Market focus

Bitcoin topped a $1 trillion market cap Thursday while the BTC price surged past $55,000. According to a Markets Insider report, US bank JPMorgan said in a note today that a range of factors may be fueling the rally, including institutional investor appetite, assurances that the US won’t ban BTC, and the recent rise of…

Bloomberg has published a huge article going into the activities of the USDT stablecoin issuer. It once again accuses the Tether company assets of being unreliable. In particular, journalists found Chinese companies’ bonds in Tether reserves. A month ago, when everyone started talking about the possible bankruptcy of the Chinese mega-developer Evergrande, several Telegram channels…

Financial services company MoneyGram International has partnered with the Stellar Development Foundation, a non-profit organization developing Stellar blockchain, to enable consumer’s cross-border transactions using popular stablecoin USD Coin (USDC) and convert directly to and from fiat. According to an announcement published Wednesday, MoneyGram’s network will integrate with the Stellar blockchain to enable cash funding and…

Bank of America, one of the largest banks on Wall Street, has launched its first digital asset research, looking to scale its crypto trading business. Led by Alkesh Shah, Global Crypto, and Digital Asset Strategist at Bank of America (BoA), the bank has released its first report on cryptocurrencies. The report titled “Digital Assets Primer:…

The non-profit Litecoin Foundation has unveiled its OmniLite platform, which offers access to smart contracts, tokenized assets, and NFTs. OmniLite allows you to create your own cryptoassets or tokens. In effect, you can now create DeFi projects on the Litecoin network. There is nothing better for an analyst than to see his forecast come true….

A growing list of mainstream financial entities has continued to increase their exposure to crypto over the last year or so, writes Shiraz Jagati on Cointelegraph. The old adage “The crypto market is not for the faint-hearted” was put on full display recently when the total market capitalization of the industry dipped to a relative…