Cryptocurrency Analysis and News Portal
With crypto regulation reportedly set to ramp up in Australia over the next 12 months, Kraken Australia’s Managing Director Jonathon Miller thinks that a strict crypto regime could stifle local competition. The Senate Committee on Australia as a Technology and Financial Center, led by crypto-friendly Senator Andrew Bragg tabled 12
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South Korea’s nonfungible token (NFT) space has rapidly expanded throughout 2021 led by the growth of crypto and NFT services offered by Kakao, but competitors are entering the fray.The NFT market in South Korea could be on a path for even more expansion following the Nov. 5 government ruling that NFT
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This finding, which the blockchain data firm published Tuesday, showed that as cryptocurrency exchange competition has intensified, the crypto market – especially large, sophisticated crypto traders – has favored exchanges with high innovation and scalability. Source
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Bank of America’s chief operating officer does not see cryptocurrency as competition. Instead, he views it as an asset class, noting that “people like it for all sorts of different reasons.” Bank of America’s COO on Crypto: ‘I Don’t View It as Competition at All’ Bank of America COO Tom Montag talked
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Digital Currency Group (CoinDesk’s parent company) is planning to hoover up to a billion dollars worth of Grayscale Bitcoin Trust (GBTC).With subsidiary Grayscale’s flagship product facing sudden competition for brokerage accounts’ bitcoin dollars, the crypto conglomerate increased its GBTC buy range by $250 million, DCG announced Wednesday. It said it
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Grayscale Investments, known for its Grayscale Bitcoin Trust (GBTC), is planning on filing an application to convert its flagship fund into a spot ETF early next week. Grayscale, which has been the dominant player in the digital asset space, is now looking to revamp its fund due to competition. First Bitcoin
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Last week, the People’s Bank of China (PBoC) took another firm step toward limiting the use of decentralized digital assets, “vow(ing) to end illegal mining and stop offshore exchanges from conducting business with its citizens.” From their latest moves, they have made any transaction in cryptocurrencies other than the digital
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A strategist at JPMorgan stated that ether’s fair value is way lower than its current price. According to a set of measurements based on network activity, he calculated ether’s value at $1,500, 55% lower than its market price. One of the reasons argued for this assessment, is that Ethereum is
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Cryptocurrency exchanges are fundamental infrastructure elements that play an important role in the cryptocurrency market ecosystem. Like other significant projects, exchanges and exchange protocols have their own native cryptocurrencies, which are used within the ecosystem of the exchange’s products, and can also reflect their financial status. In July, the KCS
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