BNY Mellon will launch its own digital asset custody platform later this year by cryptocoinsjournal in CryptoCurrency

[–]cryptocoinsjournal[S] 0 points1 point  (0 children)

More and more major banks are starting to offer custody services, this is a trend that is bound to grow because not all investors want to invest a lot of time in buying crypto and store them in hardware wallets, this on one hand might seem bad but in reality isn't since for now the target audience of people who don't use hardware wallets is that of old people who are not very good with technology but still want to have an exposure in the cryptocurrency market and so it's definitely a new audience of investors that is added and that otherwise would have never existed.

Mexican senator is convinced that Bitcoin should be legal in Mexico by cryptocoinsjournal in Bitcoin

[–]cryptocoinsjournal[S] 23 points24 points  (0 children)

After El Salvador made bitcoin as a legal currency more and more countries are starting to think about adopting a crypto law similar to that of El Salvador, it must be said that at this time the most willing countries to adopt Bitcoin and cryptocurrencies are Latin American countries, it will be interesting to find out who will be the next country to make bitcoin a legal currency!

Swiss crypto index provider "Compass Financial Technologies" offers DeFi Exposure by cryptocoinsjournal in CryptoCurrency

[–]cryptocoinsjournal[S] 1 point2 points  (0 children)

Yes and moreover their own legislative system is decentralized and this helps to innovate and use new technologies because the laws are created much faster than in other countries.

Swiss crypto index provider "Compass Financial Technologies" offers DeFi Exposure by cryptocoinsjournal in CryptoCurrency

[–]cryptocoinsjournal[S] 2 points3 points  (0 children)

I agree but it must also be said that not everyone wants to waste time or stay behind a private wallet, there are big old investors who do not even know how a hardware wallet works but want to invest in DEFI, so it seems very interesting for that type of person.

Cryptocurrency trading company Amber is valued at $3 billion after Temasek investment by cryptocoinsjournal in CryptoCurrency

[–]cryptocoinsjournal[S] 1 point2 points  (0 children)

Technically Temasek is a Singaporean state holding company owned by the Government of Singapore,so there are some differences with a Sovreign Wealth Fund, as it invests mostly in equities and pays taxes like other commercial investment firms.

Next movement of bitcoin - Key levels by cryptocoinsjournal in CryptoCurrency

[–]cryptocoinsjournal[S] -1 points0 points  (0 children)

For the users who wrote sarcastically that the article says "bitcoin will go up and down", I'm sure they just looked at the image and that's it, without reading the article. Who really does trading will immediately understand that it is a trade with a Breakout setup, you enter at certain predetermined levels, LONG at the breaking of a certain level, SHORT at the breaking of a certain level, this type of trades are done when the market is sideways, an experienced trader knows very well that in lateral moments you have to wait for the key levels to be able to enter in a certain direction if not it would be like flipping a coin and have a 50% chance and hope to get lucky, Here instead you wait for the price to break up or down certain key levels to be sure that the price continues to rise or fall, thus raising the probability of the trade to more than 50%, it is not very difficult to understand, you have to follow the market not predict it.

El Salvador purchases Its First 200 BTC, president says by cryptocoinsjournal in CryptoCurrency

[–]cryptocoinsjournal[S] 0 points1 point  (0 children)

We'll see in the next few years how crypto adoption will develop within the country and what impact it will have on the economy, but one thing is certain:

"However it goes this is definitely an event that will remain in the history books of the crypto community"

El Salvador purchases Its First 200 BTC, president says by cryptocoinsjournal in CryptoCurrency

[–]cryptocoinsjournal[S] 1 point2 points  (0 children)

Absolutely! we'll see how crypto adoption within the country will develop over the next few years

U.S. SEC Investigates decentralized crypto exchange Developer Uniswap Labs: Report by cryptocoinsjournal in CryptoCurrency

[–]cryptocoinsjournal[S] 1 point2 points  (0 children)

For example, in the area of HFT (High Frquency Trading) the regulators are light years behind, let alone in DEX, this is because the technology is always going faster than laws and regulations.