In a bold move, British multinational bank Standard Chartered is preparing to launch a trading desk for Bitcoin and Ether, marking its debut in spot cryptocurrency trading among global banks. This strategic step comes after engaging with various players in the digital asset sector and forming partnerships to meet the growing demand for crypto exposure.
Investments
The US Commodity Futures Trading Commission (CFTC) has reportedly launched an investigation into Jump Crypto, a prominent player in the crypto sector. The reasons for this probe have not been disclosed, but sources familiar with the matter have confirmed the federal agency’s interest in Jump Crypto’s trading and investment activities. Response from CFTC and Jump
Reports reveal that Montenegrin Prime Minister Milojko Spajić made a significant investment in Terraform Labs back in April 2018, acquiring 750,000 Luna tokens for $75,000. This move positioned him as the 16th investor during the initial fundraising phase of the cryptocurrency project. Unfortunately, Terraform Labs’ cryptocurrency project failed in 2022, resulting in losses exceeding $40
Growing up in Edo State, Nigeria, with my three siblings has been a journey filled with learning and growth. My parents have been the foundation of my existence, providing unwavering support through the highs and lows of life. Their presence has instilled in me a sense of security and belief that has shaped my outlook
In a recent report by KuCoin exchange’s research arm, it was noted that the cryptocurrency market saw $1 billion in new investments in May. This represents a slight decrease from the previous month, indicating a 6.4% decline in investment figures. However, when compared to May 2023, there has been a 10.61% increase in disclosed investments,
Bitcoin has faced challenges in surpassing the recent all-time high of $73,000, but Bernstein, a prominent brokerage firm, remains positive about the future trajectory of the asset. In a recent report, Bernstein analysts revised their long-term price forecast for BTC to $200,000 by the end of 2025, up from their previous prediction of $150,000 for
Crypto analyst, Sebastian, has made a bold prediction that Cardano (ADA) could potentially rise to $3 this year. One of the reasons he highlighted is Cardano’s partnership with Argentina. The Cardano Foundation’s collaboration with Entre Ríos, a central province in Argentina, is aimed at promoting blockchain adoption in the region. This partnership not only benefits
The New York Attorney General’s office recently announced the resolution of its settlement with Gemini, resulting in the recovery of $50 million for users of the defunct Gemini Earn program. This settlement comes after legal charges were filed against Gemini by the NYAG, alleging that the exchange misled thousands of investors on the risks associated
The native token of Ethena, ENA, has been experiencing a substantial amount of selling pressure in recent weeks. This downward trend in price led to ENA plummeting to $0.73, marking its lowest point since May 20th. The consequences of this sharp decline have been particularly harsh on ENA stakers. The Whale’s Move In a shocking
Prominent crypto analyst Dave the Wave has provided a bullish narrative for Bitcoin, suggesting that the cryptocurrency could rise to as high as $300,000 based on his logarithmic growth channel (LGC) indicator. According to his analysis, BTC’s rally to this unprecedented price level is expected to happen sometime in 2025. This long-term prediction indicates a