Bitcoin reserves on derivatives exchanges have fallen to levels not seen before the May price drop. Data from on-chain analytics service CryptoQuant confirmed that, as of Tuesday, derivatives reserves amounted to 1,256 million BTC, the lowest since May 11. In this sense, the data indicates that institutions are buying Bitcoin as of the end of 2020.
In a context in which institutional interest returns to cryptocurrency instruments such as the Grayscale Bitcoin Trust (GBTC). The figures show that major players have been adding to their BTC holdings throughout the slide.
The analyst William Clemente III commented this week that “big capitals have been buying.” What further confirms that institutions are buying Bitcoin.
Now, the balances of the exchanges prove it. Since in derivatives platforms the trend observed for the last time at the end of 2020 is repeated.
The price of the main cryptocurrency on the market, Bitcoin is trading at USD 46,396, growing 3.24% in the last 24 hours according to our internal tool, crypto online. The bullish sentiment in the market has been generalized in the rest of the cryptocurrencies, reveal the same indicators.
Stellar Blockchain Remittance Broker Will Boost Payments Between Thailand and Europe
Cross-border remittances are currently positioned as one of the best cryptocurrency use cases that will lead you to mainstream finance. Parallel to this trend, a new partnership between Velo Labs and two financial institutions has resulted in a USD 17 billion remittance corridor between Europe and Thailand.
Using Velo Labs’ blockchain-based financial protocol, local financial institutions Tempo Payments and Bitazza will host the cross-border remittance service. Connecting Thailand and 27 European countries.
The broker will be hosted on the Stellar blockchain and will make use of Velo tokens and Velo digital credits for on-chain transactions. The new corridor will serve around 600 million customers in the Southeast Asian nations and Europe.
Bank of Ghana to pilot CBDC with German banknote printing company G + D
The Bank of Ghana (BoG) is taking a further step towards developing a central bank issued digital currency (CBDC). By partnering with a German coin technology provider.
The BoG officially announced on Wednesday that it had signed an agreement with German banknote and securities printing company Giesecke + Devrient (G + D). To test a retail CBDC in Ghana, West Africa.
As part of the agreement, G + D will provide its proprietary CBDC solution known as Filia to test the issuance of a digital form of Ghana’s national currency, the cedi. The digital currency will be tested in a trial with local banks, merchants, payment service providers and consumers, as well as other related parties.
The project is part of Ghana’s digitization strategy, the ‘Ghana Digital Agenda’. Whose goal is to digitize government data and services for the country of 30 million people. Also known as e-cedi, the digital cedi aims to complement the country’s traditional national currency as a digital alternative. According to the announcement, the CBDC should facilitate payments without a bank account, contract or smartphone.
Alipay adds cooling function in NFT to curb speculation
In the meantime, users can send NFTs only to accounts that have passed real name verification, per the terms.
Likewise, the terms also establish that the copyright of digital works belongs to the creator or issuer. And that buyers cannot use them for commercial purposes without their consent.