Billion-dollar companies across the globe are betting big on Bitcoin (BTC). Recent analysis from European investment manager Nickel Digital Asset Management found that 20 publically listed companies with a market capitalization of over $1 trillion have about $9.6 billion invested in BTC. Individual investors are also taking an increasing interest in the asset. The “Third Annual Bitcoin Investor Study” from Grayscale Research found that demand for Bitcoin has risen tremendously. According to the study, 55% of current Bitcoin investors began buying the asset over just the last 12 months. Grayscale’s report also notes that the market for those interested in …
United States-based digital asset exchange Kraken has announced it will begin supporting the viral meme coin Shiba Inu (SHIB) as of Nov. 30. There will be a minimum deposit of 373,000 SHIB ($16 USD), and the minimum trading volume is 50,000 SHIB ($2 USD). SHIB will initially be tradeable against the USD and Euro pairs, however, Kraken Futures and Margin Trading for SHIB won’t be available at launch. New Listing on Kraken: @Shibtoken $SHIB deposits begin NOW! Trading is live November 30. ➡️ Learn more: https://t.co/yUUKaBXKBq pic.twitter.com/L2IUHugyG0 — Kraken Exchange (@krakenfx) November 29, 2021 Australian managing director at Kraken Jonathon …
With a reputation for being one of the most pro-crypto nations in the world, it comes as no surprise that a vast majority of Singaporeans have invested in cryptocurrency. According to a recent survey from the 2021 Independent Reserve Cryptocurrency Index, 66% of those polled between the ages of 26 to 45 said they owned cryptocurrencies. Coinhako, a Singapore-based crypto exchange, reported a 700% increase in the number of users trading on its platform during the first half of 2021. The platform reported seeing “a greater appetite for crypto from millennials” based on its active customer base, which mainly consists …
Hong Kong, one of the most significant and leading financial centers in the world, has played a large role in the development of cryptocurrencies. For instance, the Chinese territory has birthed some of the most established and successful crypto companies to date including the crypto derivatives exchange FTX, along with the digital asset platform Crypto.com. Yet, as trillions of dollars are traded regularly through crypto exchanges founded in Hong Kong, the “Vertical City” also contains an abundance of physical over-the-counter crypto shops as well. Henri Arslanian, PwC crypto lead and former chairman of the Fintech Association of Hong Kong, told …
A new intersection of passion and blockchain -- gaming and crypto – is getting momentum in traditional worlds where gamers played, bought skins, lost them to the game and spent hours online with nothing to show at the end of the day. Evolution of gaming Early blockchain adopters such as the OPSkins platform recognized the need to provide true ownership of digital items, which later morphed in the WAX platform and a full-on service for nonfungible tokens (NFTs) in the form of collectibles, graphic art and increasingly items to be used within games and across platforms. Splinterlands was one of …