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DBS Bank to launch a retail crypto trading desk by year’s end, CEO says

DBS Bank machines in one of its branches

The bank launched an institutional crypto trading desk in early 2021 after a regulatory nod from the Monetary Authority of Singapore (MAS).

DBS, a banking and financial services giant headquartered in Singapore, has plans for a crypto trading desk that will target retail investors, the bank’s chief executive officer Piyush Gupta said on Monday.

Gupta revealed the plans during an earnings call following the bank’s fourth-quarter report released on Monday.

According to an excerpt of the call cited by news publication CoinDesk, much more needs to be done before the trading desk rolls out. However, the DBS chief believes the financial services provider will be all systems go by the end of the year.

“We are starting the initial work to expand it beyond the current investor base,” Gupta said.

At the moment, the Singaporean banking giant is looking to expand its current infrastructure to offer the new service to customers beyond its existing base of accredited investors, the CEO added.

Most of the work on the trading desk, Gupta noted, relates to compliance and usability.

Aspects of the desk to do with user-friendliness and integration with crypto-assets should be done in the next several months, with targets for accessibility put around June of 2022.

DBS received a regulatory go-ahead from the Monetary Authority of Singapore (MAS) last year to offer crypto trading services and has emerged as one of the major banking institutions around the world looking to lean into crypto to satisfy customer demand.

Plans for a retail crypto trading desk comes after the bank’s successful unveiling of an institutional-based crypto trading desk.

The post DBS Bank to launch a retail crypto trading desk by year’s end, CEO says appeared first on Coin Journal.

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Anchor Protocol (ANC) Price jumped 9%: This is where to buy it

Anchor Protocol represented by a number of golden coins on a brown table

The live Anchor Protocol (ANC) price today is just below $2 with a 24-hour trading volume of almost $66 million. Anchor Protocol is up 9.37% in the last 24 hours.

Look no farther than this short guide for the details around the protocol, if it’s worth buying, and where to buy Anchor Protocol if you choose.

Top places to buy ANC now

KuCoin

KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.

Buy ANC with KuCoin today

What is Anchor Protocol?

It is a lending and borrowing protocol on the Terra blockchain. It uses an over-collateralized architecture to allow users to lend, borrow and earn interest with their digital assets.

It enables fast withdrawals and pays depositors a low-volatility interest rate, which is amongst the highest among stablecoins at 19.5%. It makes deposits available to borrowers who pledge liquid-staked PoS assets as security.

It uses a liquidation process to ensure protection of depositors’ principal. Deposits are secure as long as any obligations secured by them are over-collateralized.

The Anchor liquidation protocol’s goal is to keep deposits safe by paying off debts that are in danger of failing to meet collateral requirements.

Should I buy ANC today?

Anchor Protocol can be profitable. Still, take the time to read at least several price predictions and take all investment advice with a grain of salt.

ANC price prediction

Gov Capital is bearish on Anchor. They predict its price will drop from $1.95 at the moment to $0.152 in one year. Wallet Investor also considers it a poor investment.

Price Prediction, on the other hand, is bullish. They forecast a minimum level of $3.72 in 2023 and of $5.36 in 2024. It can go up to $6.31 that year with the average trading price of $5.51. In 2025, the price of 1 ANC is expected to reach at least $7.66.

Anchor Protocol on social media

The post Anchor Protocol (ANC) Price jumped 9%: This is where to buy it appeared first on Coin Journal.

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MetisDAO (METIS) Price gained 14% here’s where to buy it

MetisDao (Metis) logo, Dao next to a coin both in gold

MetisDAO (Metis) bills itself as a protocol solving Ethereum’s six biggest challenges or the S6: speed, security, simplicity, storage, security, and scalability.

If you want to know the details around MetisDAO, if it would make a valuable investment, and the top places to buy it today, you’ve come to the right place.

Top places to buy MetisDAO now

As METIS is such a new asset, it’s yet to be listed on major exchanges. You can still purchase METIS using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy METIS right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for METIS

Now that you’re connected, you’ll be able to swap for 100s of coins including METIS.

What is MetisDAO?

The protocol is developing Metis Rollup, an easy-to-use, highly scalable, low-cost, and fully functional Layer 2 framework to fully support the application and business migration from Web 2.0 to Web 3.0.

Its scalable protocol supports a wide range of use cases, including NFT platforms, decentralized Reddit-like social platforms, open-source developer communities, influencer communities, gaming communities, freelancer communities, DEX trading, and much more.

Metis integrates the Decentralized Autonomous Company (DAC) framework within its Layer 2 infrastructure, a differentiating factor that makes it easy for any developers and community leaders to build their applications and communities.

Metis’ goal is to make building dApps and DACs on its platform easy. Even total blockchain novices can make it happen in a matter of minutes.

Should I buy METIS today?

MetisDAO can be a lucrative investment, but you shouldn’t spend more on it than you can afford to lose because it can reverse its gains just as easily.

METIS price prediction

Digital Coin Price predicts MetisDAO will reach $170.63 by the end of the year and hit $190.44 in 2023. In 2024, 1 METIS will be worth $226.86 and $265 the following year.

In 2026, 1 METIS will trade for $244.59 and for $343 the next year. In 2028, it will go up all the way to $455. In 2029, it will change hands for $522.66.

MetisDAO on social media

The post MetisDAO (METIS) Price gained 14% here’s where to buy it appeared first on Coin Journal.

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Ontology Gas is surging, up 30% today: here’s where to buy ONG

The live Ontology Gas price today is $0.86 with a 24-hour trading volume of $632.7 million. Ontology Gas is up 30.47% in the last 24 hours. If you are attracted to unique features and want to learn how and where to buy ONG, this guide is for you.

Top places to buy ONG now

As ONG is such a new asset, it’s yet to be listed on major exchanges. You can still purchase ONG using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy ONG right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for ONG

Now that you’re connected, you’ll be able to swap for 100s of coins including ONG.

What is ONG?

Ontology is a high performance, open source blockchain specializing in digital identity and data. Ontology’s infrastructure supports robust cross-chain collaboration and Layer 2 scalability, offering businesses the flexibility to design a blockchain that suits their needs.

With a suite of decentralized identity and data sharing protocols to enhance speed, security, and trust, Ontology’s features include ONT ID, a mobile digital ID application and DID used throughout the ecosystem, and DDXF, a decentralized data exchange, and collaboration framework.

Ontology adopts a dual-token model, with both ONT and ONG as utility tokens. Ontology decouples ONT and ONG to alleviate the risk of turbulent fluctuations of the native “asset” value on the gas fee.

Should I buy ONG today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.

ONG price prediction

Price Prediction is bullish on ONG. By the end of the year, they predict it will break $1, going up to $1.05. In 2023, 1 ONG will trade for at least $1.29 and for at least $1.93 the following year.

In 2025, the price of 1 ONG will be at least $2.87.

ONG on social media

The post Ontology Gas is surging, up 30% today: here’s where to buy ONG appeared first on Coin Journal.

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Uniswap could return to $16 even as selling pressure continues to build

Uniswap (UNI) ended the week sharply lower after less than impressive CPI data from the US. But despite this selling pressure, the outlook on the token is bullish, at least in the near term. Analysis to follow below, but here are some highlights:

  • At press time, the coin was trading at $10.55, down by around 9% in 24 hours

  • Uniswap (UNI) also saw some bear pressure at the end of the trading week Friday.

  • But there is still a chance the coin could easily bounce back to $16 in the coming few days.

Data Source: Tradingview

Uniswap (UNI) – Price prediction and analysis

As Friday trading was closing in, it was clear that UNI was on the edge. The coin was trying to find sufficient demand around the $11 mark. However, this did not happen. Although $11 proved to be a strong support zone, UNI fell below that. 

At press time, the coin was trading at around $10.55. However, it seems that UNI has stopped the bleeding. It is retesting the $11 mark, and we expect it to rise above that soon. The big challenge now will be to see if there is enough demand at the $11 support zone. 

Based on the trends in the market and indicators on the chart, it is likely that the coin will rise sharply from $11. We expect it to bounce back to $16 or thereabout.

Should you invest in Uniswap?

Uniswap (UNI) is the biggest decentralised exchange on the Ethereum chain. It may not be one of the biggest tokens in the market, but it has attracted a lot of investors. If you are looking for a proven asset with a consistent history of delivering returns, then UNI is perfect. Also, there is an opportunity for a short-term play here for bulls who want to ride the uptrend toward $16.

The post Uniswap could return to $16 even as selling pressure continues to build appeared first on Coin Journal.