Crypto Popularity to Spur Growth in Blockchain-Powered Banking, Financial Services

The surging use of cryptocurrencies is expected to enhance the development of blockchain in the banking and financial services market, according to The Business Research Company.  The report noted that the worldwide blockchain in banking and financial services market size is anticipated to hit $1.89 billion this year from $1.17 billion recorded in 2021.   … Read more

Paradigm Shift amid Global Crypto Chain Reactions

Crypto industry leaders on Wednesday discussed the landscape change amid the market downturn over the past half year. Chain reactions have been triggered after the crash of LUNA/Terra in May. Amid the so-called crypto winter, the subsequent market meltdown resulted in shutdowns among crypto institutions, such as the declaration of insolvency by crypto lenders Three Arrows … Read more

Market Slips Into a Bear Motion, Fate in The Merge of ETH Might Reboot Positive Sentiment

The volatility inherent in the digital currency ecosystem may seem stabilized at the moment, but a deeper insight into on-chain analytics shows more indeterminate trends are at play.  These trends can easily tilt the balance in space, and per the current outlook, the bears seem to be igniting such a pressure that can grow to … Read more

Amber Group Expands Retail Trading Operations into Brazil Through WhaleFin

Cryptocurrency financial services startup Amber Group has announced that it will expand its retail trading operations into Brazil through a retail platform called WhaleFin. Amber Group, one of the fastest-growing digital currency management firms in Asia, was launched in 2017. As a leading global digital asset platform, Amber Group provides a full range of digital asset … Read more

Reserve Bank of Australia Rolls Out CBDC Pilot Project

The Reserve Bank of Australia (RBA) has launched a year-long trial to explore a central bank digital currency’s (CBDC) business models and innovative use cases. The Australian central bank highlighted that the pilot project aimed at getting better insights into the regulatory, legal, and technological aspects of CBDCs.    Michele Bullock, RBA’s Deputy Governor, pointed … Read more

Crypto Weekly Inflows Have Topped $500M for Six Consecutive Weeks: CoinShares

Inflows into crypto investment products have been experiencing an uptick for six consecutive weeks, topping $500 million, according to a report by market insight provider CoinShares. The study dubbed “Volume 92: Digital Asset Fund Flows Weekly Report” highlighted: “Digital asset investment products saw inflows totalling US$3m last week marking the 6th consecutive week of … Read more