Approximately 65,000 of Oman’s residents are holders of crypto and a majority of these are either high school or college graduates, a new study by Souq Analyst has found. According to the study’s findings, an overwhelming majority (90%) of Oman’s crypto holders are aged between 18 and 44. Crypto Awareness ...
Read More »Bitcoin Price Analysis: Weak Rally Gives Bitcoin Second Chance at Support Test
Within minutes of rumors spreading regarding the SEC’s classification of both bitcoin and ether, the entire crypto market breathed a sigh of relief as everyone enjoyed a nice bounce. Prior to the news, bitcoin saw several days when buyers began to disappear from the market. After bottoming in the low ...
Read More »An Inside Look at the Electron Cash Wallet Coming to iOS
Just recently the unique Electron Cash wallet alongside using the Cashshuffle plugin. Two weeks ago we were granted access to the Electron Cash iOS beta testing period, and we wanted to give our readers a sneak peek at what to expect when this bitcoin cash-centric light client launches. Electron Cash ...
Read More »As Korean Crypto Exchanges Step Up AML Compliance, Banks Are Failing
As the South Korean government steps up its anti-money laundering (AML) oversight, major crypto exchanges in the country are voluntarily complying while banks are reportedly failing to meet the guidelines for compliance. South Korea has also been discussing ways to boost crypto-related AML measures with the U.S. Government Concerned About ...
Read More »How to Explain Crypto Collectibles to Your Banker
Talking to noobs about bitcoin Stepping back, when talking to people about cryptocurrency I find most have at least heard about bitcoin. If they’re a little savvier, they might know about ethereum or litecoin. Some folks might have even heard about Ripple and XRP, but you can tell them that’s ...
Read More »Russia’s Largest Banks Are Piloting Bitcoin and Crypto Portfolios
Two of Russia’s largest banks are piloting cryptocurrency portfolios for their private clients, the Kommersant newspaper reported Friday. Under the watch of the Bank of Russia, Sberbank and Alfa Bank will offer their clients shares in a special fund that will be trading the six most popular cryptocurrencies on major ...
Read More »Halt the Internet? BIS Report Critiques Blockchain and DLT Claims
A financial institution operated by the world’s central banks is taking aim at cryptocurrencies, questioning their ability to deliver on their promise in a new report published Sunday morning. The document, titled “Cryptocurrencies: looking beyond the hype” and released by the Bank of International Settlements (BIS), explains the history behind ...
Read More »The rise of the petro-yuan
China is aiming to overthrow the U.S. dollar as the currency of choice for the oil market, a move that could have far-reaching consequences. Beijing hopes to challenge the dollar by setting up a futures market with its own currency, the yuan. To that end, reports indicate that China is set to ...
Read More »World’s biggest market: Humans not allowed
The $5.1 trillion-a-day currency market is losing its human touch. That’s the conclusion of trading and foreign-exchange heads surveyed by the organizers of the TradeTech FX conference in Miami. Of the 100 North America-based respondents, 94 said they aimed to automate more of their foreign-exchange trading operations in the next ...
Read More »A ‘regime change’ is about to hit currency markets
The currency market is typically controlled by the U.S. dollar. One strategist believes that control will shift from the U.S. dollar to a cross asset correlation. This change in the currency markets will help riskier assets such as the Australian dollar. For years currency market movements have been dominated by ...
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