top of page
Search

Stapels Center Will Be Renamed into the Crypto.com Arena

Updated: Feb 21, 2022

GB Market Commentary 18/11/2021

by Frederick Williams


Bitcoin is continuing to fluctuate around the key $60,000 level, following signs this week that traders are reining in some of the excessive speculation which has sent the cryptocurrency soaring. Central bank officials say changing trends and developments on the regulatory and monetary side could also halt the gains for digital assets, while U.S. lawmakers believe legislation is needed to regulate cryptocurrencies before they start to pose a danger to the financial system. The Fear & Greed Index is currently at 54 putting it in a neutral stage. This suggests that we are in a stagnant stage for the time being. On-chain data shows that Ethereum exchange outflows reached their all-time highs yesterday as ETH lost almost 15% of its value, dipping as low as $4000. This shows that the majority of Ethereum holders retained their confidence in the token and have been buying the dip in mass. In the last 24 hours QRDO is up 28%, ALGO is up 12% and Metaverse tokens Decentraland and The Sandbox are up 9% and 18% respectively.


The president of Peru’s central bank has indicated that the country will be joining forces with India, Singapore, and Hong Kong to develop its own central bank digital currency. Peru will partner with the central banks of countries more advanced in their development of CBDCs including India, Singapore, and Hong Kong.


On December 25th, Los Angeles’ iconic Stapels Center will be renamed into the Crypto.com Arena. To claim naming rights, crypto exchange Crypto.com signed a 20-year contract worth $700 million. Following this, the Crypto.com Coin CRO has soared over 26% in the last 24 hours.


A survey, featuring 2020 Australians between the ages 18-59 revealed that 26% of them were considering a crypto-related gift as a Christmas present. The greater, or 53% of those wanting to purchase crypto presents, said they would consider buying cryptocurrencies like Bitcoin or Ethereum for their friends and family this Christmas.

Comments

GCEX New Logo and Icons 300X300 (1).png

Terms & Conditions

Privacy & GDPR Policy

Cookie Policy

Jurisdictions

Complaints Procedure

+44 20 4634 3947

info@globalblock.eu

​

  • LinkedIn

GlobalBlock is a trading brand of GC Exchange A/S, part of GCEX Group. GC Exchange A/S is a company incorporated and registered in accordance with the laws of the Kingdom of Denmark (CVR 43088777), authorised by the Danish Financial Supervisory Authority (FTID 45020) as a Currency Exchange and registered as a Virtual Asset Service Provider (FTID 17524) under the Danish Act on the Prevention of Money Laundering and Financing of Terrorism. ​

 

All fiat and cryptoassets transferred to GC Exchange A/S are received and held on a title transfer basis, meaning ownership passes to GC Exchange A/S and clients hold a contractual claim for equivalent amounts. Fiat funds do not constitute deposits or electronic money under Danish or EU law and are not protected by any deposit guarantee or investor compensation scheme. Cryptoassets are not safeguarded or insured, and clients bear the full risk of loss.

 

Cryptoasset services are not regulated by the UK Financial Conduct Authority (FCA). Clients will have no recourse to the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS).

 

Cryptoassets are volatile investment instruments that carry a high degree of risk. The value of cryptoassets can go down as well as up, and you may lose the entire amount invested. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. If necessary, seek independent financial advice.

 

GCEX’s products and services are intended for professional and institutional clients only and are not marketed to retail clients in the United Kingdom.

 

The information on this website is provided for information purposes only and does not constitute investment advice or a solicitation to buy or sell any financial instrument or virtual asset.

bottom of page