Bitcoin

Vietnam Ministry of Finance has warned citizens against the dangers of illegal trading and investing in cryptocurrencies. This comes following the growing popularity of cryptocurrencies, particularly bitcoin in the Asian nation.  A primary concern for authorities  As per a report from local news outlet Vietnambreakingnews the Ministry of Finance put out the warning on March 2nd, the story says that the ministry is wary that cryptocurrencies are associated with high-tech crimes in the nation.  The ministry noted that crypto trading…

The American multinational investment bank and financial services company, Goldman Sachs Group Inc, plans to reopen its cryptocurrency trading desk and start trading bitcoin derivatives.  According to a Monday report citing sources familiar with the matter, Goldman Sachs will sit within its Global Markets Division and "begin dealing bitcoin futures and non-deliverable forwards for clients from next week." Additionally, the banking giant will also be "exploring the potential for a bitcoin exchange-traded fund and has issued a request for information…

Dubai-based Investment firm FD7 Ventures has launched a $250 million micro-fund targeting Polkadot (DOT) and Cardano (ADA) projects. This is part of the investment firm's aim to expand its existing business portfolio.  $250 million Micro Fund FD7 Ventures revealed this move in a press release on February 28, 2021. According to the report, this development was part of opening an office in Bangalore, India. FD7 wants to build a presence in Bangalore, an area widely considered the home of India's…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,332 trillion. Bitcoin decreased by more than 22% to trade below $44,000. Ethereum lost more than 31% over the week to trade at around $1,300 again. XRP lost around 25% of its value to trade around $0.41. Cardano became the 3rd-largest crypto by market cap after a 7% increase in value. The DeFi sector…

Nasser Hakimi, the former deputy governor of the Central Bank of Iran, has warned Iranians about investing in Bitcoin. This comes on the back of the growing popularity of cryptocurrencies in Iran.   A major investment risk  Hakimi revealed his opinion on cryptocurrencies in an interview with local news outlet Tasnim News Agency. According to him, bitcoin is a volatile asset that poses significant financial risks to investors.  He further added that investors should exercise caution in purchasing bitcoin and desist from…

Leading digital-asset investment firm Grayscale Investments has announced that it is considering several crypto-assets for potential product offerings. This, according to the firm, is part of its aims to diversify its current product portfolio.  23 Cryptocurrencies Under Consideration Grayscale revealed this latest development in a press release on February 26, 2021. According to the report, the firm is currently exploring 23 crypto-assets to expand its current investment products for its clients.  Several top cryptocurrencies are included, including smart contract-based platforms…

Sidelined Wall Street legend Mike Novogratz, founder and CEO of Galaxy Digital Holdings has recently predicted that the bitcoin bull run will continue until the asset's price hits $100,000. Bitcoin's Price To Double By Year-End In an interview with Bloomberg on Thursday, Novogratz said that bitcoin might stay within the $50,000 mark for a little while, but it will ultimately get to $100,000 this year. He said, "It feels like we’re going to consolidate a little bit in this US$50,000…

 Swiss Bank Border & Cie SCmA has announced that it will offer trading in bitcoin and other cryptocurrencies. This heralds a new development for the Swiss bank as it looks to get a first-mover advantage in the growing crypto industry.  Crypto Service Facilitated by Sygnum Bank  Border & Cie SCmA revealed this latest development in a press release today, highlighting the different crypto features it would be offering. According to the report, Bordier has partnered with the Crypto-based firm Sygnum…

India's central bank, the Reserve Bank of India (RBI), is worried about the effect of cryptocurrencies in the region. The bank is also developing the digital rupee as it looks to join the list of countries with Central Bank Digital Currencies (CBDC).  Crypto Concerns from India's Apex Bank   RBI governor Shaktikanta Das echoed this latest concern in an interview with local news outlet CNBC TV-18 on Wednesday. Das revealed that the bank had significant problems with cryptocurrencies and had informed…