Tag: Markets

Japan’s Bitbank to set up a custody firm to facilitate institutional entry to local markets

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In a new development for East Asia, Japanese crypto exchange Bitbank announced a partnership with financial holding company Sumitomo Mitsui Trust Holdings with the goal of establishing Japan Digital Asset Trust (JADAT).  According to an announcement sent to Cointelegraph on Tuesday, JADAT will be created to offer custodial services along with auditing and wallet insurance. The company is designed to facilitate the entrance of institutional players into the Japanese digital asset market. Once established, the firm will specialize in custody services for digital asset holdings including cryptocurrency, security tokens on…

Crypto Markets Lull After Massive Crash, Bitcoin Hovers Around $30,000

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The total crypto market cap regained some ground over the past few days and now sits around $1.37 trillion Bitcoin shows some sideways movement as traders debate over the possible bottom Ethereum trades just under $2100 as The Merge approaches Rich Dad, Poor Dad Author remains bullish on Bitcoin After a bloodbath in the cryptocurrency markets last week, things seem to have steadied to some degree in terms of asset value and prices. EWN previously reported that the world’S leading crypto, Bitcoin, fell as low as $26,700 during one of…

Rich Dad Poor Dad’s Robert Kiyosaki Thinks Bitcoin Could Bottom Out at $9K — Reveals Why He Remains Bullish – Markets and Prices Bitcoin News

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The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has explained why he is still bullish about bitcoin. He’s waiting for the cryptocurrency to test a new bottom before getting in, which he indicated could be as low as $9K. Kiyosaki Believes the Price of Bitcoin Could Fall to $9K The author of Rich Dad Poor Dad, Robert Kiyosaki, is still bullish about bitcoin. He’s waiting for the price of BTC to test a new bottom before getting in. Rich Dad Poor Dad is a 1997…

Cryptocurrency Can Potentially Complement Mobile Money Argues Kenyan Banker – Emerging Markets Bitcoin News

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The CEO of one of Kenya’s biggest lenders has argued there is a possibility cryptocurrencies will complement mobile money in Africa but first, there is a need to convince regulators of their benefits. African Regulators’ Stance on Crypto Cryptocurrencies can potentially complement mobile money in Africa if regulators on the continent are made to change their perceptions of the digital currencies, the boss of one of Kenya’s biggest lenders has said. According to James Mwangi, CEO of Equity Group Holdings Plc, central banks first need to be convinced of the…

Pakistan Can Generate $90 Million Annually if It Introduces a 15% Tax on Crypto Transactions – Emerging Markets Bitcoin News

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Pakistan can generate tax revenues of at least $90 million each year if authorities impose a 15% tax on cryptocurrency transactions, an executive with a cryptocurrency exchange has said. 15% Crypto Tax An executive with a Pakistani cryptocurrency exchange has said Islamabad can generate at least $90 million in tax revenues if authorities decide to levy a 15% tax on cryptocurrency transactions. The executive, Zeeshan Ahmed, the country general manager at Rain Financial Inc, claimed this would be possible if Pakistan adopts what one report calls “hard and fast regulations.”…

Microstrategy CEO Expects Bitcoin to ‘Go Into the Millions’ Despite Crypto Market Sell-Off – Markets and Prices Bitcoin News

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Microstrategy’s CEO has predicted that bitcoin is “going to go into the millions” despite the recent cryptocurrency market sell-off. Noting that the cryptocurrency is the future of money, he said: “We are in it for the long term.” Microstrategy Sees Bitcoin as the Future of Money The CEO of the Nasdaq-listed software company Microstrategy, Michael Saylor, shared his bitcoin outlook Thursday in an interview with Yahoo Finance Live. The executive is still bullish on bitcoin despite the recent sell-off. He was asked whether there is a price target at which…

Over $7.5B in Tether (USDT) Redeemed in the Last Week as Stablecoin Anxiety Hits the Crypto Markets

Summary: Over $7.485 billion worth of Tether (USDT) has been redeemed for US dollars in the last week. The total supply of Tether (USDT) has reduced from the recent all-time high of $81.237 billion to $75.75 billion. The redemption of Tether and the decline of its circulating supply come on the backdrop of both UST and USDT depeging. Tether’s CTO has confirmed that USDT can keep up with market demand for the stablecoin and redemption services for USD. Over $7.485 billion worth of Tether (USDT) has been redeemed for US…

Terra’s Tendermint Touch — Cosmos-Based Token Economy Hit Hard by LUNA’s Demise – Markets and Prices Bitcoin News

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Since last week’s Terra implosion and the demise of the blockchain project’s native token LUNA — and the algorithmic stablecoin terrausd (UST) — crypto tokens based on the Cosmos ecosystem have seen significant losses. Two months ago, the top Cosmos ecosystem coins collectively were worth $61.6 billion and since then, the Cosmos economy has lost more than 75% in value, dropping to $15.2 billion. Terra’s Fallout Stirs Cosmos Token Ecosystem The blockchain project Terra is a Cosmos-based network, which leverages the consensus protocol Tendermint, the Cosmos SDK, and the Inter-Blockchain…

Crypto Funds Saw Year’s Highest Inflows as Terra Crisis Crashed Markets

CryptoX – Cryptocurrency Analysis and News Portal The flurry of investment came as bitcoin (BTC) dipped to as low as $25,892 on Thursday amid fears Luna Foundation Guard, the organization that was supposed to support UST in a crisis, might panic-sell its reserve of roughly 80,000 bitcoin. The price of bitcoin recovered most if its losses late last week to change hands around $30,000, a significant psychological level. Original Source The post Crypto Funds Saw Year’s Highest Inflows as Terra Crisis Crashed Markets appeared first on CryptoX. CryptoX Portal