Benker Becomes Europe’s First Neo Bank to Adopt Blockchain
While BENKER, Europe’s first blockchain-based bank, was founded today, YouTube said that it would assist artists in using new technologies such as non-fungible currencies (NFTs). Following two days of gains, major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) slumped on Thursday. After two consecutive days of gains, the global cryptocurrency market value fell 2.45% to $1.62 trillion. However, cryptocurrency trading volume increased by 22.62 percent to $103.97 billion. This might signal that investors are liquidating their previous profits.
While the world’s oldest cryptocurrency, Bitcoin, has stayed relatively stable over the last two days, it fell 2.36 percent today to $36,133.98 amid growing volatility, according to Coinmarketcap statistics at 8.45 a.m. “Bitcoin’s relief rally was brief, as it retraced from about $39,000 to around $37,000 after the publication of a statement by the US Federal Reserve addressing the decrease of the size of its balance sheet. Bitcoin has rallied from severely oversold levels over the last two days, indicating a scenario in which buyers resume their purchases after a dramatic sell-off” Gaurav Dahake, CEO and creator of Bitbns, explains. Ethereum, the second biggest cryptocurrency by market capitalization, fell 2.32 percent to $2,399.88. Its volume to market capitalization ratio has increased to 0.07615. Cardano (ADA) was down 0.27 percent to $1.04, among other major currencies. Algorand (ALGO), dubbed the Ethereum killer, was down 2.98 percent to $0.8939, bringing its market capitalization to $5,856,194,660.
Binance Coin (BNB) lost 3.37 percent to $365.82, Solana (SOL) fell 4.94 percent to $88.28, and Polkadot (DOT) dropped 6.16 percent to $17.52. CryptoSword (SWD) is the day’s biggest gainer, up 408.06 percent to $0.1306. Mercenary (MGOLD) was the biggest loss, down 100% to $0.00001881. Dogecoin (DOGE) was trading at $0.1414, down 2.16 percent. Its volume-to-market capitalization ratio is 0.0644. Shiba Inu (SHIB) likewise fell 3.37 percent to $0.00002044. Dogelon Mars (ELON) gained 6.86 percent to $0.0000008411, Floki Inu (FLOKI) gained 1.96 percent to $0.00004059, and Samoyed Coin (SAMO) gained 8.12 percent to $0.01915.YFI (yearn.finance) was down 3.47 percent to $23,606.06 in the DeFi category.
Terra (LUNA) fell 7.6% to $56.71, Avalanche (AVAX) fell 7.96% to $62.94, Uniswap (UNI) fell 5.16 percent to $10.13, and Aave (AAVE) down 6.78% to $141.74. BENKER, Europe’s first blockchain-based neo bank, began operations today. BENKER was licensed by the Bank of Lithuania earlier this month to operate as an electronic money institution. The activities were launched on the NATRIX hybrid blockchain, which was built with the financial industry in mind.
According to Fintechbaltic.com, Viktor Bodnár, CEO of BENKER, “By receiving our Electronic Money Institutional license, we can now significantly reduce a client’s risk exposure to financial market players. BENKER will fundamentally alter the way electronic banking is conducted.” Susan Wojcicki, CEO of YouTube, detailed in an open letter published on January 25 on the company’s official site all of the platform’s accomplishments in 2021 and what it expects to accomplish in 2022. One of their aims for 2022 is to assist artists and developers in using upcoming technologies such as NFT and others to improve the YouTube experience for viewers.