Thanks to its high volatility and price momentum, cryptocurrency is an increasingly popular asset class amongst retail day traders. CFDs that track price changes in major tokens make cryptos even more accessible for investors without the steep learning curve that traditionally accompanies cryptocurrencies. Fewer Obstacles Attract Investors to Products That Mirror Cryptos 1-to-1 Over the …
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The governor of Ghana’s central bank, Ernest Addison, has said his institution is now “in the advanced stages of introducing a digital currency.” However, before its release into circulation, the digital currency—which is also known as the “e-cedi”— will first have to go “through three phases.” Bank of Ghana’s Embrace of Emerging Fintechs In his …
PRESS RELEASE. With cryptocurrency adoption increasing in the Philippines, Filipino users are looking for ways to convert their digital assets into cash at an affordable rate. The Central Bank of the Philippines has recorded P76 billion (US$ 1.5B) worth of transactions processed by local virtual currency exchanges (VCEs) in 2020, which is five times higher …
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Elon Musk continues playing with the crypto Twitter, causing more rage in the community. Tesla CEO Elon Musk has brought more stress to the cryptocurrency markets by posting another series of cryptocurrency-related tweets on Thursday. Bitcoin lost around $2,000 in a matter of hours after Musk took to Twitter to post about Bitcoin (BTC) again. …
Continue reading “Bitcoin price slumps $2K on Musk’s ‘in the end’ tweets”
Sotheby’s has revealed the world’s first “intelligent” NFT, Playboy is auctioning off a tokenized boarding pass to the “bunny jet”, and Olympic-themed NFT collectibles are dropping this month. Playboy, the lifestyle and entertainment brand famous for its distinctive logo — among other things, has launched its first collection of five animated NFTs, on a new …
Continue reading “Nifty News: Olympic NFT pins and games, world’s first intelligent NFT and more”
VeChain has partnered with top Shanghai-based Renji Hospital to launch MyBaby, a blockchain-based service that tracks IVF progress. Enterprise blockchain VeChain, in partnership with Shanghai’s Renji Hospital, has announced the launch of a smart medical care project dubbed “MyBaby” — a blockchain-based In-Vitro fertilization (IVF) service application. The project also includes collaboration with Vechain partner …
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Bitcoin maxis went to town on Greenspan after he called it a ‘crypto conference’. The Miami Bitcoin 2021 conference officially kicks off on June 4 and with it has resurfaced controversy over crypto tribalism involving some of the industry’s leading figures. Organizers expect attendance exceeding 50,000 for the Mana Wynwood Convention Center hosted conference. Among …
Continue reading “It’s Mati Greenspan versus the Maxis at ‘Shitshow’ 2021”
Data analytics website, DeepDAO, has secured $3 million from notable investors to expand its data suite for tracking decentralized autonomous organizations. DeepDAO, a website aggregating data on decentralized autonomous organizations (DAOs), has raised $3 million for future expansion in a round led by venture capital firms Hypersphere and DFG. An announcement asserts the “overwhelming demand …
Continue reading “DeepDAO secures $3M for expansion even as DAO treasuries halve in one month”
Miami Mayor says he wants “a Miami that lasts forever” as he announces Blockchain.com’s move to Miami. Major crypto solutions provider Blockchain.com is moving its U.S. headquarters from New York to Miami in an attempt to spur aggressive growth over the next few years. The $5 billion firm intends to hire 300 new full-time employees …
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The Temporary Registrations Regime’s end date for crypto companies has been pushed to March 2022. The United Kingdom’s Financial Conduct Authority (FCA) has extended the end date of crypto-asset companies’ temporary registration from July 2021 to March 2022. The Temporary Registrations Regime, or TRR, was established last year to enable crypto businesses to continue trading …
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A recent study published by Gambler’s Pick notes that Gen Zers are less likely to invest in traditional investments like equities and more likely to invest in cryptocurrencies, meme investments, and non-fungible tokens (NFTs). Gen Z More Likely to Invest in Cryptocurrencies and Meme Investments Than Stocks and Common Assets The web portal gamblerspick.com published …
Many companies operating with cryptocurrencies are not meeting anti-money laundering regulations, the U.K.’s Financial Conduct Authority revealed. The government agency has extended its temporary registration scheme after facing a growing number of crypto firms that are withdrawing their applications. FCA Extends Temporary Registrations Regime Till End of March 2022 The Financial Conduct Authority (FCA) announced …
According to a recent study, non-fungible token (NFT) sales have dive-bombed 90% since the market’s record sales on May 3. Market data shows over 130,000 NFT sales that day and 30 days later sales are down to a touch over 84,000, dropping more than 35% last month. Protos.com Study Claims ‘NFT Bubble Has Popped’ Non-fungible …
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The digitization of traditional currencies like the euro has the potential to increase their international appeal, the European Central Bank says in a new report. A failure to offer a digital currency would endanger financial stability, ECB warns. The regulator is concerned about the prospect of tech giants dominating payments through their “artificial currencies.” Eurozone’s …
Institutional investors can get USD on credit without liquidating their ETH. Crypto custody bank Anchorage Digital is expanding its services into crypto-backed loans for institutional investors. Clients at Anchorage can now access a line of USD credit backed by Ethereum through its partnership with U.S. commercial bank BankProv. Anchorage Financing will introduce a simple way …
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