Bitcoin’s impressive rally has stalled at $28k, with the largest cryptocurrency hovering around that key level for the past few days. Analysts describe this as range-bound trading, with Bitcoin trading within 15% of its 30-day average price. Bitcoin’s recent rally from $20k to $28k was fueled by renewed narratives of it being a hedge against inflation and a safe haven amid banking turmoil. Swiss retail bank PostFinance, founded 117 years ago, has teamed up with Sygnum to offer regulated digital asset banking services to its customers. PostFinance clients can now purchase, hold, and sell major cryptocurrencies like Bitcoin and Ethereum through Sygnum’s B2B banking platform. Coincover, a provider of protection and insurance for digital assets, has raised $30 million in a funding round that will go toward hiring, product updates and pursuing partnerships.
However, the coin is still up by over 20% on a weekly scale. Singapore’s central bank and police are working with banks to set standards for opening crypto accounts. A report outlining best practices for payment services involving stablecoins, NFTs, and gaming credits could be released in 2 months. London Stock Exchange Group to launch #Bitcoin futures and options trading through Global Futures Options, offering the UK’s first regulated trading clearing in Bitcoin index derivatives. The product is expected to launch in Q and will be cash-settled through LCH Digital AssetClear.
Comenzó el ciclo crypto «más grande de la historia» y estas serán las consecuencias
The banking crisis hit US-based exchanges hardest, causing increased price volatility & lower Bitcoin liquidity. Despite a bullish quarter, regulatory actions & bank runs impacted the market. BTC surged 45% amidst the traditional financial market crisis, but crypto-friendly bank collapses led to a liquidity crisis on US exchanges. The correction in digital asset markets last year led to a shift in focus and capital from speculative trading to projects with real-world functionality, but decentralized finance’s current functionality “barely scratches the surface,” Ban… Microsoft teams up with Ankr to launch blockchain node infrastructure service for enterprises. The new node hosting service on Microsoft’s Azure cloud marketplace offers tailored memory & bandwidth specs for blockchain nodes, enabling web3 projects or developers to deploy smart contracts, relay transactions, and access blockchain data.
The round was led by Silicon Valley investment firm Foundation … A large Bitcoin investor sent $330M in BTC to Bitfinex before the price dropped below $30K. The whale was the 14th largest holder with $1.2B in BTC. Digital assets are complex instruments and involve high risk.
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Bitcoin exchange LocalBitcoins is set to close this month in response to the «ongoing very cold crypto winter.» LocalBitcoins, based in Helsinki, is one of the longest-running exchanges. It started 10 years ago and has averaged between $5 millio… Bitcoin miners, who have been battered by the recent bear market and high energy prices for months, are finally getting some relief thanks to natural gas prices that have fallen about 75% since August. No community reviews have been submitted for this work. Exchange promising cryptocurrencies and dive into the opportunities that the market offers with a platform made for you.
Please ensure that you fully understand the risks involved before entering into any transactions. Most altcoins are down as the cumulative market cap of all crypto assets drops by $30 billion in just one day, currently sitting below $1.2 trillion. Leading the downward trend in the top 10 assets is Dogecoin, with a 6% slump.