Bitcoin Steady, Nasdaq Bear Market, Whales Stock Up On Cardano And FTX Expands Into Europe

0

Last Updated on 8 March 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
View all posts

Bitcoin remained relatively steady on Tuesday morning around $38k while the Nasdaq entered bear market territory with it’s latest loss. Meanwhile we are hearing reports that more and more whales are buying Cardano and FTX seems ready to expand globally, having just opened another office in Europe now.

Advertentie.

Buterin and Hoskinson

Cardano is attracting large investors, according to a report that IntoTheBlock released over the weekend. The coin created by Charles Hoskinson, who co-founder Ethereum together with Vitalik Buterin, appears to hold a lot of promise for the future.

Lucas Outumuro, head of research at IntoTheBlock, said:

Cardano appears to be showing signs of promise for more to come after years without launching smart contracts. This appears to be translating into an accumulation of ADA from large players.

After years of lacking smart contract capabilities, Cardano is starting to show some traction in its application layer. DEXes on Cardano have raised capital from reputable crypto funds such as Three Arrows Capital.

FTX expands into Europe

Seeing the enormous interest from Ukrainians already in the last few weeks (as they try to protect their assets) and knowing that crypto interest is very high among Europeans, it’s probably no surprise that Sam Bankman-Fried’s FTX exchange is now expanding into Europe as well.

We’re excited to launch our European operations in a regulated fashion to better serve those within the continent. As we continue to grow, we are constantly looking at opportunities to become appropriately licensed and regulated in every market we enter. We’ll be interacting with regulators in various countries across Europe to continue to provide a safe and secure environment for people to trade crypto

Sam explained.

The European branch of FTX will be led by Patrick Gruhn of Swiss law firm Crypto Lawyers LLC.

Europeans will now be able to use FTX’s best-in-class trading platform to invest in a wide range of cryptocurrencies derivatives through a regulated investment firm.

Gruhn explained.

GrinPhoto / Depositphotos.com