Gazprombank (Switzerland) has been authorized by FINMA to launch institutional cryptocurrency services in Switzerland. Original
Swiss Arm of Russia’s Gazprombank Launches Institutional Bitcoin Offerings
Month: October 2020
First Mover: Bitcoin Heads for 24% October Gain as US Election Countdown Begins
Bitcoin was lower around $13,400 though on track to gain 24% in October, an impressive performance since U.S. stocks declined 1.6% on the month and gold slid 0.5%. “With the U.S. election just days away, we are going to have to be patient when it comes to headwinds lifting BTC to new multi-year highs,” Matt Blom, head of sales and trading for the cryptocurrency-focused financial firm Diginex, wrote in a note to clients. In traditional markets, European stocks fluctuated and U.S. futures pointed to a lower open. The dollar was steady…
Bitcoin Hitting $20,000 in Early 2021 is “Highly Unrealistic:” Analyst
Bitcoin has every likelihood of touching its previous record high of $20,000. But, one should not expect it to happen in early 2021, says a TradingView analyst. The pseudonymous entity, operating under the alias of ‘XForceGlobal,’ said the significant upside move is “highly unrealistic,” given the public interest in Bitcoin is nowhere near the Google trend levels of late 2017/early 2018. Additionally, the market lacks the hype that propelled the cryptocurrency to $20,000 earlier. That is visible in the lack of fresh capital entering the Bitcoin space in 2020. Nevertheless, bids…
INX to boost its $117M IPO with token listings on global exchanges
INX, a global digital asset trading platform, is expanding its ongoing initial public offering with listings on exchanges worldwide. In a move to boost the liquidity in its $117 million IPO, INX has applied with the Canadian Securities Exchange to list its security token. The listing application is subject to the approval of the CSE, according to an Oct. 30 announcement from INX. According to INX’s representatives, the company expects to list the INX token on many other global exchanges, while the CSE is the first expected. “This will provide…
Huawei Unveils Mate 40 with DCEP Wallet that Supports Digital Yuan
Huawei has pioneered the integration of DCEP hardware wallets in its new Mate 40 5G-powered smartphone series. China-based Huawei Technologies Co Ltd has unveiled its latest Kirin-powered smartphone series dubbed the Mate 40 with additional digital currency capabilities. Per a report from TheBlock, the Huawei Mate 40 smartphones which come with an integrated 5G capability also have an inbuilt hardware wallet to support the Chinese government’s Central Bank Digital Currency also known either as the Digital Yuan or Digital Currency Electronic Payment (DCEP). The synergy between the government of China…
Over 28.4M UNI Users Vote for Uniswap Phase One AirDrop
The phase one Uniswap airdrop proposal was brought forth by the Dharma protocol. It claimed that its users were left out during the prior distribution. A day to the end of the Uniswap Phase one voting process, Uniswap users have overwhelmingly voted for the proposal that will see around 12,619 distinct addresses receive 400 UNI tokens via an airdrop. At the time of writing, 28,442,970 Uniswap users had voted for the proposal while 1,269,462 Uniswap users had voted against the proposal. Hereby indicating a higher chance of the proposal being…
Ant Group Sets Record with 1.5M Retail Investors Rushing for Its IPO
Ant Group raised over $34.5 billion in Hong Kong and Shanghai. The company recorded a huge retail investors bid of $3 trillion which equals the Gross Domestic Product (GDP) of the United Kingdom. Ant Group, a company that is in charge of the biggest payment platform in China records a mad rush for its stock in its IPO as a huge interest set in among both institutional and retail investors. This is groundbreaking as many speculated that the upcoming U.S. presidential election set next week would have a negative effect…
Circle CEO Claims to Buy BTC on PayPal before Crypto Services Launch
Circle CEO Jeremy Allaire claimed to have purchased $100 in BTC on the payment app. PayPal is yet to comment on Allaire’s claim. The CEO of Circle Internet Financial Limited Jeremy Allaire claimed to buy Bitcoin (BTC) worth $100 on PayPal Holdings Plc (NASDAQ: PYPL) in a tweet. Notably, PayPal said in an official announcement that its crypto payment services would begin globally in early 2021. Bought $100 in BTC on @PayPal ! Great milestone for the market! pic.twitter.com/jsxAxTpGgK — Jeremy Allaire (@jerallaire) October 28, 2020 Circle CEO Claims to…
114% Revenue Growth, Investments from Ripple
In Q3 2020, MoneyGram continued to receive huge “market development fees” from its investors. Its major partner Ripple handed over $9.3 million over the period. Money transfer company MoneyGram International Inc (NASDAQ: MGI) has joined other firms that shared their Q3 2020 financial results. The company has delivered its third-quarter earnings, amazing analysts with the figures. For Q3 2020, MoneyGram has reported total revenue of $323.2 million, $297.6 million of which was brought by money transfers. Besides, it saw a 123% year-over-year increase in operating income, as well as an…
U.S. Top Tech Firms Sees Solid Performance amid COVID-19 Uncertainty
Of the top tech firms, Alphabet seems to be the most threatened as there are reports that the authorities may force the splitting of Google to shrink its outright dominance in the search engine and advertisement niche. It’s the season of financial earning releases and the top tech U.S. firms have reported a profitable quarter but sounding a cautious note on future performances as a result of the resurging cases of the coronavirus pandemic and its potential economic implications. The top tech firms including Amazon.com Inc (NASDAQ: AMZN), Apple Inc…