Standard Chartered Predicts Bitcoin Drop Below $100K Even as Global M2 Growth...
Global macro signals are flashing both warning and opportunity for Bitcoin (BTC). On one hand, major bank Standard Chartered PLC has flagged the potential for Bitcoin to dip below $100,000 in the near term. Related Reading: 16,000 Ancient Bitcoins Just Moved—And It’s Costing Whales Billions On the other hand, significant growth in global M2 money supply strengthens the backdrop for a longer-term upside. Short-Term Correction Predicted as Trade & Liquidity Risks Mount According to head of digital asset research Geoff Kendrick at Standard Chartered, Bitcoin could briefly fall under the....
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Institutional investors now bet on the possibility of Ethereum surging due to its financial market growth. Standard Chartered analysts trust Ethereum’s growth potential can overtake Bitcoin, the first cryptocurrency by market cap. However, technicals reveal that before future advancement, ETH is bound to retrace. Standard Chartered takes a bullish stand on Ethereum. ETH now has […]
Standard Chartered Bank has become the latest major bank to enter the metaverse. The bank has acquired “virtual land at The Sandbox metaverse’s Mega City district, a culture hub based on or inspired by Hong Kong talents.”
Standard Chartered Bank Forays Into the Metaverse
Standard Chartered Bank announced Tuesday that its subsidiary, Standard Chartered Bank (Hong Kong) Ltd. (SCBHK), has partnered with The Sandbox, a popular blockchain virtual gaming platform, “to create [a] metaverse experience.”
Standard Chartered is a leading global....
Major banking corporation Standard Chartered is launching a cryptocurrency exchange and brokerage service, giving its clients access to cryptocurrencies, such as bitcoin and ether. Standard Chartered joins a growing list of major banks worldwide that have embraced cryptocurrency. Standard Chartered Bank Diving Into Crypto Standard Chartered PLC (STAN.L) said Wednesday that the bank’s innovation arm, SC Ventures, will establish a cryptocurrency brokerage and exchange platform. The new exchange will be a joint venture between SC Ventures and BC Technology Group (0863.HK), a Hong....
Standard Chartered and OKX have announced a partnership expansion into Europe, bringing bank-backed crypto custody to institutions in the bloc. Standard Chartered & OKX Expand Crypto Partnership To EEA As revealed in a press release, OKX is expanding its partnership with Standard Chartered. The two first came together in April to launch a first-of-its-kind collateral […]
Global banking giant Standard Chartered is entering the crypto space with a new spot trading desk for Bitcoin and Ethereum, as revealed in a Bloomberg report. This development positions Standard Chartered as one of the first major global banks to engage directly in the trading of the underlying crypto assets, an area that has seen […]