featured

UBS Group AG Expands Crypto Services UBS, the Swiss financial services giant, has reportedly started offering wealthy clients in Hong Kong the opportunity to trade three crypto exchange-traded funds (ETFs). According to Bloomberg, the move comes after the Securities and Futures Commission (SFC) granted regulatory approval for these ETFs. Authorized Crypto ETFs Available The three […]

Bitcoin's Price Consolidates as Positive Momentum Slows Bitcoin, the world's largest cryptocurrency by market capitalization, has managed to hold above the $35,000 level despite a slowdown in positive momentum over the past week. On November 8, BTC closed at $35,369, showing signs of stability in the face of market fluctuations. Global Markets Await Remarks from

Introduction Critics are currently roasting economist Nouriel Roubini, known as 'Dr. Doom' for his skepticism towards cryptocurrency. Despite his previous disdain for the digital assets, Roubini's company, Atlas Capital, has revealed its venture into the crypto market. The firm is introducing a crypto asset token called atlas (ACT) that aims to combat the negative effects

Overview In the third quarter, Coinbase exceeded expectations by recording favorable net income and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), despite the extended crypto market slump. The publicly-traded cryptocurrency exchange disclosed a net income of $2 million and an adjusted EBITDA of $181 million for the quarter ending on September 30, 2023.

Paypal Receives FCA Approval The global payments giant, Paypal, has achieved registration with the Financial Conduct Authority (FCA) in the United Kingdom, as confirmed by the FCA's website on October 31. This regulatory milestone comes shortly after Paypal temporarily suspended crypto purchases within the UK, with plans to reinstate these services at the beginning of

New York Judge Calls for Expedited SEC Decision America's securities regulator, the U.S. Securities and Exchange Commission (SEC), has been urged to quickly decide on a proposal to transform Celsius Network, a bankrupt cryptocurrency lender, into a bitcoin mining firm. Judge Martin Glenn, who oversees the bankruptcy proceedings of Celsius, called on the SEC to

Nigerian Fintech Startup Shifts Focus to Small and Medium-sized Businesses Vella Finance, a Nigerian fintech startup, has recently announced that it will no longer offer cryptocurrency-related services, opting instead to concentrate on providing banking services to small and medium-sized enterprises (SMEs). Co-founder Tolu Adedayo explained that this decision was driven by practical business considerations. According

Defi Market Shows Resilience with TVL Reaching $41.42 Billion The decentralized finance (defi) sector has experienced a significant rebound, as the total value locked (TVL) in defi protocols surpasses $40 billion. This milestone comes after the TVL remained below this level since mid-August. Furthermore, the top 100 defi coins by market capitalization are on the

Introduction Ricardo Salinas, a prominent billionaire and the honorary chairman of TV Azteca, recently expressed his belief in the importance of Bitcoin as a store of wealth. In an exclusive interview with Bitcoin Magazine reporter Isabella Santos, Salinas discussed the cryptocurrency's ability to protect against inflation and its potential to revolutionize traditional financial systems. This

Ricardo Salinas on Bitcoin as a Hedge Against Inflation Tax Mexican billionaire Ricardo Salinas believes that bitcoin offers a unique solution to safeguarding wealth against inflation tax. He emphasizes that people's savings are being eroded without their consent or knowledge. According to Salinas, the debasement of currency is a cunning technique employed by fraudsters to