In this episode, we discuss Gemini’s new MICA license in Malta, Coinbase CEO Brian Armstrong’s Bitcoin predictions, and the latest moves from a major Bitcoin whale. Plus, find out how wealthy Asian families are increasing their crypto investments! Jane King has the Latest from the NYSE
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Thanks, Rey.
Here's a look at your coin Street headlines.
Crypto exchange Gemini has received its Mica license in Malta.
The Winklevoss twins say this will allow the company to expand the secure and reliable crypto to products for customers in over 30 European countries and jurisdictions.
In line with the expansion in the EU, Jim and rolled out a tokenized stock offering on the arbitra blockchain.
In late June, targeting European customers.
Well, Coinbase CEO Brian Armstrong sees $1 million Bitcoin, but he says let's find some staying power, $124,000 1st.
Armstrong did say he expects Bitcoin to reach that level by 2030.
1 crypto analyst warned investors should not get ahead of themselves after Bitcoin fell to 112,000 this week, down 9% from its all-time high.
Well, another Bitcoin whale is making moves in the market.
Coin Telegraph says this whale has nearly 15,000 Bitcoin worth $1.6 billion.
The purchases from the crypto exchanges, Binance and HTX date back to over seven years ago.
The report says the whale sold $76 million of Bitcoin to go along Ethereum, and wealthy Asian families and family offices are ramping.
Up their cryptocurrency investments driven by the bullishness around digital assets, increased mainstream adoption, and favorable regulatory developments in key markets.
Reuters reports wealth managers said they are receiving more inquiries.
Cryptocurrency exchanges have seen trading volume surge, and crypto funds are in huge demand as high net worth Asian investors seek more exposure, and that is the latest Point Street headlines.