Advertisements Prices on the majors stabilized after a rally at the end of the U.S. trading week, while the crypto winter continues to thaw in every part of the market from bitcoin to ether and DEXs. Bitcoin (BTC) began the trading week in Asia above $37,000 and ether (ETH) above $2,000, with prices little changedContinue reading “Grayscale Discount Continues to Narrow as Spot Bitcoin, Ether ETF Euphoria Works Through Markets”
Category Archives: Finance
Market Watch: VN-Index declines, GEX divests capital, SBV injects net 40 trillion VND
The index is expected to rebound today to retest the MA200 resistance at 1,115 points.
Ethereum Fees Briefly Jumped to $100 After BlackRock’s ETH ETF Filing
Advertisements Fees spiked to as high as 270 gwei late on Thursday, the data shows, temporarily touching a level last seen in June 2022. Heightened demand for block space on the Ethereum network has made transactional activity significantly more expensive for ether (ETH) users in the past 24 hours, data from Dune Analytics show. Fees,Continue reading “Ethereum Fees Briefly Jumped to $100 After BlackRock’s ETH ETF Filing”
UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg
Advertisements The news comes a day after HSBC, one of the world’s largest banks, said it plans to start a digital-assets custody service for institutional clients. Swiss bank UBS’ wealthy clients can now take exposure to three crypto exchange-traded funds (ETFs) through the lender’s Hong Kong platform, according to a Bloomberg report citing a personContinue reading “UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg”
Standard Chartered, SBI Holdings Establishing $100M Investment Firm Targeting Crypto Startups
Advertisements SC Ventures and SBI Holdings’ Digital Asset Joint Venture investment company will be established in UAE and focus on firms in market infrastructure, risk and compliance, DeFi and tokenization Standard Chartered’s (STAN) venture arm is teaming up with Japanese financial services firm SBI Holdings to form an investment company with $100 million backing toContinue reading “Standard Chartered, SBI Holdings Establishing $100M Investment Firm Targeting Crypto Startups”
Cardano-Based DEX MuesliSwap to Open Refund Site ‘Soon’ as Some Users Voice Concerns
Advertisements The DEX previously said traders lost a significant amount of ADA due to a “misunderstanding” about how the platform operates, but confirmed it would refund losses at the time. MuesliSwap, a Cardano-based decentralized exchange (DEX), would soon open its claims window to refund high slippage losses said to have been incurred over a 12-monthContinue reading “Cardano-Based DEX MuesliSwap to Open Refund Site ‘Soon’ as Some Users Voice Concerns”
Why the U.S adds Vietnam to a “monitoring list” of foreign exchange policies?
The State Bank of Vietnam clarified that the report did not categorize Vietnam as a currency manipulator
CBDCs Are ‘Central’ to Innovating Financial Systems, BIS Chief Says
Advertisements Central banks will have a limited role to play relative to the private sector in CBDC issuance, BIS general manager Agustín Carstens said. Central bank digital currencies (CBDC) are key to innovating financial systems, and the private sector will play a major role in getting them to market, said Agustín Carstens, the head ofContinue reading “CBDCs Are ‘Central’ to Innovating Financial Systems, BIS Chief Says”
HSBC to Offer Tokenized Securities Custody Service for Institutions
Advertisements The platform, planned for 2024, complements its new offering for tokenized gold as well as one for issuing digital assets. HSBC, one of the world’s largest banks, said it plans to start a digital-assets custody service for institutional clients focusing on tokenized securities in conjunction with Swiss crypto safekeeping specialist Metaco. Once live inContinue reading “HSBC to Offer Tokenized Securities Custody Service for Institutions”
MSB Wins Prestigious Awards for Digital Excellence and SME Support
These awards serve as a testament to MSB’s dedication to its digitalization journey, serving as a source of motivation for the bank to further expand the use of advanced technology, enhancing the quality of financial services and striving to achieve its goals in the near future
Exploring the Attraction: Why Foreign Investors are Eager to Acquire Vietnamese Consumer Financial Businesses
Leading financial conglomerates are extending their influence in Vietnam through the acquisition of entire or partial stakes in consumer finance companies.
Vietnam Market Watch: Currency and Financial Market Overview: November 3, 2023
Foreign investors continued to net sell more than 470 billion VND on all three exchanges.
Bitcoin’s Safe Haven Status Bolstered by Treasury Underperformance, Mohamed El-Erian Says
Advertisements “You have people talking about bitcoins, about equity, being the safe asset,” El-Erian told CNBC. Bitcoin (BTC) is emerging as a safe haven asset, with the U.S. Treasury bonds falling out of favor in the wake of the Israel-Hamas conflict, according to Mohamed El-Erian, chief economic advisor at German financial services firm Allianz. “YouContinue reading “Bitcoin’s Safe Haven Status Bolstered by Treasury Underperformance, Mohamed El-Erian Says”
BitGo Granted German Crypto Custody License by BaFin
Advertisements BitGo had already been storing crypto assets under the regulator’s supervision since 2019 as part of a transitional regime, the firm said. U.S.-regulated cryptocurrency custody firm BitGo has been granted a crypto custody license by the German Federal Financial Supervisory Authority (BaFin). BitGo, which received approval from the New York Department of Financial ServicesContinue reading “BitGo Granted German Crypto Custody License by BaFin”
Crypto Market Breadth Widens, Signals Bullish Momentum
Advertisements Market breadth is a technical analysis technique that gauges the number of tokens participating in bitcoin’s rally. Bitcoin (BTC), the leading cryptocurrency by market value, has gained nearly 27% this month, registering its most significant single-month percentage rise since January. A swath of alternative cryptocurrencies is following BTC’s lead, according to data provider ByteTree’sContinue reading “Crypto Market Breadth Widens, Signals Bullish Momentum”