Tag: Crypto

February 10, 2023 BY Steffy Bogdanova

Kraken discontinues crypto staking in US following a $30 million settlement with SEC

According to SEC’s complaint, Kraken has offered and sold its crypto asset “staking services” since 2019, advertising annual investment returns of as much as 21%. SEC Chair Gary Gensler commented: Whether it’s through staking-as-a-service, lending, or other means, crypto intermediaries, when offering investment contracts in exchange for investors’ tokens, need to provide the proper disclosures…

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February 08, 2023 BY Steffy Bogdanova

Technical Market Outlook and Review: Although the price of gold is higher this week, momentum has been sluggish

XAU/USD (Gold) Although the price of gold is higher this week, momentum has been sluggish, consequently establishing a potential bearish flag pattern on the daily chart between $1,881 and $1,862. Rupturing the lower boundary, the said pattern not only permits chart pattern traders to project the pattern’s profit objective, it also exposes the 50-day simple…

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Revolut
February 07, 2023 BY Steffy Bogdanova

Revolut to offer crypto staking in Europe and the UK

The digital bank now offers nearly 100 different cryptocurrencies. However, staking will be initially limited to the Polkadot (DOT), Ethereum (ETH), Tezos (XTZ), and Cardano (ADA). Yields are said to range from 11.65% to 2.99% but not guaranteed. Crypto staking Crypto staking is when the holder of a cryptocurrency, who keeps it in a wallet,…

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Market Analysis
February 06, 2023 BY Steffy Bogdanova

Technical Market Outlook and Review: On the back of a buoyant dollar, downside risks for the EUR/USD remain high

XAU/USD (Gold) The price of gold ended European trading considerably off best levels versus the US dollar on Monday after H1 price pencilled in a picture-perfect rejection from Quasimodo support-turned resistance from $1,879. This reaffirms not only the scope for short-term flow to zero in on H1 Quasimodo resistance-turned potential support at $1,857, it also…

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European stock market experiences positive change
February 03, 2023 BY Steffy Bogdanova

Technical Market Outlook and Review Ahead of the NFP

S&P 500 Recent movement on the S&P 500 has largely been one sided since the index journeyed above weekly trendline resistance last week, taken from the high at 4,818. Up 2.7% on the week, the next level of resistance to perhaps throw a spanner in the works is Quasimodo resistance on the weekly scale at…

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February 01, 2023 BY Steffy Bogdanova

UK plans to regulate crypto and protect consumers

The official announcement further pointed out that crypto assets are relatively new and constantly evolving and as a new sector it continues to experience high volatility levels. Furthermore, the recent failures of high-profile companies following the collapse of FTX have “exposed the structural vulnerability of some business models in the sector.” The announcement stated: Our…

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January 23, 2023 BY Steffy Bogdanova

SEBA Bank launches new crypto banking offering

Mathias Schuetz, Chief Commercial Officer EMEA, said: SEBA is a crypto banking industry leader, bridging and simplifying traditional and digital finance. Since its creation, we have developed a unique universe of products and services. With the launch of the SEBA new offering consisting of the Gold program, the Platinum program, and the Corporate program, we…

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Bankruptcy chapter 11
January 20, 2023 BY Steffy Bogdanova

Genesis Global files for bankruptcy

Paul Aronzon, an independent director at Genesis, said: We have crafted a deliberate process and roadmap through which we believe we can reach the best solution for clients and other stakeholders. We look forward to advancing our dialogue with DCG and our creditors’ advisors as we seek to implement a path to maximize value and…

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Integral Digital
January 19, 2023 BY Steffy Bogdanova

Integral introduces crypto platform Integral Digital

According to the official announcement, Integral Digital is offered on a subscription basis and can integrate with in-house and third-party providers via FIX and Rest APIs. Additionally, the newly launched platform offers a fully integrated Prime Brokerage solution providing direct market access to multiple exchanges and market makers via a single account, which maximizes netting…

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