The high jump in new registrations is on 45% increase, equivalent to 70 million compared to the previous year. The BSE stock exchange revealed this information was in their data. There had been an increasing number of users, mostly young investors in remote locations across India last year. According to the Economic Times report, these…
A recent survey from Deloitte that collated data from 1,280 senior finance executives in 10 locations across the world produced interesting results regarding the blockchain industry. This survey is Deloitte’s fourth annual Global Blockchain Survey, which focuses on the financial services industry (FSI). Findings from the survey show that there is a need for the…
Crypto had started to bull in 2020 at the height of the pandemic. Most thought that the financial markets would suffer greatly when most of the world went into lockdown, this would turn out to not be the case. Although the various markets had experienced price crashes at the beginning of the pandemic. Then, markets…
Bitcoin market dominance continues to decline as the markets make their way back up the charts. The top cryptocurrency has seen its market share consistently dropping as investors get interested in altcoins. Over the five years since it has been in operation, Ethereum now has a bit under half the market dominance of the digital…
Ukrainian authorities have allegedly reported that cryptocurrency exchanges are involved in illicit financial activities, including money laundering. Ukraine’s Security Service, known as SBU, has closed down various crypto exchanges reported to have transacted illegally since early 2021. The SBU, in a Wednesday statement, referred to cryptocurrency exchanges as the network of ‘clandestine’- known for their…
The crypto market has been rocked by the news of what might be the biggest DeFi hack in history. On August 10th, the exploitation on the Poly Network saw the hacker(s) make away with more than $600 million in crypto. A hack that shook the entire DeFi market to its very core. The hacker made…
Altcoin season is a phrase that is quite popular throughout the crypto market. The phrase refers to the run-up in the prices of altcoins after the price of bitcoin slows down. The altcoins usually see an uptick in their individual and collective market dominance, taking even more market share from the top cryptocurrency, bitcoin. As…
Wells Fargo had announced earlier in the year that they planned to offer cryptocurrency investments to clients. Something that was referred to as a “professionally managed” cryptocurrency investment. Now the bank has announced that it will begin offering cryptocurrency exposure to its high net worth clients. The Wells Fargo Investment Institute had been working on…
A recent report from the ABA (American Bankers Association) suggests that banks partner with cryptocurrency firms due to the growing client interest and profit in the sector. This 20-pages report provides a detailed analysis of the crypto, including a glossary. It also maps cryptocurrency activities to the bank services and products. The Banker’s association also…
The U.S. Department of State has put out an offer for a bounty in crypto up to the tune of $10 million in exchange for actionable information on cyberattacks that are carried out by foreign governments. This will be the first time that the U.S. government has embraced the use of cryptocurrencies to pay for…