Category: ETHAUD

Robinhood Sinks 11% After Opening At IPO Price of $38

Robinhood (NASDAQ: HOOD) stock opens trading at $38, the exact level as its IPO price  The stock price dropped 11% in early afternoon trading from $38 to $34 Market experts warn day traders against rampant speculations and taking up debts July 29, 2021: Robinhood IPO has possibly been the most eagerly awaited initial public offering […]

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PwC’s Crypto Head Reveals Why Crypto Firms Have Attracted Such High Funding Rates

2021 has proven to be the year of crypto startups as many of them have managed to raise record funding rounds, seeing investment from several Venture Capital firms and Hedge Funds. Multiple crypto startups have managed to gain Unicorn status after their latest funding round. Crypto startups have managed to raise hundreds of millions of […]

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Germany’s Institutional Funds Can Hold 20% In Crypto Starting August 2

There could be a flood of institutional investments coming from Germany starting next week. On Monday, August 2, a law is coming into effect that allows Germany’s institutional investors – under the Spezialfonds category – to invest in Bitcoin (BTC) and other cryptocurrencies. Institutional players like pension funds and insurers can access these funds. Together, […]

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Is Chinese Tech Giant Tencent Planning to Enter NFT Market Soon?

Amid the growing craze for NFTs among Chinese investors, it looks like Chinese tech giant Tencent is planning to enter the NFT market soon. In an exclusive update, popular Chinese journalist Colin Wu reported: “China’s largest Internet company Tencent will enter the NFT, including music, games, news content, etc.” Exclusive: China’s largest Internet company Tencent […]

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Standard Chartered led crypto custody venture Zodia Custody gets FCA approval

Zodia Custody, an institutional-grade crypto asset custody solution provider has announced it has got the approval of the Financial Conduct Authority (FCA), i.e., the platform can now provide commercial services as a crypto asset business. Zodia Custody is a product by Standard Chartered’s SC Ventures, and Northern Trust, a leading asset servicing provider. It serves […]

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DOT Price Analysis: Polkadot (DOT) Jumps 40% off Weekly Lows, Here Are Important Levels to Watch

-DOT pushes 40% off weekly low -DOT Price is still stuck within a descending channel -200MA has continued to act as resistance Polkadot Price Overview Polkadot has been flat the last few days as prices have stalled near important resistance. The overall cryptocurrency market has pushed very strong off lows, a type of revival not […]

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XRP Price Analysis: XRP Jumps 20% in Past 24 hrs, Will Price Break $1?

-XRP price has pumped 20% over the past day -200MA is acting as support for the first time in over 2 months -XRP Price is getting rejected at resistance of $0.73 XRP Price Overview XRP has had a wild last 24 hours of trading as it was once the highest gainer in the top 100 […]

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Ethereum, Dogecoin Price Analysis: July 29, 2021

Ethereum has a challenging time sustaining the uptrend to $2,400. Dogecoin faces an uphill battle sustaining its position above $0.2. The cryptocurrency market is slightly bullish on Thursday, with assets posting minor gains, according to data by CoinGecko. Ripple is the best-performing cryptocurrency, following the massive 20% gain on Wednesday. However, a retreat is underway, […]

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China’s CBDC e-CNY a Certain Step to Internationalize the Use of Renminbi

Chinese central bank is all keen on internationalizing the use of the national currency Renminbi (RMB) in the international market, and its central bank digital currency is a key step in this direction. The PBoC is confident that promoting the use of e-CNY will make RMB the world’s third-largest currency in terms of trade, settlements, […]

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Abu Dhabi court orders 10-year Jail for 9 accused in crypto money laundering case

9 crypto money laundering culprits were sentenced to a decade in jail time and Dh10 million in fine, each by a criminal court in Abu Dhabi. Along with the individuals, over 6 companies have also been proven guilty of crypto money laundering allegations. The racket accumulated a total of Dh18 million in stolen funds from […]

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