Looking at Bitcoin’s indomitable rise, traditional banking institutions have been compelled to offer Bitcoin services to their clients. America’s two banking giant’s Goldman Sachs and Citi Group have announced offering Bitcoin derivative products and custodial solutions to its users. As Bloomberg announced, Goldman Sachs is all set to offer Bitcoin derivatives to Wall Street investors.
Bitcoin (BTC) hasn’t participated much in the recent market as it has been an altcoin-driven rally off lately led by Ethereum (ETH) and Dogecoin (DOGE). The BTC price has been consolidating for a long time around $55,000 and holding its market cap just above $1 trillion. However, if we look at the steep increase in
After enough internal testing locally, the Chinese central bank – The People’s Bank of China (PBoC) – is all set to take its CBDC Digital Yuan global. As per the recent report from the South China Morning Post, the payments giant Mastercard is currently in talks with PBoC to facilitate the cross-border transactions for Digital
The veteran cryptocurrencies are back to maintaining their legacy! Bitcoin’s first off-shoot Bitcoin Cash (BCH) has surged 28% in the last 24-hours making its entry back in the top-ten crypto list. As of press time, Bitcoin Cash (BCH) is trading at a price of $1350 with a market cap of $25.2 billion becoming the ninth-largest
This week Ethereum (ETH) rallied all the way above $3500 levels hitting its new all-time high and pushing its crypto market dominance to 17%. In its journey upwards, Ethereum has toppled many big financial giants like Mastercard (NYSE: MA), PayPal (NASDAQ: PYPL), and Bank of America (NYSE: BAC). However, despite a massive 4x run-up this year
Galaxy Digital Holdings, the crypto investment firm founded by Wall Street veteran Mike Novogratz is making a bold move in the crypto space. In a recent development, the cryptocurrency financial services provider announced the acquisition of the world’s leading crypto custodian BitGo. As per Galaxy Digital, this acquisition will provide the firm with major mileage
After failing to cross the $59,000 market earlier this week on Monday, Bitcoin (BTC) has been trading sideways correcting almost 10% since then. At press time, the BTC price is trading 1.64% negative at $54,827 with a market cap of $1.024 trillion. However, the BTC downward pressure hasn’t deterred the whales from accumulating more Bitcoins.
The altcoins market is bustling with new all-time highs and crypto scammers are once again round the corner. Members of the popular WallStreetBets Reddit forum were recently targeted by a spammy and dummy Telegram group duping investors of $2 million in losses. In the latest crypto scam, a dummy Telegram account dubbed ‘WallStreetBets Crypto Pumps’
In a massive 30% gain today, Dogecoin (DOGE) has surged all the way past $0.50 to become the fourth-largest cryptocurrency by market cap. At press time, DOGE is trading at a price of $0.53 with a market cap of $69.3 billion. Well, Dogecoin has also flipped some of the big tech giants like Twitter on
Popular lifestyle magazine Playboy is putting its step into the crypto ecosystem and within the much popular NFT market. Joining hands with blockchain-powered auction hub Nifty Gateway, Playboy has launched its first-ever digital art NFT collection. Starting today, May 4, Playboy will host its virtual art gallery showing up its NFT work. All these Playboy
After a long wait, crypto exchange Coinbase has finally added support for the most popular stablecoin Tether (USDT). The Coinbase announcement came just a few minutes back noting that the exchange supports USDT stablecoin for its Android and iOS applications. As per the announcement, Coinbase customers can “buy, sell, convert, send, receive, or store USDT”.
After attaining $59,000 levels on Monday, May 3, Bitcoin has slumped back 4.5% and is currently trading at $55,677 with a market cap of $1.042 trillion. Although Bitcoin seems under selling pressure at this point, its on-chain fundamentals clearly point that the world’s largest crypto is undervalued at this stage. Bitcoin’s Network Value to Transaction
Etheruem (ETH) has stormed the crypto market clearly hitting new all-time highs every single day. The ETH price touched an all-time high of $3194 earlier today toppling some of the top financial institutions like PayPal and Bank of America. The ETH performance over the last month has been nothing short of pathbreaking. In fact, it
Co-founded by consulting giant Accenture, The Digital Dollar Project (DDP) is all set to kickstart pilot tests for the U.S. central bank digital currency (CBDC) over the next year to test its design and use cases. For this, Accenture has entered a non-profit partnership with the Digital Dollar Foundation. The report comes just at a
The world’s second-largest cryptocurrency Ethereum (ETH) is roaring past new highs every single day. After hitting the $3000 milestone earlier today, ETH is now trading 10% up at a new all-time high of $3194 and a market cap of $369 billion. This ETH price rally has been backed by strong fundamentals as well as with
The world’s second-largest cryptocurrency has smashed past its historic milestone of $3000 today! At press time, ETH is trading at a price of $3052 with a market cap of $353 billion. The ETH price rally has been historic since the beginning of 2021. Just over the last four months, ETH has surged 4x or delivered
While the crypto market has advanced to new innovation and development, it continues to marred with phishing and hacking attacks. Recently, Spartan Protocol – a community-driven platform incentivizing deep liquid pools – reported a fresh attack from online hackers. As per the information provided by Spartan, the hackers exploited an economic route to siphon $30
Etheruem (ETH) continues its march to the moon with consistent 5% growth every single day. At press time, Ethereum (ETH) is trading at a new all-time high of $2946 with a market cap of $340 billion. The world’s second cryptocurrency is looking to cross the key milestone of $3000 for the first time in its
A lot has been going on currently in Turkey’s crypto landscape. A day after arresting 6 people involved in the Thodex exchange crypto scam, on Saturday, May 1, Turkish regulators added crypto exchanges to the list of crypto firms that are now subject to the country’s money laundering and terror financing laws. After the billion-dollar