Crypto Biz: Massive inflows to exchanges amid market turbulence
This week’s Crypto Biz examines Hong Kong’s crypto ETF market, Morgan Stanley’s green light for Bitcoin funds, Xapo Bank license in the UK, and Core Scientific’s billionaire deal with CoreWeave.
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Bybit introduces Indian digital rupee CBDC payment option
The use of the CBDC on the cryptocurrency exchange will enhance security and, it hopes, attract merchants.
Bitcoin whales are accumulating BTC around $48K, on-chain data suggests
Whales are continuing to accumulate Bitcoin (BTC) despite the price more than doubling so far in 2021, according to the latest data from CryptoQuant.This trend indicates that the confidence in Bitcoin is strengthening as the price is now attempting to stabilize above the $50,000 level.Why whale confidence is importantDuring bull cycles, whales can take profit…
Bitcoin mining stocks have outperformed BTC by 455% over the past 12 months
While Bitcoin is up 900% in the last 12 months, shares in the four largest publicly-traded mining firms are up 5,000% over the same period. 1918 Total views 28 Total shares Despite the top publicly-listed Bitcoin mining firms operating at losses, their share prices have dramatically outperformed BTC over the past 12 months.Appearing on CNBC,…
Accepting Bitcoin for your business just like Tesla: Report
Tesla temporarily embracing Bitcoin (BTC) as a method of payment for its products was conceivably one of the catalysts that pushed asset prices to record highs last year and put the spotlight on crypto legitimacy — particularly in the realm of payments. Moreover, crypto enthusiasts had lauded the fact that Tesla even set up its…
Grocery Involved in Nearly Half of all DLT Supply Chain Projects
The grocery sector is responsible for nearly half of all Distributed Ledger Technology-based (DLT) supply chain projects.UCL: grocery most active in DLT trackingResearch conducted by the University College London centre for blockchain and retail blockchain consortium and published on Aug. 4 shows that the grocery industry has the highest number of DLT-based supply chain tracking…
Mining difficulty passes 50 trillion — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week in an altogether different mood as the weekly candle close brings a move higher.The largest cryptocurrency, still stuck in a narrow range, is at last showing signs of life after several spikes to two-month lows.With volatility back in play, traders nonetheless remain conflicted — can short-timeframe strength lead to…
Binance to Help Ukraine Prepare Cryptocurrency Legislation by End of 2019
Major global crypto exchange Binance will collaborate with Ukrainian authorities to establish cryptocurrency-related legislation in the country.Potential legal status of cryptocurrencies in UkraineBinance has signed a memorandum of understanding (MoU) with the Ministry of Digital Transformation of Ukraine to jointly work on the legal status of cryptocurrencies in the country, according to a press release…
South Korean Exchange Upbit Ends Orderbook Partnership With Bittrex
South Korean cryptocurrency exchange Upbit has broken its partnership with Bittrex in a reorganization of its Bitcoin (BTC), Ether (ETH) and Tether (USDT) markets, local South Korean news outlet Decenter reported on Sept. 25. Previously it had a shared order book arrangement, with Bittrex orders being visible in the Upbit bid windows.Upcoming reorganization of marketsIn a…