Breaking: Switzerland’s Financial Regulator Approves First Ever Crypto Fund
Switzerland’s financial watchdog Financial Market Supervisory Authority (FINMA) on Wednesday approved the country’s first-ever dedicated crypto fund. The new crypto fund would be called the Crypto Market Index Fund FINMA has categorized the crypto fund under “other funds for alternative investments.”
🔥CryptoGames: The First Ever Casino to Launch Solana in the World of Online Gambling
For those who are up to date with the global techy financial system, it is well known that cryptocurrency has slowly started to take over the future system. And it is quite evident since many entertainment resources are becoming crypto-oriented. One notable example of the merging of Cryptocurrencies and entertainment sources is the birth of Crypto oriented Casinos.
🔥Worthpad Protocol Review: Rebuilding the Core Offerings in Decentralized Finance
The concept of decentralized finance (DeFi) is becoming increasingly popular today. While many people are familiar with the earning models that revolve around liquidity provisions, lending, and staking, DeFi offers much more. The Worthpad protocol is one of the emerging decentralized protocols with the underlying focus of making the investment in DeFi and cryptocurrency initiatives simple and accessible for everyone.
🔥XRP Lawsuit: Ripple responds to SEC’s repetitive “privileged documents” argument
The latest update in the XRP lawsuit saw Ripple file a letter responding to the SEC’s brief regarding allegedly privileged documents that the SEC has redacted or withheld. Ripple has argued against SEC’s repetitive “privileged” stance to prevent discovery and review of evasive and responsive documents to the case.
🔥Cardano Allocates $100M For Defi & NFT Development, Can it Boost $ADA Price?
Cardano’s financial arm Emurgo allocated $100 million towards the development of the Defi and NFT ecosystem. The financial boost can help Cardano become a hotspot for upcoming Defi and NFT projects as the blockchain became smart contract compatible post-Alonzo upgrade.
📈This Wall Street Giant Has Increased its Bitcoin ($BTC) Exposure by 105% Since April
The demand for Bitcoin ($BTC) has skyrocketed among Wall Street giants this bull season. The majority of institutional investors watched the 2017 BTC rally from the sidelines calling it a bubble waiting to burst. However, when that didn’t happen and BTC more than tripled its ATH in 2021 even former critics of the top cryptocurrency are rushing to gain more exposure this bull season.
📈BTC Stable Above $40,000 As Consolidation Takes Precedence
Bitcoin price holds firmly to the demand zone above $40,000 and is reinforced by the 100-day SMA .The IOMAP on-chain model highlights immense resistance and support levels, hinting at BTC’s consolidation lasting longer.The flagship cryptocurrency appears to be in stasis between a rock and a hard place. On the downside, $40,000 has grown to be formidable support, while on the upside, $44,000 is a significant hindrance to the uptrend.