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Weekly Market Recap: Crypto Economy Surges to $1.4T as FTT and ORDI Outshine the Rest

November 11, 2023 0

This week, the crypto economy climbed to the $1.4 trillion range as dozens of virtual assets witnessed gains. From November 4 to Saturday, November 11, 2023, several crypto assets recorded triple-digit weekly gains, and a great deal captured double-digit gains. This week, the top two gainers

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European Union Finalizes Digital ID Wallet Agreement, Hints at Digital Euro Integration

November 11, 2023 0

The European Parliament and the Council of the European Union (EU) have finalized the agreement that will allow the implementation of a continent-wide digital ID wallet program. The agreement, which needs to be ratified at the parliamentary level, would greenlight the issuance of the EU digital ID wallet in accordance with the “Europe’s Digital Decade” […]

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Bank of Russia to Develop Digital Ruble Payment System With the UAE

November 11, 2023 0

The Bank of Russia has announced it will create a joint payment system with the United Arab Emirates (UAE) using the digital ruble. Bank of Russia’s First Deputy Governor Olga Skorobogatova stated that the system would serve individuals and businesses alike and estimated its development would take a year. Russia to Develop Digital Ruble ‘Fast […]

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Standard Chartered’s SC Ventures Partners With SBI to Establish Digital Asset Joint Venture in UAE

November 11, 2023 0

Standard Chartered’s ventures arm, SC Ventures, and Japanese conglomerate SBI Holdings are collaborating to establish a digital asset joint venture in the United Arab Emirates (UAE). “The joint venture will focus on investing in companies across the digital assets spectrum including market infrastructure, risk and compliance tools, defi, tokenization, consumer payments,

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Swiss Financial Giant UBS Now Offers Crypto ETFs to Wealthy Clients in Hong Kong, Report

November 11, 2023 0

UBS has reportedly begun offering wealthy clients access to some crypto exchange-traded funds (ETFs) in Hong Kong. Initially, the Swiss financial services giant is offering three crypto ETFs that have received regulatory approval from the Securities and Futures Commission. UBS Offering Crypto ETFs to Wealthy Clients UBS Group AG is allowing wealthy clients in Hong […]

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Grayscale ‘Constructively Engaging’ With SEC on Spot Bitcoin ETF, Says CEO

November 11, 2023 0

Crypto asset manager Grayscale Investments is “constructively engaging” with the U.S. Securities and Exchange Commission (SEC) regarding its application to convert its flagship bitcoin trust into a spot bitcoin exchange-traded fund (ETF), says CEO Michael Sonnenshein. The executive believes that Grayscale has “a really nice advantage” over other spot bitcoin ETF

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US Regulator CFTC Files Record Number of Crypto Enforcement Actions This Year

November 11, 2023 0

The Commodity Futures Trading Commission (CFTC) has revealed that it filed a record number of crypto enforcement actions this fiscal year. “In FY 2023, the CFTC brought 47 actions involving conduct related to digital asset commodities, representing more than 49% of all actions filed during that period,” the regulator shared. Record Number of Crypto Enforcement […]

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Nigerian Central Bank Dismisses Old Naira Banknote and Cash Shortage Rumors

November 11, 2023 0

The Nigerian central bank has dismissed rumors suggesting that the previously demonetized naira banknotes are no longer legal tender. According to the bank, all banknotes it has ever issued remain legal tender and “should not be rejected by anyone.” No Shortage of Naira Banknotes Says the Central Bank The Central Bank of Nigeria (CBN) has […]

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ETH to Surpass $5,800 by End of 2025 — Experts See Lowest Price of $1,352 in 2023

November 11, 2023 0

The U.S. dollar value of the cryptocurrency ether is predicted to end the year averaging $1,840 and $5,824 by the end of 2025, the latest Finder’s prediction report has said. Regulatory uncertainty and a challenging macroeconomic environment are likely to cause ether’s drop to “an average lowest price of $1,352.” ETH to Surpass $5,800 by […]

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CME Bitcoin Futures Open Interest Climbs Past Binance, Indicating Growing Institutional Demand

November 11, 2023 0

The open interest for bitcoin futures on the CME Group has outstripped that of Binance’s futures market, with the former reaching an open interest of $4.06 billion and the latter at $3.87 billion, as bitcoin’s value climbs to new peaks. CME Leads Bitcoin Futures Rally as Open Interest Swells to $4.06 Billion The financial sector […]