DBS: Bitcoin is ‘potentially a better store of value’ than the dollarThe global crypto market cap is $1.58 trillion with a 24-hour volume of $208.74 billion. The price of Bitcoin is $36,483.00 and the BTC dominance is at 43.4%.
by Shaurya Malwa The bank made the comment (among several others) in a note to clients this week. DBS, Singapore’s largest and one of the world’s biggest banks by assets under management, put forward a bullish case for Bitcoin in a client note earlier this week. The bank said allocating funds to Bitcoin was an “opportunity that [fiat] money cannot buy,” adding that such investments remained a highly risky endeavor and the prospect of losing all their funds was “well within the realm of possible outcomes.” Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. More news ⏬Dutch Bitcoin exchange fends off Central Bank’s verification demands for crypto usersNetherlands-based crypto exchange Bitonic today announced that a recent court order has convinced the Dutch Central Bank (DNB) to withdraw its demands for “unlawful and onerous” user verification requirements such as mandatory wallet screenshots. Greenpeace USA stops accepting Bitcoin donations due to environmental concernsThe American arm of Greenpeace, a non-governmental multinational environmental organization, has stopped accepting donations in Bitcoin (BTC) amid growing concerns about the crypto’s impact on the world’s ecology, it told Financial Times yesterday. Institutional investors bought more Ethereum than Bitcoin last monthBitcoin (BTC) witnessed the largest on record outflow last week, said the London-based digital asset manager CoinShares in a report earlier this week. Publicly traded Canadian company launches Cardano (ADA) staking serviceCanadian publicly-traded company iMining will now include Cardano (ADA) in the list of supported assets for its staking services, it said in a release today. Exploring fractionalized NFT and private-sale tokensNot all investors are born equal. SEC wins motion to compel overseas partners to comment on Ripple (XRP) lawsuitJudge Netburn denied Ripple’s motion to stop the discovery of foreign requests for assistance by the U.S Securities and Exchange Commission (SEC), as per a filing yesterday. ‘Ivy League’ school Wharton gets $5 million in Bitcoin as donationThe University of Pennsylvania received a $5 million donation via Bitcoin recently for its finance programs, the school said in a release today. 4-time F1 champ Red Bull Racing signs on Tezos as ‘blockchain partner’Red Bull Racing (RBR) has signed on Tezos, the world’s 42-largest blockchain by market cap, as its Official Blockchain Partner, as per a release this morning. Teaming up with the world’s most advanced blockchain 👊 Announcing a new multi-year technical partnership with @Tezos as our Official Blockchain Partner. Pancake Bunny token plummets by 90% after $40 million flash loan attackThe price of Pancake Bunny (BUNNY), the native token of the eponymous decentralized finance (DeFi) platform based on the Binance Smart Chain (BSC), plummeted by over 90% after it fell victim to a flash loan attack today. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🔥 Trending Sectors
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