Reports Show 45% Surge In Stock And Cryptocurrency Sign-Ups Across Rural Area...
The high jump in new registrations is on 45% increase, equivalent to 70 million compared to the previous year. The BSE stock exchange revealed this information was in their data. There had been an increasing number of users, mostly young investors in remote locations across India last year. According to the Economic Times report, these investors seek to buy and trade stocks and cryptocurrencies. Related Reading | Total Cryptocurrency Market Cap Value Surges Across $1.9 Trillion Setting A New Record The Times report states that Wealth management and Cryptocurrency platforms attract new....
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Buoyed by reports that Twitter has been studying the possibility of adding bitcoin to its balance sheet, the company’s stock surged to a new 52-week high of $73.18 on Feb. 12. Before the surge, the stock had been trading at just under $60 on Feb. 9. At the time of writing, Twitter’s market capitalization stood at $57.20 billion. Telsa’s BTC Move an Inspiration Reports of Twitter’s possible bitcoin acquisition follow Tesla’s announcement that it had acquired BTC worth $1.5 billion. Tesla’s acquisition is fueling speculation that more large corporations....
Crypto Finance, Inacta, and InCore Bank have combined to form the Swiss financial trio, and they have joined forces in establishing financial products regulated on Tezos. The three Switzerland firms focus on crypto; they use the Tezos blockchain to provide institutions tokenized assets. Their major target is to serve and satisfy institutional clients. FINMA is partnering with Inacta and InCore Bank to provide regulated financial products with the recent tokenization process. The company announced this on Tuesday, adding that the process will follow the standard of Tezos FA2. FINMA is the....
The Chinese Central Bank Digital Currency (CBDC) is progressively spreading out to more users. This can be seen as 35 banks in China include the digital Yuan in their mobile apps. According to a local report, the digital RMB App reveals a recent addition of more banks to the interface. Before now, the digital app only had 6 state-owned banks. Furthermore, these added banks now have access to the digital renminbi App to recharge digital RMB wallets. The banks include city commercial banks, joint-stock firms, rural commercial banks, rural credit cooperatives, and others. Related Reading....
Bitcoin Price Key Highlights. In the previous weekly analysis, we highlighted the importance of a critical support area at 200.00, which as anticipated acted as a barrier for sellers. The price has somehow managed to close above the 100 hourly simple moving average, which is a positive sign. Bitcoin price after a major decline managed to gain buyers around a major support area of 200.0. More Upsides. As mentioned, we anticipated the 200.00 support area to act as a major barrier for sellers in the near term. This past week there was a sharp upside reaction after the price declined towards....
Dogecoin rose 4% to trade at $0.14 Thursday, according to market reports. Market capitalization was about $21 billion while 24-hour trading volume hovered near $1.6 billion. The move followed renewed on-chain activity that has drawn attention from traders and analysts. Related Reading: Institutions Scoop Up 9,000 Ether, Fueling Bullish Signals Spike In Active Wallets Based on reports from BitInfoCharts, the number of daily active addresses on the Dogecoin network jumped to over 67,500 on December 3, marking the second-highest reading in the past three months. That earlier spike on....