Month: May 2021

Data Shows Institutional Investors Diversifying Out of Bitcoin and Into Ethereum & Other Altcoins

Bitcoin is the only one to record outflow, that too the largest ever; meanwhile, Ethereum and other cryptocurrencies, especially ADA and DOT, continued to see inflows last week, as per the CoinShares report. Crypto asset investment products registered a net outflow of $50 million last week, the first since October last year and the largest […]

Saxo Starts Crypto FX Trading Amid ‘Strong Demand’ From Clients

(Bloomberg) — Saxo Markets has launched a cryptocurrency offering enabling clients in select markets to trade Bitcoin, Ethereum and Litecoin against the dollar, euro and yen from a single margin account. Clients can trade and hedge both long and short exposure in the three cryptocurrencies, which will be in the form of derivatives and not […]

>> Ethereum 0x Human Unreadable Address? Now Get An ENS .eth With Ease!

Ethereum is the largest and most used smart contracts blockchain in the world, by a wide margin, comprehensively eclipsing competition. But, it has a problem. It’s wallet addresses are complex and human unreadable. This makes it difficult for users to work with them. For instance, if you sending funds to an Ethereum wallet, the long […]

Bank of America Survey: ‘Long Bitcoin’ Is Most Crowded Trade, 75% of Fund Managers See BTC as Bubble

The most recent Bank of America Fund Manager Survey finds that the most crowded trade is “long bitcoin.” Nonetheless, 75% of fund managers say the cryptocurrency is in a bubble zone. Fund Managers Say Long Bitcoin Is Most Crowded Trade but Most See Bubble The Bank of America (BoA) Fund Manager Survey for May, published […]

China prohibits financial institutions from engaging in cryptocurrency business

China prohibits financial institutions and payment companies from providing services related to cryptocurrency transactions, and warns investors not to engage in speculative crypto transactions. National Internet Finance Association, China Banking Association, Payment and Clearing Association of China jointly issued an announcement on May 18, ordering financial institutions, including banks and online payments channels, must not […]

‘Hard to set up body to regulate cryptocurrency’

Setting up an appropriate regulatory framework for cryptocurrencies and crypto assets in India continues to be a challenge with other countries taking differing approaches to find a solution, the Internet and Mobile Association of India (IAMAI) and Blockchain and Crypto Assets Council have said. The Centre had earlier indicated that it would take a ‘calibrated […]

Here are key factors to consider before investing in cryptocurrency

Demand for cryptocurrencies is skyrocketing as several personalities have shown their interests in these assets. However, one should understand that as an investor there are several factors to consider before parking the hard-earned money into these. Here are some of them: Identifying the right cryptocurrency According to Kumar Gaurav- founder and CEO- Cashaa- crypto-friendly neobank, […]

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