Beyond Bitcoin and Ethereum – Value Drivers Advancing Blockchain Adoption

In addition to being a distributed database of records enabling digital innovation in the financial markets via cryptocurrency, blockchain technology has attracted the gaze of the business fraternity for quite some time now.

Spanish Crypto Firms will Have to Run their Campaigns Past Regulator

A leading Spanish financial markets regulator is set to begin policing crypto firms’ advertising campaigns – in direct response to a recent “aggressive” campaign that saw Madrid billboards plastered in crypto advertisements. According to Finanzas, the nation’s National Securities Market Commission (known locally as the CMNV) has ordered the firms in the country who

21Shares Launches Bitcoin ETP on Aquis Exchange

21Shares, a well-known cryptocurrency ETP issuer, announced today that it has cooperated with GHCO, an issuer-centric liquidity provider committed to building transparent and accessible financial markets to list Its Bitcoin ETP (ABTC) on the Aquis exchange.

New Crypto Tax Law Will Be Adopted in Autumn Says Russian Policy Chief

After a brief respite for the nation’s crypto community, regulators have resurfaced – and could serve up a fresh batch of legislative proposals aimed at policing the industry as soon as summer is done. After a relatively quiet few months, Anatoly Aksakov, the head of the State Duma Committee on Financial Markets and the leading deal-broker of Russia’s crypto

Celo rallies 50% as excitement builds for the upcoming 'Donut' hardfork

CELO price gained 50% ahead of the network’s May 19 'Donut’ hardfork which will help increase interoperability and lower gas fees. Decentralized finance (DeFi) has emerged as a transformational force for not just the cryptocurrency market, but for financial markets in general in 2021 thanks to the ease of access and security offered by blockchain-based protocols which operate on smart contracts.One project that is looking to take the simplicity of DeFi to the next level is Celo (CELO), an open blockchain ecosystem that makes financial tools accessible to anyone with a mobile phone. Data from Cointelegraph Markets Pro and TradingView shows that the price of CELO rallied 50% from a low of $4.29 late on May 16 to an intraday high at $6.70 on May 18 on the back of a 740% surge in 24-hour trading volume. CELO/USDT 4-hour chart.

Coinbase (COIN) falls below $250, blockchain stocks sell off as Bitcoin dip continues

COIN, MARA, RIOT and other blockchain-related stocks continue to slide as Bitcoin struggles to hold above $43,000. It is well known that as goes Bitcoin (BTC), so goes the rest of the cryptocurrency market, as time and again, major price moves from Bitcoin create ripples across the altcoin market, impacting sentiment and momentum.This appears to be the same for blockchain-related stocks that trade in the traditional financial markets, and a quick glance at the charts shows they have mirrored Bitcoin's performance over the past several months. The cryptocurrency ecosystem was all abuzz just over one month ago when the much anticipated Coinbase stock listing finally arrived on April 14, a date that also marks the most recent all-time high in the price of BTC at $64,863.

DeFi growth helps push crypto’s share of the global money supply above 2%

The cryptocurrency market now accounts for 2% of the global money supply as DeFi and stablecoin growth point to steady increases in adoption. This year decentralized finance (DeFi) has proven to be a transformative sector for the cryptocurrency ecosystem and it is also making waves in among global financial markets as institutional investors become entranced with the potential to earn high yields on stablecoins, altcoins and Bitcoin. While the price action from Dogecoin (DOGE) has dominated the headlines in recent weeks, Delphi Digital has been chronicling the growth of the DeFi ecosystem on the Ethereum (ETH) network which has steadily been gaining strength over the past month.

Diem parters with Silvergate bank to launch stablecoin in the US

Facebook-initiated Diem Association announces a new model of its upcoming stablecoin that is set to be issued by California state-chartered bank Silvergate. Facebook-backed digital currency project, the Diem Association, has partnered with cryptocurrency-friendly bank Silvergate to launch a stablecoin pegged to the United States dollar.Diem announced Wednesday a new model of its upcoming stablecoin, relocating its main operations from Switzerland to the United States and withdrawing its application for a payment system license from the Swiss Financial Markets Authority.The association, which comprises of 26 financial firms including Nasdaq-listed cryptocurrency exchange Coinbase, is now planning to move forward with its USD stablecoin plans through Silvergate bank, which is set to be the issuer of the Diem USD and will manage the Diem USD reserve.Diem Networks US, Diem’s wholly-owned subsidiary, will run the Diem Payment Network, a permissioned blockchain-based payment system facilitating Diem stablecoin transactions.While Silvergate is a California state-chartered bank and a member of the Federal Reserve, Diem Networks US is seeking to register as a money services business with the US Department of the Treasury's Financial Crimes Enforcement Network, the announcement notes.“We believe in the future of US dollar backed stablecoins and their potential to transform existing payment systems,” Silvergate CEO Alan Lane said.

German Regulator Refuses to Budge in Binance Stock Token Dispute

Source: Instagram, Binance The Federal Financial Supervisory Authority (BaFin), the German financial markets regulator, has turned down a plea from the crypto exchange giant Binance to remove warnings about stock or inventory tokens – coins meant to represent shares in American stock market-listed firms. BaFin last month posted warnings on its website about possible securities law violations

Osprey Polkadot Trust Arrives as Institutional Interest in Altcoins Swells

The newest investment trust tracking polkadot echoes other moves by the fund manager to make cryptos accessible via traditional equity markets and satisfy growing investor demand as interest in ETPs mounts.

Here's why 'Dogecoin and Bitcoin are powerful memes'

The financial markets are rapidly growing, evolving, and witnessing a paradigm shift from 'old decaying currency' to 'digital and decentralized currency'.

Joe Biden’s Proposal to Double Capital Gains Tax Rate Shakes Financial Markets

The Biden administration has revealed plans to raise taxes on investors who are millionaires according to a flurry of recent reports.

Analysts say Coinbase listing represents a 'watershed’ moment for crypto

Analysts say the impact of Coinbase listing on the Nasdaq will be overwhelmingly positive as it is the bridge legacy investors will use to tap into crypto. Coinbase, the top cryptocurrency exchange in the United States will soon be a publicly listed company once its COIN stock launches on the Nasdaq stock exchange on April 14. Generally, the sentiment around the listing has been overwhelmingly positive from both the crypto and traditional financial markets.

An ECB Board Member Attacks Bitcoin, Says It ‘Does Not Fulfill the Basic Properties of Money’

Isabel Schnabel, a board member with the European Central Bank (ECB), has attacked bitcoin claiming the crypto asset “does not fulfill the basic properties of money.” She also describes bitcoin as a “speculative asset without any recognizable fundamental value and is subject to massive price swings.” Schnabel also surmises that trust in “cryptocurrencies might rapidly […]

Top 5 Fintech Predictions That Will Redefine The Landscape of Financial Markets in 2021

Undoubtedly fintech is leading us towards an unpredictable future considering the fintech leader’s insights and predictions.

Digital ruble is ‘highest form of money’, Russian Bitcoin critic says

The digital ruble will become an integral part of national settlements by 2023 or 2024, Anatoly Aksakov of the Russian State Duma predicted. Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, believes that the country’s not-yet-launched digital currency is the “highest form of money.” In a Monday interview with state media RT, Aksakov expressed optimism about Russia’s upcoming central bank digital currency, predicting that a digital ruble will become an integral part of national settlements in two or three years. Aksakov said that the Bank of Russia expects to finalize a digital ruble prototype by the end of 2021, and plans to issue a development roadmap in the near future.

Dysfunctional Financial Markets Are Making Inequality Worse

Arman Hassanniakalager, Lecturer in Finance, University of Bath. ________ The global market in government bonds has been bleeding red lately.

Evotrade.com - A Reliable Forex Broker

Disclaimer: The text below is a press release that was not written by Cryptonews.com. Evotrade is a fairly new broker that has already helped thousands of traders make their first steps into trading on the financial markets.

EU securities regulator warns about risks of ‘non-regulated’ cryptos

The ESMA analyzed the impact of COVID-19 on financial markets, highlighting the supposed risks linked with crypto investment.

Anthony Pompliano Says Bitcoin Is Apex Predator of Financial Markets, Federal Reserve Has Outlawed Bear Markets

Morgan Creek Digital founder Anthony Pompliano says Bitcoin is the apex predator of the financial markets as he notes that investors are racing into it as a safe-haven asset.

Decentralized finance may be the future, but education is still lacking

Education and accessibility are crucial to make DeFi more accessible to the upcoming inflow of retail investors. Engaging in the traditional financial markets has become less appealing to consumers and institutional investors as of late.

Big Tech sell-off and rising Treasury yield pin Bitcoin price below $50K

A sharp spike in the 10-year US Treasury yield and an extended Big Tech sell-off is weighing on cryptocurrency prices as investors flee risk-on assets. Bitcoin (BTC) continues to struggle below $50,000 on March 5 as a spike in the 10-year Treasury yield to 1.62%, its highest level in over a year, has taken a toll on global financial markets and hit risk-assets especially hard.  At the time of writing the S&P 500 and Dow are up 0.46% and 0.64% but the tech sector sell off continues as companies like Apple and Tesla continue to slump further.  Economists see rising bond yields as the result of improvements in the economy thanks to the Covid-19 vaccine rollout and the expectation that economic activity will ramp up as the rate of coronavirus infections drop. The

Increasing stock market volatility drags Bitcoin and altcoin prices lower

Growing concerns over rising US Treasury yields are putting pressure on global financial markets and possibly dragging cryptocurrency prices lower. The cryptocurrency market faced another day of downward pressure as the unease in the traditional markets continues to spread following the recent interest rate spike on the 10-year US Treasury bond.  Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin (BTC) fell to a low at $44,710 late on Feb.

Bitcoin price flies solo? Institutional crypto push may be overrated

Bitcoin’s market cap broke the $1 trillion barrier without a final push from institutions — could their influence be overrated? In the history of financial markets, there are only a few tradable assets that have conquered this frontier.

'Markets want Bitcoin and digital dollar as reserve currency'

In his latest market insight, Senior Commodity Strategist at Bloomberg Intelligence, Mike McGlone said that financial markets may now want to replace US Dollar reserves with Digital Dollars and Bitcoi The post 'Markets want Bitcoin and digital dollar as reserve currency' appeared first on AMBCrypto.

Arthur Hayes is Back: Bitcoin is the Other Game as Opposed to Traditional Finance Systems

After months of inactivity on social media, the former CEO of BitMEX, Arthur Hayes, shared a post detailing his views on the most recent events in the financial markets.

El Español Says Spanish Authorities Joint Statement Is a Warning to Companies in the Wake of Tesla’s BTC Buy

The Spanish financial markets watchdog and the country’s central bank criticized — again — cryptocurrencies as an investment asset.

Spain Crypto Warning Was ‘to Spook Companies Planning Tesla-type BTC Buys’

A new report claims that the top Spanish financial markets regulator and the nation’s central bank may have released their latest warning about the “dangers” of crypto investment in an attempt to scare companies in the country away from following Tesla’s lead by getting into bitcoin (BTC) buying. Earlier this week, the Banco de España (Bank of Spain) and the regulatory

WallStreetBets Is Disrupting Financial Markets — Possibly Permanently

Pierre-Yann Dolbec, Assistant professor in marketing and Research Chair in Complexity and Markets, Concordia University. __ If the financial world follows the pattern seen a decade or so ago in other markets, such as fashion and music, Reddit’s WallStreetBets (r/wallstreetbets) phenomenon might have transformed investing forever.

Chainlink Price Analysis: 30 January

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The financial markets around the world have been shaken by the ac The post Chainlink Price Analysis: 30 January appeared first on AMBCrypto.

Social trading platform eToro ended 2020 with $600M in revenue

The exchange platform’s foray into cryptocurrency has been highly lucrative thus far. Exchange platform eToro is coming off a stellar year of growth, as novice traders seek new pathways into the financial markets, including cryptocurrency.  The online brokerage firm ended 2020 with gross revenue of $600 million, with total trading volume surging 40% to $1.5 trillion.

Synthetic dreams: Wrapped crypto assets gain traction amid surging market

Synthetic crypto assets offer vast potential to shake up the crypto and traditional financial markets, but what’s behind the current growth? Amid all the excitement of crypto’s biggest bull run in history, some assets have been outperforming even the current high-performing market.

2021 Opens With a Bang for Investors

It was a wild ride for Wall Street last year, with the coronavirus pandemic sending both economies and financial markets into turmoil.

Enterprise blockchain trends that will drive adoption in 2021

Enterprise blockchain matured throughout 2020 and will continue to do so moving forward, here’s how it may become mainstream. The year 2020 has been monumental for the blockchain sector, especially in regards to financial markets.

Bitcoin Prices in 2020: Here’s What Happened

COVID-19 ravaged the world's economies but prompted mainstream financial markets to start taking bitcoin seriously.

Russian Parliament Foresees a Wave of Token Issuance for 2021 in the Wake of Crypto Law Promulgation

The head of the Russian parliamentary committee on financial markets and the country’s first crypto law’s author is forecasting a “surge in token issuance” for 2021 in the wake of the promulgation expected to take place in January.

Presidential Advisory Group Weighs In on Regulatory Approach to Stablecoins

Stablecoins should meet the same regulatory standards as other financial instruments, Trump’s Working Group on Financial Markets said.

Russia’s State Duma expects explosion of crypto issuance in 2021

Russian government appears to anticipate crypto issuance to explode in 2021 following the adoption of its major crypto bill. The Russian government is anticipating more cryptocurrencies to be issued in the local market in 2021, according to a senior official. Anatoly Aksakov, a member of the Russian State Duma and a key representative of local crypto legislation efforts, said that the Duma’s Committee on Financial Markets expects Russian crypto issuance to surge after the adoption of the country’s new crypto law on Jan.

Russian Parliament Expects a 2021 ‘Surge’ in Token Issuance

Russia’s parliament, the State Duma, said that it is braced for a “surge in token issuance” in the new year. Per a report published in the Parliamentary Gazette, Anatoly Aksakov – the head of the Duma’s committee on financial markets and the chief architect of Russia’s crypto legislation – stated that parliament was expecting token releases to come thick and

Why Bitcoin and Stocks Went Wild During A Global Recession

Bitcoin has followed financial markets in hitting all-time highs in 2020, while the globe slipped into a global recession.

BTC Options Open Interest Surges, Traders Look to an Unfilled Bitcoin Futures Gap at $18K

Bitcoin prices have been volatile during the last few weeks, but have managed to climb higher in value at the same time.