Switzerland’s largest bank, UBS, has advised investors to “stay clear” of cryptocurrencies and “build their portfolio around less risky assets.” The UBS analysts warned that “Regulators have demonstrated they can and will crack down on crypto.” UBS’ Crypto Advice and Warning The global wealth management team at UBS warned in a note published last week …
Tag archives: Ripple
Equity Strategists, Portfolio Managers Share Bitcoin Price Predictions: Survey
Equity strategists and portfolio managers were asked about what the price of bitcoin will be by the year-end. Almost half of the surveyed participants say the price of the cryptocurrency will fall below the $30K level but some believe it will rise to $60K. Year-End Bitcoin Price Expectations by Equity Strategists and Portfolio Managers Equity …
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This new protocol is pushing the boundaries of what an NFT can do [INTERVIEW]
CryptoSlate recently had the opportunity to chat with Ben Lakoff, the co-founder of Charged Particles, a blockchain-agnostic NFT protocol that allows users to deposit any ERC tokens into any Non-Fungible Token (NFT). What is the professional background of the Charged Particles founders and what is their previous experience in crypto? Rob is the founder and …
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ETH bumps ahead of Ethereum ‘London’ upgrade. But what’s it about?
Ethereum touched just shy $2.4k yesterday, making a two-week high. It also closed three consecutive daily green candles against Bitcoin, taking ETHBTC to 0.066782 at the time of writing. Some analysts attribute this strength to the up-and-coming London upgrade. The Rinkeby testnet rollout is anticipated this coming Wednesday. However, the mainnet launch depends on the …
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Twitter Permanently Suspends Splinterlands Account for Unspecified Violations
After tweeting through its account since 2018, Splinterlands, a blockchain-based NFT trading card game, has been banned from the service permanently as social media giant Twitter refuses to respond to appeals. Suspension Coincides With Twitter Unveiling its Own NFTs While non-fungible token (NFT) hype may have cooled, there is no shortage of controversy surrounding the …
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248% Weekly Gains — Baby Doge Coin Continues to Rally While Most Crypto Asset Markets Slump
Four days ago, the crypto community and mainstream audiences caught a whiff of a new meme-based crypto asset called baby doge. The coin got a lot more attention when Tesla’s Elon Musk tweeted about baby doge and almost immediately after the tweet, the asset’s value skyrocketed. Musk hasn’t said anything about baby doge since then, …
As Miners Leave Bitcoin in Droves, Space Allocation Dedicated to Filecoin and Chia Surges
While a large quantity of hashrate has stopped dedicating resources to the Bitcoin network, a great number of alternative mining ecosystems are swelling with new participants. China’s ASIC exodus has ignited a significant increase in demand for accessing storage power on both Filecoin and Chia’s proof-of-storage networks. Both networks have seen space allocation spike significantly …
US Feds just sold $19 million in Bitcoin. Here’s why
The Department of Justice’s Northern District of Ohio received a significant return on the confiscated Bitcoin (BTC) forfeited after Mark Alex Simon’s conviction, accused of manufacturing and distribution of fraudulent identity documents or authentication features and conspiracy to launder money, according to Toledo’s local news. As per U.S. Attorney Bridget M. Brennan’s announcement last Thursday, …
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Ethereum, altcoins ‘chop’ as crucial Bitcoin metric sees 28% decline
Ethereum, altcoins ‘chop’ as crucial Bitcoin metric sees 28% decline Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Bitcoin · Ethereum › Analysis The crypto space saw choppy market conditions over the weekend as a crucial Bitcoin metric saw one of its biggest drops …
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Joe Biden Directs US Intelligence to Investigate Ransomware Attack Against Florida IT Firm
Joe Biden wants to crackdown on ransomware according to statements he made on Friday, after hackers hijacked software from a Miami-based IT supplier called Kaseya. Hundreds of American businesses were affected by the breach as the attackers encrypted the files of some 200 clients. Biden said on Friday that he’s ordered an investigation into the …
4,000 Institutional Funds in Germany Can Now Invest 20% of Portfolios in Crypto Assets
Around 4,000 institutional funds with almost 2 trillion euros in assets under management in Germany can now invest 20% of their portfolios in cryptocurrency, including bitcoin. The highly anticipated Fund Location Act (Fondsstandortgesetz) went into effect on July 1 in Germany. The German federal parliament, the Bundestag, cleared the legislation on April 22. Under this …
Share Buyback Magic: Financial Forecaster Says Stock Market Rally Is All ‘Smoke and Mirrors’
While the American economy witnesses small business failures across the nation, historical unemployment rates, major issues with the supply chain, countless product shortages, and the cost of goods and services inflating, the stock market continues to rally. The CEO of the Forward Thinking Group UK, Neil McCoy-Ward, thinks the current stock market is “completely disconnected …
Wyoming legally recognizes EOS-based DAO in historic move
The US state of Wyoming legally recognized The American CryptoFed DAO on Sunday, as per a release. The historic move made it the first-ever federal region to recognize a decentralized autonomous organization, or “DAO.” Called ‘The American CryptoFed DAO,’ the legal DAO is based on high-speed blockchain network EOS and operates with a dual-token system: …
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$7 million ‘liquidated’ after Bitcoin drops $1,000 in 30 minutes
Bitcoin fell $1,000 this morning in a sudden drop, taking along with the rest of the crypto and racking up $7 million in ‘liquidations,’ data from several sources shows. ‘Liquidations,’ for the uninitiated, occur when leveraged positions are automatically closed out by exchanges/brokerages as a “safety mechanism.” Futures and margin traders—who borrow capital from exchanges …
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8,000 BTC Belonging to Mirror Trading International Traced, Investors Urged to Lodge Claims
A total of 8,000 bitcoins belonging to Mirror Trading International (MTI) have been traced while an additional 29,000 bitcoins could soon meet a similar fate. The traced coins, which are valued at over $280 million (4 billion rand), represent a potential breakthrough for beleaguered MTI investors. Liquidators Want Court to Declare MTI a Ponzi Scheme …