Markets

Piyush Gupta – CEO of Singapore’s largest financial institution DBS Bank – believes cryptocurrencies could turn into an alternative to gold and its role in the current financial system. However, he doesn’t think digital assets could become “money as we know it.” Bitcoin on the Same Level as Gold DBS Bank’s top executive aired his thoughts on several popular cryptocurrency topics during a recent interview for The Economic Times. Similar to many proponents of the asset class,...

Russia’s central bank granted the country’s largest lender Sberbank a license to issue and exchange digital assets. The latest move opens new avenues for the nation’s economy hammered by western sanctions. The Approval According to the official statement, local companies will be able to issue their own digital assets to lure market investments, purchase digital assets through Sber’s system, or make other such transactions under the new license. The lender also stated that it...

“The LBank Show” successfully aired its first episode via Youtube. LBank is one of the top crypto exchanges in the world, which has officially been in the market since 2016. The platform has inaugurated a show titled “The LBank Show” for the industry leaders and innovators to connect with crypto enthusiasts. The guest of the first episode is Allen Wei, Global CEO of LBank. He shared his experience and thoughts of the crypto world, meanwhile answering questions from LBank...

This week was action-packed, and even though the broader cryptocurrency market managed to recover some of the losses from the previous period. Bitcoin maintains relative stability around $40K and seems to have reclaimed the level. Let’s unpack. Bitcoin was sitting at around $39,000 this time last week, and we saw little to no action for quite a while. On Monday, the price dipped below $38K, but the bulls were quick to step up, and all losses were recovered by the end of the...

Safemoon, is the new BEP-20 token on the Binance Smart Chain(BSC), a main competitor to the Ether decentralized financial system. Safemoon was launched on March 8, 2021, and has quickly grown to become the third-largest BEP token by market cap. This very new token grew by almost 6,000% in just one month. The rise that surprised the entire cryptocurrency industry. It has since taken a plunge, but the amazing thing is that this project is still often talked about now, with...

Bitcoin cash price started a fresh decline from the $320 resistance against the US Dollar. The price is now trading near the $300 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $290 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if there is a break below the $290 support in the near term. Bitcoin cash price is struggling below $320 against the US...

The San Francisco-based crypto exchange – Coinbase – announced that users can now take advantage of the new feature to fund their non-custodial Coinbase Wallet easier than before. The Newest Product As part of its mission to make cryptocurrency products accessible to the broad public, Coinbase introduced Coinbase Pay. The company explained that the solution is an extension of its existing digital asset wallet that allows users to interact with Web3 applications. Coinbase Pay...

The European Supervisory Authorities – the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA), the European Insurance and Occupational Pensions Authority (EIOPA) – issued a warning to investors about cryptocurrencies, deeming the asset class as “highly risky and speculative” in nature. The ESAs Ask Consumers to Make Informed Decisions The warning comes amidst increasing consumer activity and interest in crypto-assets, as well as the...

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Ukraine’s president has officially signed the virtual asset bill to legalize cryptocurrencies for income, exchange, and business, as approved by parliament last month. This comes after weeks of financial support from the crypto community for help in fending off Russia’s invasion. According to a statement from the Ministry of Digital Transformation of Ukraine, the new law creates conditions for a legal virtual asset market in the country. It will be regulated by the National...