• swiss bank launches crypto trading
    Cryptocurrencies,  Regulation

    Swiss bank Bordier & Cie launches crypto custody and trading services

    The 177-year-old private bank’s move to allow clients to hold and trade cryptocurrencies comes as a comprehensive Swiss blockchain law comes into effect

    The venerable Swiss private banking firm of Bordier & Cie has become the latest bank to jump into the cryptocurrency business, offering its customers a variety of trading and custody services. The move comes as the first phase of Switzerland's new “blockchain law” comes into effect, amending company law and financial market legal infrastructure.

  • Kraken $10 bilion coinbase S-1
    Cryptocurrencies,  People,  Regulation

    Kraken looks for $10B valuation as Coinbase prepares to go public

    The U.S. based exchange’s funding round set to value it at as much as $20 billion, while larger rival Coinbase’s S-1 filing could see it worth $100 billion

    Kraken is in talks with firms including Fidelity, Tribe Capital and General Atlantic to raise the funds. However, if demand is as high as some suspect it will be, Kraken’s value could exceed $20 billion. That follows yesterday’s news that its larger competitor, Coinbase, filed a Form S-1 with the U.S. Securities and Exchange Commission, confirming reports that it will go public with a direct stock listing, probably on Nasdaq.

  • markets report bitcoin price
    Bitcoin,  Markets Report

    Markets Report: Bitcoin taps support at $44,000 after week of losses

    A painful few days for hodlers looks set to culminate in a test of various critical support levels

    Bitcoin has almost completed another rollercoaster week in which it met its second major price correction of 2021. Having hit $58,300 all-time highs, bulls lost steam with a retracement becoming a full-on dive in which Bitcoin lost 20%. Subsequent ranging combined with fresh weakness has taken weekly losses to almost 25%.

  • NFT art Beeple sells $6.6 million
    adblock,  Cryptocurrencies,  Technology

    Beeple NFT artwork sells for $6.6 million

    Non-fungible token artwork seller Nifty Gateway called the sale of the Donald Trump-bashing piece by Mike “Beeple” Winkelmann historic

    The unique NFT art was part of the first drop on Nifty Gateway by Beeple, also known as Mike Winkelmann. The record-setting price was obtained when “CROSSROAD #1/1” was resold on the secondary market, the company said on Twitter. “History has been made,” it added. “We can confirm that this is a legitimate sale - this was brokered by Nifty Gateway's art buying services."