Cryptocurrencies: Mediums of exchange or leaders in the financial industry?
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Cryptocurrencies Price Prediction: Shiba Inu, MATIC & Bitcoin – American Wrap 26 October
Shiba Inu enters 96% bull run as whales continue accumulating SHIB. Ethereum whale bought $11.5 million worth of SHIB tokens on Tuesday. Shiba Inu token has reached 783,739 holders, large wallet investors accumulate SHIB tokens through the dip. SHIB was briefly the cryptocurrency with the largest turnover on exchanges Binance and Coinbase on Monday. Shiba Inu continues to enjoy support from large wallet investors. SHIB has just hit an all-time high above $0.000044.
Zolve raises $40 million to help global citizens access financial services
Partners of DST Global led the Bangalore-headquartered startup’s Series A financing round. The round, which values the 10-month-old startup at $210 million and brings its all-time raise to $55 million, also saw participation from Tiger Global and Alkeon Capital and existing investors Lightspeed Venture Partners and Accel. Tens of thousands…
The technology currency
We often talk about commodity currencies and low-yielding currencies but the technology currency is rarely touted. In mid US session, AUD and CHF are the only gaining currencies vs USD, while JPY and EUR are the weakest. US new home sales shot up 14% in Sep, while DAX and Nasdaq lead indices. The 2nd Premium DAX long hit its final target for a total of +500 pts from the earlier trade.
AUD/USD bulls engage and target a higher high on CPI day
AUD/USD is building a bullish case ahead of CPI. Aussie CPI could be make or break time for the near term for AUD. AUD/USD has been trading in firmer hands towards the North American close and has travelled from a low of 0.7484 to a high of 0.7525 on the day. The market’s attention will now turn to the Asian sessions key data in the Australian third quarter Consumer Price Index. It will then it’s in the hands of the RBA next week.
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Nium Introduces Global Platform For Crypto-as-a-Service, Extends its BaaS Solution to US Markets
a company focused on payments and card issuance for businesses, has launched a global Crypto-as-a-Service (CaaS) solution and announced the extension of its Banking-as-a-Service (BaaS) solution to the US markets. Initial API-based elements from the new CaaS offering will enable financial institutions to “add in-demand capabilities for cryptocurrency investment,”…
Robinhood is banking on Dogecoin traders as dog-themed altcoins break out
While DeFi tokens are suffering a drop in prices, dog-themed cryptocurrencies SHIB, DOGE, and AKITA have made a comeback. Historically, a memecoin rally is an indication of an overheated market, signaling upcoming de-leveraging. Dogecoin alone drove higher revenue than all stocks (including options) in Q2 2021 on zero-commission exchange Robinhood.
That’s the most common response Request Network CEO Christophe Lassuyt said he hears these days from the thousands of new businesses that are signing up for his blockchain invoicing service each month. In August, the Singapore-based startup said it added more than 1,000 new customers who issued over 700 invoices during the month, marking 30% and 68% gains, respectively.
The age of crypto is upon us and it isn’t just in the resurgence of bitcoin’s price back around $58,000 after a protracted period of listlessness.
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$1.47 Billion Inflows: Cryptocurrency Industry Faces Largest Investment Flow in History
According to Weekly CoinShares blog “Digital Asset Fund Flows Weekly,” the cryptocurrency industry this week has faced a record-breaking $1.47 billion investment flow with $1.2 billion coming exclusively from ProShares. Bitcoin inflows. In the previous week, digital asset investment products have faced a total of $1.46 billion inflows, which is…
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Uses for Blockchain in the Financial Services Industry
On the back of substantial recent growth, the cryptocurrency market is now worth trillions of dollars. Much of that success comes from all the potential uses for its underlying blockchain technology. Because blockchains were first introduced with digital currencies, it makes sense that blockchain applications in finance are some of its most promising uses.
Surging oil prices were keeping London stocks in the black on Monday, along with well-received results from HSBC.
G7 financial leaders reach agreement on digital currencies
Finance ministers of the G7 countries have reached an agreed position on 13 public policy principles for central bank digital currencies (CBDCs), in a move that could pave the way for greater adoption of CBDCs across the world’s leading economies. According to a statement from the U.S. Treasury Department, the…
LSB Industries sets quarterly financial call
LSB Industries, Inc., will release its financial results for the third quarter ended September 30 on Monday, November 1 after the close of the stock market. LSB operates El Dorado Chemical. LSB’s management will host a conference call at 9 a.m. Tuesday, November 2 to discuss these results. Participating in…
Cryptocurrency Exchange FTX Reaches $25 Billion USD Valuation
Popular cryptocurrency exchange FTX has reached a $25 billion USD valuation after closing a $420 million USD Series B funding round on Thursday. The round included 69 investors, including Sequoia Capital, Sea Capital, IVP, ICONIQ Growth and others. The company previously raised $900 million USD in July. According to a…
The price of Bitcoin (CRYPTO: BTC) has gone through the roof in recent sessions, and cryptocurrency exchange Coinbase Global, Inc. (NASDAQ:COIN) is one stock that remains poised to capitalize on Bitcoin’s strength, according to an analyst at Mizuho Securities. The Coinbase Analyst: Dan Dolev maintained a Neutral rating on Coinbase…
Next-Generation Cryptocurrency LTNM to List on FMFW.Io Exchange (Formerly Bitcoin.com Exchange)
PRESS RELEASE. Palo Alto, October 18, 2021 – LTNM, the next generation insured asset-backed cryptocurrency, continues to gain momentum and expand its global acceptance as it announced today it will be listed on FMFW.io Exchange (formerly known as Bitcoin.com Exchange), a top-tier cryptocurrency exchange. This represents a milestone for both parties – one where LTNM will list on one of the world’s leading exchanges, while FWFW.io will be the second crypto exchange to list it. LTNM will be available for trading with BTC and USDT pairs, and the official trading is expected to start at the end of November 2021.
Silicon Valley entrepreneur Sam Altman wants to scan your eyes in exchange for free cryptocurrency
Tech millionaire Sam Altman’s new start-up Worldcoin uses orb-shaped devices to scan people’s eyes in exchange for free cryptocurrency. The company has so far amassed over 100,000 users globally already, and aims to hit the 1 billion user milestone by 2023. Worldcoin CEO Alex Blania hinted Worldcoin could be used…
Wednesday links: a better medium of exchange
“The fact that cryptocurrencies operate as a better medium of exchange means that the demand for them will dramatically outstrip the demand for gold as a medium of exchange.” Central banks are starting to normalize monetary policy. (compoundadvisors.com) Markets. Another sign of a strength in the stock market. (sentimentrader.com) TweetPocketInstapaper.
Exchange Head Says Crypto Industry Could Provide Opportunity for Women
Caroline Bowler, CEO of BTC Markets in Melbourne, thinks that crypto could provide opportunities for women, Bloomberg reports. While men still dominate crypto investing (and the finance and tech industries more broadly), Bower said that as crypto goes more mainstream, the “crypto bros” will make up less of a majority. Additionally, “there are lots of entry points into cryptocurrency and into blockchain business,” Bowler said.
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