Markets

VDollar seeks to venture into the crypto industry at a time when global adoption is on the rise.VDollar Exchange Ltd is coming up under the market statement, “Mining is Trading”. The Colorado-registered crypto exchange allows users to trade cryptocurrencies. Simultaneously, 100% of transaction fees generated are placed into the USDT Reserve Pool belonging to all token holders. The on-chain address of the USDT Reserve Pool will be published for transparency and verification.According to...

Mashinsky says Bitcoin is best held as a store of value, while Ether’s primary use is yield farming.  Bitcoin, the world’s leading digital asset, has begun to lose its market dominance to Ethereum, this view was shared recently by the CEO of Celsius Network Alex Mashinsky during a recent interview with Kitco News.Per data from Coinmarketcap, Bitcoin’s market dominance stands at around 44% while that of Ethereum has risen to approximately 19%. ETH Is Already Flipping BTCAccording to...

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...