Financial Industry News
Chinese police have seized over $15 million in crypto and supercars worth $2 million from the alleged operators of a novel scam that sold counterfeit tokens. In an article published Thursday, China’s Ministry of Public Security, which oversees the country’s police forces, said police in the city of Wenzhou has arrested 10 individuals suspected of […]
Continue ReadingBitcoin (BTC) is preparing to copy gold as it aims for all-time highs, according to an exchange amid fresh warnings that a correction is due. In a tweet on July 9, LATOKEN highlighted the increasingly “correlated” relationship between the precious metal and BTC. Bitcoin-gold correlation increasing? After XAU/USD topped $1,800 for the first time since […]
Continue ReadingBinance first announced plans for a UK crypto trading platform in mid-June. The company has now confirmed an Autumn 2020 rollout. Source: binance.com The UK platform will provide GBP and Euro on/off ramps via bank transfer through the UK’s Faster Payments service, as well as the equivalent function in Europe, the Single Euro Payments Area […]
Continue ReadingCardano (ADA) has embarked on a parabolic surge over recent weeks. From the March lows, the altcoin is up by approximately 700%. And in the past week alone, ADA is up by 50%. Chart of Cardano’s (ADA’s) price action since the start of February from TradingView.com The cryptocurrency is outperforming on the launch of the […]
Continue ReadingIt’s not quite a seal of approval, but one of Europe’s largest financial markets is giving cryptocurrencies the equivalent of the bar codes found on soup cans and jam jars. Late last month, the London Stock Exchange Group (LSEG) added 169 digital assets to its SEDOL Masterfile service, a global database that assigns unique identifiers […]
Continue ReadingAirline firms are scrambling to lower daily operating costs to survive the pandemic. The number of infections is continuously increasing, fueling the uncertainty around the tourism market. The Dow Jones U.S. Airlines Index (INDEXDJX: DJUSAR) dropped by 27.7% in 1 month. Airlines cannot catch a break. United Airlines might furlough 36,000 employees, AirAsia shares were […]
Continue ReadingCalling Chainlink’s (LINK) recent price performance impressive would almost be an understatement. The cryptocurrency has been on a tear over the past three days. After printing a topping pattern near $4.70, the altcoin rocketed higher by around 50%, reaching a high of $6.60 on Wednesday. Despite the pullback to $6.30, LINK is still up by […]
Continue ReadingBybit has announced it is launching a brand-new series of trading contests called the “World Series of Trading.” Targeted at traders of all levels, Bybit will allocate prizes from a pool worth 200 BTC or over $1.8 million at the current market price. The company plans to run the event twice each year, with the […]
Continue ReadingThe Children’s Heart Unit Fund (CHUF), a UK-based charity that supports children with cardiac ailments, recently announced that it had received nearly $48,000 in donations made using cryptocurrency. According to Charlotte Campbell, director of Fundraising and Operations at CHUF, the charity first considered accepting crypto donations after one of its donors, Dan Bainbridge, suggested it. […]
Continue Reading$16.7 million worth of decentralized finance (DeFi) liquidity protocol Kyber Network’s KNC token have been locked up in staking within 24 hours of the service’s launch. The milestone was noted by Kyber co-founder Loi Luu, who tweeted to announce that nearly 10.5 million KNC had already been staked. Hype for the launch drove a major […]
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