The cryptocurrency ecosystem as a whole has taken a back seat to events in the larger world but this is not stopping developers from building. One project that has recently begun to gain traction thanks to its focus on creating a high throughput, low-cost blockchain network is Bitgert (BRISE), a crypto engineering organization that has …
Continue reading “BRISE token soars to new highs after the official launch of BitGert Chain”
Inflows into cryptocurrency investment funds rose sharply last week, offering cautious optimism that investors are broadening their exposure to digital assets despite geopolitical uncertainty and monetary tightening from central banks. Digital asset investment products registered $127 million worth of cumulative inflows for the week ending March 6, according to CoinShares data. A CoinShares representative told …
Continue reading “Crypto funds register largest weekly inflows since December”
ADA loses 12% but large investors and NFTs are positive trends. Gold and oil soar but demand wanes for crypto. IMX rises after fund raise. ADA Cardano lost 12% of its value as the cryptocurrency market turned lower once again. The market saw a high on March 2nd but has since dropped back to test …
Continue reading “Cardano Price Dragged Lower but Large Investors Buy, IMX, BTC, ETH, Mar. 7”
The EOS network benefited from a 273% increase in total value locked in February. Lending platforms EOS REX and DeFiBox are the two major contributors to TVL. Development activity on EOS also remains consistent. The EOS network experienced an unusually high increase in total value locked (TVL), gaining 273% in the month of February. EOS …
Ripple CEO Brad Garlinghouse says that the U.S. Securities and Exchange Commission (SEC) has a difficult argument to make in its case against the enterprise blockchain company. The SEC sued Ripple in December 2020 on the allegation that the company sold XRP as an unregistered security. In a new interview on Fox Business, Garlinghouse says …
The geopolitical tension between Russia and Ukraine has resulted in investors seeking safe-haven assets. Contrary to expectations by crypto investors, Bitcoin (BTC) has failed to rise along with gold and it remains closely correlated with the U.S. stock markets. Lloyd Blankfein, former CEO of Goldman Sachs, said that the actions of governments freezing accounts, blocking …
Continue reading “Price analysis 3/7: BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE”
CargoX, a blockchain company specializing in document transfer solutions, announced a long-term extension to its agreement with the Egyptian government to digitize the nation’s trade flows. Last year, through its 80%-owned entity Misr Technology Services (MTS), the Egyptian government integrated CargoX’s Blockchain Document Transfer (BDT) service for its official NAFEZA single-window trade platform. Usage of the …
The United Kingdom’s Financial Conduct Authority, or FCA, has issued a warning to Binance Markets in response to Binance’s payment company Bifinity and investment firm Eqonex entering a strategic partnership. In a Monday statement, the FCA reiterated that Binance Markets Limited was not allowed to conduct certain regulated crypto-related activities in the United Kingdom without …
February saw a noticeable shift between inflation and U.S. Federal Reserve news, followed by news of a conflict in Eastern Europe that completely overshadowed the earlier concerns of economic health. What’s transpiring in Ukraine is causing an immediate marketwide price drop. Bitcoin (BTC) had a notable decline of 11% over a 16-hour time period, while …
Continue reading “Examining the crypto market’s reaction to the Russia–Ukraine crisis”
Quick take: Binance has launched its official fiat-to-crypto payments provider Known as Bifinity, the platform will be powered by Binance Bifinity has partnered with EQONEX, a Nasdaq listed crypto exchange Bifinity has also partnered with Safepal and Zilliqa to offer fiat on and off-ramp solutions to their user base The payments platform has also partnered …
Continue reading “Binance Launches its very own Fiat-to-Crypto Payments Provider”
Quick take: FTX has acquired an operational license from the Cyprus financial regulator of CySEC The crypto exchange now has the go-ahead to offer crypto products and services across the European Economic Area FTX Europe will be headquartered in Switzerland with a regional base in Cyprus The exchange promises to work with regulators in the …
Continue reading “FTX Acquires License from Cyprus to Operate in Europe”
Since September 2021, ADA has posted lower monthly lows against the dollar, with March on track to do the same. This has proved a frustrating period for Cardano holders. Support exists at around the $0.75 level. However, the current price is hovering dangerously close to this point. And with RSI showing a consistent sweep downwards …
Continue reading “Cardano (ADA) set for 7th consecutive monthly red candle, is a bounce due?”
One of the leading cryptocurrency exchanges, FTX Trading Limited (“FTX”), recently announced the establishment of FTX Europe. Securing the approval from the Cyprus financial market regulator CySEC enabled the crypto trading giant to proceed with its global expansion plans and establish its presence in Europe. Licenses across the European economic area With the establishment of …
Continue reading “FTX expands its global reach, launches European operations “
During China’s annual “Two Sessions,” the authorities discussed “metaverse” at a national level for the first time, with delegates calling for regulation to ensure data security and the eradication of speculation within the industry. Since China successfully curbed the growth of crypto within its jurisdiction, the metaverse has emerged as a new frontier for many …
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Brett Harrison, the CEO of FTX US, said that recent public assertions that crypto is an effective means of evading sanctions couldn’t be more wrong. Harrison said that regulated cryptocurrency exchanges have advanced technology and effective procedures for enforcing AML and sanctions, making them an improbable road for moving sanctioned money. AML and KYC regulations …
Continue reading “The CEO of FTX US explains why you can’t use exchanges to avoid sanctions”
