel. Here you can join, find good reads, and share your opinion: 👉 https://t.me/CEXIORU
2021 promises to be even more impressive than 2020. This makes for some exciting trading opportunities!
Not sure what to do in this big financial world? CEX.IO is here to guide you. 🤗
Your CEX.IO team