Singapore’s largest bank, DBS Bank, has expanded its scope of supported cryptocurrency services by scoring another regulatory approval. DBS Bank’s brokerage arm, DBS Vickers (DBSV), has received in-principle approval from the Monetary Authority of Singapore (MAS) to provide digital payment token services as a payment institution, the company officially announced Thursday. The approval is granted …
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Crypto investors understand that getting lower risk returns is the gold standard when it comes to any asset. You want higher returns without taking on too much risk especially now that crypto adoption is on the rise. The global crypto population jumped by 100 percent in 2020, per a Crypto.com 2. Ethereum (ETH) Ethereum is currently …
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Veteran analyst and trader Peter Brandt is taking a fresh look at Cardano (ADA) following its recent rally. After previously cautioning that ADA could follow Litecoin’s bearish 2018 trajectory, the popular trader says Cardano’s price structure is now looking significantly more bullish. ADVERTISEMENT According to Brandt, ADA needs to show it can hold onto …
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Global banking giants are reportedly increasing their involvement in the emerging crypto and blockchain firms by way of early- and late-stage funding for projects and businesses in the industry. According to research by Blockdata, a blockchain market intelligence outfit, 55 out of the top 100 banks by assets under management (AUM) have some form of …
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The Russian central bank has once again reiterated its negative stance on Bitcoin (BTC), with one of the bank’s top executives comparing the cryptocurrency with a pyramid scheme. Sergey Shvetsov, the first deputy governor at the Bank of Russia, expressed the authority’s concerns over cryptocurrency investment in a Wednesday interview, warning about the perceived risk …
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PSG, a fan token launched by Paris Saint-Germain, resumed its uptrend on Thursday after Argentinian football superstar Lionel Messi confirmed that he was joining the French football club. The PSG/USD pair jumped by 10.57% to hit an intraday high of $41.90. The pair’s latest upside move followed an almost 40% bearish correction from its all-time high of …
Argentine soccer superstar Lionel Messi, regarded as one of the game’s greatest players of all time, has reportedly made crypto fan tokens a part of the payment deal in his financial package with French club Paris Saint-Germain. The information comes from sources close to the matter, according to Reuters. Messi, 34, who had been at FC Barcelona …
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XRP bumped this morning on the back of several fundamental developments even as top cryptocurrencies tumbled down. Traders reacted accordingly. XRP jumped nearly 19% in the past day—from $0.88 to $1.06—before dipping slightly in the early hours this morning. As such, the move was part of a larger trend from the $0.5 price level in …
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An address linked with the infamous hacker of decentralized finance (DeFi) cross-chain bridging protocol, Poly Network, has returned over $260 million stolen from the network. $260 million (As of 11 Aug 04:18:39 PM +UTC) of assets had been returned:Ethereum: $3.3MBSC: $256MPolygon: $1M The remainings are $269M on Ethereum, $84M on Polygon — Poly Network (@PolyNetwork2) …
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Kucoin, one of the leading crypto exchanges, suffered a hacking incident in 2020 where over $250 million was stolen. However, immediately after the hacking was reported, Kucoin began cooperating with various players from the crypto industry. This cooperation ultimately led to the recovery of a large chunk of the stolen funds. Kucoin’s Recovery From Attack …
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While non-fungible token (NFT) assets have been raking in millions, numerous NFT projects like Cryptopunks, Meebits, and Bored Ape Yacht Club (BAYC) have been outpacing the competition. The BAYC NFT collectibles is a collection of 10,000 Bored Ape NFTs and just recently the project sales volume has risen exponentially as it rests just below Cryptopunks …
Italian soccer club AC Milan and Bitmex have reached a long-term partnership agreement that will put the logo of the cryptocurrency exchange on Milan’s jerseys. As part of the sponsorship deal, Bitmex will become Milan’s ‘official sleeve’ and ‘crypto trading’ partner. Bitmex Brand to Feature on Sleeves of Milan Playing Kits Bitmex, a leading crypto …
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The cryptocurrency market has done quite well in the past weeks. However, some stagnation in this price trend has led to BTC retreating below the $45K significant mark created at the beginning of the week. However, this slight decline has not prevented altcoins from making their gains. Yearn Finance is trading at $38,101 at the …
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The TRON coin has been among the best gainers in the cryptocurrency market. TRX, just like most altcoins, has been on a steady uptrend since late July. The uptrend has led to the altcoin making new highs and breaking significant barriers. TRON is trading at $0.0861 at the time of writing after an 8.1% gain …
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Ripple’s XRP is one of the greatest beneficiaries of the recent crypto market bulls. The coin has managed to go to new monthly highs, with this uptrend causing a surge in XRP’s market cap, which is now above $45 billion. Ripple is currently ranking sixth in market cap, and it is among the best-performing tokens …
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