Last-Ever Bitcoin Dip Below $100,000 Looms This Week, Standard Chartered Warns
Bitcoin hovered near the mid-$100,000s on Thursday, Oct. 23, as Standard Chartered’s global head of digital assets research Geoffrey Kendrick warned that a move below $100,000 by this weekend “seems inevitable”—while adding that any break could be fleeting the last last time bitcoin is ever below six figures. The remarks, delivered in a mid-week client note and shared by The Block, frame a tactical pullback inside a still-intact macro bull thesis the bank has championed for months. Last-Ever Bitcoin Dip Under $100,000 Ahead Kendrick’s message juxtaposes near-term caution with longer-term....
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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 […]
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 […]
Although DBS and Standard Chartered have tried their ledger of invoices at the end of 2015, not too many details have been revealed regarding their progress ever since. Even more financial institutions are turning towards the blockchain these days, as the technology will help financial players reduce overhead costs and offer better security standards. DBS and Standard Chartered have partnered up to venture into the world of blockchain technology in an attempt to reduce fraud rates. DBS and Standard Chartered Take On The Blockchain. It is positive to see financial entities actively explore....