Crypto news

A $400 billion investment management firm, Neuberger Berman, recently announced adding exposure to Bitcoin and Ether derivatives and investment vehicles as part of the firm’s fund strategy. Another Hedge Fund to Join Crypto The SEC filing outlines that the asset manager will receive exposure to cryptocurrency via a subsidiary firm —with a minimum investment of $5 million. The filing comes after the firm disclosed a “Hedge Cryptocurrency Volatility Fund” in an SEC Form D...

Bitcoin is edging towards recovery after nearly three months of heavy drops. The world’s number one digital currency by market cap has been undergoing one of its biggest valuation changes, having surged all the way to a whopping $64,000 per unit back in April of this year. However, about a month later, the currency began experiencing mega dips that ultimately saw it trading for less than $30,000 for a brief period. Bitcoin Has Begun Its Climb to the Top Again Bitcoin...

Ripple announced that one of the leading non-bank remittance service providers in South Korea – Global Money Express Co. LTD (GME Remittance) – had joined its network. As a result, the financial institution can now connect to Siam Commercial Bank (SCB) and initiate payments between South Korea and Thailand. GME Looking to Expand According to an announcement, GME Remittance has joined the blockchain-based digital payment network – Ripple. The collaboration enabled the South...

ADA/USD – Bulls Turn Parabolic Above Price Channel. Key Support Levels: $1.70, $1.62, $1.50.Key Resistance Levels: $1.90, $1.97, $2.05. ADA surged 33% this week, which allowed it to break the upper angle of an ascending price channel it was trading inside. Before the breakout, ADA struggled to break resistance at $1.50, provided by the 100-day MA level. The breakout came yesterday as ADA shot to resistance at $1.70. Today, it continued to break resistance at a $1.72 (bearish...

Back in November, many analysts claimed that Joe Biden would be the man to put bitcoin on the map. Allegedly, his policies towards the world’s number one digital asset would be so friendly that the asset would make its way to the top of the financial ladder and become the ultimate tool for financial investors, but has BTC fared any better under the 78-year-old former senator? What Has Biden Really Done for Bitcoin? During Biden’s time in the White House, bitcoin has been subjected to one of...

Tether has yet again issued another public opinion by Moore Cayman, a provider of audit services that reassures USDTs are “fully backed by reserves.” However, the company has failed to disclose the precise nature of the reserves it’s referring to, which has raised a few eyebrows in the community. Another Public Opinion By Moore Cayman The report says the Cayman Island-based audit provider has obtained “sufficient and appropriate” evidence to base their assurance opinion. It...

Bockchain: Ein Schweizer Kulturgut neu als NFT NFT-Kunst boomt weiterhin als Investitionsmöglichkeit. Graubünden, als zukunftsorientierte Feriendestination, geht sogar noch einen Schritt weiter: Seit Juli 2021 versteigert die Marke sechs Werbesprüche der Kult-Steinböcke Gian und Giachen als Non Fungible Tokens für einen guten Zweck im echten Leben: Naturschutz der Bündner Parks. Einer der Sprüche wird bereits für mehr als 1.1 ETH...

The Massachusetts Mutual Life Insurance Company has doubled down on its BTC endeavors through a partnership with New York Digital Investment Group. Both parties aim to enable institutional clients of the insurance behemoth to receive BTC exposure. According to the announcement dated August 11th, the insurance broker, founded a decade and a half ago, has entered into a “placement agent agreement” with NYDIG. Through its broker-dealer, MML Investors Services (MMLIS), MassMutual...

[PRESS RELEASE – Zug, Switzerland, 11th August 2021] Concordium, a leading blockchain technologies company, and Swvl, Inc. (“Swvl”), a Dubai-based provider of mass transit and shared mobility solutions, today announced a strategic partnership to, for the first time, use blockchain technologies to develop transformative next-generation mass transit systems. Swvl is a global tech start-up based in Dubai, with an implied, fully diluted equity value of approximately $1.5 billion,...

The Indian governing body will reportedly take measures to eliminate the use of cryptocurrencies as part of the country’s financial system. However, the existence of digital assets issued by the State is not threatened. Cryptocurrencies Fund Illegal Activities According to a recent report by The Economic Times, the government of India plans to crack down on the use of digital currencies as many criminals employ them to fund their illegal operations. The authorities believe...