Day: May 2, 2022

Argentina’s largest two banks to allow crypto trading

Brian Newar

Argentina’s largest and second-largest private banks, Banco Galicia and Brubank, have announced that they will allow customers to make crypto purchases. Bloomberg reported on May 2 that a resounding 60% of respondents to an Argentinian poll asked for more access to crypto, which catalyzed the banks’ decisions to begin allowing crypto trading. Affiliate at market research firm Americas Market Intelligence, Ignacio Carballo, tweeted confirmation on May 3 with screenshots of Banco Galicia’s online interface that it had begun supporting Bitcoin (BTC), Ether (ETH), USD Coin (USDC), and Ripple (XRP) purchases.…

Ethereum Shows Positive Signs But This Resistance Is The Key

Aayush Jindal

Ethereum started a recovery wave above the $2,820 level against the US Dollar. ETH must clear the $2,920 resistance to start a steady upward move. Ethereum started a short-term upside correction above the $2,780 and $2,800 levels. The price is now trading above $2,820 and the 100 hourly simple moving average. There is a key rising channel forming with support near $2,820 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,885 and $2,920 resistance levels to continue higher. Ethereum Price Faces Hurdles Ethereum…

Weiss Ratings issues warning over crypto mortgage risks

Brian Quarmby

Florida-based ratings and research firm Weiss Ratings has fired out a warning over the risks of crypto mortgages amid the current economic climate in the United States. The company paid particular focus to Milo, a digital banking startup from Miami that offers 30-year mortgages backed by Bitcoin (BTC), Ethereum (ETH), or stablecoins as collateral. The firm requires zero down payments, and its loan rates vary between 3.95% and 5.95%. In the May 3 report, Weiss analyst Jon D. Markman urged caution with such mortgages, citing the poor performance of stocks…

Coinbase Hires Former Snapchat Indian Executive to Lead Emerging Markets Business

Nicholas Otieno

Coinbase Inc, a global crypto exchange headquartered in the US, announced Sunday the appointment of Durgesh Kaushik – the former Managing Director in charge of Snapchat India and South Asia market development – to lead the exchange’s growth in emerging markets. Kaushik, who joined Snap Inc, a US camera and social media company, in 2019 left the firm late last month. In the last year, Snap saw India’s daily active users rose150% year-on-year, hitting 100 million monthly active users. At Coinbase, Kaushik will be in charge of scaling the exchange’s operations in…

Bitcoin Bears Keep Pushing, Why Upsides Remain Limited

Aayush Jindal

Bitcoin is struggling to clear the $38,800 resistance against the US Dollar. BTC could decline heavily if it stays below the $39,000 pivot level. Bitcoin is struggling to recover above $38,800 and $39,000 resistance levels. The price is now trading below $38,600 and the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $38,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $38,880 and $39,000 resistance levels to start a decent increase. Bitcoin Price Eyes…

This brother duo’s no-code startup enables users transition from Web2 to Web3 applications

Anthony B

Today, tech enthusiasts around the world have been swearing on the potential of Web3 as the next phase of the internet. But Gaurav Kumar (40) and Saurav Kumar (37) already saw the day coming. With over 15 years of experience in the web development arena, the brothers started Myraah in February 2020 as a Web2 application to help SMEs (Small and Medium Enterprises) and startups create their websites and other digital assets.  Soon, they got exposed to Web3 technologies and saw the immense potential in the field, but at the…

VanEck Releases First NFTs, Promising Early Access to Research

Anthony B

“Since each NFT in the VanEck Community NFT is unique and scarce in their own right, the use of this NFT allows us to build an exclusive community where members who hold said NFT are invited to experiences and events where they can network with like-minded investors and crypto enthusiasts,” VanEck internal sales manager Matthew Bartlett told CoinDesk via email. Author: Cameron Thompson Source link

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