The SBI-Sygnum-Azimut Digital Asset Opportunity (DAO) fund announced today in a release that it made its first investment into Coinhako, a Singapore-based cryptocurrency exchange. While the statement did not disclose the funding value, it specified that proceeds will be used to expand Coinhako geographically in Southeast Asia. Also, the exchange will work on growing verticals
Cryptocurrency analyst and trader Michaël van de Poppe is analyzing what XRP has in store price-wise going into next year. XRP is trading at $0.83 at time of writing and is up 3.77% in the past 24 hours. The eighth-ranked crypto asset by market cap is down nearly 40% from its 30-day high of $1.35.
What’s behind a fresh wave of enthusiasm for crypto? It’s something called decentralized finance (Defi). Defi looks more like traditional banking than anything crypto has come up with yet – but it is also nothing like traditional banking. It has its own fresh set of jargon, including yield farming – a buzzword that people are
Bitcoin (BTC) attempted to crack $51,600 resistance throughout Dec. 7 as BTC/USD gained in line with an equities rebound. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin: “The trend is still up” Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency making repeated assaults on the $51,600 mark Tuesday. At the time of writing,
While more than a quarter of American retail investors already have Bitcoin (BTC) in their portfolios, this number would likely be much higher if the U.S. Securities and Exchange Commission (SEC) approves a spot-based Bitcoin exchange-traded fund (ETF), according to Grayscale Investments. Per the third annual Bitcoin Investor Study published by the crypto investment giant
Bitcoin dropped by almost 20% over the weekend, falling down to a three-month low of $46.5k amid a market-wide flash crash. The choppy price action gave way to panic sell-offs and weak-hand capitulation. On the other hand, ‘buy the dip’ chants took over crypto Twitter. At the time of writing, Bitcoin finally seemed to recover,
Tezos, a privacy focused blockchain network, released its carbon footprint report from PricewaterhouseCoopers Advisory SAS — a French member firm of the PwC network of member firms. The PwC report reflects drastic improvements in energy efficiency for Tezos since moving from a proof-of-work (PoW) mining consensus to a proof-of-stake (PoS) one. The PwC report highlighted
When it comes to crypto, everyone knows Bitcoin. In fact, Bitcoin is known much more widely than the word “cryptocurrency” itself. Since its inception, the concept of a decentralized financial system has taken everyone by surprise. And to watch it develop into what it is today is nothing more than a once-in-a-century instance. However, as
Fidelity Digital Assets — the crypto wing of Fidelity Investments — and crypto borrowing and exchange platform Nexo have announced a partnership to offer crypto custodial services, products and lending services for institutional investors. The two firms will create a comprehensive product line and legal infrastructure for institutional investors looking to get exposure to cryptocurrencies.
Mirror Trading International, the now-defunct fraudulent bitcoin investment platform, is said to be owed more than $129 million by debtors that had not been declared previously. Unaccounted for Debtors Liquidators of the collapsed South African bitcoin Ponzi scheme, Mirror Trading International (MTI), recently released a statement that suggested the scheme is owed as much as
There’s no denying that the Indian government shares a contentious relationship with cryptocurrencies, as was made clear recently when the government indicated that it plans on banning all private cryptocurrencies — a list that could potentially include just about every digital asset in the market today — after it had previously lifted all such restrictions
Bitcoin miners have had a pretty tough year considering the events in the the last few months. However, they recovered from it and managed to find stability, until November came. Even the miners couldn’t fight off the effects of the market dip. Minors and investors under fire As we all know, the market took a
Cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE) and Ether (ETH) are set to become the gift of choice for people of the United States, a new study by crypto lending firm BlockFi revealed. Conducted in October among more than 1,250 U.S. residents, BlockFi’s “Real Talk: Happy HODLdays” survey found that nearly one in 10 Americans would
sponsored Eco-friendliness and mass market accessibility cited as major factors in choosing WAX. WAX Blockchain has been chosen by Sony Pictures and AMC Theatres (NYSE:AMC) for Sony Pictures’ Spider-Man: No Way Home NFT Promotion, the first ever NFT promotion between a studio and a major theatrical exhibitor. The decision to utilize WAX blockchain was based
The Lightning Development Kit is Spiral BTC’s latest offering to the community. And to the world. The LDK is “The simplest way to integrate Lightning into your Bitcoin wallet.” It’s free to use and it contains building blocks that anyone can integrate with their product. The big news, however, is Jack Dorsey’s puppet. The company,
Polker, the blockchain gaming metaverse has experienced massive publicity following its successful outing at DCentral Miami. A major milestone for Polker The two-day blockchain event from November 30th – December 1st provided Polker with a great opportunity to connect to a broader crypto audience. As a result, Polker was able to stand out among the