Tag: digital asset

Sep 29 2022

Binance Launches in New Zealand amidst Global Expansion

Binance, the world’s largest cryptocurrency exchange by market capitalization, has launched a subsidiary in Oceania country New Zealand.

The exchange on Thursday announced that it has successfully registered as a Financial Service Provider with the New Zealand Ministry of Business, Innovation and Employment.

“New Zealand is an exciting market with a strong history of fintech innovation and our team of Binancians in New Zealand...

Sep 22 2022

INX Combines Its Security Token and Crypto Trading Platforms Into One

INX Digital Company, owner of digital assets trading platforms, on Thursday launched INX ONE, a single-entry platform that combines the features of its security token and cryptocurrency trading platforms.

The company described INX ONE as “the world’s first and only fully-regulated end-to-end platform for listing and trading both SEC- registered security tokens and cryptocurrencies.”

The new...

Sep 19 2022

‘Post Ethereum Merge Crypto Flows Indicate Continued Caution among Investors’

The inflow and outflow of investments into digital asset investment products in the past week indicates that investors are still cautious of investing.

This is according to the new digital asset fund flows report published by digital asset management firm, CoinShares.

Sep 14 2022

Weekly Crypto Outflows Reach $63 Million

Last week, crypto assets like Bitcoin and Ethereum managed to jump above key price levels. However, the recent spike was not enough to change market sentiment as institutional investors pulled out almost $63 million from digital asset products.

According to the weekly digital asset fund flows report by CoinShares, Ethereum remained the...

Sep 13 2022

Active Bitcoin Addresses Hit the Highest Level in Three Months

Amid a sharp price jump, Bitcoin, the world’s most dominant digital currency, witnessed a spike in address activity during the past few days. According to Glassnode, an on-chain analytics platform, the total number of active BTC addresses (7-day Moving Average) touched 55,817 on 13 September 2022, the highest level in three months.

The overall number of active Bitcoin addresses has climbed significantly in the...

Sep 02 2022

CFTC & SEC Proposes Amendment For Crypto Assets In Form PF

The Commodity Futures Trading Commission (CFTC) and the...

Aug 29 2022

Crypto Investment Products Volume Hits 'Lowest Since October 2020'

Volumes in digital asset investment products remained very low and generated US$901 million last week, the lowest since October 2020.

This is according to the new digital asset fund flows reports from CoinShares, as shared with Finance Magnates.

According to CoinShares, digital asset investment products saw minor outflows last...

Aug 27 2022

Large XRP Addresses Move More than 150 Million Coins

XRP witnessed a marginal price surge of 1% in the past 24 hours. In terms of weekly performance, the digital asset was down by almost 2%, compared to a dip of approximately 10% in ETH and over 5% in Bitcoin. The movement of XRP coins across the network has increased in the last few days.

According to Whale Alert, over 150 million...

Aug 24 2022

Ethereum Addresses with Non-Zero Balance Hit All-Time High

With a price dip of over 12%, Ethereum has remained the worst-performing digital currency among the top 10 in the last seven days. However, Glassnode’s recent data indicates that the total number of ETH addresses with non-zero balances reached 85.367 million on Wednesday, which is the highest level on record.

Active Ethereum...

Aug 17 2022

Stablecoin Payments Test by UK Group

Aug 17 2022 Published at Coinscreed under tags  crypto hub digital asset news stablecoins

A group of private companies called the Digital FMI Consortium would start Stablecoin Payments in October and keep it going for at least a year. A group of private companies called the Digital FMI Consortium said it plans to test international Stablecoin Payments using its own stablecoin, dSterling, which is backed by sterling and will […] The post Stablecoin...

Aug 16 2022

Crypto.com Signs a Pre-Registration Undertaking with OSC in Canada

One of the largest digital asset trading platforms, Crypto.com recently confirmed that the Ontario Securities Commission (OSC) has granted the company a pre-registration undertaking for operations in the Canadian region. With that, Crypto.com has become the first international cryptocurrency platform to sign an undertaking with Canada’s OSC.

The latest announcement from Crypto.com came just a few days after the company secured regulatory approval...

Aug 13 2022

Abrdn Acquires Stake in Archax

In an official announcement on 12 August, Archax confirmed that Abrdn has signed a deal with the company to become its largest external shareholder. Archax has been established to facilitate institutional investors who are interested in blockchain-based digital assets.

Archax was established four years ago. The company has secured approval from the

Aug 11 2022

Zero Hash to Become a Digital Currency Exchange Provider in Australia

Zero Hash Holdings, a digital asset services firm that enables neo-banks, broker-dealers and payment groups to offer digital asset offerings, has successfully registered to be a Digital Currency Exchange provider (DCE) in Australia.

The registration was granted by the Australian Transaction Reports and Analysis Center (AUSTRAC), the Australian government financial...

Crypto.com Continues Global Expansion, Gets Approval in Cayman Islands

Crypto.com, a cryptocurrency exchange based in Singapore, has gotten regulatory approval to operate as a virtual asset service provider (VASP) in the Cayman Islands.

The crypto exchange also received registration to function as a VASP in the self-governing overseas territory of the United Kingdom.

Crypto.com, which

Aug 04 2022

ETH Is Best-Performing Asset in July; Crypto Volatility Fall Continues

Ether (ETH) emerged as the best-performing digital asset in July, returning a 57% gain and leaving a significant margin against other cryptocurrencies.

ETH wrapped up the month with a market capitalization of $205 billion after its price climbed 57% to $1,680.

This is even as volatility across cryptocurrency markets worsened in July, further slipping away from the high levels reached in May.

These are the...

Jul 06 2022

Active Bitcoin Addresses Drop by 13% in 7 Months

In November 2021, the total number of daily active Bitcoin addresses stood at over 1 million. According to the weekly on-chain analysis report published by Glassnode, the number now stands at around 870,000 per day, down by almost 13% in the last seven months.During the mentioned period, Bitcoin’s price has plunged by more than 70%. Amid the latest crypto market correction and...

Jul 04 2022

39% of US Millennials Hold Crypto Assets, Report Says

Crypto assets are getting popular across the US despite the recent dip in the market. Alto’s latest survey results indicate that almost 39% of surveyed millennials hold cryptocurrency assets, the number is more than the millennials who invested in mutual funds.The global cryptocurrency market cap touched a record high of approximately $3 trillion in November 2021. Despite a massive plunge in prices,...

Jun 22 2022

Crypto.com Gets In-Principle Approval from Singapore’s MAS

Cryptocurrency services provider, Crypto.com has recently confirmed that the company has received in-principle approval from the Monetary Authority of Singapore (MAS) for its Major Payment Institution License.Once granted, the license will allow the digital asset services provider to offer a broad range of payment services in the region under the Payment Services Act. The offering will include Digital Payment Token (DPT) services...

Jun 17 2022

Cryptocurrencies Fuel Increase In High Net Worth Population, Survey Shows

Cryptocurrencies play a major part in wealthy people's way of life. A recent survey reveals that global high-rollers are spending more than ever on cryptocurrency, which has become "an integral aspect" of the investing portfolios of wealthy individuals. According to the World Wealth Report published by Capgemini, a technology consulting firm, the number of high net worth persons (individuals with a net worth...

Jun 09 2022

Binance Is after VASP, EMI Licenses in Philippines, CEO Says

Binance, the world’s largest cryptocurrency exchange by trading volume, says it is trying to get two licenses in the Philippines. These are the virtual asset service provider (VASP) and the electronic money issuer (EMI) licenses. The VASP license is to enable the exchange to legally facilitate the trading of cryptocurrencies in the Philippine as well as power the conversion of cryptocurrencies...

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