The first {digita}l token offered by the [largest] bank in Southeast Asia

The first digital token offered by the largest bank in Southeast Asia

The Bank of Singapore on Monday announced its first digital token on its central bank's decentralized digital exchange.

 The digital token offered is a private token and is the sole supplier of the Central Bank of Singapore.

 The details of the supplied token are as follows:

This paves the way for digital currency issuers and customers to decentralize exchanges so they can access digital financial markets to meet their financial needs. It also paves the way for the production of other digital tokens. It paves the way for decentralized exchanges and this will become commonplace.

This is just the beginning of a lot of work to be done in the future, said Clifford Lee, chairman of Singapore Central Bank Fixed Income.

 This shifts the money supply from the traditional mode to a digital ecosystem, allowing currency exporters and investors to interact more and develop faster.

It should be noted that the Central Bank of Singapore acknowledged that the country's digital exchange has attracted a lot of public attention since its launch, adding that the amount of capital invested has increased about 10 times since the first week of supply.

The growth of the number of bitcoin wallets of institutions has started again with 100 to 1000 coins

The growth of the number of bitcoin wallets of institutions has started again with 100 to 1,000 coins

The chart provided by Golsnood shows that bitcoins stored in wallets are increasing by 100 to 1,000 coins.

Institutions are buying more bitcoins

The Golsoon chart, shared by the chief investment officer of Moskov Capital, shows that the number of Bitcoin wallets holding 100 to 1,000 BTC has risen again after falling slightly in April.

Lex Moskowski explains that wallets in the 100-1000 bitcoin range show that financial institutions use a specific protocol to store funds on platforms such as CoinBase, BitGo, and so on.

Lex also explained that CoinBase keeps funds in its wallets and divides them into categories of 100 to 120 bitcoins. He believes that this resumption of growth is good news for Bitcoin.

Earlier, U.Today reported that an unprecedented amount of Bitcoin - 12,234 BTC - had been withdrawn from the CoinBase exchange, which was probably done by institutions.

Bitcoin active addresses have reached a 3-month high

According to a recent tweet from Golsnood, the number of active Bitcoin addresses (seven-day average) has risen to a three-month high of 65,659.

The highest similar rate was detected on February 9, at 65,525 addresses.

An overview of the cryptocurrency market today Saturday, February 7

An overview of the cryptocurrency market today Saturday, February 7

After another jump that pushed the BTC to $ 41,000, the cryptocurrency traded below $ 40,000. The value of the cryptocurrency market also reached a slump above $ 1.2 trillion.

Bitcoin touched the $ 41,000 level

After Monday's price drop, the price of Bitcoin was gradually rising until it exceeded the $ 37,000 level. Following this move, the cows raised it above $ 40,000.

In addition, Bitcoin touched the $ 41,000 price level. Thus, the market's top cryptocurrency was just $ 1,000 away from its record 42,000 (approximately 2%).

At this point, the bears took action and did not allow the currency to move further. On the contrary, BTC returned to the daily low of $ 38,000. However, since then, with a slight improvement in price, it has returned to the level of $ 39,000.

Technically, BTC still has to cross the $ 40,000, $ 40,735 and $ 41,000 resistance lines to challenge the $ 42,000 level. Conversely, support levels of $ 38,550 and $ 38,000 could help if prices fall again.

Cardano's new record

In the last few days, most alternative coins have been so successful that they have set new records for currencies such as Atrium, Polkadat and Binance Coin. As a result of these developments, the total value of the cryptocurrency market also reached a record $ 1.220 trillion.

However, the situation has changed somewhat in the last 24 hours. Atrium has dropped more than 2% and is currently trading below $ 1650. Bitcoin Cash (5%) also fell below $ 460. China Link (4-%), Polkadat (2-%) and LightQueen (4-%) are also red today. While BNB and XRP have made small gains.

In addition, Cardano showed the best performance among the top 10 currencies in the market with a significant increase of 23%. As a result of this move, the ADA has reached $ 0.67, which is the highest price for the currency code in the last 3 years.

Decentraland (30%), Dogecoin (21%), Quant (16%), Avalanche (16%), Huobi Token (14%), Elrond (14%) and Decred (13%) have all experienced double-digit price growth. .

Vs. Nexo (-11%), FunFair (-10%), Alpha Finance Lab (-10%), 0x (-9%), Ampleforth (-8%) and Ren (-7.5%) a significant percentage of They have lost their value.

An overview of the cryptocurrency market today Saturday, February 6

An overview of the cryptocurrency market today

The crypto market took a big step forward with the entry of Ether into the $ 1,700 channel and its all-time high of $ 1,773. Atrium futures trading in the Chicago Mercantile Exchange (CME) Group is scheduled to begin on February 9, which is why many analysts predict that the Altcoin will move to serious resistance on its way to It will reach $ 2000.

Ether is currently trading at $ 1,669, up 1.27% in 24-hour timeframe. Meanwhile, the market's top cryptocurrency, Bitcoin, traded up 5.24 percent over the past 24 hours at $ 39,268.

Gas costs in the Atrium network also reached the highest level in history at the same time as the price increase and caused some exchanges to suspend the ability to withdraw ETH and ERC-20.

On February 4, Yern Finance (YFI) was the victim of a massive attack, and a hacker removed $ 11 billion worth of StableCoin DAI from the DAI coffers. The team took swift action to reduce the damage. These include blocking the $ 1.7 million stolen budget and making a targeted proposal by the MakerDAO community to create a debt-for-collateral position (CDP).

Altcoins on the growth path

While Bitcoin traded in the range of $ 36,000 to $ 38,000, Altcoins accelerated and on Friday a large number of Altcoins saw a bullish decline in their price.

MakerDAO (MKR) grew another 45% to $ 3,099 before modifying to $ 2,810, while the Defy 0x (ZRX) Infrastructure Protocol rose 61% to $ 1.63.

Cardano (ADA) showed the most prominent performance among the larger altcoins with a 26.44% increase. Baines Coin (BNB) also reached its highest price at 64.87.

The total value of the cryptocurrency market today stands at $ 1.17 trillion, while Bitcoin dominates 60.1%.