Category: Blockchain

The Chief Executive Officer of Morgan Stanley, James Gorman, has stated that crypto assets are not a fad and are not going away.  Mr. Gorman made such remarks in the company’s third-quarter earnings call on Thursday, October 14, after an equity analyst asked him how the bank intends to engage with customers dealing with digital

As key Chinese regions, including Xinjiang and Inner Mongolia that boasts of many Bitcoin miners, have grown desolate, a new superpower has emerged. According to a report from Reuters, citing data published on Wednesday by Britain’s Cambridge Centre for Alternative Finance, the United States now ranks as the largest Bitcoin mining hub with 35.4% of the global

The Financial Stability Board (FSB), a G20-backed think tank, has cited the duo of government-issued Central Bank Digital Currencies (CBDCs) and stablecoins as key drivers in pursuing a better cross-border payment system.  A recent report published by the FSB highlights the projected roadmap in the buildup to facilitate a switch to sustainable payment models. The

The Deputy Governor of the Bank of England (BoE), Sir John Cunliffe, has pointed out that digital currencies are viable enough to push “radical improvements in financial services.” Speaking to the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the banking veteran said the potential of the nascent assets does not negate the fact they have

San Francisco-based digital asset trading platform, Coinbase has announced the launch of its Non-Fungible Token (NFT) marketplace targeted to empower digital artists and promote the mainstream adoption of the NFT metaverse. According to a recent blog post shared by Sanchan Saxena, VP of Product, Ecosystem, said the Coinbase NFT marketplace will function as: “A

Russian senior finance officer Tuesday said the government will not follow China’s comprehensive ban on cryptocurrency and has no plans to prohibit citizens from cryptocurrencies trading in the foreign exchange market, according to local media reports. Speaking in an interview, Russian Deputy Finance Minister Alexei Moiseyev stated that the Russian authorities would continue to prohibit cryptocurrency

Binance, the world’s largest cryptocurrency exchange, announced Wednesday that it will terminate Customer to Customer (C2C) Chinese Yuan (CNY) trading before the end of this year.   The latest action from Binance is considered a backlash in response to China’s latest crypto ban. Although Binance has withdrawn from the Chinese mainland market in 2017, it still allows users to

Cryptocurrency investors may have to wait longer for an exchange-traded fund that is directly tied to physical cryptocurrency or its futures contracts, according to Todd Rosenbluth, senior director of the ETF and mutual research company CFRS. Speaking in an interview with CNBC’s ETF Edge on Tuesday, October 12, Rosenbluth disclosed that although a Bitcoin futures

Ethereum (ETH) was down by 1.7% in the last 24 hours to hit $3,459 during intraday trading, according to CoinMarketCap. Nevertheless, Ethereum non-exchange whales have been accumulating more coins, which signifies a holding culture. On-chain metrics provider Santiment explained: “Ethereum’s top 10 non-exchange whale addresses keep climbing, while the top 10 exchange addresses are

Kentucky-based digital asset lending platform Celsius Network has announced its latest $400 million fundraisers as investors shun the firm’s uncertain regulatory cloud. The Big Name Backing According to the Celsius announcement, this funding round is led by WestCap, a growth equity firm, and Caisse de dépôt et placement du Québec (CDPQ), a global investment group.