Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Vetle Lunde – a senior analyst at K33 Research – stated in a recent interview that bitcoin, the world’s number one digital currency by market cap, is following the same patterns it did in 2019, and that the asset could wind up hitting $45K per unit either by the end of this month or next month. The Same Things...
Read More »FTX Has, Thus Far, Recovered More Than $7 Billion in Assets
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up At a recent hearing in Delaware, it was announced the now defunct crypto exchange FTX – which fell apart in November of last year – has recovered more than $7.3 billion in assets at the time of writing. This is an increase of more than $800 million since the month of January. FTX Is Trying to Pick Itself Up The...
Read More »Formula One Ticket Provider Platinum Group Unveils NFT Tickets for Sunday’s Monaco Grand Prix
The NFT tickets will be minted via the Ethereum scaling layer two blockchain Polygon (MATIC). The sixth race of the 22-round season for the Formula One (F1) Grand Prix held in Monaco over the weekend has attracted the attention of crypto enthusiasts. Furthermore, as a country within the European market, which recently passed the Markets in Crypto-Assets Act (MiCA) legislative standards, it is bound to attract significantly higher crypto enthusiasts during the F1 event. As a result,...
Read More »Binance and Gulf Innova Lands Approval to Operate JV in Thailand
The launch of the crypto exchange in Thailand comes at an opportune time, as the country continues to embrace digital innovation and blockchain technology. The world’s largest crypto exchange Binance has teamed up with Gulf Innova Co Ltd, a major technology firm in the Gulf area, to launch a new crypto exchange in Thailand. With the launch scheduled for the fourth quarter of 2023, this collaboration could shape the future of Thailand’s crypto landscape. Binance shared the announcement in a...
Read More »Klarna Halves Q1 Net Loss and ‘On Track to Achieve Profitability This Year’
Swedish fintech mainstay Klarna cut its Q1 net loss to $120.7 million while boosting operating income by 22% YoY. Klarna Bank AB significantly improved its Q1 bottom line after halving the net loss sustained for the period compared with last year. For the first quarter of the year, the Swedish fintech giant posted a net deficit of 1.3 billion Swedish krona ($120.7 million). This reverse is down 50% from Klarna’s year-ago outing as the company looks ahead toward profitability. In Q1 2022,...
Read More »Howard Marks: Bitcoin Is an “Anti-Bank Play”
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Howard Marks, a billionaire investor, is confident bitcoin has a lot to offer. Howard Marks Feels Bitcoin Has a Solid Future Over the past several weeks, Marks said bitcoin is becoming a huge power play for those losing faith in the American banking system, which has been in trouble as of late. At press time,...
Read More »US Treasury Yield Falls amid Rate Hikes and Debt Ceiling Concerns
The ongoing negotiations surrounding the US debt ceiling have been a key focal point for investors as the June 1 deadline approaches. The United States Treasury bond market experienced a decline in yields on Friday as investors eagerly await the release of key inflation data and updates on debt ceiling negotiations. According to reports, the yield on the 10-year Treasury fell by 3 basis points to 3.829%, while the 2-year Treasury yield dropped by nearly 6 basis points to 4.57%. It is...
Read More »Guilty Pleas in Coinone Case: Defendants in South Korea Admit Charges
The legal process is going on, with the next hearing scheduled for June 6th. On May 25th, broker Ko Mo and former Coinone listing director Jeon Mo pleaded guilty to several charges during their first hearing before the judge. According to local media, Ko Mo was accused of soliciting and delivering up to 6 million won in cryptocurrencies and cash to Jeon Mo and Kim Mo. Jeon, on the other hand, was accused of receiving payments in cryptocurrencies and cash totaling 1.92 billion won ($1.51...
Read More »Gemini to Set Up Its Base in Europe, Headquarters to Be Opened in Dublin
Gemini also plans to expand its workforce after the EU adopted the new Markets in Crypto-Assets Regulations (MiCA), which were formally approved on May 16. Cryptocurrency firm Gemini has revealed that Dublin, Ireland, will be the home of its new European headquarters. On May 25, Tyler and Cameron Winklevoss, owners of the crypto firm, told reporters that the established technology and innovation community, a strong regulatory landscape, and a huge talent pool were all factors that...
Read More »Bank of Brazil Includes 14 Participants in Its CBDC Pilot
The Brazil Central Bank Digital Currency will initially focus on wholesale interbank transaction payment solutions. Banco Central do Brasil (the Central Bank of Brazil) plans to include more participants in its digital currency scheme. The list, released by the bank on May 24, includes the names of all the participants with whom the CBDC digital real is set to launch. The final list of 14 participants was compiled from 36 bids submitted by individuals and collaborating entities, totaling...
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