Brubank, one of the first digital banks in Argentina to be recognized by the country's central bank, has entered the cryptocurrency market. Customers can now purchase crypto assets on the company's app, allowing them to make bitcoin investments using the company's platform. This is the country's second banking institution to offer these services, according to reports.
Bitcoin was slightly higher on Wednesday, as crypto markets recovered their green before the Fed meeting. In today's session, ETH also recovered, moving away from its long-term support level.
It's been six months, or around 180 days, since bitcoin hit an all-time high of $69K per unit on November 10, 2021, and the USD value of bitcoin has dropped 45 percent since then. Typically, once bitcoin's price peaks, it enters a bear market that sees its value plummet by 80 percent or more. However, given the recent price peak mirrors the expansion from April to November 2013, bitcoin's subsequent negative downturn may not be as significant this time.
Crypto-backed mortgages, according to a research released on May 2 by the rating agency Weiss Ratings,'spell risk.' Weiss editor Jon D. Markman called backing a mortgage with cryptocurrency a 'interesting approach,' but cautioned that 'investors should be wary' in these market conditions.
100,000 Cubans are leveraging crypto assets, according to a report from the National Broadcasting Company (NBC), a broadcast television and radio network. According to the report, growing crypto usage is attributable to the fact that Cubans are unable to utilize certain payment methods due to US sanctions.
'Cryptocurrencies have clearly established themselves as a new asset class and it genuinely is something that people can't ignore,' says an official at Wisdomtree, an asset management business with $78 billion under management. 'We are passed the point where there is speculation about whether or not this is a trend that will stick around,' he added.
Elon Musk, the CEO of Tesla and SpaceX, has persistently backed dogecoin, a cryptocurrency based on memes. He indicated in October that he had invested in it, as well as bitcoin and ether.
If this real estate listing is any indication, Connecticut's Gold Coast will soon become the Crypto Coast.
Allowing a competitive currency market to emerge would strengthen the dollar now while also ensuring its future role as the world's reserve currency.
Shakhtar Donetsk, one of Ukraine's most popular soccer teams, will offer a collection of non-fungible tokens (NFTs). The team plans to auction off numerous autographed jerseys to generate money for Ukrainians affected by Russia's continuing conflict.