Commerzbank, a German bank, said on November 15 that it has received a cryptocurrency custody license from German authorities. Jörg Oliveri del Castillo-Schulz, chief operating officer of Commerzbank, stated that getting the license is an “important milestone.” Moreover, Commerzbank claims to be the first “full-service” German bank to get such
Binance’s CEO, Changpeng Zhao (CZ), thinks Bitcoin mining is the most outstanding business model ever. This observation came as news surfaced that miners were raking in record amounts of money from block rewards and transaction fees, with some days seeing earnings of over $44 million. This number exceeded the April
The U.S. Labor Department has issued the highly anticipated U.S. Consumer Price Index (CPI) data for October, which indicated that the U.S. inflation came in at 3.2% at an annual pace, as contrasted to the market forecast of a 3.3% spike. Meanwhile, the U.S. CPI fell in October after rising
Bitcoin is causing widespread anxiety due to recent unfavorable developments. Despite reaching a high of $38,012 for the first time in 18 months, its value has fluctuated widely over the previous three days. At the time of writing, Bitcoin is trading at $36,745, down 0.74% in the last 24 hours
Bitcoin, the leading cryptocurrency by market cap, is currently stirring concern as bearish signals emerge. Despite hitting an eighteen-month high of $38,012, it has faced significant price volatility over the past three days. Presently, BTC is trading at $36,559, marking a two percent decline in the last 24 hours. Data
The National Stock Market Commission (CNMV), Spain’s primary securities market regulator, has warned against fraudulent crypto assets promotions on Twitter and reminded businesses that they must adhere to Spanish law. At a speech given by CNMV chief Rodrigo Valbuena on November 8 at the annual Deloitte conference for the Spanish
This year has seen a three-fold surge in the total number of crypto wallet addresses holding more than $1 million in Bitcoin. BitInfoCharts reports that the number of addresses holding in excess of $1 million dollars in BTC has increased by 237% from January 1 (when there were 23,795) to
This year, the number of cryptocurrency wallet addresses with over $1 million in Bitcoin has increased by more than a factor of three. According to statistics compiled by BitInfoCharts, the number of addresses holding more than $1 million in BTC has climbed from 23,795 on January 1 to 81,925 at
In the finance sector, Jim Cramer, a popular television personality and financial analyst, is typically noted for his aggressive market forecasts. When Jim Cramer predicts the direction of digital assets or equities, a phenomenon that has been jokingly dubbed “Cramer’s curse” often follows. A curious pattern has evolved where the
Co-founder of BitMEX, Arthur Hayes recently outlined the delicate balancing act that Janet Yellen, the Treasury’s top official, must do in order to maintain the nation’s fiscal health in the face of mounting government deficits. Hayes discusses Yellen’s strategic alternatives for regulating economic expansion and public expenditures, such as the
