The crypto industry has had one of the best years as it witnessed a whole level of mass adoption from both retail and institutional investors. While this has had a positive effect on the value of some flagship digital assets like Bitcoin and Ethereum, the market cap of these assets also shows the extent of the growth the space has seen. Ethereum market...
A strategist at the Bank of America, Haim Israel, in a recent interview has declared that the new buzzword in the crypto space, Metaverse, holds a lot of potential for the crypto industry and it could be the niche that would drive the global adoption of the space....
Institutional investors’ interest in Bitcoin has refused to wane despite the continued price volatility of the flagship digital asset which has seen the asset rise to over $68,000 then drop to around $57,000 presently within the space of the last 30 days. An example of one such investor is a leading investment bank in the United States, Morgan Stanley, who recently increased its...
Popular crypto lending firm, Celsius Network, is increasing its Series B funding round to $750 million after its October initial $400 million fund raising was oversubscribed by investors. This was revealed by the firm’s CEO Alex...
Earlier this month, a partnership deal emerged, in which Stellar holders would be able to access Moneygram locations to exchange USDC for cash, and vice versa, in person. Moneygram has over...
Nigeria’s central bank (CBN) has maintained its hostile position towards crypto assets like Bitcoin, Ethereum, Litecoin, and others has it recently ordered financial institutions in the country to close the accounts of individuals suspected to have traded cryptocurrency. CBN orders banks to close crypto trader accounts The...
Morgan Stanley’s leading cryptocurrency strategist Sheena Shah anticipates the banking industry to capitalize on the demand for stablecoin deposits, reported...
A job description posted on Revolut's LinkedIn page indicates that the London- based fintech startup is looking forward to recruiting a tech team that will assist the firm in building its crypto exchange. According to the official...
Crypto adoption and growth has continued at pace in 2021 as the amount institutional investors have invested in the industry this year is already 30% higher than the amount they invested in the whole of 2020. This was revealed by a report released by popular digital asset manager CoinShares. Bitcoin remains...
Crypto exchange Huobi will no longer facilitate or support cryptocurrency futures trading and will halt all its related proceedings, it said in an announcement last week. According to previous announcements, Huobi, China's largest...
DBS Bank, Singapore's oldest bank, has joined the Hedera governing blockchain council alongside 39 other leading technology, corporate and nonprofit leaders such as Google, IBM, Deutsche Telekom, Boeing, Dentons, and LG Electronics. I'm excited to announce @dbsbank as the 25th member of the...
India is in the process of introducing a new law that promotes cryptocurrency trading in the country. As per local news outlet Business Today Television, the country would most likely introduce its first crypto law in February. A legal framework comprising essential regulatory laws is already in the making as the country plans to...
U.S. banking regulators are exploring how traditional banks can hold bitcoin for various purposes.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now...
One of the largest Bitcoin whales has resurfaced with the purchase of over 596 Bitcoin yesterday, data from sources show. They were purchased at the price of $62,934 per Bitcoin. A 'Bitcoin whale’ is a term used to denote hefty investors who purchase Bitcoin in bulk. These whales hold enough cryptocurrency that they have the potential to manipulate the cryptocurrency valuations It is...
Scallop is a new age fintech ecosystem designed to offer users a faster, safer and efficient way to manage their crypto and fiat assets in a single place. The project is bringing the digital assets into...
The “Federal Reserve” is a story of insiders and outsiders, and the attempts of those in power to maintain and concentrate it.The People And Events Who Have Shaped Today’s Federal Reserve Monetary System | Part IThis piece will delve into the creation of the Federal Reserve System, and the people and events who have shaped the monetary system into what it...
Chivo will be removing its scalping feature to curb growing speculative tendencies involving Bitcoin, it said in a tweet last night. “Scalping” would allow users to freeze Bitcoin prices for a minute allowing a small window for the users to compare prices on other exchanges before making a final purchase. Chivo took to Twitter to announce that the digital wallet will no longer...
Spanish banks are gearing up in preparation for the upcoming crypto regulations. But in line with the regulations, the Bank of Spain must first put together, a list of virtual assets service providers by October 29. Now, this in itself would naturally not be a major challenge, but for the bogus nature of the whole The post Crypto regulations for Spanish banks might...
United Wholesale Mortgage, which had recently made headlines in the crypto space for being the first in the industry to accept payment for a mortgage in Bitcoin, has now eliminated the said feature citing issues related to incremental costs and regulatory fluctuations in cryptocurrency. The second- biggest mortgage lender UWM had made its public debut via the SPAC merger in January and had begun...
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