Month: January 2023

Bitcoin Suisse explains why Swiss is a crypto pivot point: Davos 2023

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Switzerland is a โ€œpivot pointโ€ for crypto adoption in Europe and continues to be the โ€œcenter point of the next stage of institutionalization,” said Dr. Dirk Klee, CEO of Bitcoin Suisse.ย  The CEO divulged why Switzerland is still the top spot for crypto in Europe and will continue to attract institutional investors in an exclusive Cointelegraph interview streetside in Davos, Switzerland.ย  We have boots on the ground in Davos! Our reporter @gazza_jenks speaks to Dr. Dirk Klee, CEO of @BitcoinSuisseAG about Switzerland and the adoption of cryptocurrency at the @wef.…

Thailand Issues New Regulations on Custodied Cryptocurrencies โ€“ Regulation Bitcoin News

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The Securities and Exchange Commission (SEC) of Thailand has issued new regulations on custodied cryptocurrencies. Companies offering crypto custody services are now required to โ€œestablish a digital wallet management system to accommodate efficient custody of digital assets and keys and ensure safety of clientsโ€™ assets,โ€ the regulator described. Thai SECโ€™s New Crypto Rules Thailandโ€™s Securities and Exchange Commission (SEC) announced Tuesday that it has issued new rules on the โ€œmanagement of digital wallets for custody of digital assets and keys.โ€ The new regulations went into effect on Jan. 16. The…

CoinDesk could be up for grabs as parent company DCG scrambles for funds

Crypto media outlet CoinDesk is reportedly considering a potential sale as its parent company Digital Currency Group (DCG) looks to strengthen its balance sheet. According to the Wall Street Journal, CoinDesk has sought the help of investment bankers from financial advisory firm Lazard, who are helping the firm weigh options including a full or partial sale. You know, I just realized that Coindesk is for sale. pic.twitter.com/QqmBPOClpu โ€” Charles Hoskinson (@IOHK_Charles) January 19, 2023 DCG has purportedly received multiple offers exceeding $200 million to buy out the media firm over…

GMX (GMX) and Chiliz (CHZ) Are Exciting Projects But Snowfall Protocol (SNW) Will Be The Leading Crypto According To Experts

Place/Date: – January 19th, 2023 at 5:08 am UTC ยท 2 min read Source: Snowfall Protocol After a long bear market, the crypto market is finally showing signs of life and investors are taking notice. GMX (GMX) and Chiliz (CHZ) are two projects that have been gaining a lot of attention due to their innovative use of blockchain technology. Although, experts have identified Snowfall Protocol (SNW) as the most promising project in this space. Why Experts Are Bullish On Snowfall Protocol (SNW) Snowfall Protocol (SNW)ย  is a multi-chain project that…

Aussie ‘Big 4’ bank mints stablecoin for carbon trading and remittances

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National Australia Bank (NAB) is set to become the second โ€œBig 4โ€ Australian bank to launch an Australian dollar-pegged stablecoin on the Ethereum network. Set to launch sometime in mid-2023, the AUDN stablecoin is aimed at streamlining cross-border remittances and carbon credit trading, according to a Jan. 18 report from the Australian Financial Review (AFR). NABโ€™s chief innovation officer Howard Silby said the decision to mint the AUDN stablecoin on Ethereum โ€” which is backed 1:1 by the Australian dollar (AUD) โ€” was based on their belief that blockchain infrastructure…

Ethereum Price Dips From $1,600 But ETH Could Start A Fresh Rally

Ethereum struggled to clear the $1,600 resistance and corrected lower against the US Dollar. ETH could remains supported and might rise from the $1,500 support. Ethereum is correcting gains from the $1,600 and $1,580 resistance levels. The price is now trading below $1,550 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,580 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise again if it stays above the $1,500 support zone. Ethereum Price Remains…

Bitcoin ends ‘ridiculous’ 14-day winning streak

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The two-week-long Bitcoin (BTC) winning streak has finally come to an end after the cryptocurrency formed its first red candle on Jan. 18. The day prior, BTC was shaping up to match or even beat its November 2013 record of 15 consecutive days of positive price movement, the longest of such streaks in its history. While the record wasnโ€™t beaten, Bitcoin did post the longest win streak since the 2013 record in a โ€œridiculousโ€ run up according to some commentators on Twitter. #Bitcoin – One red daily candle doesn’t erase…