Blockchain - The Urban Mine

BNY Mellon’s Subsidiary Insight Investment Doubts about Bitcoin as Payment Medium

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Posted on June 30, 2021

Despite the Bank of New York Mellon (BNY Mellon) becoming the first global bank that allows customers to hold, transfer, and issue digital currencies, Insight Investment, a subsidiary of BNY Mellon, reveals its sceptical attitude towards Bitcoin as the means of payment. Insight Investment stated that Bitcoin might not suit most institutional investors due to

Bitcoin Needs to Sustain the Level Around $32.2-33K as Support to Strengthen an Upward Momentum, says Market Analyst

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Posted on June 30, 2021

Bitcoin (BTC) was down by 1.48% over the last 24 hours after hitting the $36K level, with a price of $34,615 during intraday trading, according to CoinMarketCap. BTC has been consolidating between the $30K and $40K range for more than two months, although it nosedived from an all-time high of $64.8K recorded in mid-April. Furthermore, the

South Korea Top Four Crypto Exchanges Launch Joint Venture To Abide By AML Regulations

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Posted on June 30, 2021

Four major crypto exchanges in South Korea have joined hands to establish a joint venture to fight against money laundering. The heads of Bithumb, Korbit, Coinone, and Upbit signed a memorandum to form a system, which will enable them to adhere to the travel rule. Complying with the travel rule The travel rule is a

Decentralized Lending Platform Cream Finance Announces Integration with Polygon Network

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Posted on June 30, 2021

Decentralized lending platform Cream Finance officially announced that it would combine with Polygon to launch its money markets on the Ethereum layer 2 scaling solution Polygon network. The integration with Polygon will help Cream Finance users to enter and trade in different markets with faster transaction speed and lower gas fees. According to official reports, users

Ethereum’s Daily Active Addresses Surpass Bitcoin for the First Time in Crypto History

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Posted on June 29, 2021

As Bitcoin (BTC) continued to consolidate, Ethereum (ETH) gained momentum and breached the psychological price of $2,100. Ethereum has been surged by 12.47% in the last 24 hours to hit $2,130 during intraday trading, according to CoinMarketCap. As a result, ETH made history by surpassing Bitcoin’s daily active addresses, as acknowledged by Santiment. The crypto

DOGE Slightly Increases after Elon Musk Supports Dogecoin’s Proposed Changes

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Posted on June 29, 2021

The price of dogecoin (DOGE) experienced a slight increase from $0.242 to $0.266 after Elon Musk, the founder and CEO of Tesla Inc, tweeted himself and showing his support an update to the proposed average transaction fee for dogecoin. According to Coinmarketcap, dogecoin, the sixth-largest cryptocurrency with a market cap of $33,504,861,679, has risen by

Bitcoin Needs to be Consolidated at $35K Level, Analysts predict

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Posted on June 29, 2021

Bitcoin was up by 1.78% in the last 24 hours to hit 35,215 during intraday trading, according to CoinMarketCap. Bitcoin (BTC) has been consolidating between the $30K and $40K range for more than two months, although it nosedived from an all-time high of $64.8K recorded in mid-April. Furthermore, the leading cryptocurrency recently dropped to lows of

Mexico Turns Bitcoin Development Down after Billionaire’s Crypto Pitch

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Posted on June 29, 2021

Mexico financial regulatory authorities issued a joint statement Monday, prohibiting financial institutions from using cryptocurrencies like Bitcoin (BTC) in the financial system in the country. The statement just came a day after Mexico Billionaire Ricardo Salinas Pliego’s comments over the weekend, who claimed to develop his bank Banco Azteca as the first financial institutions to

Cathie Wood’s Ark Investment Has Partnered with 21Shares for a Joint Bitcoin ETF

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Posted on June 29, 2021

Cathie Wood, a top wall street investor and founder and CEO of ARK Investment management firm, has cooperated with 21Shares, an issuer of European exchange-traded products, to apply for the Bitcoin ETF-Ark21Shares ETF. According to a document from the United States Securities and Exchange Commission (SEC) on Monday, June 28, the ETF will be listed

Banking Giant Morgan Stanley Purchases 28,289 Shares of Grayscale Bitcoin Trust

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Posted on June 29, 2021

According to the U.S. Securities and Exchange Commission document, the US leading investment bank Morgan Stanley is buying 28,289 shares of Grayscale Bitcoin Trust through its European Opportunity Fund. The document shows that up to 25% of each fund’s portfolio can invest assets in Bitcoin. The European Opportunity Fund includes European companies in technical and non-technical fields and other

Category: Blockchain