Cryptocurrency Analysis and News Portal
Singapore-based multinational banking firm DBS Bank has joined the blockchain trade-finance network Contour, which is built over R3’s Corda. Contour is due for a main-launch later this year.According to a May 11 report by the business news outlet The Business Times, DBS Bank is the first bank from Singapore to
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A new fiat-crypto exchange has launched in India, two months after lifting the country’s stringent ban on banks’ dealings with crypto businesses.The Bangalore-headquartered exchange, dubbed BitPolo, went live on May 6. It was originally founded in March; the same month the Supreme Court ruled against the central bank’s longstanding moratorium
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The Wall Street Blockchain Alliance, or WSBA, announced on April 23 that the proof-of-stake cryptocurrency platform, Algorand, has joined their alliance as a corporate member.According to the post, Algorand is teaming up with many of the tech and finance companies that are working with the WSBA. Their goal is to
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Global markets had a historical day on Monday, as the price of oil dropped below zero and closed the day at -$36 per barrel of crude. The oil crash below zero has never happened in anyone’s lifetime and economists worldwide are uncertain about the future of the world’s financial system
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It’s becoming a little more common for exchanges to have the government’s blessing to trade BTC derivatives.Bitnomial Exchange is the latest to join this mostly private party, having received a so-called “order of designation” from the Commodity Futures Trading Commission (CFTC), granting it the status of a designated contract market.
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In an official announcement dated April 9, 2020, ErisX cryptocurrency exchange announced it had inked an alliance with $8 trillion assets giant Fidelity Investments’ digital currency arm – Fidelity Digital Asset Services – to expand safe and regulated access to crypto-assets for institutional investors. Fidelity Expands Its Crypto Services Suite Per a
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For well over a month now, a great number of countries have been living under lockdowns and stay-at-home orders due to the coronavirus outbreak. Meanwhile, central banks like the Fed, Bank of England (BoE), and European Central Bank (ECB) have funneled trillions into the hands of private financial incumbents. Despite
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Futures linked to the bitcoin market experienced a spike in their volumes this Thursday as the cryptocurrency’s spot rate broke above $7,000.Crypto statist Skew highlighted that trading activity on CME’s and Bakkt’s bitcoin derivatives marketplaces surged by up to $595 million and $27 million, respectively. The move uphill left CME’s
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Institutional traders have long known the benefits of derivatives trading, including leverage and hedging. By trading options markets, one can predetermine maximum gains and losses, even with volatile assets like Bitcoin (BTC). Despite being far more complex, such instruments allow traders to generate gains independent of what happens over the
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U.S.-headquartered bank Citi has upped its investment in the Ethereum-based decentralized trade financing startup Komgo.Kris van Broekhoven, the global head of commodity trade finance at Citigroup, revealed that the bank has “topped up” its equity in Komgo “to allow the company to continue developing,” while speaking with ConsenSys on
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