Bitcoin continues its stellar performance that started at the beginning of October and has managed to break into the $55,000 price territory for the first time since May. Yesterday’s peak value of $55,556 marks a cycle high and the highest Bitcoin value in the last 21 weeks.
Many retail investors are trying to chase the high returns that are achievable when buying tokens via a public sale, whether it is in the form of a crypto-based initial coin offering (ICO) or during an initial public offering (IPO) on a stock exchange. While acquiring assets as soon as they are publicly available usually proves to be a great buying opportunity, average ICO and IPO returns on investment pale in comparison to yields generated in private markets.
One of the biggest financial institutions in the United States, U.S. Bank has started offering cryptocurrency custody services for Bitcoin, Bitcoin Cash, and Litecoin. U.S. Bank joins the likes of JPMorgan and Wells Fargo, which have recently expanded their repertoire of products and services to include crypto offerings.
With Bitcoin reaching $50,000 once again and the overall market sentiment turning bullish, we are taking a look at crypto-assets that have managed to surpass their previous peak valuations and reach new heights.
Brazil is the latest on the growing list of countries that are hastily drafting new legislation that would regulate the cryptocurrency industry and allow its citizens to reap the benefits of blockchain-based currencies.
Boca Raton, Florida, 5th October, 2021, Chainwire META1, a multi-asset-backed, self appreciating stablecoin, is scheduled for listing on multiple CEXs (centralized exchanges) in the coming weeks. According to the platform’s developers, META 1 Coin will begin trading on international exchanges over the next 60 days. The exact exchanges the token is to be listed on,…
Over the course of the last seven days, the cryptocurrency market has been experiencing strong bullish momentum, with most coins posting double-digit gains. The cumulative value of assets in the market has grown by over $300 billion in the 7D period. A large share of the growth can be attributed to the stellar performance of Bitcoin, which has gained almost 20%.
Last week was marked by the China FUD – the fear, uncertainty and doubt that spread among crypto investors following the further crackdown on cryptocurrency transactions and trading by China’s central bank. While the total cryptocurrency market capitalization dropped by almost 5% to reach a low of $1.82 trillion in the day following the release of the news, cryptocurrencies and the blockchain technology once again proved that they cannot simply be banned. Although week 39 started with red numbers, at the end of the week the total market capitalization has already climbed to $2.18 trillion. It seems that China’s restrictive measures only led to further decentralization of the space as Chinese investors and traders simply switched to decentralized trading platforms that are not operated by centralized entities and do not implement know-your-customer (KYC) checks. It is therefore not surprising that this week’s selection consists of 3 DeFi protocols.
Singapore, Singapore, 4th October, 2021, Ojamu – a marketing technology (MarTech) platform that leverages the power of blockchain, Ai, and NFTs to create and automate the most effective digital marketing campaigns for Brands, has announced the first ever Initial DEX Offering (IDO) of its OJA token on three different token launchpads – Ignition, PAID Network…