Singapore's DBS Bank holding $650M Ethereum? Nansen flags whale holdings

Ether (ETH) price rallied 32% leading up to August 23, and despite testing the $3,000 support multiple times, the level has held firmly. Meanwhile, Bitcoin (BTC) could not sustain the $50,000 mark, at least in the short-term. According to Cointelegraph, pro traders are not yet inclined to add bullish positions according to derivatives metrics.Surprisingly, the…

Cryptocurrency portfolio tracker and tax calculator CoinTracker has surpassed 100,000 users and has signed up six new partners.The site, which is used by many traders to comply with tax reporting obligations,  announced the news in a blog post published on April 1.In the past month CoinTracker has partnered with six new organizations: Casa, Compound, Crypto.com,…

Axelar's co-founder shared his views on blockchain infrastructure and adoption at Converge22 in San Francisco. 213 Total views 3 Total shares Cross-chain communication between blockchains is more than just moving data from point A to B, but how it can connect applications and users for enhanced experiences and fewer gas fees in Web3, outlined Sergey…

The South Korean blockchain hopes to fund its interoperability technology to create new cross-chain applications. 565 Total views 22 Total shares The ICON Foundation announced plans to launch an interoperability incentive program for 200 million ICX, or approximately $200 million at the time of publication. The foundation supports the development of the ICON network, South Korea’s…

Irish companies operating with crypto, and the firms servicing them, will have to adhere to AML and CFT for the first time starting next month. 1554 Total views 26 Total shares Irish lawmakers will impose an anti money laundering regime on crypto for the first time in AprilThe Central Bank of Ireland has extended the…

Mike Novogratz suggests DeFi projects add KYC and AML features now instead of waiting on regulators to crack down on the entire sector. 462 Total views 4 Total shares Decentralized finance (DeFi) has emerged in 2021 as one of the fastest-growing trends in the crypto sector and as the unique features of DeFi begin to…

Binance CEO Changpeng Zhao criticized venture capital fundraising while speaking at the BlockDown 2020. 1242 Total views 53 Total shares Binance founder and chief executive, Changpeng Zhao, took aim at initial public offerings, or IPOs, and venture capital fundraising while speaking at the recent BlockDown 2020 conference.Despite the recent decline in crypto investment, Changpeng Zhao,…

The economic recession of 2008 to 2009 resulted in the invention of Bitcoin (BTC), creating a brand new financial system that is now growing and developing rapidly. Back then, the Harvard Business Review published an article titled “The Female Economy” pointing out that about $20 trillion of the annual consumer spending in the world was…