Tag: crypto portfolio

Africa experiences a significant cryptocurrency growth

In recent years, Africa has witnessed the widespread popularity of its currency cryptocurrency. This is not an unexpected move. Please note that the cost to remittance service providers for sending money to Africa is on average close to 9%. This is the highest rate in the world and three times the goal of sustainable development…
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Paxful integrates Lightning Network for faster and cheaper Bitcoin transactions

Paxful integrates Lightning Network for faster and cheaper Bitcoin transactions Paxful, the peer-to-peer cryptocurrency market with more than seven million users worldwide, today announced the integration of the Lightning Network protocol into its platform to allow fast and cheap bitcoin deposits and withdrawals. With this integration, Lightning Labs, a leading provider of payment infrastructure, allows…
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Uniswap and Kraken financial assistance to Ethereum development teams

The five Ethereum development teams each received $ 250,000 from the cryptocurrency exchanges Kraken, Uniswap Grants, Synthetic, The Graph, Lido and Compound Grants. The Ethereum Foundation (EF) says the budget will further strengthen and advance network innovation. Cardano launches itsEthereum-compatible side chain Cardano may soon launch his first side chain to partner with Ethereum dcSpark…
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Why are NFT whales fascinated by the number 8?

Last week, we saw a wave of trades in the irreplaceable tokens or NFT market, all of which were somehow related to the number 8. CryptoPunk 8888 was sold at Atrium 888.8 and an EtherRock was sold at 888. In addition, 64 new CryptoPunks are on sale for Atrium 888, and the CEO of Meitu…
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GoldenTree asset management company has added Bitcoin to its financial balance sheet

GoldenTree asset management company has recently added bitcoin to its financial balance sheet to diversify its product portfolio. Informed sources said the move offers GoldenTree a wider range of lending solutions. The report goes on to say that the management company is looking to hire cryptocurrency investment people and blockchain executives to focus more on…
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German Mutual Funds can invest 20% of their portfolio in cryptocurrencies

A law that will take effect in Germany next week will allow institutional funds to invest 20 percent in digital assets. This development coincides with the significant acceptance of cryptocurrency industry by financial institutions and companies.

Crypto Market Signals Go Bearish But Long-Term Investors Still Accumulate

Many of the key crypto market indicators have turned bearish during the past few weeks, with the last month bringing historically large declines by most on-chain activity metrics, according to on-chain activity and digital asset flow data. That said, it’s still the new entrants who are selling, while the hodlers continue accumulating. James Butterfill, Investment…
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Goldman Sachs Offering Bitcoin Derivatives to Investors

The bank will protect itself from the cryptocurrency’s volatility by buying and selling bitcoin futures in block trades. Goldman Sachs is offering investors access to non-deliverable forwards (NDFs), a derivative tied to bitcoin’s price that pays out in cash, according to a Bloomberg report. When reached by CoinDesk, the investment bank confirmed the news. The…
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Ether, on Winning Streak, Surges to Record Over $3.2K, Tops Bank of America on Market Cap

Ether’s milestone comes with surging trader interest in the leading smart-contracts blockchain. Ether (ETH), the native cryptocurrency of the Ethereum blockchain, surged Monday to a new record price of over $3,200 amid fresh speculation the network’s value might soar as more traders warm to the potential of decentralized finance, known as DeFi, and other uses…
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Bitcoin’s Drop on Biden’s Proposed Tax Hike Just Temporary, BCB CEO Says

“While the shock may be sustained in stock markets, the nature of cryptocurrency will see straight through this dip,” Landsberg-Sadie told CoinDesk. Bitcoin (BTC) has slumped more than 8%, over a 24-hour period, a drop attributed to U.S. President Joe Biden’s proposed tax increase on capital gains on those earning above $1 million. But the…
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