Revealed: what different regional markets really make of crypto

Revealed: what different regional markets really make of crypto

Cryptocurrency has become the elephant in the room for many financial markets. There are those that have embraced its potential long-term opportunities, while others have remained sceptical or critical. But is there a universal view on the case for crypto? Here, an array of Citywire’s international editors share their views on what has unfolded in their … Read more

Borderless crypto markets show need for global rules

Borderless crypto markets show need for global rules

More than 500 years elapsed between the founding of the world’s first bank, Monte dei Paschi di Siena, and the creation of the first set of global banking standards: the 1988 Basel accord. By that benchmark, global policymakers are ahead of the curve in devising standards for cryptocurrencies, which emerged just 13 years ago with … Read more

Crypto-assets markets could trigger a global financial crisis: Report

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The fast-evolving crypto markets could gravely threaten global financial stability if regulators fail to take action, according to the Financial Stability Board (FSB), an international watchdog.  In a report published on February 16, the FSB, which monitors financial authorities in 24 nations, reviewed potential vulnerabilities pertaining to unbacked crypto assets such as bitcoins, stablecoins as … Read more

Will Crypto Expansion Continue In Emerging Markets This Year?

Crypto

Emerging markets were at the forefront of last year’s massive growth in global cryptocurrency adoption. With this growth widely tipped to continue into 2022, a range of countries will see their crypto markets mature or expand. As OBG detailed at the time, the onset of Covid-19 spurred a massive expansion in the use of cryptocurrency … Read more

Crypto risks ‘destabilising’ emerging markets, says senior IMF official

Crypto risks ‘destabilising’ emerging markets, says senior IMF official

Sharp price swings in cryptocurrencies are causing “destabilising” capital flows in emerging markets, and the use of crypto in place of traditional currencies poses “immediate and acute risks”, according to a senior official at the IMF.“Crypto is being used to take money out of countries that are regarded as unstable [by some external investors],” said … Read more

Despite crypto markets sliding into red, betting on digital tokens unabated- The New Indian Express

Despite crypto markets sliding into red, betting on digital tokens unabated- The New Indian Express

Express News Service BENGALURU:  Even as the crypto market has been struggling for a week now with Bitcoin and Ethereum hitting a six-month low after another wave of selling, crypto platforms have been offering a host of products and launching many tokens. They are optimistic of a recovery soon. Singapore-based crypto exchange Vauld on Tuesday … Read more

The Crypto Regulation: Obscure Classification Flusters Regulators as Crypto Expands into Derivatives Markets

The Crypto Regulation: Obscure Classification Flusters Regulators as Crypto Expands into Derivatives Markets

The very fact that the crypto-sphere is hyped in today’s day and age shows that the world is increasingly going digital. Yet, the mainstream view is still predominantly associated with Bitcoin – the first and the most popular cryptocurrency. While it is benign to hold such a vantage point from a layman’s perspective, as an … Read more

GameStop shares surge on plan to enter NFT, crypto markets

GameStop shares surge on plan to enter NFT, crypto markets

A GameStop Inc. store is shown in Encinitas, California, U.S., May 24, 2017. REUTERS/Mike Blake/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterJan 6 (Reuters) – GameStop Corp (GME.N) is launching a division to develop a marketplace for nonfungible tokens (NFTs) and establish cryptocurrency partnerships, a source familiar with the matter said on Thursday, boosting … Read more

Despite Negative Mining Malware Press, Privacy-Focused Crypto Monero Jumps 36% in 2 Weeks – Markets and Prices Bitcoin News

Despite Negative Mining Malware Press, Privacy-Focused Crypto Monero Jumps 36% in 2 Weeks – Markets and Prices Bitcoin News

The privacy-centric crypto asset monero has seen significant gains during the last two weeks, jumping 36% in value against the U.S. dollar. Despite the negative press from the “Spider-Man: No Way Home” torrents with monero mining malware, seven-day statistics indicate the crypto asset has gained more than 21%. Monero Sees Double-Digit Gains Amid Mining Malware … Read more

Stock markets in 2021: from big tech and crypto to takeovers | Stock markets

The financial markets climbed a wall of worry through 2021, as investors drove up asset prices in the face of persistently high inflation, a global supply chain crisis and one of the most frenzied speculative booms in decades.Shares rallied to record levels as money poured into stocks, deal-making soared and the gamification of investing hit … Read more

This Year’s Top 10 Crypto Asset Gainers Outshined BTC’s and ETH’s 12-Month Returns – Markets and Prices Bitcoin News

This Year's Top 10 Crypto Asset Gainers Outshined BTC's and ETH's 12-Month Returns

Digital currencies had a phenomenal 2021 as the crypto economy surged past a couple of trillion dollars in value this year. Over the last 12 months, bitcoin gained more than 90% in value and ethereum spike more than 540%. However, while those gains are decent, numerous digital assets outperformed those 12 month gains by a … Read more

Markets 2021: Stocks Soar, IPOs Explode, Crypto Goes Wild | Business News

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Wall Street delivered another strong year for investors in 2021, as a resurgence in consumer demand fueled by the reopening of the global economy pumped up corporate profits.As of Dec. 22, the S&P 500 had risen 25%, its third-straight annual increase. Along the way, the benchmark index set 67 all-time highs.The market weathered a number … Read more

Fed Decision on Stimulus Money Buoys Crypto Markets

Fed Decision on Stimulus Money Buoys Crypto Markets

“First Mover” hosts spoke with CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De for the key takeaways from the U.S. Senate Banking Committee hearing on stablecoins yesterday. Matt Leising, co-founder of DeCential and author of “Out Of The Ether,” shared his views on DAOs’ evolution and outlook and what the mainstream media gets wrong … Read more

Robinhood Acquires Cove Markets to Potentially Add Cross-Exchange Crypto Trading on Its Platform

Robinhood Acquires Cove Markets to Potentially Add Cross-Exchange Crypto Trading on Its Platform

Robinhood stock and crypto trading platform has acquired Cove Markets, a cross-exchange trading platform. The deal is intended to help crypto investors manage their cryptocurrency accounts in simple and cost-effective ways, Robinhood claimed in a blog post. Following this acquisition, the top partners of Cove Markets will join the Robinhood crypto team including co-founders Victor … Read more

Singaporeans lose over $100,000 to new crypto gaming craze, Companies & Markets News & Top Stories

Singaporeans lose over $100,000 to new crypto gaming craze, Companies & Markets News & Top Stories

SINGAPORE – About 20 police reports have been made against a Singaporean named as the chief marketing officer of a play-to-earn game that has allegedly cost local players more than $100,000 in lost cryptocurrency.The Neko Inu game rode on the play-to-earn crypto gaming craze and was launched earlier this year, allowing players to earn USDT, … Read more

Biggest Ethereum Whales Acculumating Shiba Inu and Two Metaverse Tokens As Crypto Markets Consolidate: WhaleStats

Biggest Ethereum Whales Acculumating Shiba Inu and Two Metaverse Tokens As Crypto Markets Consolidate: WhaleStats

New data shows that the world’s biggest Ethereum whales are loading up on meme crypto Shiba Inu (SHIB) and two of the hottest metaverse tokens.  The latest numbers from WhaleStats are revealing the investment behavior of the 1,000 wealthiest non-exchange Ethereum addresses. The whale-monitoring website shows that in the last 30 days, deep-pocketed crypto investors bought … Read more

Are the Crypto Markets on the Verge of an Altseason? Here Are the Metrics To Watch, According to Blockchain Researcher

Are the Crypto Markets on the Verge of an Altseason? Here Are the Metrics To Watch, According to Blockchain Researcher

As the crypto markets move sideways, a prominent blockchain researcher is analyzing whether another “altseason” could be on the horizon. Head of research blockchain intelligence firm IntoTheBlock Lucas Outumuro notes in a recent newsletter that Ethereum’s (ETH) price against Bitcoin (BTC) has just hit a 42-month high. He points out that the last two times … Read more

Goldman Sachs Sees Crypto Options Markets as ‘Next Big Step’ for Institutional Adoption

Goldman Sachs Sees Crypto Options Markets as ‘Next Big Step’ for Institutional Adoption

“There might be equity funds that have an exposure to a stock that has underlying bitcoin holdings,” explained Kazantsev. “In order to hedge that exposure, they might trade futures against that. For them, rather than rebalancing the portfolio dynamically, what they really want to do is hedge for the longer term, and to know the … Read more

European markets troubled as omicron Covid variant fears return

European markets troubled as omicron Covid variant fears return

LONDON — European stocks are expected to open lower on Thursday as concerns persist over the omicron Covid variant.The U.K.’s FTSE index is seen opening 80 points lower at 7,086, Germany’s DAX 176 points lower at 15,295, France’s CAC 40 down 91 points at 6,797 and Italy’s FTSE MIB 326 points lower at 26,026, according to … Read more

Why Emerging Markets Are Early Adopters of Crypto as Legal Tender

Why Emerging Markets Are Early Adopters of Crypto as Legal Tender

By Lourdes S. Casanova, Gail and Rob Cañizares Director, and John Ninia, Cornell class of 2022 and Research Assistant, Emerging Markets Institute, Cornell University       This article was originally published in the Autumn/November 2021 edition of International Banker   As the use of cryptocurrencies such as bitcoin continues to grow, emerging markets seem … Read more

Moderna CEO warns COVID-19 shots less effective against Omicron, spooks markets

Moderna CEO warns COVID-19 shots less effective against Omicron, spooks markets

Moderna CEO comments on Omicron jolt marketsHong Kong bans non-resident arrivals from more countriesSingapore: 2 travellers to Sydney with Omicron transited ChangiBiden says variant is ’cause for concern, not a cause for panic’HONG KONG/SYDNEY, Nov 30 (Reuters) – Drugmaker Moderna’s CEO (MRNA.O) set off fresh alarm bells in financial markets on Tuesday after he warned … Read more

Singapore-based TripleA gets MAS licence to provide crypto payment services, Companies & Markets News & Top Stories

Singapore-based TripleA gets MAS licence to provide crypto payment services, Companies & Markets News & Top Stories

SINGAPORE – Cryptocurrency payments provider TripleA has secured a licence from the Monetary Authority of Singapore (MAS) to offer digital payment token services in Singapore.The licence will allow the company to provide end-to-end cryptocurrency payment services for businesses, including crypto payments gateway for e-commerce, crypto payouts and crypto remittances. Please subscribe or log in to … Read more

Key data points suggest the crypto market’s short-term correction is over

Key data points suggest the crypto market’s short-term correction is over

The performance of cryptocurrencies in the past seven days might have seemed slightly unexciting, especially since the total market capitalization increased by “only” 1.8% to reach $2.7 trillion. However, even with the muted price action, some altcoins managed a decent rally. Bitcoin (BTC), on the other hand, was down 6% until Nov. 28, but it … Read more

South African markets sink on new COVID-19 variant

South African markets sink on new COVID-19 variant

A street money changer counts South African Rands in Harare, Zimbabwe, May 5, 2016. REUTERS/Philimon Bulawayo Register now for FREE unlimited access to reuters.comRegisterRand falls to weakest since October 2020Hotel stocks lead equity slideTen-year government bond yield tops 10%JOHANNESBURG, Nov 26 (Reuters) – The South African rand sank to its lowest since October 2020, government … Read more

New Covid variant roils global markets with oil sinking 5%

New Covid variant roils global markets with oil sinking 5%

Registered Nurse Savanah Wagstaff watches as Aliza Burns, a nursing student at Brigham Young University–Idaho, treats a coronavirus disease (COVID-19) positive patient in his isolation room at Madison Memorial Hospital in Rexburg, Idaho, U.S., October 28, 2021.Shannon Stapleton | ReutersGlobal markets went into a tailspin Friday following news of a heavily-mutated Covid-19 variant first detected … Read more

Explained: What we know about new Covid-19 variant B.1.1.529 that’s rocking markets

Covid variant, South Africa Covid variant, Covid strain South Africa, Indian Express

A new variant of the coronavirus that causes Covid-19 — called B.1.1.529 — has been identified in South Africa, with officials there saying it’s of concern. Fears a new strain could fuel outbreaks in many countries, straining health systems, potentially evading vaccines and complicating efforts to reopen economies and borders, sent a wave of risk … Read more

Oil and euro slip, markets on edge over COVID-19 curbs in Europe

Oil and euro slip, markets on edge over COVID-19 curbs in Europe

A man wearing a protective face mask, following an outbreak of the coronavirus, talks on his mobile phone in front of a screen showing the Nikkei index outside a brokerage in Tokyo, Japan, February 26, 2020. REUTERS/Athit Perawongmetha/File PhotoRegister now for FREE unlimited access to reuters.comRegisterBrent futures drop to seven-week lowAUD nursing losses; EUR held … Read more

Avalanche Value Surges Reaching an All-Time High, AVAX Joins the Top Ten Crypto Markets – Markets and Prices Bitcoin News

Avalanche Value Surges Reaching an All-Time High, AVAX Joins the Top Ten Crypto Markets

Cryptocurrency markets have started to recuperate from last week’s losses as bitcoin, ethereum, and a slew of digital assets have seen slight gains. However, the cryptocurrency avalanche has seen its value skyrocket this past week 46.9% higher over the last seven days. Avalanche has also crept into the top ten digital asset market valuations with … Read more

Nigeria’s crypto traders risk arrest and scams to bypass ban – Markets

Nigeria's crypto traders risk arrest and scams to bypass ban - Markets

ILORIN: A debayo Sulaimon was just getting ready for the day when officers from the Nigerian Police Force raided the 23-year-old graduate’s compound in the southwestern town of Ilorin to arrest him and his roommate. Sulaimon’s crime, police told him as they took him away that October morning, was trading cryptocurrency, something he had started … Read more

Global Crypto Asset Management Markets, 2021-2025

Global Crypto Asset Management Markets, 2021-2025

DUBLIN, Nov. 10, 2021 /PRNewswire/ — The “Crypto Asset Management Market 2021-2025” report has been added to ResearchAndMarkets.com’s offering. The global crypto asset management market size is projected to grow from USD 0.4 billion in 2021 to USD 1.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 21.5% during the forecast period. … Read more

Mad Money’s Jim Cramer Invests in Crypto Because ‘There Could Be Millions of Greater Fools Out There’ – Markets and Prices Bitcoin News

Mad Money's Jim Cramer Invests in Crypto Because 'There Could Be Millions of Greater Fools Out There'

The host of Mad Money, Jim Cramer, has some advice for crypto investors. “As long as you recognize the very real possibility that the whole investment case for crypto rests on the greater fool theory, you’ve got my blessing to speculate on it,” he said. Cramer added that he is holding ether because he believes … Read more

Markets Hit Records; Is This Red-Hot Crypto Stock Next?

Markets Hit Records; Is This Red-Hot Crypto Stock Next?

Investors didn’t waste any time on Monday, continuing to push the stock market higher, building on gains from the past week. The Nasdaq Composite (NASDAQINDEX:^IXIC) was the only index not to close at a record high, but it posted the biggest gains, while the S&P 500 (SNPINDEX:^GSPC) and Dow Jones Industrial Average (DJINDICES:^DJI) managed to … Read more

Five Altcoins Set To Surge As Crypto Markets Heat Up, According to Popular Crypto Trader

Five Altcoins Set To Surge As Crypto Markets Heat Up, According to Popular Crypto Trader

A widely followed crypto analyst is bullish on five altcoins following Bitcoin’s (BTC) big push to fresh all-time highs. The pseudonymous trader known as Credible Crypto tells his 251,200 Twitter followers that whales appear to be accumulating Convex Finance, whose CVX token powers the Curve Finance decentralized exchange (DEX).   “Another million-dollar purchase of CVX … Read more

Crypto Use Is Taking Root in Emerging Markets

Crypto Use Is Taking Root in Emerging Markets

A cellphone accessories shop that accepts Bitcoin in San Salvador, El Salvador. Camilo Freedman/Bloomberg Text size A Chinese family pays U.S. private school tuition in Bitcoin. A Kenyan working in Germany sends a remittance home, avoiding a fat commission. Cambodian villagers buy market supplies via QR code instead of stacks of cash. While U.S. investors … Read more

Top Ten Crypto Market Capitalizations Shifted a Great Deal Since the Last Time BTC Hit $60K – Markets and Prices Bitcoin News

Top Ten Crypto Market Capitalizations Shifted a Great Deal Since the Last Time BTC Hit $60K

The price of bitcoin recently jumped above the $60,000 per unit mark on October 15, and the leading crypto asset has not seen prices this high since mid-April six months ago. However, as far as the top digital assets are concerned, in terms of market capitalization, things are a whole lot different. For instance, ether … Read more

Telos Launches EVM Mainnet To Combat Insider Trading In Crypto Markets

Telos Launches EVM Mainnet To Combat Insider Trading In Crypto Markets

In a bid to solve problems like frontrunning in the cryptocurrencies market, high gas fees, and slow transaction speeds that plague the Ethereum network intermittently, Telos blockchain today announced the launch of its EVM Mainnet, the first fully EVM-compatible Layer 1 chain that gives a multitude of programs operating on the Ethereum chain unprecedented ease … Read more