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Crypto News

Robinhood Revealed as Third-Largest Bitcoin Holder with $3 Billion Holdings

Robinhood, a prominent trading and investment platform, has emerged as the third-largest holder of Bitcoin, possessing around $3 billion worth of BTC assets. This confirmation, backed by data from Arkham Intelligence, positions Robinhood after Binance and Bitfinex, with $6.4 billion and $4.3 billion in Bitcoin respectively. The company discreetly accumulated 118,300 Bitcoins over three months, managed by Jump Trading. Despite a decrease in crypto trading earnings, Robinhood's substantial Bitcoin accumulation highlights a potential strategic shift in the face of market volatility and regulatory considerations.

cryptopolitan - 1091 ngày trước

Binance Adopts Polish Channel to Reconnect with Belgian Users

Global crypto exchange Binance has overcome regulatory issues in Belgium by rerouting its services through Binance Poland sp. z o.o. This move allows Binance to serve Belgian users while complying with local regulations. Belgian customers can continue using Binance's platform, following terms set by Binance Poland. The shift aligns with Binance's compliance-focused strategy amid tightening European crypto oversight. The company had to exit countries like Germany, the Netherlands, and Cyprus. Binance's presence remains in crucial European markets like Italy, Spain, Poland, Sweden, Lithuania, and France, emphasizing compliance and alignment with evolving regulations.

Crypto Briefing - 1091 ngày trước

$10 Trillion Asset Manager BlackRock Dominates Ownership in Four of Top Five Bitcoin Mining Companies

Global investment powerhouse BlackRock is strategically venturing into the Bitcoin mining sector. The company has emerged as the second-largest stakeholder in four of the top five Bitcoin miners by marketcap. As the Bitcoin mining industry grapples with rising difficulty and costs, smaller miners face profitability hurdles. This adversity, however, presents an opportunity for well-capitalized firms like BlackRock. Recent data reveals that BlackRock Fund Advisors significantly increased their holdings in major US-based mining firms, including Riot Platforms, Marathon Digital Holdings, Cipher Mining, and Terawulf. The move signifies BlackRock's interest in the crypto mining landscape.

Finbold - 1091 ngày trước

Bitcoin Whale Awakens: 1,177.89 BTC Worth Over $30 Million Moved from Dormant Addresses

In a surprising turn of events, a 'sleeping bitcoin' whale from 2017 has reemerged, transferring 1,177.89 BTC worth over $30 million from seven dormant addresses. These addresses had remained untouched for six years before becoming active during block heights 805,096 and 805,100. The transactions were flagged by Btcparser.com, revealing a pattern of 200 BTC transfers among several addresses. Despite vulnerabilities in privacy, the owner's decision to distribute the BTC among 17 addresses remains shrouded in mystery. The value surge from the original $3.38 million to $30.71 million highlights the crypto's growth since 2017.

Bitcoin News - 1091 ngày trước

India's PM Narendra Modi Advocates International Collaboration for Cryptocurrency Governance at G20

Indian Prime Minister Narendra Modi, leading the G20 summit, urges collaboration among nations for a unified framework to regulate cryptocurrencies. Modi emphasizes the global impact of emerging technologies like blockchain and cryptocurrency, comparing their regulation to universally accepted rules in the aviation sector. India's G20 presidency extends the crypto conversation beyond financial stability, encompassing macroeconomic implications, especially for emerging markets. India aligns its crypto framework suggestions with international bodies like the Financial Stability Board and the IMF. Despite domestic regulatory challenges, India remains committed to fostering global crypto regulations.

cointelegraph - 1091 ngày trước

Web3 Anticipated as Key Driver of 'Breakthrough Growth,' Says Hong Kong Financial Secretary

Hong Kong's financial secretary, Paul Chan Mo-po, reaffirms his endorsement of blockchain technology as the catalyst for groundbreaking advancements in the digital tech sphere. In a recent blog post, he champions the potential of emerging Web3 sectors, such as NFTs, GameFi, and immersive entertainment, to drive the next wave of digital innovation. Chan's enthusiasm aligns with the allocation of $50 million to Cyberport, a tech hub fostering a robust Web3 ecosystem, emphasizing Hong Kong's bid to establish itself as a global digital asset center amid China's anti-crypto stance.

cointelegraph - 1092 ngày trước

Western Union Embraces Ripple's Blockchain Technology and XRP Token for Improved Financial Transactions

Global money transfer leader Western Union has made a bold move into the world of cryptocurrencies, revealing plans to integrate Ripple's blockchain tech and XRP token. This strategic shift, led by CEO Hikmet Ersek, showcases Western Union's commitment to innovation. The collaboration is part of the broader trend of financial institutions using Ripple's solutions to optimize cross-border payments, with XRP's utility as a bridge asset gaining investor interest. XRP's value has seen a notable surge, driven by positive news, partnerships, and growing demand, reminiscent of its 2018 peak.

Bitcoinist.com - 1093 ngày trước

Crypto Adoption Grows Stronger as Over 680,000 ETH Added to Liquid Staking in 28 Days

Despite recent cryptocurrency market fluctuations, liquid staking derivatives protocols have seen a surge in Ethereum (ETH) holdings. Leading platform Lido Finance's supply rose by 5.94%, adding 680,000 ETH within a month, reaching 8.38 million ETH from 7.91 million ETH since July 29. The total ether held in liquid staking surged from 10.65 million to 11.33 million, reflecting a 6.37% growth. Liquid staking is lauded for enabling immediate liquidity, simplified staking, and reduced risk. Despite potential de-pegging risks, this inclusive method captures 9.42% of the circulating 120.21 million ETH supply.

Bitcoin News - 1093 ngày trước

Binance's Lightning Network Node Jumps to 14th Largest, Showcasing Tremendous Growth

Chinese reporter Colin Wu highlights Binance's remarkable strides in Bitcoin Lightning Network involvement. Wu cited data from Amboss Space reveals Binance's Lightning nodes have surged, expanding public channels from 7 to 33, with capacity growing from 36 BTC to 77.73 BTC. This elevates Binance to the 14th largest node by capacity, amidst the network's 4,859.37 BTC total capacity. Binance's active engagement in the Lightning Network emphasizes its commitment to enhancing Bitcoin transaction scalability. The data showcases Binance's impressive 69% capacity increase, strengthening its crypto standing and fostering wider adoption of the innovative technology.

Coin Edition - 1093 ngày trước

Bitcoin's Tough Phase Nearing End, JPMorgan Analyst Observes

An analyst from JPMorgan, Nikolaos Panigirtzoglou, believes that the recent decline in Bitcoin's price has reached its final stages, citing the completion of unwinding long positions. He predicts limited downside for the crypto market in the short term. Panigirtzoglou attributes the weakening of Bitcoin to liquidation of long positions and fading positive news, though he notes favorable developments like PayPal's stablecoin and Coinbase's "Base" launch. Regulatory uncertainty, including the SEC's appeal in Ripple's case, and concerns about Fed Chair Powell's stance on rates contribute to investor caution.

CoinJournal - 1093 ngày trước

Charles Hoskinson: Cardano Poised to Triumph as World's Most Significant Cryptocurrency

"Cardano Aims to Challenge Crypto Leaders Bitcoin and Ethereum with On-Chain Governance Approach," says Founder. Cardano's founder, Charles Hoskinson, emphasizes the platform's commitment to on-chain governance, involving the community in decentralized decision-making. He believes Cardano's innovative approach can make it the world's biggest cryptocurrency, fostering trust and a new digital society. Hoskinson criticizes Bitcoin's static design and Ethereum's dismissal of on-chain governance, highlighting the need for evolving models as crypto platforms grow. He envisions Cardano as a backbone for a trustworthy digital nation, acknowledging regulatory and technical hurdles on the path to leadership.

U.Today - 1094 ngày trước

Ethereum Demand Gains Momentum Despite Crypto Market Uncertainty, Fueled by Staking

Despite recent crypto market turbulence, Ethereum displays resilience and heightened demand. The introduction of the Shanghai-Capella fork in April has boosted ETH demand, contrary to concerns. On-chain metrics show a 5.7% month-over-month rise in Total Value Staked, increasing from 26.3 million to 27.8 million ether. Experts interpret this as a positive sentiment indicator and a strategic grasp of ETH's intrinsic value. The Exchange Supply Ratio hits a five-year low, indicating growing confidence in ETH's potential. Ether's value, although affected by market shifts, is considered undervalued. Increased staking and decreased exchange holdings illustrate long-term conviction in Ethereum.

Blockworks - 1095 ngày trước

Bitcoin Projected to Soar to $148k in 2024 Post-Halving, Pantera Analysis Suggests

Bitcoin's historic 15-month stretch of negative year-over-year returns (Feb. 2022 - June 2023) hasn't dampened optimism. Pantera Capital highlights favorable events such as the XRP ruling, endorsements from BlackRock, and the impending Bitcoin Halving in April 2024. The halving will cut mining rewards from 6.25 to 3.125 BTC per block, historically driving demand and price surges. Pantera's model predicts a rally in early 2024, followed by a strong surge post-halving. Despite current market fluctuations, Bitcoin's potential to reach $148,000 post-halving maintains positive market sentiment.

CryptoSlate - 1095 ngày trước

Strong Bitcoin Interest Persists as Whales and Sharks Amass $300 Million Since Mid-August

Despite recent cryptocurrency market fluctuations, staunch Bitcoin investors holding substantial amounts remain resolute. Santiment's data reveals that whales and sharks, with holdings ranging from 10 to 10,000 BTC, have procured 11,629 BTC collectively since August 17. Notably, this accumulation trend encompasses both bearish periods and price rallies. The surge in acquisitions aligns with BlackRock's bid to launch a spot Bitcoin ETF in the US. This robust appetite for Bitcoin from significant players underscores confidence in its long-term potential, as exemplified by the strategic buying patterns amidst market retracements.

CryptoPotato - 1095 ngày trước

Ripple's Legal Victory Against SEC Seen as a Positive Black Swan, Pantera Capital CEO Says

In a significant development, Ripple Labs has triumphed over the US SEC's lawsuit, marking a turning point for the cryptocurrency sector. The ruling challenges the SEC's claim that XRP tokens were unauthorized securities. Ripple's win sets a legal precedent distinguishing certain XRP sales as non-securities. Pantera Capital's CEO Dan Morehead sees this as a welcome surprise akin to a "positive black swan." Regulatory clarity emerges as an unexpected boon for the crypto market, offering potential benefits to investors and developers. Nonetheless, the crypto market's inherent volatility remains a factor to consider.

BeInCrypto - 1096 ngày trước

South Korean Gen Z Favors XRP and Altcoins Over BTC and ETH, According to Report

South Korean Gen Z investors exhibit a stronger interest in altcoins, particularly Ripple's XRP, compared to Bitcoin and Ethereum, as per News1 Korea's analysis of Bithumb's investment data. This young age group, known for their aggressive investment tendencies, shows a notable 82.5% preference for altcoins, with XRP being the top choice for 20.7% of them. Meanwhile, investors in their thirties lean more towards BTC and ETH. Gen Z also dominates crypto copy trading, while Ripple faces US regulatory challenges. South Korea tightens crypto regulations with plans to seize assets from tax-evading users.

cointelegraph - 1096 ngày trước

Citi Report: 74% of Companies Engage with DLT and Digital Assets in 2023

Citi's survey reveals growing interest in digital assets and distributed ledger technology (DLT), with 74% of firms exploring these areas in 2023, up from 47% in 2022. The report highlights billions of dollars managed on DLT across major financial institutions and notes challenges lie more in people and processes than the technology itself. While Asia and Latin America focus on broadening access, Europe adopts a regulatory approach and North America sees significant returns from tokenization. Regulatory uncertainty remains a concern, yet DLT's growth outpaces crypto due to past challenges.

Blockworks - 1096 ngày trước

XRP Ledger Achieves 82 Millionth Ledger Milestone in Rapid Progress

XRP Ledger (XRPL) achieves a major feat, closing its 82 millionth ledger, with an index of 82,035,421. The recent closure, following the 81 millionth last month, highlights XRPL's rapid progress, adding a million ledgers in just over a month. XRP Ledger, established in June 2012, celebrated its 11th anniversary this June. The platform now boasts 4,753,489 XRP accounts, including 1,082 with zero XRP and the rest holding a total of 58,482,221,185 XRP. This success underscores XRPL's ongoing growth and prominence in the crypto landscape.

U.Today - 1096 ngày trước

Shopify Embraces Solana Pay Integration, Empowering Businesses with Crypto Payment Options at Zero Cost

Solana Pay, the decentralized payment protocol on Solana blockchain, has teamed up with Shopify, offering businesses on the platform the ability to accept cryptocurrency payments through Solana Pay without transaction fees until 2024. This integration utilizes USDC, a stablecoin tied to the US dollar, providing stability and regulatory oversight. The partnership could grant over 11 million Solana users access to Shopify's 10% share of US e-commerce. Solana Pay's goal of reducing business transaction costs aligns with the growing interest in decentralized payment platforms.

CryptoSlate - 1096 ngày trước

Bitcoin Mining Difficulty Hits 55 Trillion Hashes, Setting a New Benchmark

Bitcoin's mining difficulty has surged by 6.17% to a record-breaking 55.62 trillion hashes on August 22, as the network's hashrate continues to climb. While some view this as a concerning trend, it's important to understand its positive implications for Bitcoin. The protocol feature, created by Satoshi Nakamoto, maintains a 10-minute block discovery interval, enhancing network security. Despite challenges in mining profitability due to increased costs, Bitcoin's robust hashrate of 446.6 EH-s showcases its resilience. Although some smaller miners may struggle, larger ones with effective strategies and access to resources remain relatively unaffected.

Finbold - 1096 ngày trước

Barstool Sports Founder, Dave Portnoy, Strongly Considering Bitcoin Integration in Company's Finances

Dave Portnoy, founder of Barstool Sports, expresses interest in incorporating Bitcoin into the company's finances. Portnoy, who regained ownership of Barstool after a complex financial saga, discusses his prior attempts to persuade the CEO of Penn Entertainment, Barstool's former owner, to integrate Bitcoin. He sees potential for the cryptocurrency on Barstool's balance sheet, following his decision to break free from Penn's regulatory constraints. Despite past controversies involving other cryptocurrencies like SafeMoon, Portnoy remains optimistic about Bitcoin's role in Barstool's future operations.

BeInCrypto - 1097 ngày trước

Bitcoin Income Preferred by Miami Mayor Francis Suarez for Potential Presidential Role

Miami Mayor and U.S. Presidential candidate Francis Suarez has expressed his willingness to accept Bitcoin as part of his salary if elected. In an interview, Suarez noted he already receives his current salary in Bitcoin as Mayor and believes in the potential of cryptocurrencies like Bitcoin to ensure financial freedom and counterbalance a chaotic monetary system. He contrasted his position with that of his competitor, Florida Governor Ron DeSantis, stating that merely opposing Central Bank Digital Currencies (CBDCs) is insufficient. Suarez emphasized the importance of proactive engagement with cryptocurrency support and innovation.

benzinga - 1097 ngày trước

Tether Teams Up with Lugano to Boost Blockchain Ecosystem

Stablecoin issuer Tether has joined forces with Swiss city Lugano to strengthen its blockchain infrastructure. Tether will manage a validator node for Lugano's 3Achain, the official blockchain behind its native stablecoin LVGA. This partnership aims to expand Lugano's blockchain capabilities, essential for local businesses and its digital currency. Both parties are part of the Plan ₿ initiative, pushing blockchain adoption, with the goal of transforming Lugano into a prominent bitcoin and blockchain hub. This collaboration reflects ongoing efforts to integrate blockchain into the city's financial landscape, from small transactions to tax payments.

CryptoSlate - 1097 ngày trước

Dubai Grants Crypto License To Komainu, A Joint Initiative Involving Nomura, CoinShares, and Ledger

Komainu, a joint venture involving Nomura, CoinShares, and Ledger, has obtained a full operating license from Dubai's Virtual Asset Regulatory Authority (VARA), marking a significant step in the crypto sector. The UAE's pro-crypto stance, backed by grants and regulations, fosters innovation. Komainu's regulatory status is seen as pivotal for business growth. The company, regulated by Jersey's financial authority, can now provide custody services and institutional staking in Dubai. The city's decision to subsidize licenses for AI and Web3 firms adds to its efforts to attract global talent and diverse investors.

cointelegraph - 1098 ngày trước

Unknown Bitcoin Giant Accumulates $3.08B Worth of BTC in Under 3 Months, Ranks Third Worldwide

An unidentified entity has swiftly amassed over $3 billion in Bitcoin (BTC), propelling it to become the world's third-largest BTC address. This accumulation began in mid-May and by late June, the address became the top Bitcoin holder not associated with a crypto exchange. With its holdings now totaling 118,300 BTC valued at $3,089,466,557, the entity's address ranks just after Binance and Bitfinex's cold wallets. Analysts speculate the possibility of it being a crypto exchange rearranging its BTC reserves. Despite recent market downturns, Bitcoin whales continue to remain active.

The Daily Hodl - 1098 ngày trước

Genesis Digital Assets Opens Renewable-Powered Bitcoin Mining Facility in Sweden

Genesis Digital Assets Limited (GDA) has established a hydro-powered Bitcoin mining data center in northern Sweden, benefiting from the country's renewable energy surplus. The facility, near the Porjus Hydroelectric Power Station, is powered by abundant hydroelectric energy. With an 8 MW capacity and about 1,900 Bitcoin mining machines, it's expected to generate a hash rate of approximately 155 PH-s. This expansion aligns with the trend of utilizing untapped renewable energy sources for cost-effective Bitcoin mining. Sweden's favorable energy landscape and pro-innovation atmosphere make it an attractive mining location for GDA.

cointelegraph - 1098 ngày trước

$2 Billion Investment Manager Empowered Funds Submits Bitcoin Futures ETF Application

Empowered Funds, a subsidiary of Alpha Architech's EA Advisors, has applied to list three Bitcoin Futures Exchange Traded Fund (ETF) products. The unique ETF will draw on strategies from Ark Invest and 21Shares. Empowered Funds will be the primary adviser, with 21Shares and Ark Invest as sub-advisers. The main product, Ark 21Shares Active On-Chain Bitcoin Strategy ETF, will allocate up to 25% to digital assets and blockchain strategy ETF trading. The proposed ETF offers various strategies based on market conditions, catering to institutional investors in the crypto ecosystem with regulatory oversight.

U.Today - 1099 ngày trước

Oman Launches $350 Million Crypto Mining Facility in Salalah Free Zone

Oman's Ministry of Transport, Communications, and Information Technology (MTCIT) has inaugurated a new cryptocurrency mining and data hosting facility valued at RO 135 million ($350 million) in the Salalah Free Zone. This marks the country's second significant crypto mining center, following one announced in November 2022, totaling a combined investment of $740 million. Operated by Exahertz International, the project aims to boost Oman's digital economy, create jobs, and position the nation as a global data hosting and mining hub. The facility currently operates over 2,000 machines, with plans to expand to 15,000 devices by October.

CryptoPotato - 1099 ngày trước

Silent for 8 Years, Pre-Mined Ethereum Investor Stirs Awake

Whale Alert, a leading blockchain tracker, has revealed the revival of an inactive pre-mined Ethereum address after 8.1 years, igniting curiosity in the crypto community. The address, housing 191 Ethereum tokens worth $317,724, has resurfaced, echoing a similar event three weeks ago. A silent Ethereum ICO participant also transferred 641 ETH, valued at $1.07 million, after an eight-year hiatus. Amid divided opinions, experts suggest the reawakenings might signal a bearish market trend, supported by historical data. As the awakened whale influences the market, anticipations rise for potential fluctuations and their implications on crypto dynamics.

U.Today - 1099 ngày trước

CoinGecko Report: Mining 1 BTC 783x Cheaper in Lebanon Than Italy

A recent CoinGecko report highlights a substantial discrepancy in household electricity expenses among individual Bitcoin miners across the globe. While Italy incurs a staggering $208,560 to produce a single Bitcoin, Lebanon stands out as a crypto miner's haven, with costs approximately 783 times lower. The report indicates that only 65 countries yield profit for solo Bitcoin miners based on household electricity costs, with Asia dominating the list. The report's findings challenge the notion of high electricity costs, suggesting that crypto mining can be economically viable in certain regions.

cointelegraph - 1100 ngày trước

XRP's Classification as Non-Security Affirmed by US SEC in Latest Filing

The United States Securities and Exchange Commission (SEC) has publicly acknowledged the nonsecurity status of digital assets like XRP while appealing the Ripple victory ruling. The SEC's motion stated that these assets have no inherent value beyond computer code. This acknowledgment has sparked excitement within the crypto community, especially among XRP supporters, who attribute it to their strong legal efforts. In a parallel move, the SEC requested an interlocutory appeal after a favorable decision by Judge Analisa Torres. Ripple's response to the SEC's motion is due by September 1.

Coin Edition - 1100 ngày trước

Taiwan Aims to Enhance Crypto Sector Accountability with New Business Category for Industry Associations

Taiwan's Ministry of Economic Affairs has put forth a proposal to create a new business category in regulations, potentially allowing cryptocurrency companies to establish industry associations. The move aims to encourage the development of self-regulatory guidelines within the sector. The proposed category covers various crypto operations such as exchanging digital assets for fiat or other tokens, facilitating transfers, storage, management, and issuance-related assistance. Public input is being sought, with the amendment expected to finalize in October. This step allows crypto firms to shape their own supervisory rules, bolstering the industry's legitimacy and compliance efforts.

theblock - 1101 ngày trước

Dubai Aims to Attract Global Talent and Investment with Subsidized Licenses for Web3 and AI Companies

The Dubai International Financial Centre (DIFC) has introduced special commercial licenses for Web3 and AI companies, providing 90% cost subsidy to aid their initial setup. The licenses grant access to physical spaces in the Innovation One building. Over 25,000 professionals from 2,000 registered companies operate within DIFC, a significant financial center for the Middle East, South Asia, and Africa. The move aims to bolster Dubai's Web3 and AI leadership. Exclusive to specific tech fields, the initiative seeks to attract global talent and investments, fostering collaboration and innovation.

Bitcoin News - 1101 ngày trước

Kenya's Financial Reporting Centre Calls for Public Engagement in Survey on Virtual Assets

Kenya's Financial Reporting Centre (FRC) urges participation in a public survey concerning virtual assets and service providers to shape the nation's crypto policy. The FRC acknowledges the potential of the crypto ecosystem to enhance financial innovation but also warns of risks like money laundering. The survey aims to gather insights on the crypto market's impact and challenges, emphasizing the importance of public feedback in fostering a secure and transparent financial system. Responses are welcome until September 8, 2023, via a six-page online form provided by the FRC.

Bitcoin News - 1101 ngày trước

Crypto Giant Grayscale's ETF Division Hiring as Crypto Markets Await SEC Verdict

Prominent U.S. crypto asset manager Grayscale has hinted at expanding its ETF team, signaling optimism regarding its pending Bitcoin ETF application. This move follows a broader industry discussion over the U.S. SEC's stance on Bitcoin ETFs. Grayscale's battle with the SEC centers on approving a leveraged Bitcoin futures ETF, challenging the rejection of spot Bitcoin ETF proposals. The potential approval could reshape the crypto investment landscape, with Grayscale's readiness reflecting anticipation for the SEC's decision. Recent data shows Grayscale's Bitcoin Trust (GBTC) performing strongly, possibly influenced by other traditional institutions' ETF applications.

CryptoSlate - 1102 ngày trước

Bloomberg Report: U.S. Authorities to Sanction Ethereum Futures Exchange-Traded Funds

US regulators are set to approve Ethereum (ETH) futures Exchange-Traded Funds (ETFs), according to Bloomberg. Numerous companies have sought permission to list these ETFs, which will include derivative contracts linked to ETH, rather than the cryptocurrency itself. The potential approval from the US Securities and Exchange Commission (SEC) is eagerly anticipated. Currently, crypto derivative ETFs for Bitcoin futures are operational. The decision also raises expectations about the approval of ETFs directly holding Bitcoin, not just derivatives, with major financial players such as BlackRock vying to establish such offerings.

coindesk - 1102 ngày trước

Polygon Labs and SK Telecom Join Forces to Boost Web3 Innovations

Polygon Labs, the blockchain firm behind MATIC, has joined forces with South Korea's SK Telecom to advance Web3 ecosystems and nurture startups. The collaboration, sealed at SK Telecom's HQ in Seoul, focuses on integrating blockchain expertise and infrastructure to foster the Web3 ecosystem and support global startups entering South Korea. The partnership will enable Polygon-based NFTs on SK Telecom's TopPort marketplace and introduce a web3 wallet compatible with Polygon for NFT trading. The initiative aims to bring enhanced Web3 experiences to consumers while bolstering the blockchain startup landscape.

Watcher Guru - 1102 ngày trước

CME Group Unveils BTC and ETH Reference Rates Targeting Asian Investors

Derivatives marketplace CME Group partners with CF Benchmarks to launch Bitcoin and Ether reference rates tailored for the Asia Pacific region, catering to growing institutional interest in cryptocurrencies from Asia. These rates, aimed at more accurately reflecting prices during the Asia trading day, will be released daily at 4 pm Hong Kong time starting September 11. The move acknowledges the rising demand from institutions seeking precise BTC and ETH prices during APAC trading hours. This development aligns with increased crypto regulatory clarity in Hong Kong and Singapore, which have attracted institutions eyeing crypto-friendly jurisdictions.

cointelegraph - 1103 ngày trước

Bitcoin and Ethereum Exhibit Remarkable Stability Compared to Oil

Bitcoin and Ethereum, the top cryptocurrencies, are showing uncommonly low volatility, with BTC and ETH's 90-day volatility at 35% and 37% respectively, contrasting with oil's 41%. Despite Bitcoin's historical volatility, recent stability is noted, accompanied by dwindling trade volume, approaching a five-year low in 30-day volatility. This stability surpasses even traditional assets like S&P 500, tech stocks, and gold. Bollinger Bands, a key indicator, show minimal price fluctuations, suggesting a tranquil crypto market shift. In contrast, oil remains relatively stable due to China's economy concerns and U.S. supply expectations amidst global economic uncertainties.

U.Today - 1103 ngày trước

Renowned Financial Educator R. Kiyosaki Envisions $1 Million Bitcoin Amid Economic Turmoil

Renowned financial educator Robert Kiyosaki predicts that BRICS countries (Brazil, Russia, India, China, South Africa) will reject the US dollar in favor of alternative assets like Bitcoin. Kiyosaki expresses his distrust in the US government and praises Bitcoin as a shared tool against government control. He anticipates Bitcoin hitting $100,000 and envisions it as a replacement for the US dollar if the global economy collapses. Kiyosaki's thoughts were shared on X (formerly Twitter), along with his preference for gold and silver as trustworthy assets. He reiterates his stance in an interview with Stansberry Research.

Finbold - 1104 ngày trước