Markets

K-Bank aims to capture 20% of the crypto market in Thailand through the acquisition of Satang Pro. In a bold move signaling growing integration between traditional finance and the burgeoning cryptocurrency industry, Kasikornbank, one of the largest banks in Thailand, has purchased a majority stake in a local digital assets trading platform called Satang Pro. According to a recent filing, the bank, popularly known as K-Bank in the country, acquired 97% of Satang’s parent company shares,...

Stellar lumen price is attempting a fresh increase from the $0.1100 zone against the US Dollar. XLM price is now trading above $0.1125 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.1140 on the 4-hour chart (data feed via Kraken). The pair could start a decent increase if there is a clear move above the $0.1165 resistance zone. Stellar lumen price is trading above $0.1150 against the US Dollar, like...

XRP price started a downside correction below the $0.565 zone against the US dollar. The price is now trading above $0.540 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.5440 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase above the $0.565 resistance. XRP price is consolidating near $0.550 against the US Dollar, like Bitcoin. It must stay above the...

The United States is the world’s largest cryptocurrency market, accounting for 24.4% of global transaction activity, according to a recent report by Chainalysis. The report, released on October 23, revealed that there was an estimated $1.2 trillion in value received on-chain between July 2022 and June 2023 in the U.S. Moreover, institutional activity makes up 76.9% of North America’s crypto transaction volume, and activity is split between centralized exchanges and DeFi, it...

The prospect of another bull market has ignited hope and excitement within the crypto community, and market watchers suggest astute investors are eyeing opportunities in promising assets like Bitcoin Spark (BTCS) and Ethereum (ETH). What is Ethereum? Ethereum is a blockchain that has gained immense prominence. Its unique proposition lies in the ability to support smart contracts and decentralized applications (DApps). This has positioned Ethereum as a pivotal player,...

TL;DR The Depository Trust and Clearing Corporation (DTCC) briefly listed a spot Bitcoin ETF ticker symbol iBTC – BlackRock’s BTC ETF, leading to a BTC price surge to $35K. Market participants perceive the listing as a sign that the approval chances for a spot Bitcoin ETF have increased. Crypto analyst Pentoshi speculated that if a BTC ETF is approved, the Bitcoin price could potentially reach $180K in the next 5 years, though its long-term downside could be around $19-$20K....

The past few days have been mostly about consolidation, following Bitcoin’s rally to $35K and the slight correction that followed. These tend to be periods where the price fails to excite, but rather, market participants are evaluating their current standings and projecting what might happen next. Bitcoin Price Steady Above $34K The past 24 hours were optimistic for Bitcoin’s price, which managed to maintain above $34K. In fact, BTC attempted a push, but it was unable to...

TL;DR BTC vs. XRP Purpose and Performance: While Bitcoin (BTC) was designed as a decentralized payment system and is now seen as a protection against global inflation, Ripple’s XRP is a tool for cross-border payments. 2024 Predictions and Factors: Key regulatory developments, like Bitcoin ETF filings and Ripple’s ongoing case with the US Securities and Exchange Commission set for April 2024, could significantly influence the price trajectories of both BTC and XRP. Other...

The top 10 centralized crypto exchanges (CEXs) recorded a spot trading volume of $1.12 trillion in Q3 2023, indicating a significant plunge from the Q2 total of $1.42 trillion. According to the CoinGecko 2023 Q3 Crypto Industry Report, the third quarter spot trading volume for the top 10 CEXs represented a 20.1% decrease from Q2. Analysts called the quarter a turbulent one for crypto exchanges. CEX Spot Trading Volume Plunged in Q3 Among the top CEXs, Binance – the world’s...

As different jurisdictions gear up for regulations on the digital asset sector, DeFi remains a tricky subject. The International Organization of Securities Commissions (IOSCO) had recently weighed in on the matter and recommended that governments should identify the “Responsible Person” behind ostensibly decentralized finance applications and subject them to regulatory oversight similar to conventional financial market participants. Prominent blockchain software company –...