Bitcoin (BTC) put in fresh gains overnight into May 31 as the monthly close looked set to seal losses of around 15%. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Asks stack up above $33,000 Data from Cointelegraph Markets Pro and TradingViewย showed BTC/USD consolidating once more after a fresh burst took it to $32,200 on Bitstamp. The pair thus capped a second day of more bullish momentum, this nonetheless failing to impress analysts, who widely believed that the moves were untrustworthy. Those misgivings continued on the day, amid discussions over whether…
Day: May 31, 2022
Crypto Exchange Upbit Operator Sees 47% Decline in Q1 Revenue
Cryptocurrency exchanges are now facing the wrath of the declining market sentiment. Dunamu, the operator of South Korean crypto exchange Upbit, reported the first quarter of 2022โs operating profit at 287.8 billion won ($232.75 million), which was a yearly decline of 46.9 percent. According to a report by The Korea Times, the sales of the company also dropped by 28.6 percent in the three months. โOur sales and revenue fall is attributable to tightening global ย liquidityย Liquidity The term liquidity refers to the process, speed, and ease of which a…
Top 30 Panama Bank is โBitcoin friendly,โ welcomes crypto services
Panamaโs path to crypto adoption is stepping up a gear. Towerbank, a Panamanian financial institution with over 200 employees and 40 years of banking experience, has declared itself Bitcoinย (BTC) friendly, paving the way for crypto accounts.ย In a series of tweets and leaks from a blockchain meetup in Panamaโs capital, Panama City, the bank is opening the floodgates to the crypto community. During the blockchain meetup hosted by the Chamber of Digital Commerce and Blockchain of Panama on Thursday, representatives from Towerbank invited crypto enthusiasts to open accounts at the…
Terra's New Luna Token Surges 40% After Listing on Binance
The newly-minted Luna token has risen by 40% after it was listed on Binance. Source
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Analyst Hints Huge Chances For Ethereum Killers To Surge, Sides With Solana And AVAX
Two Ethereum killers are on the brink of price rallies; they include Avalanche (AVAX) and Solana (SOL). Pentoshiโs Stand On Solana And Avax Pentoshi, a pseudonymous crypto pundit and analyst, took to Twitter to say that he presumes Solana (SOL) is about to change momentum towards a bullish one. Related Reading |ย Negative Sentiment Deepens In Crypto, Why Recovery May Not Last The Solana crypto project traded at a crucial support level following the massive sell momentum last week. Currently, the SOL token is trading at $47.89, a 4% growth from…
Blockchain Association Singapore and Statutory Board JTC Signs MOU Deal
Blockchain Association Singapore (BAS) and statutory board JTC have signed a Memorandum of Understanding (MOU) to collaborate in co-developing and nurturing a virtual blockchain ecosystem. Theย virtual blockchain ecosystem will beย at the Punggol Digital District (PDD) and it willย consist of professionals, students, individuals and firms. According to the MOU, the collaboration will ensure that both sides will leverage each other’s networks to enhance the understanding and know-how of the blockchain industry. Furthermore, the partnership is working on building a community-centric model to develop the PDD into a regional hub for blockchain…
Singapore to Look at Crypto Use Cases With DBS, JPMorgan and Marketnode
The Monetary Authority of Singapore (MAS) is starting a pilot alongside financial heavyweights DBS and JPMorgan to explore use cases in digital assets of tokenization and decentralized finance (DeFi). Source
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