Dubai is Launching Its Own Crypto? Here’s What We Know!Dubai has launched its own cryptocurrency, valued at $0.17 per coin.
As of now, only specialized brokers and authorities will control circulation.
Dubaicoin will soon be able to buy and sell goods in place of fiat.
The hub of everything extravagant and phenomenal has just made a new ripple i…[Read more]

Banks cautious about crypto ahead of COVID-19 testimony before US SenateMajor Wall Street bank executives will appear before the United States Senate Banking Committee on Wednesday to discuss the role of their financial institutions in the recovery of the American economy.

Democratic lawmakers plan to grill a number of major bank execs, whose…[Read more]

Bank Indonesia to Launch Own Digital Currency RupiahIndonesia had a large increase in digital transactions during Covid-19 crisis.
Bank Indonesia is launching a central bank digital currency.
The Bank Indonesia data shows it made more than 570 million digital activities in April.
Indonesia has seen a large increase in digital banking transactions…[Read more]

Elon Musk reminds followers he really isn’t Dogecoin’s masterTesla (NASDAQ:TSLA) CEO Elon Musk reminded Twitter followers on Tuesday that despite the recent interest he’s taken in Dogecoin (DOGE), he still has no formal authority over the project.

Musk was replying to a comment from a Doge-themed account, which opined that he had taken to opera…[Read more]

EOS Jumps 20% As Investors Gain ConfidenceInvesting.com – EOS was trading at $6.2732 by 06:45 (10:45 GMT) on the Investing.com Index on Wednesday, up 20.17% on the day. It was the largest one-day percentage gain since May 24.

The move upwards pushed EOS’s market cap up to $5.9871B, or 0.35% of the total cryptocurrency market cap. At its highest,…[Read more]

Nebraska signs law to authorize state-chartered banks to custody cryptoA crypto-friendly bill — co-authored by a cryptocurrency firm and first introduced by Republican state senator Mike Flood this January — was signed into law today in Nebraska.

The Nebraska Financial Innovation Act was one of Senator Flood’s first initiatives, introduced sca…[Read more]

The Fate of Coins after the Chinese Crypto Ban – (NEO, THETA, VeChain, and Tron)China rattled the cryptocurrency ecosystem with the latest announcement to preclude banks and financial institutions from offering cryptocurrency services.
The aftermath of this declaration led to the massive tumbling down of prices as several coins shed a s…[Read more]

Litecoin Climbs 12% In RallyInvesting.com – Litecoin was trading at $201.298 by 05:56 (09:56 GMT) on the Investing.com Index on Wednesday, up 11.73% on the day. It was the largest one-day percentage gain since May 24.

The move upwards pushed Litecoin’s market cap up to $13.510B, or 0.77% of the total cryptocurrency market cap. At its highest,…[Read more]

Bitcoin’s Volatility Is Spilling Over to U.S. Stocks, Study SaysBitcoin’s explosive moves are stoking the volatility of U.S. stock futures in haywire trading days, according to Singapore’s DBS Group Holdings Ltd.

In a study that concludes the world’s biggest token is no longer a fringe asset class, DBS’s Chief Economist Taimur Baig and Macro Str…[Read more]

Ethereum Climbs 11% In RallyInvesting.com – Ethereum was trading at $2,858.67 by 04:55 (08:55 GMT) on the Investing.com Index on Wednesday, up 10.69% on the day. It was the largest one-day percentage gain since May 24.

The move upwards pushed Ethereum’s market cap up to $332.81B, or 18.98% of the total cryptocurrency market cap. At its highest,…[Read more]

Bitcoin reclaims $40,000 as crypto volatility lingersLONDON (Reuters) – Bitcoin climbed back above $40,000 on Wednesday for the first time this week, as recent volatility in the cryptocurrency market showed few signs of dampening down.

Bitcoin jumped as much as 6.5% to $40,904. Smaller coins, which tend to rise and fall with the largest…[Read more]

DeFi and traditional finance could converge thanks to tokenizationNonfungible tokens could become a bridge to connect the legacy financial system to the emerging fintech world in the near future. During a recent interview, Adrian Lai, CEO of Liquefy — an investment firm and an incubator for decentralized finance platforms — told Cointelegraph Chi…[Read more]

Another Top Bitcoin Miner Follows China’s Lead With BanIran banned the mining of cryptocurrencies like Bitcoin after a series of blackouts across major cities, in the latest sign of growing unease over the digital asset’s energy usage.

The ban is effective immediately and will last until Sept. 22, President Hassan Rouhani said on state TV on Wed…[Read more]

Analyst zu Bitcoin-Sturzflug: Das dicke Ende kommt erst nochInvesting.com – Laut Scott Minerd von Guggenheim Partners, der letzten Monat einen Bitcoin-Kollaps “vorausgesagt” hat, ist der Sturzflug der beliebten Kryptowährung noch nicht vorbei.

“Von hier aus kann man es sich leisten, geduldig zu sein. Da kommt noch mehr”, sagte Minerd in einem…[Read more]

Michael Saylor says Bitcoin Mining Council required to combat ‘hostile’ narrativeMicroStrategy CEO, Michael Saylor has explained the details and thinking behind the formation of the Bitcoin Mining Council.

The council was formed on May 25 after Saylor brokered a successful meeting between Elon Musk and several top North American Bitcoin min…[Read more]

Goldman Sachs: Here’s why Ethereum will overtake Bitcoin (BTC) – Buy ETH Now?A leaked report from Goldman Sachs claims that smart contract platform Ethereum has a high chance of surpassing Bitcoin as a store of value. The […]

Study Shows Banks Cause More Pollution Than BitcoinStudy shows banks are responsible for supporting projects that emit tons of CO2 in 2019.
Elon Musk British banks fund activities that pollute the top ten countries.
The UK is a significant contributor to climate change.
According to a study from Greenpeace and WWF, banks were responsible for…[Read more]

How To Grow Your Wealth With A Secure Bitcoin Wallet?Bitcoin may be one of the most volatile assets. Last week, Bitcoin fell to $29,000. Just less than two months ago, Bitcoin reached the all-time high of $64,895. The crypto market has rebounded after Elon Musk changed his tune on Bitcoin mining. In his tweets, the Tesla and SpaceX CEO said that…[Read more]

Ether sails past BTC’s daily volume as Grayscale ETH Trust trades at 11% premiumEther sails past BTC’s daily volume as Grayscale ETH Trust trades at 11% premium
Ethereum is seeing renewed interest in the aftermath of Bitcoin’s travails this week, with Ether’s 24-hour trade volume topping BTC’s by a significant margin.

However it’s still a long wa…[Read more]

MT.com and the Trader are now fully linked. Big Things incoming.