Tag Archives: social

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...

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...

Square, the financial service company run by the BTC bull Jack Dorsey, has nearly doubled its gross profit in the second quarter of 2021 compared to the same part of last year. Interestingly, a substantial part of that increase came from the company’s Bitcoin-related services, which have blossomed since the start of 2021. Square’s Gross Profit Skyrockets The firm, based in San Francisco, announced the impressive numbers in its Q2 2021 report sent to investors recently....

In recent months, the NFT market has witnessed significant growth in the number of investors getting on board, allowing artists and art enthusiasts to gain access to the global digital art market. Although non-fungible tokens are a relatively new asset class in the crypto space, they have continued to outlive the hype as millions of dollars are being poured into the market daily. OpenSea’s Trading Volume Hits Record High Over the last 48 hours, trade volume on OpenSea, the...

11 mid-sized cryptocurrency trading venues in South Korea will reportedly cease their operations after the country’s watchdog identified that they operate their businesses illegally. The names of the exchanges remained undisclosed. Chain of Reaction in South Korea According to a recent report by The Korea Held, 11 mid-sized cryptocurrency platforms will soon shut down as the Financial Services Commission established that they run their operations without the needed...

Gabriel Makhlouf – the Central Bank of Ireland Governor – believes cryptocurrencies could negatively impact the European financial stability. He also stated that the Eurozone is very close to launching its own CBDC, indicating that “it’s not a question of if but rather how and when.” Are Digital Assets a Threat to The EU? In a recent blog post, CBI’s Governor Gabriel Makhlouf spoke rather contradictory about virtual currencies and their function. The top banker warned that...

The Bitcoin fear and greed index, which tracks the community’s general sentiment on the primary cryptocurrency, has gone into a state of greed for the first time in nearly three months. This comes as BTC’s price has gone on a tear in the past few weeks, adding more than $10,000. Greed Among Bitcoin Investors The fear and greed index is a popular metric that follows several aspects within the cryptocurrency community to determine the general feelings towards BTC and other...

According to a new law coming into effect next week, some German investment funds will be able to hold up to 20% in digital assets. This comes amid growing demand from various institutions towards the industry. Germany’s Next Crypto Move As per a Bloomberg report from July 30th, Spezialfonds – German investment funds with fixed rules – will be able to allocate as much as 20% of their holdings in digital assets. Those funds reportedly manage around 1.8 trillion euros or $2.1...

The bitcoin bulls continued their offensive in the past 24 hours as the asset reached yet another 2-month high of over $42,500. Most alternative coins have outperformed their leader, including ETH, BNB, and DOT, which has jumped by more than 16% in a day. Green Altcoins; DOT Adds 16% of Value The altcoins were relatively stagnant yesterday, but the situation is significantly different today. Ethereum traded around $2,450, but a 6% increase has driven it to approximately...

The multi-asset investment platform, eToro, which plans to go public later this year, has listed Shiba Inu (SHIB). The company argued that the decision came following substantial demand from customers. Founded in 2006, eToro is an Israeli social trading and multi-asset brokerage company with offices in several European countries, the US, and Australia. The firm announced the listing of Shiba Inu (SHIB) in a press release shared with CryptoPotato. The statement reads that the...