Crypto exchange Nexo to launch brokerage for big investors

Europe-based digital asset exchange Nexo has launched a new product to complement its existing retail platform. Dubbed Nexo Prime, the new proprietary prime brokerage platform targets institutional investors, corporations, and high-net-worth individuals. According to Nexo, the Nexo Prime platform is designed to serve as a unified platform that provides investors with access to advanced tools … Read more

Bank of America: coming “recession shock” possible boon for crypto

The macroeconomic picture is deteriorating fast and could push the U.S. economy into recession as the Federal Reserve tightens its monetary policy to tame surging inflation, Bank of America strategists warned in a weekly research note, Reuters reports. Bank of America chief investment strategist Michael Hartnett wrote, in a note to clients, that “Inflation shock” … Read more

Buy and Sell Crypto in MEW web and MEW wallet with Our Preferred Partner MoonPay

MyEtherWallet Mar 22 · 3 min read The Ethereum ecosystem is huge and full of possibilities. Many educational guides are available for accomplishing specific goals, like using certain DeFi instruments or minting NFTs, but to a new user, the crypto space can still feel like a labyrinth without entry or exit. How do you start … Read more

Why Russia can’t use crypto to evade sanctions

As the war in Ukraine is continuing on its sixth day, sanctions imposed on Russia are both widening and deepening. More and more countries and international institutions are implementing sanctions, and the sanctions already in place are getting tougher on the Russian regime. While sanctions imposed on the infrastructure of traditional finance and payments have … Read more

America’s oldest bank to launch institutional crypto custody service

The Bank of New York Mellon Corporation, better known as BNY Mellon, is reportedly gearing up to become “the first [bank] to enter the global digital custody space” later this year. According to a report published by City A.M. on February 24, BNY Mellon’s upcoming custody platform will be aimed at institutional clients, enabling big … Read more

BBVA Switzerland becomes the first traditional bank in Europe to add Ethereum to its crypto offering

The Swiss division of the Spanish banking giant, Banco Bilbao Vizcaya Argentaria (BBVA), recently expanded its crypto offering, announcing the addition of Ethereum to the bank’s investment portfolio. BBVA Switzerland made its Bitcoin trading and custody service available to all its private banking clients back in June. Hola, Ethereum By expanding its initial crypto offer, … Read more

Ethereum’s market cap is now beyond that of the biggest banks in the world

The crypto industry has had one of the best years as it witnessed a whole level of mass adoption from both retail and institutional investors. While this has had a positive effect on the value of some flagship digital assets like Bitcoin and Ethereum, the market cap of these assets also shows the extent of … Read more

Crypto exchange Huobi shuts its crypto derivative trading business in China

Chinese Yuan Now Below 1% of Total Bitcoin Trading Volume, Down From Peak of 90% In an attempt to stem growing enthusiasm for cryptocurrency trading among the Chinese public, the Chinese government has been cracking down hard of cryptocurrency traders and speculators, banning cryptocurrency exchanges and outlawing ICOs. 3 min read →

El Salvador’s Bitcoin wallet Chivo is set to remove its trade profiting feature

Chivo will be removing its scalping feature to curb growing speculative tendencies involving Bitcoin, it said in a tweet last night. “Scalping” would allow users to freeze Bitcoin prices for a minute allowing a small window for the users to compare prices on other exchanges before making a final purchase. Chivo took to Twitter to … Read more

US mortgage lender dumps Bitcoin plans just two months after pilot

A prominent trader makes the case for $8.5k Bitcoin before making new lows A prominent trader known as PentarhUdi accurately called the drop from $10,000 to sub-$6,000 and has called many full Bitcoin market cycles in the past several years, believes BTC is headed to up to $8,500. 3 min read →