Category: <span>Crypto Currencies</span>

A Standard Chartered PLC unit intends to establish a cryptocurrency brokerage and exchange platform in Britain and Europe, targeting institutional clients, the bank said on Wednesday. The new exchange will be created by a joint venture between SC Ventures, the bank’s innovation arm, and BC Technology Group, which operates Hong Kong-licensed cryptocurrency exchange OSL. The...

Cryptocurrency Ethereum extended gains to rise more than 8% on Monday to $2,587 but remained 40% below a record high of above $4,300 hit earlier this month. At 1153 GMT, it was trading up 7.4% at $2,565.69. Larger rival Bitcoin also gained in its wake with the world’s biggest and best-known cryptocurrency rising 3.7% to...

HSBC CEO Noel Quinn is not interested in cryptocurrencies. The chief executive speaking to Reuters in an interview said his bank has no plans to launch a cryptocurrency trading desk, they are too volatile and lack transparency, we are not into bitcoin as an asset class.” According to Reuters, Europe’s largest bank’s stance on cryptocurrencies comes as...

Cryptocurrency exchange platform, Coinbase has appointed former White House staffer, Faryar Shirzad as chief policy officer. The company made the announcement on Monday through its website blog. Shirzad joins the company against the backdrop of increased regulatory scrutiny around digital currencies globally. Before joining the company, he served as deputy National Security Advisor for International Economic...

Crypto has received words of confidence from a former U.S. Treasury Secretary, who says it could remain a permanent fixture on global markets as “a kind of digital gold.” In an appearance on Bloomberg TV’s Wall Street Week, Lawrence Summers said that cryptocurrencies allowed investors an alternative asset that they could keep separate from “the day-to-day workings...

Nonfungible tokens, or NFTs, are a new kind of collectible to spend your money on — or potentially earn big bucks — that’s outstripped cryptocurrency in hype and popularity. But unlike a Pokemon card, a comic book or a traditional piece of art such as a painting, they’re entirely digital, tied to things like a video highlight, a meme...

Timeless Capital has chosen Xago’s bespoke crypto Payment Platform and Trade Xchange to open up markets with entrepreneurs in the rising economies of Africa. Mark Chirnside, CEO and Co-Founder of Xago, states, “we are very pleased to partner with a future-focused company like Timeless Capital Technology.  It is perfect timing as we have developed, tested and...

Incrypted Asia 2021, which is one of the most premier Blockchain conferences that connects with the investors, start-up entrepreneurs, and top entrepreneurs in the blockchain and cryptocurrency spheres since 2016 happened on April 30 and May 1st, this year. With over 500 attendees, 50+ speakers having more than 20+ sessions with 5 million Twitter impressions,...

Electric car maker Tesla motors makes a dramatic turn on Bitcoin. Tesla will no longer accept bitcoin for car purchases, Chief Executive Elon Musk said on Wednesday, citing long-brewing environmental concerns for a swift reversal in the company’s position on the cryptocurrency. Bitcoin fell more than 10% after Musk tweeted his decision to suspend its...

NexChange Group and Marita Group Co-Host Africa Blockchain Week Virtual Summit to Showcase Continent’s Technological Leapfrog The inaugural Africa Blockchain Week will launch from June 28th to July 1st 2021. NexChange Group, a blockchain ecosystem and venture builder and MARITA Group, an African conglomerate will combine forces to co-host this Virtual Summit.  The event will...