Cryptocurrency Analysis and News Portal
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
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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.
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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
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Investment firm Victory Capital Management has filed an application with the U.S. Securities and Exchange Commission for a cryptocurrency exchange-traded fund.In a Form S-1 registration filed Tuesday with the regulatory body, Victory said it intended to move forward with listing an exchange-traded fund, or ETF, tracking the Nasdaq Crypto Index.
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The price of Axie Infinity's native token AXS surged on Wednesday despite a lackluster upward momentum elsewhere in the cryptocurrency market.The AXS/USD pair rose to as much as $44.96 following a 16.44% intraday jump. Nonetheless, the strong upside move came as a part of a sideways trend that saw AXS
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Despite a strong profit and raising its guidance for the year, General Motors announced second-quarter earnings, which did not meet Wall Street’s estimates.General Motors (NYSE: GM) posted second-quarter (Q2) earnings of $34.2 billion in revenue and $1.97 in adjusted EPS, which missed Wall Street expectations. In comparison, Wall Street projected
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Blockchains provide a trust-free anonymous intermediary for objective transactional actions, putting wealth transfer back in the hands of the individual and out of the hands of centralized control. This, unsurprisingly, has stepped on the toes of a number of governments. To make matters worse, supporting this technology can be misconstrued as
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