A recent report from the ABA (American Bankers Association) suggests that banks partner with cryptocurrency firms due to the growing client interest and profit in the sector. This 20-pages report provides a detailed analysis of the crypto, including a glossary. It also maps cryptocurrency activities to the bank services and products. The Banker’s association also…
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Wells Fargo had announced earlier in the year that they planned to offer cryptocurrency investments to clients. Something that was referred to as a “professionally managed” cryptocurrency investment. Now the bank has announced that it will begin offering cryptocurrency exposure to its high net worth clients. The Wells Fargo Investment Institute had been working on…
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The developer and co-founder of Ethereum recently urged the community to innovate beyond decentralized finance. He made these statements during a conference that took place in Paris. According to Buterin, non-financial utilities are part of the vision general-purpose blockchains such as Ethereum aims to offer. But he is somewhat disappointed that the ETH blockchain is…
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Kirobo–a blockchain technology company that aims to be the enabler of DeFi, granting people control over their cryptocurrencies–has launched a smart contracts-powered ‘P2P Swap Button’, per a press release on July 27. The P2P Swap Button The button allows for direct peer-to-peer swapping of tokens without the need for a middleman. Typically, the intermediary is…
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Synthetic assets are different DeFi platform tokens that digitally represent real-life derivatives like futures and options. They are created via smart contracts on a distributed and globally accessible blockchain network. Horizon Protocol Horizon Protocol is a DeFi platform for creating on-chain synthetic assets (zAssets) based on real-life financial assets. The protocol is a fork from…
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The derivatives exchange Bitget announced a new Russian version to provide both trade services and customer support in the Russian language — another crucial globalization initiative following its entry into Japan, South Korea, and the Southeast Asia market last year. “Going global is our major strategy in the second half of 2021,” said its CEO…
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Ethereum failed to recover above the $2,500 resistance against the US Dollar. ETH price could accelerate its decline if it fails to stay above the $2,440 support. Ethereum traded below the $2,550 and $2,500 support levels. The price is now trading just below $2,500 and the 100 hourly simple moving average. There is a key…
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It’s the calm before the storm. What to do when the Fear and Greed index turns grey? Warren Buffett already told us to be greedy when others are fearful. We already know that we should be fearful when others are greedy. What should we do when the market it’s at a rare state of balance…
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Bitcoin price extended its decline below the $38,000 support zone against the US Dollar. BTC is now showing signs of an upside correction as long as it is above $38,000. Bitcoin extended its decline below the $39,000 and $38,000 support levels. The price is now trading well below $39,000 and the 100 hourly simple moving…
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Ashton Kutcher recently released a video on Twitter featuring an in-depth explanation about Ethereum from the horse’s mouth. The discussion in the video is between Kutcher, his wife Mila Kunis, and Vitalik Buterin, the founder of Ethereum. Ashton is a venture capitalist and also an actor. His wife Mila Kunis is also an actress, and…
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