Bank of France governor Francois Villeroy de Galhau said that Europe should make crypto regulation a priority or risk digital assets challenging its monetary sovereignty. At a Paris Europlace financial conference today, Villeroy said he believed the European Union only had “one or two years” left in which to establish a regulatory framework for cryptocurrencies. …
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Major cryptocurrency exchange Coinbase has announced users will be able to earn 4% interest on USD Coin through a product the company compared to an alternative to a fiat savings account. In a Tuesday blog post, Coinbase said its users could earn 4% annual percentage yield, or APY, by lending out their holdings for the …
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The world’s largest cryptocurrency trading platform, Binance, has faced regulatory upheaval over the past week as jurisdictions clamped down on the use of unauthorized exchanges and warned citizens against accessing them. For Binance, adopting the moniker of “global exchange” has done very little to appease regulators that require specific licenses to offer financial services to …
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The overall activity of addresses (or wallets) on the Ethereum (ETH) blockchain has exceeded that of Bitcoin’s on Monday—for the first time in the history of digital assets, according to crypto metrics firm Santiment. “Following up on yesterday’s report on #Ethereum #FUD and the buying opportunity we saw, today has marked a historic day – …
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Mexico’s central bank (Banxico) and financial regulator (CNBV) issued a joint statement confirming that banks are not authorized to use Bitcoin as a payment method. At the same time, Banxico said they are currently studying the implications of digital currencies. But so far, they remain somewhat unconvinced on the touted benefits of using them. This …
Crypto investments in India have been gaining significant traction over the past year, blockchain data indicates. Despite the ambiguous regulatory situation in the country, more than 15 million Indians have bought or sold digital currencies. Indian Crypto Investments Increase Amid Regulatory Uncertainty A growing number of Indians have put money into cryptocurrencies in the past …
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Ark Invest, the investment company founded by Cathie Wood, filed for approval to offer a Bitcoin ETF yesterday. 21Shares, an investment firm with experience launching related products in Europe, will help Ark to launch the product. Ark Invest is the latest of several funds showing interest in launching a Bitcoin ETF this year. Cathie Wood’s …
On Tuesday, Deutsche Börse Group, marketplace manager for the trading of shares and other securities, explained the company has acquired a major stake in Crypto Finance AG. The move adds to Deutsche Börse’s extension into the cryptocurrency industry in order to provide custody solutions and a “direct entry point for investments.” Deutsche Börse Group to …
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The self-proclaimed inventor of Bitcoin, Craig Wright, has won a default judgment in London’s High Court in his copyright infringement case against the pseudonymous operator of bitcoin.org. According to a report, the website and its owner Cobra must remove the Bitcoin white paper from the web portal and pay $48K in legal costs as well. …
Mexico’s third-richest person has revealed that he is a supporter of Bitcoin and that his bank is working on plans to support the flagship crypto asset. Ricardo Salinas Pliego, the billionaire owner of Grupo Salinas which owns a myriad of different companies, says in a tweet that his bank, Banco Azteca, is looking to be …
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Analytics firm Santiment is weighing in on the state of Bitcoin and Ethereum as investors wait for the crypto markets to make their next move after a modest bounce in recent days. Santiment highlights two metrics that suggest Ethereum could be at a better-than-average spot for long trades. ADVERTISEMENT The first one is the …
Popular crypto trader and analyst Cantering Clark believes Bitcoin is due for an extended cooldown period before continuing its historic bull run. After a powerful rally to a high of $64,804, Bitcoin took a sharp 50% correction in May following a wave of bad news, including fears of China crackdowns on miners and Tesla restricting …
On May 19, the total cryptocurrency market capitalization nosedived by 19% and has since failed to recover to the $1.8 trillion mark. More than 40 days have passed, and investors have begun to question what could happen to altcoins if the current bear market takes longer than expected to recover. Before digging into that, analysts …
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Cryptocurrency prices surged on June 29 as Bitcoin (BTC) price pushed through the $35,000 resistance level and lifted the total market cap by $93 billion, with $50 billion of that total flooding into altcoins. Bitcoin put on a 7% gain on the day to climb back above $36,000 and leading traders to expect a rally to the …
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Cryptocurrency exchange Crypto.com has announced it will partner with Formula 1 in its racing series this year. In an announcement today, Formula 1 said Crypto.com would be the new global and inaugural partner for its 2021 Sprint series, scheduled to begin on July 17. As part of the agreement — which CNBC reported to be …
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