During the course of the early morning trading sessions on Thursday (EST), 24-hour statistics show the crypto economy dropped more than 11% in value against the U.S. dollar. While the leading crypto asset bitcoin shed close to 10%, a myriad of alternative digital assets lost close to 20% in value. The crypto market downturn is being blamed on Russia invading…
On Thursday, Russia launched a full-scale invasion of Ukraine on multiple fronts, prompting a swift response from the Ukrainian government as it mobilized troops, armed civilians and called upon world leaders to come to its aid. The same day, the Ministry of Defense of Ukraine began accepting donations for its armed forces by setting up a designated bank account for…
The European Union (EU) is reportedly drafting regulations that could result in a ban on proof-of-work cryptocurrency mining across the union’s 27 member states. The proposal forms part of the EU’s upcoming Markets in Crypto Assets (MiCA) legislation that will govern the regulation of cryptocurrencies in the EU. Per CoinDesk, a draft MiCA package up for discussion includes a provision…
London-based crypto-centric fintech Elwood Technologies has signed a deal for a “strategic integration” with Bloomberg’s Asset and Management Investment Manager (AIM). Per a press release issued by Elwood, the integration will see Bloomberg’s AIM tool offer clients the crypto capabilities provided by Ellwood’s crypto trading platform. The Bloomberg buy-side order management system is currently used by 15,000 institutional clients who…
We’re excited to announce that Kraken now supports pSTAKE! Funding and Trading You can add PSTAKE to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Trading will begin February 24. Here’s what you need to know: Ticker PSTAKE Tradeable against EUR, USD Price precision 4 decimal places Deposit confirmations required 20 (5 minutes) Not available…
In brief DAO infrastructure project Squads has launched on Solana’s mainnet. The project has also raised $5 million in a round led by Multicoin Capital. DAOs have been a hot topic in the crypto world in recent months, with the vast majority of them currently being built on Ethereum. But with today’s launch of collaborative infrastructure protocol Squads, rising alternative…
As some industry executives have questioned Bitcoin (BTC) as being the digital gold amid a massive market crash on Thursday, other experts continued to support the digital gold narrative for now, or until whale investors like MicroStrategy cash out. Ki Young Ju, CEO of South Korean on-chain analytics resource CryptoQuant, took to Twitter on Thursday to report that his platform…
Robert Gryn is a serial entrepreneur who has built a high-tech Metaverse scanner which he hopes will act as a portal from our physical reality into the Metaverse. It is no secret that the physical world is beginning to merge with the digital, and that blockchain is serving as the arbiter of reality in many of these nascent metaverses. Gryn,…
The Swiss crypto bank, SEBA Bank, was recently granted a license to operate in the Abu Dhabi Global Market (ADGM), the UAE’s financial center. The license allows SEBA to conduct regulated services. SEBA’s Strategy The Swiss-registered digital asset bank, SEBA Bank, has been granted a license that allows it to operate in the UAE’s international financial center, the Abu Dhabi…
The ongoing Bitcoin (BTC) price correction could continue as per almost a century-old technical analysis principle called “Elliott Wave Theory.” The interim bearish outlook put forth by the Elliot Wave Theory appeared as Bitcoin tumbled below $35,000 amid the Russia-Ukraine conflict. Bitcoin wave fractal eyes repetition The theory, which divides a price cycle into two sets—one consisting of five upward-trending…
