BBVA advises high-net-worth clients to put 3 to 7 percent of their portfolios into Bitcoin and Ethereum as the adoption of cryptocurrencies rises.
Cryptocurrency Adoption
Bitcoin And Ethereum Find Shelter At Singapore Exchange
The rate of crypto adoption is undoubtedly on an upward trajectory. With prominent companies exploring the prospects of cryptocurrencies, digital assets have found shelter at stock exchanges as well. While several stock exchanges have already listed popular cryptocurrencies like Bitcoin [BTC] as well as Ethereum [ETH], many stock exchanges from across the globe have been […]
Brazil’s Regulator Orders Binance to Stop Providing Crypto Derivatives
Brazil ‘s financial regulator, the Securities and Exchange Commission, which is commonly known as CVM, has prohibited Binance ‘s giant trading platform from offering cryptocurrency derivatives in the country. According to the authority, derivatives are cryptos or underlying assets, which are considered to be securities. As such, Binance is required to register with CVM in […]
Indian Cryptocurrency Exchange CoinDCX Raises Millions in Latest Investment Round
Bitcoin and the rest of the cryptocurrency market have tried their best to become mainstream after a decade of their inception. This growing financial sector has become so important that regions around the world have begun to rethink their applications. India was one of the few countries vehemently opposed to cryptocurrencies. The ban on cryptocurrency […]
Banking Closure in Venezuela Drives Bitcoin Trading Amid COVID-19 Pandemic
Following the spread of coronavirus across the world, President Maduro has ordered national quarantine in Venezuela. Only 33 cases of COVID-19 were reported to have been confirmed in the South American nation. Irrespective of the number, the President decided on March 17 to put the whole country in quarantine. The emergency action taken by President […]
South Korea Pushes For More Cryptocurrency Adoption With New Taxation Laws
Cryptocurrency adoption has been on the rise in recent weeks and the countries of South Asia have been at the forefront. Reports have shown that developments in Asia have surpassed that in the US, with proponents betting on China and South Korea. South Korea’s recently reported that it had taken significant steps to integrate cryptocurrencies […]