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“# Former Bitcoin opponent says crypto is an effective hedge against currency debasement ” Financial industry veteran George Ball believes investors would be prudent to allocate a “small part” of their portfolio to cryptocurrencies — marking a major departure from his previous stance towards digital assets. In an interview with Yahoo Finance, Ball described cryptocurrencies…
“# Polkadot futures market flippens Litecoin as its open interest hits $573M ” Polkadot (DOT) has been raising eyebrows for the past couple of months as the interoperability-focused altcoins has gained 625% in the past three months. The promise that interoperability between blockchains will be a viable solution to the high Ethereum gas fees plaguing…
“# NFT boom triggers parabolic rallies in Chiliz (CHZ) and Flow ” Strong hands view a correction in an uptrend as a buying opportunity and data from CryptoQuant shows that Bitcoin (BTC) whales have been buying near $48,000. This activity can be seen in the large Coinbase outflows, most of which went to custody wallets…
“# Much wow! The Dallas Mavericks to accept Dogecoin for tickets and merch ” Dogecoin (DOGE), a cryptocurrency borne out of a joke, can now be used as payment for tickets and merchandise for the Dallas Mavericks basketball team. The National Basketball Association franchise confirmed Thursday that it has become the first major business to…
“# BitGo receives trust license from New York regulators ” Major American digital asset custody and security company BitGo has acquired a New York Trust license from the New York State Department of Financial Services. According to an announcement, the new charter enables BitGo to provide custodial services for institutional clients in New York seeking…
“# Vietnam’s finance ministry warns about crypto trading risks ” Vietnamese financial authorities have warned the public about the risks of cryptocurrency investment as the industry is not regulated in Vietnam, local news agency Thanh Niên reports Wednesday. The Ministry of Finance of Vietnam stated, “Vietnam has not adopted any legislation related to the issuance,…
“# How wallet platforms are taking on exchanges ” One of the biggest trends in recent months has seen Bitcoin flow out of exchanges into wallets. Generally, this is interpreted as a bullish sign — indicating that investors are optimistic about further growth in cryptocurrency prices. But delve deeper, and there’s more to this than…
“# Coinbase CEO tops China’s Hurun list of blockchain billionaires ” The CEO of the United States’ largest cryptocurrency exchange, Coinbase, has topped the list of global industry billionaires by China’s Hurun Research Institute. Issued on March 2, the latest Hurun report provides a brief overview of the world’s richest, stating that the number of…
“# Colombia’s oldest commercial bank pilots crypto services ” Colombia’s oldest commercial banking institution, Banco de Bogotá, is reportedly exploring cryptocurrency-related services. According to a report by local news agency Portafolio, Banco de Bogotá announced Monday that it will participate in a pilot project directed by the Superintendencia Financiera de Colombia, the country’s top financial regulator….
“# Bull flag breakout sets a $55,000 target for Bitcoin price ” Bitcoin (BTC) price sliced through the $50,000 resistance level during the early trading hours on March 3 as bulls found their momentum and the majority of altcoins joined in on the rally as the day progressed. Data from Cointelegraph Markets and TradingView shows…