Provident Financial News

Cryptocurrency exchange FTX US is now offering equities to its U.S. customers. It announced on May 19 that its select customers can now trade stocks and ETFs.With this move, FTX US has become the first crypto exchange to enter the equity market.

The latest strike by the market bears left a significant impression on tokens and investors alike. Amidst the bear run and market-wide crash, EGLD dipped as low as $72.02 last week. However, the cryptocurrency delivered showed some positive performance this week after rallying by more than 30% from its previous week’s low.

“Wen MimbleWimble [MWEB] update?”, you ask. Well, according to Charlie Lee, Managing Director of the Litecoin Foundation, the MWEB upgrade is estimated to activate on 19 May at 8:30 p.m. (5/20 3:30 a.m. UTC).

The European Union’s executive body has proposed for the first time offering up to €9 billion, equivalent to $9.5 billion, to help Ukraine pay its bills through the rest of 2022, matching U.S. plans to provide immediate short-term aid.

UST’s crash was the black swan event which confirmed that crypto-winter is here. Additionally, the market’s failure to register significant recovery further enforced this conclusion. Investors are now left wondering how long the crypto-winter will last, but Grayscale’s ETF applications might provide us a reasonable timeline.

The wave of fund manager M&A that drove global deal numbers to a record high last year has run into 2022, with the value of transactions in the first four months of the year its highest since 2018.

Junior bankers have quit in droves over the past year, demanding more pay and an overhaul of the brutal culture that forces fresh graduates to endure 100-hour weeks.

The latest crypto market crash highlighted the need to focus on blockchain projects that offer real-world utility. LINK is among the few cryptocurrencies in this category thanks to a business model that involves providing on-chain oracle services. But, the question is- Should you really invest in LINK?

A study shows that 90% of surveyed central banks worldwide are exploring the future issuance of central bank digital currencies (CBDCs). Blockchain.News interviewed industry experts to find out the outlook of Hong Kong’s digital currency and its potential adoption.

Nomura said it is launching a new digital assets company to provide its institutional clients with crypto trading services.

Steve Ashley, chair of the new company and head of Nomura's wholesale division, says: “This is a major step forward as we look to scale-up our digital asset related businesses and investments. The new company will enable us to build an edge in providing institutional clients with access to a wide range of new products and services and contribute meaningfully towards responsible innovation in the digital asset ecosystem.”Operating as a wholly owned segregated entity of NHI, the unit will have its own dedicated capital and will be staffed by digital asset specialists from Nomura and external hires.“Establishing this new company is a critical foundation for us and key to building an end-to-end digital asset offering,” says Jez Mohideen, the unit’s newly appointed CEO.

Founder: Shivani Siroya (CEO)Launched: 2014Headquarters: Santa Monica, California Funding: $362.1 millionValuation: $800 million (PitchBook) Key technologies: Machine learning Industry: FintechPrevious appearances on Disruptor 50 List: 2 (No. 20 in 2021)

The crypto market crash of last week has affected every token present in the worst possible way. With plummeting prices and a slow road to recovery, most tokens are still struggling to reach their road to recovery. Filecoin’s native cryptocurrency FIL is no different.

The wave of fund manager M&A that drove global deal numbers to a record high last year has run into 2022, with the value of transactions in the first four months of the year its highest since 2018.

Elwood's end-to-end OMS/EMS/PMS platform provides low-latency connectivity to global crypto exchanges and deep liquidity via one single API. Full reporting and analytics and dedicated customer support round out the package.James Stickland, CEO of Elwood Technologies, comments: "The rich mix of investors participating in this raise reaffirms the movement of financial institutions working closely with their native digital asset technology providers.

Although it’s not a frontrunner in the market, Litecoin is known for being ever-present at all times. Its significance is drawn from its minimal yet expansive use cases that keep it relevant. To date, investors continue to bank on those use cases for recovering their losses.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

With many individuals and institutions losing faith in cryptocurrencies of late, looks like one country stands unaffected. Despite the unimpressive few days of the cryptocurrency market, Nigeria’s Securities and Exchange Commission (SEC) has announced rules relating to the issuance, exchange, and custody of digital assets in the country. With Nigeria already being one of the leaders of crypto adoption, the country has big plans to further its crypto industry in the future.

Bitcoin moved past the $30k mark in recent hours after finding some support at $28.5k, and this move upward prompted many altcoins to rally. Decentraland saw a 45% rally in recent hours, and EOS flipped its bias toward bullish after a week of intense selling. PancakeSwap could see a quick move above the $5 area in the next few hours, provided Bitcoin can hold above the $30k mark.

A quarter of the UK's adults are hesitant in crypto investments due to a perceived lack of security, according to research from TMT Analysis.

The booming of the crypto coins like Bitcoin in different regions and nations is unstoppable. This has recently been observed in the case of the Central African Republic (CAR). Of course, one of the major questions that have remained unanswered is whether Bitcoin adoption can work in such a developing country.