Ex-Morgan Stanley Exec Joins His Former Colleagues at Shenzhen Crypto Firm

Chinese cryptocurrency company Amber Group recruited ex-Morgan Stanley Asia head of derivatives Jeffrey Wang. Former Morgan Stanley Asia head of derivatives Jeffrey Wang officially joined Amber Group, a Shenzhen-based cryptocurrency company. As Bloomberg reported on Aug. 23, Wang will operate out of Vancouver as the head of Americas for Amber. According to the article, he […]

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Bitcoin Price Stays Over $10K as Trader Warns Ethereum Chart Is ‘Ugly’

The previously delicate barrier turned to firmer support on Friday, with BTC price rising above $10,200. Bitcoin (BTC) price was consolidating $10,000 support on Aug. 23 after successfully shunning four figures during the day’s trading. Market visualization. Source: Coin360 Bitcoin delivers firm bounce off $10K Data from Coin360 show a newly strengthened Bitcoin managing to […]

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The European Commission Concerned About Libra’s Potential Monopoly

The European Commission’s antitrust arm is investigating whether Libra will be an anticompetitive enterprise. Antitrust regulators at the European Commission, the executive branch of the European Union, have sent out a questionnaire to determine whether Facebook’s proposed stablecoin Libra is an anticompetitive project. Bloomberg learned of the news via a private document, per a report […]

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Mark Mobius: Buy Gold as Bitcoin Price Rises, Central Banks Cut Rates

Cryptocurrencies like Bitcoin will help drive gold price higher, according to veteran frontier markets investor Mark Mobius. Veteran frontier markets investor Mark Mobius suggested that cryptocurrencies will boost the price of gold.  Canadian finance news outlet BNN Bloomberg interviewed Mark Mobius on Aug. 20. The legendary investor believes cryptocurrencies will help the rise of gold. […]

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Japan to Solarize Its Burgeoning Digital Economy, Expert Take

A look at green policy and crypto energy consumption in Japan. Society is now witnessing the implementation of digital currencies, artificial intelligence (AI) and blockchain technology worldwide. These new digital technologies necessitate very high consumption of electric energy, which is currently produced with coal and fossil fuels that have adverse environmental effects. A global shift […]

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