Markets

The move is expected to attract crypto investors who had fled the country following the heavy burdens caused by taxations of unrealized profits. Undeniably, the cryptocurrency and blockchain markets have turned out to be a huge backbone for the development of economic growth prospects in many markets around the world. By now, it is safe to bet that countries have a clear understanding that the cryptocurrency and blockchain industries are here to stay and thus prudent to tap into their...

Singapore’s MAS created the report with 11 banking giants to run several pilots improve market issuance by tokenizing assets. The Monetary Authority of Singapore (MAS) is proposing a framework to develop open and interoperable networks for tokenizing assets. On Monday, the central bank published a report containing details of its proposal, called Project Guardian. The publication states that the MAS is already collaborating with 11 organizations working to develop and test tokenization...

Binance will not delist privacy coins in Europe, opting instead to review its classification of assets in line with EU law. Binance has reviewed its decision to delist several privacy coins in Europe. The exchange will no longer delist these coins as it works to comply with regulations stipulated by European authorities. Binance will now reclassify privacy coins to satisfy regulations. In a recent comment, Binance said: “After carefully considering feedback from our community and...

Berkshire Hathaway purchased 225 million of the EV maker’s shares for $230 million in 2008. American multinational conglomerate Berkshire Hathaway (NYSE: BRK.B) sold 2.52 million shares of Chinese EV maker BYD listed in Hong Kong on the 19th of June. A stock exchange filing revealed that the investment company sold the shares for HKUS$ 675.80 million, equaling $86.3 million. Berkshire Cuts China’s BYD Shares Holdings Following the sale of the BYD share, Berkshire Hathaway’s holdings in the...

As per Bernstein research, there is the “headroom for a compliant ETF to grow its share as a bitcoin on-ramp solving the pain of custody”. In its latest research report on Monday, June 26, private wealth management giant Bernstein stated that Grayscale‘s dominant position in the crypto market could be under threat following BlackRock‘s recent filing of the spot Bitcoin ETF with the US SEC earlier this month. Currently, Grayscale is the world’s largest crypto asset manager running a $19...

Bybit’s move is in stark contrast with that of the leading crypto exchange, Binance. Earlier this month, Binance announced it would cease its operations in Cyprus. Crypto exchange Bybit has obtained a license from the Cyprus Securities and Exchange Commission (CySEC) to operate a crypto exchange and provide custody services in the island nation. Bybit announced the news on Monday, June 26, stating that it will offer a full suite of services to its Cyprus customers. This will include...

The 30-day window of opportunity opened on Sunday, June 25th, and would run till July 23rd. Voyager customers who have been unable to access their funds since the company folded up last year may finally have something to cheer about. This follows after a recent blog post hinted that customers affected by Voyager’s bankruptcy can now withdraw their funds. According to the blog post, the 30-day window of opportunity opened on Sunday, June 25th, and would run till July 23rd. During this...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Stellar lumen price is facing a major resistance near the $0.0925 zone against the US Dollar. XLM price is now trading above $0.088 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.0905 on the 4-hour chart (data feed via Kraken). The pair could start...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ripple price is facing resistance near the $0.520 level against the US dollar. The price is now trading above $0.52 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.4910 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair...

As the cryptocurrency market continues to evolve, crypto presales have emerged as a lucrative venture for savvy investors. However, with so many tokens slated to debut each week, it can be challenging to identify those with true potential. In this article, we simplify this task for investors by exploring the top five crypto presales set to shake up the market next week. 1. Wall Street Memes (WSM) First up is Wall Street Memes (WSM) – a new meme coin that aims to “tokenize” a...