About a decade ago, no one knew what DeFi was. More so, a good number of mortals did not envisage a $1 trillion market capitalization for the crypto space. Today though, a lot has changed and decentralized finance seems to be the future of finance. While there are many decentralized crypto projects in the space,…
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What defines collateral and value? Recent insights from Caitlin Long, a Wall Street veteran and the Founder and CEO of Avanti Financial Group, took a look at the investment reserve disclosure from Tether Operations Limited, the company behind the USD-pegged stablecoin, USDT. It showed that of the assets used to back and stabilize USDT, only…
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If you go to your favorite online news site almost every day now, one of the top headlines will invariably be about cryptocurrencies. And we’re not just talking about the massive speculative gains that have made many people rich or the subsequent downturn blips that invariably follow. You can find the biggest names in sports,…
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A global survey of Chief Financial Officers has revealed that hedge funds are planning to hold 7% of their wealth in crypto within the next 5 years. Reuters has described the survey results as a major vote of confidence for cryptocurrency assets within the current market environment. The Hedge Funds Crypto Survey Financial administrator Intertrust…
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Billionaire Tim Draper has doubled down on his prediction that Bitcoin will reach $250,000 by the end of 2022. Draper first made this prediction in 2018 when Bitcoin’s price was still trending below $10,000. Being a venture capitalist and tech investor, Draper has always had faith in the coin. Always taking any opportunity he could…
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Ethereum corrected gains from the $2,640 zone against the US Dollar. ETH price is now trading above a major support at $2,500 and the 100 hourly SMA. Ethereum failed to clear $2,650 and started a downside correction. The price is now trading above $2,500 and the 100 hourly simple moving average. There is a key…
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The dedication MicroStrategy’s CEO puts into Bitcoin raises questions even in the crypto sphere. Imagine how people in the traditional financial world feel. Michael Saylor joined CNBC’s “Fast Money” talk show to discuss his controversial game plan. The hosts asked though questions and the CEO answered them with ease. What follows is a play-by-play narration…
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ABBC Foundation just struck a significant partnership with TNC Group’s Real Research project. Since its inception in 2017, the ABBC Foundation has achieved many important milestones so far. To keep to its mission of establishing the ‘Future of Payment Security’, the brand is happy to announce its latest achievement. Signing this new partnership with TNC…
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Bitcoin price is trading in a positive zone above the $40,000 level against the US Dollar. BTC is likely to start a fresh rally if it clears the $41,200 resistance zone. Bitcoin remained in a positive zone above the $39,000 and $40,000 levels. The price is currently well above $39,000 and the 100 hourly simple…
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The price of the shiba inu cryptocurrency rose on Tuesday after Coinbase revealed that the meme cryptocurrency would begin trading on Coinbase Pro this week. Coinbase To Trade Shiba Inu Coinbase announced Tuesday that shiba inu (SHIB) crypto would begin trading on Coinbase Pro this week, after the listing of the meme cryptocurrency Dogecoin (DOGE)…
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