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BTC Is a Bubble, UBS Group Says
Cryptocurrencies Especially BTC Is a Bubble, UBS Group Says

UBS Group says that Bitcoin is a bubble The BTC mining ban in China affects the crypto world badly The UBS Group, a Swiss financial giant, has warned its investors about the unstable market of cryptocurrencies. Furthermore, the UBS Group says that Bitcoin is like a bubble that could pop up anytime. This advice made by the financial firm is due to wild market swings that the crypto world has performed lately.  The UBS firm explained: “We’ve long warned that shifting investor sentiment or regulatory crackdowns could pop bubble-like crypto markets.” UBS added that the attack made by the Chinese

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Grayscale Adds Cardano
Grayscale Adds Cardano to Portfolio, Now Manages $29.8B Crypto

Grayscale has added Cardano (ADA) to its Digital Large Cap Fund, which is now worth $348.9 million. The firm’s total assets under management are now worth $29.8 billion. ADA price is $1.42, according to CoinGecko. Crypto investment firm Grayscale has recently added Cardano (ADA) to its portfolio. According to a press release, Grayscale sold a portion of its fund’s components to buy ADA. Grayscale VP of Finance Edward McGee said the move was to ensure their diversified fund can hold crypto that “collectively comprise 70%” of the total crypto market. McGee added, “Digital currencies represent a unique opportunity for investors

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Altcoins Show Bullish Trend
Altcoins Show Bullish Trend as BTC Dominates South Korea

Altcoins show bullish signals  The whole crypto market cap is up by 3.6% The market capitalization of the whole crypto market is up by 3.6%. As a result, Altcoins such as ETH, BNB, XRP, and DOT are now skyrocketing. Specifically, each of these cryptos mentioned above recorded a 7-day growth rate of over +10%. Indeed, this is an event that caught the attention of investors around the world. This made Lark Davis, a crypto analyst, react in a tweet post: Furthermore, cryptos like XDC Network (XDC), and Compound (COMP) both scored a whopping over +100% growth rate in the past

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Philippine Stock Exchange to Trade Crypto
Philippine Stock Exchange to Trade Crypto After Regulator Approval

The Philippine Stock Exchange revealed its plan to become the center for trading cryptocurrencies. This will likely happen once the country’s Securities and Exchange Commission (SEC) has approved. Cryptocurrencies such as Bitcoin and Ethereum are legal in the country. The Philippine Stock Exchange (PSE) has recently expressed its intention to lead cryptocurrency trading in the country. According to CNN Philippines, this will happen once the Asian country’s regulator has given its approval. PSE President and CEO Ramon Monzon said the idea was raised during an exclusive management meeting a couple of weeks ago. Monzon added: “If there should be any

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Brazil National Football Federation to Launch NFT
Brazil National Football Federation to Launch NFT Fan Token

Brazil’s official football organization announced it will launch its own NFT tokens. Pre-sale and trading dates are yet to be determined. Prior to the deal, Bitci has already signed partnerships with other sports organizations. Confederação Brasileira de Futebol (CBF), the official football organization of Brazil, has recently partnered with Turkish blockchain firm Bitci. The partners will enable CBF to create official NFT fan tokens for the country’s national football teams. According to Sport Business, the collaborators will still be determining the pre-sale and trading dates of the said tokens. Also, CBF plans to list the tokens on different exchanges in

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Blockchain Powers Amazon
Blockchain Powers Amazon While Telco Uses Blockchain Roaming

Amazon believes in the power that blockchain brings Telco industries use blockchain technology to power roaming services The e-commerce giant, Amazon, increases its interest in the power of blockchain technology. Interestingly, Amazon is looking for a blockchain product leader that could drive the vision of the company using blockchain technology. Indeed, this is a piece of good news that brings excitement to all the blockchain professionals around the world. Amazon job description explains: ” We are looking for an experienced product leader to drive the vision, roadmap, feature definition and go-to-market strategy of the AWS product offering across the rapidly

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Mexican Banco Azteca May Start Accepting Bitcoin
Mexican Banco Azteca May Start Accepting Bitcoin Soon

Multibillionaire Ricardo Salinas Pliego revealed that his banking business Banco Azteca may start accepting Bitcoin soon. If this happens, Banco Azteca could become the first bank in Mexico to do so. Salinas is the third richest man in Mexico and 166th in the world, according to Forbes. Ricardo Salinas Pliego, the third richest man in Mexico and 166th in the world, announced that his Banco Azteca may begin accepting Bitcoin. If this happens, Salinas’ banking business would become the first bank in the country to accept crypto. Salinas wrote the reply after the release of a video of him discussing

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Binance Services Says Goodbye to the UK
Binance Services Says Goodbye to the UK

UK bans Binance services in the country. Binance maintains its top 5 positions in the crypto market. The hunt against crypto exchanges in different countries continues. This time the UK government shuts down Binance activities in their country. As per the UK authorities, Binance holds no authorization, registration or license to conduct activities in the UK. As a result, most of the Binance activities in the UK are being banned. Indeed, this movement made by the UK authorities saddened the crypto community in the country. The U.K. Financial Conduct Authority (FCA) explained: “A significantly high number of crypto asset businesses

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Israel to Trial CBDC on Ethereum Blockchain
Israel to Trial CBDC on Ethereum Blockchain

Israel has already started testing its own CBDC. The country has chosen to use Ethereum blockchain for its smart contract function. The Bank of Israel also revealed that they began researching about CBDC since 2017. The Bank of Israel recently announced that it has begun to trial its own central bank digital currency (CBDC). Interestingly, it will be using the Ethereum blockchain, possibly due to its smart contract functionality. In fact, Israel is calling for smart contract proposals which could be implemented alongside its CBDC smart contract. Earlier, the bank asked experts regarding their thoughts on the creation of a

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Binance Bids Farewell to Ontario
Binance Bids Farewell to Ontario, Canada

Binance stops its services in Ontario Canada UK cracks down crypto exchange operations in the country The world’s biggest crypto exchange, Binance can no longer continue its service in Ontario, Canada. This movement of Binance was made after Ontario accused Bybit for failing to follow the rules of the province. According to the government of Ontario, Bybit failed to bring its operations into compliance with Ontario securities law before its deadline on April 19, 2021. The Chair and CEO at the OSC, Grant Vingoe explained further: “Unregistered crypto-asset trading platforms expose Ontario investors to significant risks, including potential loss, theft

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El Salvador BTC legal tender is optional
El Salvador BTC legal tender is optional, locals get $30 BTC

Bitcoin as legal tender in El Salvador is optional Businesses in El Salvador can accept Bitcoin but not receive them El Salvador gives $30 Bitcoin to its citizens El Salvador president Nayib Bukele stated on the last national chain that Bitcoin as a legal tender is optional. Specifically, Bukele pointed out that businesses in their country can decide if they will accept Bitcoin or not. This statement by the president of El Salvador contradicts the current law of Bitcoin as a legal tender in the country. Bukele further explained: “ Using Bitcoin as legal tender “will be optional” and businesses

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Andreessen Horowitz
Andreessen Horowitz Hires Ex-SEC Finance Director for $2.2B Crypto Fund

Andreessen Horowitz launched $2.2 billion crypto fund and hired former SEC Finance Director Bill Hinman. The firm is notable for its early investments in highly successful companies such as Facebook. Hinman is popular for stating that Bitcoin and Ethereum are not securities. Prominent crypto valley investment firm Andreessen Horowitz announced the launching of Crypto Fund III, which will enable it to continue investing in promising crypto startups. The fund is worth a whopping $2.2 billion, and will represent “the beginning of an exciting new chapter”. The announcement read, “We believe that the next wave of computing innovation will be driven

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