Good news for Thailand’s banks: The Central Bank of Thailand (POT) gave the green light to the financial institutions for investments in crypto sector. Subsidiaries of Thai financial institutions are now allowed to participate in crypto transactions, including the issuance of their own tokens. Investments in cryptocurrencies are now also allowed to affiliates provided they follow the rules established by their respective regulators. For the parent companies, the … Continue reading Central Bank of Thailand gave green light for crypto investment!
US investment giant Goldman Sachs expects cryptocurrency prices to continue to fall. The same can be seen in an updated version of the company’s annual outlook, which was released on August third. This confirms Goldman Sachs their bearish positioning to Bitcoin & Co. in January of this year . The descent of the Bitcoin price since its all-time high last December is expected to continue. Goldman Sachs comes to this conclusion in … Continue reading Goldman Sachs sees Bitcoin price drop further!
Bitcoin price dropped to around $ 6,970 at the time of writing, dropping nearly $ 500 over the past 24 hours. The downtrend is counterbalanced by the fact that yesterday’s biggest news for Bitcoin and the cryptocurrency market was released after the New York Stock Exchange (NYSE), Microsoft and Starbucks announced a platform to trade “physical” Bitcoin futures will offer. Thus, the current downtrend stands in … Continue reading Bitcoin: Possible reasons for downtrend
Hedge fund manager Brian Kelly, who is responsible for market analysis on CNBC’s Fast Money, described the Intercontinental Exchange’s announcement of the launch of the new Bakkt platform as the “Biggest News of the Year for Bitcoin”. As the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), recently announced, the company will launch a new digital assets platform called “Bakkt” with the support of technology partner Microsoft . The … Continue reading CNBC analyst: Bakkt is one of the biggest news of the year for Bitcoin!
Stock market in Stuttgart is expanding its business field further. After the launch of the BISON app, Germans want to build an ICO platform. In future, it will be possible to launch legally compliant ICOs in Germany as well. It also wants to provide a secure way to trade cryptocurrencies like Bitcoin. According to a press release, the Stuttgart Stock Exchange wants to create a … Continue reading Stock market in Stuttgart announces ICO platform and trading platform for Bitcoin
Indian crypto investors are seeking ways to circumvent cryptocurrency ban launched by central bank RBI in April. Some are now using Dabba trading: an almost one hundred year old form of trading. But it is not legal. In the spring of this year Indian crypto investors lost their laughter. Because it was not a late April Fool’s joke, as the central bank of India on … Continue reading Dabba Trading: Indian tradition vs. crypto prohibition
Digital assets, this weekend, have recovered a touch after a temporary price dip that started roughly 48 hours ago but crypto-values have rebounded once again on July 27. This Saturday, all 1600+ digital currencies are seeing slight gains as the entire cryptocurrency market capitalization at the start of the weekend is around $297.9Bn USD, with over $32.2Bn worth of cryptos swapped in the last 24 … Continue reading Crypto prices see some recovery after the dip!
Messaging service Telegram launched a new crypto-oriented feature on Thursday. Telegram Passport is a “unified authorization method for services that require personal identification”. KYC for ICOs in other words, which the Russian chat platform names as one of its intended use cases for Passport. Documents will be secured by end-to-end encryption, and Telegram has promised that the service will eventually move to “a decentralized cloud”. … Continue reading Telegram launches passport service for ICO verification!
Blockchain Capital partner Spencer Bogart compared Bitcoin (BTC) to a “tinderbox” telling CNBC prices could grow further due to multiple “catalysts.” Speaking to CNBC’s Fast Money, Bogart, who is regular commentator on the network and on cryptocurrency social media, adopted a notably bullish tone compared to just weeks ago when Bitcoin was trading around $6,000. “Any number of catalysts could send bitcoin exploding higher,” he forecast, adding: “Bitcoin is kind … Continue reading Bitcoin waiting for reasons to go higher!
South Korean Financial Services Commission (FSC) has urged lawmakers to hasten their approval of the country’s first cryptocurrency bill! Hong Seong-ki, head of the FSC’s virtual currency response team, has reportedly warned of the security and money laundering risks courted by the country’s domestic crypto exchanges. Bloomberg cites Seong-ki as saying that: “While crypto markets have seen rapid growth, such trading platforms don’t seem to be well-enough … Continue reading South Korean Financial Services Commission (FSC) has urged lawmakers for approval!