Technology info

Cryptocurrencies are going mainstream, and retail and institutional investors are getting more ways to access them The Mexican Stock Exchange (BMV) is looking to list cryptocurrency futures on its platform, making it easier for investors to gain indirect exposure to the crypto market. The stock exchange’s CEO José-Oriol Bosch announced this latest development earlier this week. In an official interview, Bosch stated that they are planning to list the futures on their derivatives exchange. He added that they had discussed and analysed the initiative with financial authorities in the country. According to Bosch, the financial regulators are careful to ensure that the stock exchange doesn’t experience something similar to the dot-com bubble. However, he believes that the BMV will follow the footsteps of other stock exchanges in other parts of the world and list cryptocurrency futures. The cryptocurrency futures would make it easier for retail and institutional investors to gain indirect e...

The cryptocurrency space is worth over $2 trillion, and the number of billionaires in the industry is increasing Forbes has published its latest list of the 400 richest Americans, and six new people in the cryptocurrency space are now billionaires. The cryptocurrency market is worth over $2 trillion after recording massive growth in the past 18 months. According to Forbes’ latest publication, there are six new cryptocurrency billionaires in 2021. The crypto space now has a total of seven cryptocurrency billionaires in the United States. A popular name on the list is FTX’s Sam Bankman-Fried. Bankman-Fried is one of the leading names in the crypto space after spearheading FTX and Alameda Research. His FTX crypto exchange is currently valued at over $18 billion, up from the $2.5 billion it was worth a year ago. Forbes said the seven billionaires are worth an estimated $55.1 billion. Sam Bankman-Fried is worth almost half of that, with his net worth now around $22.5 billion. Coi...

The cryptocurrency market has experienced massive growth over the past few years, and financial players are now bullish about cryptocurrencies The Bank of America has published a new report covering the latest innovations in the cryptocurrency and blockchain ecosystem. The bank is bullish on the Ethereum network and the latest innovations, including non-fungible tokens (NFTs) and decentralised finance (DeFi). Traditional financial institutions were very critical of Bitcoin and the broader cryptocurrency market during the early years. At the time, the Bank of America described Bitcoin as a slow and impractical financial asset. However, the tone has changed in recent years, with the bank stating that the cryptocurrency market has grown too big to be ignored. Bank of America Global Research’s new Digital Asset Primer called blockchain technology the most exciting new market in years. The financial institution said it is not only bullish on Bitcoin and blockchain technology but also on Eth...