Standard Chartered forecasts ‘surprise’ Bitcoin downside after FTX collapse

The value of Bitcoin (BTC) is being touted to drop as low as $5,000 in 2023 according to Standard’s Chartered global research head and chief strategist. As initially reported by Bloomberg, a note to investors published on Dec. 4 from the multinational bank’s chief strategist Eric Robertsen weighed-up a potential drop in Bitcoin’s value correlated […]

Bitcoin's $100K price target returns as BTC price breaks out of bull pennant

Bitcoin (BTC) looks poised to pursue a run-up towards $100,000 as its price breaks out of a classic bullish structure. Dubbed as Bull Pennant, the setup represents a price consolidation period with converging trendlines that form after a strong move higher. It ultimately prompts the price to break out in the direction of its previous […]

UK-based banking firm Standard Chartered joins Global Digital Finance patron board

Standard Chartered, a United Kingdom-based multinational banking firm, has joined an alliance of fintech companies and banks aimed at accelerating the adoption of best practices of cryptocurrencies. In a Wednesday announcement, Standard Chartered said it would be joining crypto and digital finance industry membership body Global Digital Finance, or GDF, Patron Board. As a member, […]

Standard Chartered plans European crypto exchange after HSBC says 'no' to industry

United Kingdom based multinational banking and financial services company Standard Chartered (StanChart) is launching a cryptocurrency exchange, reports say. According to Reuters on June 2, StanChart has partnered with Hong Kong exchange owner BC Technology Group to launch a platform for the U.K. and European institutional market. Standard Chartered: Crypto is “here to stay” The […]