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The banking industry will most likely try and capitalize on the demand for stablecoin deposits on the back of the market’s exponential growth, Morgan Stanley’s lead cryptocurrency strategist, Sheena Shah, said in a report.Some notable features of these coins is that they provide access to crypto-deposit interest rates and decentralized
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Crypto payment gateway Bitfinex Pay has integrated with MetaMask, the popular browser and wallet extension powered by ConsenSys, potentially opening the door to tens of millions of users. The integration, which officially went live on Friday, gives MetaMask’s more than 10 million active users access to Bitfinex Pay. By logging into
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Tinkoff Investments, the online brokerage of major Russian private bank Tinkoff, is researching cryptocurrency investment services despite the Bank of Russia withholding the bank from launching such tools.Tinkoff Investments head Dmitry Panchenko claimed that the bank’s brokerage portal is considering projects related to cryptocurrency investment but it’s too early to
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Asset managers, hedge funds, and high net-worth individuals (HNWIs) have been dipping their toes in cryptocurrencies. DeVere Group CEO Nigel Green recently said that there is a “growing retail and institutional demand for cryptocurrencies because it is becoming increasingly clear that the shift towards borderless, global digital currencies is inevitable.” Convenience
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Individual trade data on Binance also shows that the average bitcoin trade size rose to $2,500 from $2,000 between Oct. 8 and Oct. 13, a multi-month high. On Oct. 10, as buy orders on Binance exceeded sell orders between 2:00 UTC and 5:00 UTC, bitcoin’s price went up to around
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“For us, honestly it’s just not a huge part of the business,” CEO James Gorman said on the bank’s earnings call. Oct 14, 2021 at 2:12 p.m. UTCUpdated Oct 14, 2021 at 7:47 p.m. UTCJames Gorman, CEO of Morgan Stanley (Simon Dawson/Bloomberg via Getty Images) Original Source
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A deficit in crypto talent is pushing salaries up in Indian companies engaged with the domestic and global blockchain industry, local media reported quoting data from recent studies. Demand for professionals in the field has been growing rapidly in the past year. Crypto Experience Can Bring up to $100,000 in
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On Wednesday, October 13, 2021, the market capitalization of all the stablecoins in existence is around $134 billion, which is 5.60% of the entire $2.4 trillion crypto economy. While centralized stablecoin projects dominate the pack of dollar-pegged tokens, a great number of decentralized stablecoins have been moving in on these
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South Africa’s Department of Justice and Constitutional Development (DOJCD) has denied claims that it has received a 50 bitcoin ransom demand from hackers that attacked its systems on September 6, 2021. Reports of Ransom Demand Deemed ‘Completely Untrue’ Instead, the DOJCD insists that its tech experts, “industry partners and selected organs
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In a recent development, Coinbase issued a junk bond, and the market seemed to be hungry for the instrument. Currently, the US crypto exchange is recording more demands for these bonds every day. With these demands, the crypto exchange’s sales have grown from $1.5B to $2B. Bonds are fixed investments that
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