Markets

Despite the most recent downturn in the entire cryptocurrency market, a London-based asset manager is reportedly considering investing in digital assets. According to a report from the Financial Times from today, Marshall Wace, a London-based asset management company with over $55 billion in AUM, considers a foray into the cryptocurrency market. Citing people familiar with the matter, the firm is planning to invest in various fields of the industry, including blockchain...

Barclays announced yesterday that it was suspending debit and credit card payments from customers in the UK to Binance, citing the FCA’s recent action against the crypto exchange.Binance has stated that Barclays’ decision to prohibit customers from buying cryptocurrencies on the exchange with debit and credit cards is a result of an “inaccurate understanding of events.” Barclays revealed yesterday that it was stopping card payments to Binance following the Financial Conduct Authority’s (FCA)...

Peter Wall, CEO of Argo Blockchain, emphasized the major developments in the crypto market since June, calling attention to the undeniable depletion in the total global hash rate.The only cryptocurrency mining company listed on London Stock Exchange Argo is eyeing a second prospective listing on Nasdaq Exchange. The publicly traded blockchain technology committed to large-scale crypto mining declared the probability of a secondary listing on the Nasdaq. This news comes as part of its...

Chinese officials reached out to the company to disclose their concerns “about Didi’s data potentially falling into foreign hands”.The shares of popular Chinese ride-hailing firm Didi Global Inc (NYSE: DIDI) plummeted by 25% after the authorities raised concerns over its handling of customer’s data. Not only that, it has emerged that the Chinese authorities had requested that the company delay its initial public offering in the United States due to “national security concerns.”Didi Shares...

[PRESS RELEASE – Singapore, Singapore, 6th July 2021] Singapore, July 6th, 2021 – What a rollercoaster ride it’s been — and we still have six more months to go before turning a new page in time. As observers of recent events can testify, one should always expect the unexpected with the crypto market. The months of May and June saw markets whipsaw amid heightened volatility. Midyear mayhem aside, it’s important for us to also remember the finer happenings in 2021 — including a...

[PRESS RELEASE – Singapore, Singapore, 6th July 2021] Moma Protocol, the project bringing fully customizable Lending Pools to solve DeFi assets’ liquidity and scalability problems, is conducting its Initial DEX Offering (IDO) on July 6th. The IDO will run on the Bounce & WeStarter platforms. Simultaneously, there will be an Initial Exchange Offering (IEO) on the HotBit platform. Through its smart contract Factory, Moma Protocol provides a valuable service to the financial...

CoinShares has been quite active in scaling their operations and has reported having raised £17.5 M in Q1 asset management.CoinShares, which is Europe’s biggest digital asset investment firm, is all prepared to purchase the ETF index business of Elwood Technologies. CoinShares will be making this purchase at a market price of $17 million. Elwood Tech through this platform had partnered with Invesco and had facilitated a launch of Invesco Elwood Global Blockchain Equity (the Invesco Blockchain...

The Swiss banking giant UBS sounded a note of caution to its customers that regulatory crackdowns can pop the “bubble-like” crypto markets. Furthermore, they said bitcoin might become an unsuitable option for professional investors. Beware of Popping The Bubble In a recent note, the multinational investment bank – UBS Group AG – warned its clients about the current dangers in the crypto market. Executives of the Switzerland-based institution opined that the recent regulatory...

ADA price started a fresh increase after it found support near $1.20 against the US Dollar. The price is now trading above $1.35 and the 55 simple moving average (4-hours). There is a key rising channel forming with support near $1.35 on the 4-hours chart (data feed via Bitfinex). The price is likely to continue higher above $1.45 and $1.50 in the near term. Cardano price is trading in a positive zone above $1.35 against the US Dollar, similar to bitcoin. ADA price could...

Ethereum price gained pace above the $2,100 and $2,200 resistance levels against the US Dollar. ETH price is now trading well above $2,100 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $2,200 on the 4-hours chart (data feed from Coinbase). The pair could either decline heavily or it might start a fresh increase above $2,300 in the near term. Ethereum price is struggling to hold gains above $2,200 against the US...