A popular commission-free trading site, Robinhood will wait for regulatory clarity before listing other cryptocurrencies including Shiba Inu, a meme-based cryptocurrency as requested by a lot of users. During the wall street journal’s virtual CFO Network Summit, Jason Warnick, Chief Financial officer of Robinhood said that before adding new related tokens the company needs to … Read more
JPMorgan Chase & Co., a global investment bank, has released a report on the future of crypto markets, which includes Ethereum upgrades, decentralized finance (DeFi), and non-fungible tokens (NFTs). Cryptocurrency marketplaces, according to the bank, are becoming increasingly relevant to financial services. On Friday, JPMorgan analyst Kenneth Worthington released a report on the crypto market’s … Read more
Polymarket, a crypto forecasting website headquartered in New York City, has agreed to pay a $1.4 million fine to the Commodity Futures Trading Commission (CFTC). The company, whose popularity soared during the global epidemic, has been operating an unregistered service that allows people to gamble on the future outcome around since June 2020 which filed … Read more
The Central Bank of Russia (CBR) is requesting information from banks and other financial institutions on a variety of financial transactions involving private individuals, includes cryptocurrency investors. The regulation is likely to have an impact on online crypto exchangers, whom the authority accuses of operating illegally. The Central Bank of Russia (CBR) intends to collect … Read more
People should avoid fiat currencies like the dollar and euro and instead invest in bitcoin, according to Mexico’s third-richest billionaire. He referred to fiat money as false money made of paper and lies,and said that central banks are producing more money than ever before. Ricardo Salinas Pliego, Mexico’s third-richest billionaire, offered some advice in a … Read more
Pantera Capital participated in a $15 million Series A fundraising round for Arcade, a platform that allows users to use nonfungible tokens (NFTs) as lending collateral. The platform’s collateralization of NFTs, according to Lauren Stephanian of Pantera Capital, could entice institutional investors to participate. Pantera, Golden Tree Asset Management, Franklin Templeton Blockchain Fund, Protofund, Castle … Read more
As part of the Dubai government’s efforts to develop new economic sectors, the Dubai World Trade Centre (DWTC) will become a crypto zone and regulator for virtual assets and crypto, which will include digital assets, goods, operators, and exchanges. Another government-backed project in Dubai attempts to create a favorable climate for the cryptocurrency business. With … Read more
Trading platform Robinhood is creating a cryptocurrency gifting platform that will allow customers to send bitcoin, dogecoin, ether, bitcoin cash, and litecoin to friends and family. Gifts are commission-free, just like crypto trading, and users can send as little as $1 in cryptocurrency. Robinhood Crypto’s Cryptocurrency Gifts Program is set to debut on Thursday, according … Read more
Some analysts are predicting “choppy” markets as the remainder of 2021 as the price of Bitcoin is pegged down to $48,000. The future prediction of the Global economy and inflation concerns are intimidating Bitcoin and Altcoin prices and as we can see that Greed Index and Cryptocurrency are in the ‘Fear’ zone where it has … Read more
AscendEX’s hot wallet was hacked, and several millions of dollars in Ethereum (ETH), Binance Smart Chain (BSC), and Polygon-based (POLY) assets were looted. AscendEX, a worldwide virtual assets trading platform, has just reported a $77.7 million loss as a result of the latest hot wallet vulnerability, which allowed hackers to acquire direct exposure and then … Read more
