Markets

SC Ventures, the investment division of Standard Chartered Bank, and SBI Holdings, the Japanese financial conglomerate, have joined forces to establish a $100 million cryptocurrency initiative in the United Arab Emirates. The new vehicle, dubbed Digital Asset Joint Venture, will focus on companies involved in market infrastructure, risk and compliance, decentralized finance (DeFi), and tokenization. The Digital Asset Joint Venture According to the official press release, the...

$MEME is one of the hottest meme coins of this month. Despite the cleverly uninventive name and lackluster value propositions, it has won a large community of speculative investors. With its market cap already at $183 million and little going on in the ecosystem, is $MEME out of steam? The $MEME Sensation Explained Within days of launch, $MEME went on to accumulate a massive $253 million market cap. Listings on Binance, OKX, Bitget, and Kucoin fueled the price pump soon...

Consistent, diligent Bitcoin (BTC) buyers who have stacked sats for two years have greatly outperformed investors in other asset classes – despite entering the crypto market at one of the worst possible times. As of Thursday, dollar cost averaging Bitcoin since November 10, 2021, has put buyers 40% in the green. Bitcoin DCA Is The Way To dollar cost average (DCA) is to consistently buy Bitcoin in equal amounts of fiat currency at regular time intervals (daily, weekly, etc)...

The long-awaited spot Bitcoin exchange-traded fund (ETF) is getting closer to approval, marking a huge milestone for the crypto market. With many experts believing that the ETF will encourage institutional investors to buy Bitcoin, we asked Google Bard how it could affect the coin’s price. We also asked Bard which up-and-coming BTC alternatives could also benefit from a spot ETF approval – with Bitcoin ETF Token (BTCETF) emerging as a standout candidate. The Long Road to Spot...

As the Bitcoin market continues to surprise with its resilience and unexpected surges, investors and enthusiasts eagerly await regulatory developments. In a surprising turn of events, Bitcoin (BTC) price has soared to new heights, reaching an 18-month high and inching closer to the $37,000 mark. The sudden surge caught many market participants off-guard, with traders expressing both excitement and bewilderment at the unexpected strength of the rally. Bitcoin Price Rally and Market...

The Grayscale Chainlink Trust (GLNK) has been trading at 200% premium to the spot price amid the recent LINK price rally. Oracle service provider Chainlink has been in the limelight once again as the LINK price surged to $15 in a phenomenal 98% price surge just over the last 20 days. The recent LINK price rally comes as the institutional demand for the altcoin also skyrockets. The Grayscale Chainlink Trust (GLNK) has witnessed an astounding 200% premium compared to the prevailing LINK...

Following the SEC’s latest filings, there have been mixed reactions, with some favoring the SEC and others supporting Binance. The United States Securities and Exchange Commission (SEC) has stated that Binance’s motion to dismiss a lawsuit filed against it has no basis in law. The federal regulator revealed this while responding to the motion against it on Wednesday. How the SEC vs Binance Lawsuit Started Earlier in June, the SEC began legal proceedings against Binance. The lawsuit accused...

The mere possibility of spot Bitcoin ETF approvals has injected fresh optimism into the crypto market. Bloomberg ETF analysts James Seyffart and Eric Balchunas have outlined a unique opportunity for 12 spot Bitcoin ETF filings to gain regulatory approval from the US Securities and Exchange Commission (SEC) within an eight-day window, starting today and extending to November 17. The SEC’s Timely Window The eight-day window for potential approvals comes as a result of the SEC’s extension of...

EOS price started a fresh increase above the $0.65 resistance against the US Dollar. The price is now trading above $0.665 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.680 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it clears the $0.7150 and $0.7200 resistance levels. EOS price is rising above $0.6800 against the US Dollar, like Bitcoin. The...

Litecoin started a steady increase above $70 against the US Dollar. LTC price is now trading above $70 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $71.20 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could rise further if it clears the $75.80 and $76.00 resistance levels. Litecoin price is showing positive signs above $70 against the US Dollar, like Bitcoin. LTC price could...