Kimchi ‘Bonus’ Is Back as Korean ‘Ant’ Investors Return to the Market
South Korean investors are returning to the markets after weeks of inactivity, data has shown. But the kimchi premium has flipped on its head again for the first time in two years – resulting in a small “kimchi bonus,” and slightly lower bitcoin (BTC) and altcoin prices on most major exchanges.
BITCOIN TECHNICAL ANALYSIS.
The price of Bitcoin has removed the resistance at $40,000 last week, as price bounced from the 200-day MA on the daily timeframe. This has made it possible for the price of Bitcoin to trade comfortably above the $40K resistance.
Coinbase Plans to Spur ‘Commerce’-based Crypto Usage for Customers, Merchants
Coinbase has revealed that its plans for the future of the “crypto economy” include building upon its Coinbase Card debit card and bitcoin (BTC)-collateral loan service, building on a growing number of users who are choosing to stake their tokens.
Venmos Cash Back to Crypto, Investment Flows + More News
Venmo said it has launched Cash Back to Crypto, a new way for Venmo Credit Card customers to automatically purchase cryptocurrency from their Venmo account using cashback earned from their card purchases.
WEEKLY ANALYSIS ON CRYPTO CURRENCIES
A new German Law governing German Spezialfonds comes into effect this week which will allow various institutions to allot up to 20% of their portfolios in Cryptocurrencies with the law to support and protect them. Hence, we can expect an addition of funds up to 300billion into the Crypto market in the coming months.
Bitcoin ETFs, The Hedge Fund King In Crypto, Pointless CBDC + More News
Asset manager Melanion Capital has obtained approval from Autorité des Marchés Financiers (AMF), France’s securities regulator, for an exchange-traded fund (ETF) tracking an index with up to 90% correlation with the price of bitcoin (BTC).
Coinbase Stops Bitcoin SV Trading Following 5th Attack
Major crypto exchange Coinbase has stopped bitcoin SV (BSV) trading following the latest in a string of attacks on the network.
GERMAN LAW NOW ALLOWS INSTITUTIONAL FUNDS TO HOLD CRYPTO
A total of $415 billion worth of investments could flow into the crypto market as new laws governing German Spezialfonds go into effect.
State Street Bank offer cryptocurrency services to its private-fund clients
State Street - the second oldest asset management financial Corporation in the US, with over $42.4 Trillion Asset under its custody has commenced Offering Crypto Services to its Private Clients.
Twitter & Amazon inclines to adopt Crypto currencies and Blockchain technologies
The Twitter CEO - Jack Dorsey has made known to investors that twitter is set to adopt Bitcoin as part of its investments and possibly means of payment and subscriptions in the near future. Next, Amazon followed suit in adopting Crypto currencies and Blockchain technologies as new targeted means of payment.
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