Markets

Brian Brooks is currently the CEO of Binance.US, but prior to that, he served in government and in the standard financial space. Brian Brooks Has Carved Out a Serious Crypto Career Before his position with the exchange, Brooks was the acting comptroller of the Currency at the U.S. Office of the Comptroller of the Currency (OCC). He has also worked with Coinbase. In a recent interview, Brooks discussed what it was that drew him to the crypto market. He says: For me,...

The CEO is much bullish on the transition to Ethereum 2.0 Proof-of-Stake (PoS) blockchain along with the rise of the DeFi market.The Bitcoin (BTC) vs Ethereum (ETH) debate gets intense. This year, a large number of institutional players have extended their support for Ethereum. With the Ethereum hardfork just two days away, Pantera Capital CEO Dan Morehead predicts that ETH will outpace BTC as the largest cryptocurrency.On Monday, August 2, speaking to the Reuters Global Markets Forum,...

During an interview with Bloomberg, Gensler admitted that he is intrigued by the cryptocurrency space, but that wouldn’t deter him from protecting US investors via enhanced regulations on the market. Being deeply familiar with the blockchain space, as he taught DLT classes at the Massachusetts Institute of Technology (MIT), Gensler was expected to have a straightforward approach when it comes down to regulating the industry when he took charge at the SEC earlier this year. So...

With crypto funds and indexes coming mainstream, the Bitwise options for the Aave and Uniswap are likely to see increased embrace from investors across the board. Digital currency asset manager, Bitwise has launched independent Crypto Funds for decentralized finance (DeFi) tokens, Aave (AAVE), and Uniswap (UNI). The new funds, which complements the firm’s suite of institutional investor-centered digital investment was notably in response to the demand for DeFi products from Wall Street...

The BTC fund flow towards exchanges has been gradually declining in recent weeks, while the number of tokens transferred has registered a sudden spike, revealed on-chain data. As such, CryptoQuant’s CEO indicated that larger players have become active again with numerous OTC deals. BTC OTC Deals On The Rise Apart from digital assets changing hands on cryptocurrency exchanges, over-the-counter (OTC) financial markets enable investors, typically such using more substantial...

British oil company BP rakes in profit in recent quarterly earnings as oil market recovers from pressure exerted by the pandemic.Oil Giant BP Increases Dividend in Q2 Report Earnings, Plans $1.4 Billion BuybackBP (LON: BP) announced its Q2 earnings to shareholders, with figures higher than expected. The oil and gas plant accrued a cash surplus of $2.4 billion in the first half of the year, owing mainly to a recovering oil market. Dividends rose by 4% to 5.46 cents per share from 5.25 cents...

GT will also open a global partner recruitment plan, looking for partners in integrated shopping platforms, clothing brands, travel, hotels, catering, virtual gifts, game assets, real estate purchases, medical services.According to an official announcement, Gate.io opened its doors on July 31 to announce the GT burn situation in the second quarter (Q2). The data shows that the second quarter of 2021 benefited from the influence of the blockchain industry’s big market ,the number of users and...

ADA price is struggling to clear the $1.40 resistance against the US Dollar. The price is now testing the $1.30 support and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $1.30 on the 4-hours chart (data feed via Bitfinex). The price could extend its decline, but the bulls might protect the $1.20 and $1.15 support levels. Cardano price is facing an uphill task near $1.40 against the US Dollar, similar to bitcoin. ADA...

Ethereum price extended its increase above the $2,500 resistance against the US Dollar. ETH price is now trading well above $2,400 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $2,520 on the 4-hours chart (data feed from Coinbase). The pair is consolidating gains and it might start a fresh increase above $2,600. Ethereum price is showing positive signs above $2,400 against the US Dollar. ETH/USD must stay above...

The American payments processor – PayPal – will reportedly expand its digital asset endeavors by building a designated cryptocurrency team in Ireland. The firm appears to be ready to broaden its scope to other countries, too. PayPal Advances in Ireland According to the local media Independent, PayPal is looking to assemble a new team highlighting the company’s ambitions to deeply embrace the digital asset market. The future employees will fill crypto-focused roles in...