Sir Jon Cunliffe (deputy governor for financial stability, Bank of England) discussed cryptocurrency regulations and risks this week at the residence of the British High Commissioner in Singapore. An executive at the Bank of England warned: Assets that have no intrinsic value…are only worth what the next buyer pays. They are inherently volatile and very susceptible […]

Despite the cryptocurrency market still reeling from the collapse it has gone through in the past weeks, major financial institutions are increasingly recognizing the opportunities that the new asset class can offer. One of them is the banking giant Goldman Sachs (NYSE: GS), which has executed the first block trade of Bitcoin ( BTC) futures in Asia, through the intermediation of […]

Bitcoin traded at $20,800, 5% higher than it was 24 hours ago. Ethereum saw a 6.4% increase in trading volume to $1130 during the same period. The top 10 altcoins are increasing from 3.5% (XRP), to a remarkable 15% (Solana). According to CoinMarketCap the total cryptocurrency market capitalization rose 5% to $914bn Tuesday’s cryptocurrency fear and greed index remained […]

After unveiling the first cryptocurrency bill, Cynthia Lummis, a United States senator from Wyoming, referred to Bitcoin ( BTC) as the “hardest money ever made” in just a few seconds. Lummis stated during an interview with CNBC’s SquawkBox Show that Bitcoin offers the potential to diversify portfolios and act as a store value. Lummis was answering a question about her […]

According to a report from Nikkei Asia, Sumitomo Mitsui Trust (Japan’s second-largest bank) is creating Japan Digital Asset Trust to provide custodial services to bitcoin and other cryptocurrency for institutional clients. According to reports, the new company will keep assets such as bitcoin and other cryptocurrency for corporations and large investors because it believes that investors […]

Many cryptocurrency continue to gain popularity and ill-intentioned users advertise fake giveaways of the most famous token. These users may be able to access the wallet of the winner to take out any valuable assets. Twitch started rapidly displaying Bitcoin ‘giveaway streams in November 2020. They used old Elon Musk clips to get viewers to jump to the […]

Ukraine’s largest bank in terms of assets, Privatbank, has prohibited its clients from transferring funds in Ukrainian hryvnia, the national fiat currency, to exchanges trading cryptocurrencies. The temporary ban has been introduced on March 16. According to a statement, quoted by the crypto news outlet Forklog, the measure stems from a resolution issued by the […]

The Bank of Spain approved Bit2me as the first platform to be officially recognized in the country as a virtual asset service provider (VASP). Bit2me, a Spanish-based cryptocurrency platform, was granted the license to operate in the country. It has worked closely with the regulator to prove it meets the legal requirements. The exchange proclaimed, and stated […]

Last year’s $100K price predictions were silent for the last month in 2021. However, Bitcoin (BTC), price forecasts are beginning to emerge again this year. The Fsinsight Fundstrat firm claims that BTC could rise by nearly 500% to $200K per unit from its current price point. Fsinsight’s head for digital asset strategy, Sean Farrell, has provided the BTC prediction. Fundstrat and Fsinsight are both bullish […]