Advertisements The miner’s stock appears undervalued given the wide gap between the company’s valuation and its growth prospects, the report said. Bitdeer Technologies’ (BTDR) shares are appealing given the wide gap between the company’s discount valuation and its growth prospects, investment banking firm Benchmark said in a research report Thursday. Benchmark initiated coverage of theContinue reading “Bitcoin Miner Bitdeer Is ‘Differentiated’ From Peers, Shares Are Cheap: Benchmark”
Category Archives: Finance
Binance-Nigeria Brawl Continues as Country Asks Exchange to Submit List of Top 100 Users
Advertisements Nigeria is also demanding all transaction history spanning the past six months from Binance. Nigeria wants Binance to give information regarding its top 100 users in the country and all transaction history spanning the past six months, the Financial Times reported on Tuesday. The demand comes as Nigeria’s detention of Binance’s compliance head andContinue reading “Binance-Nigeria Brawl Continues as Country Asks Exchange to Submit List of Top 100 Users”
U.S. Govt. Study Concludes No NFT-Specific Legislation Needed Yet, Current Copyright Laws Adequate
Advertisements The study comes despite warnings about the risks associated with NFTs due to bad actors around correcting misinformation or misappropriation of trademarks. The current intellectual property laws are adequate to deal with concerns about copyright and trademark infringement associated with non-fungible tokens (NFTs), a 112-page long study by the United States Patent and TrademarkContinue reading “U.S. Govt. Study Concludes No NFT-Specific Legislation Needed Yet, Current Copyright Laws Adequate”
Ether Put Demand Signals Weakness After $4K Price Breakout
Advertisements By locking in the right to sell ETH at a specified price, options traders are preparing for short-term weakness after the cryptocurrency hit a two-year high. Ether (ETH) options traders are bracing for near-term price weakness a day after the cryptocurrency convincingly rose past $4,000 to the highest since late 2021. Ether’s one-month call-putContinue reading “Ether Put Demand Signals Weakness After $4K Price Breakout”
DOGE, SHIB Rally Eases as Bitcoin Bullishness Remains ‘Elevated’
Advertisements Bitcoin ETF inflows could lead to a “sell-side” crisis in the coming months, one market observer said. Dogecoin (DOGE) and Shiba Inu (SHIB) gave back gains after a 25% rally last week, falling as much as 6%, as bitcoin (BTC) hovered above the $71,500 mark on Tuesday. Data shows that other major tokens etherContinue reading “DOGE, SHIB Rally Eases as Bitcoin Bullishness Remains ‘Elevated’”
Crypto Market Could Face Some Short-Term Headwinds, Coinbase Says
Advertisements Positive drivers such as spot ETF inflows are likely to meet some important macro and technical headwinds in the coming weeks, the report said. Despite bitcoin (BTC) hitting a new all-time high, cryptocurrency markets are faced with some macro headwinds and negative technical factors in the short term, which may limit further gains, CoinbaseContinue reading “Crypto Market Could Face Some Short-Term Headwinds, Coinbase Says”
Indian Crypto Investment Platform Mudrex to Offer U.S. Bitcoin ETFs to Indian Investors
Advertisements Mudrex is a Y-Combinator-backed, California-headquartered entity with a subsidiary registered with the Intelligence Unit of India. Indian cryptocurrency investment platform Mudrex plans to offer U.S. spot bitcoin (BTC) exchange-traded funds (ETFs) to institutional and retail investors in India, CEO and co-founder Edul Patel said. “This is much more valuable to institutions, as this wasContinue reading “Indian Crypto Investment Platform Mudrex to Offer U.S. Bitcoin ETFs to Indian Investors”
U.S. Added 275K Jobs in February; Unemployment Rate Unexpectedly Rose to 3.9%
Advertisements So far in 2024, bitcoin’s concerns about the path of the economy or interest rates have taken a back seat to the overwhelming demand from the spot ETFs. The U.S. economy continues to show little sign of slowing down, with the government Friday morning reporting 275,000 jobs as having been added in February versusContinue reading “U.S. Added 275K Jobs in February; Unemployment Rate Unexpectedly Rose to 3.9%”
U.S. Will Appeal Do Kwon’s Extradition to South Korea: Report
Advertisements On Thursday, Kwon’s attorney Goran Rodic told CoinDesk via text that a Montenegro court had ruled to extradite him to South Korea. The U.S. will appeal the ruling of a Montenegro Court to hand Terraform Labs co-founder Do Kwon to South Korea, according to Bloomberg. On Thursday, Kwon’s attorney, Goran Rodic, told CoinDesk viaContinue reading “U.S. Will Appeal Do Kwon’s Extradition to South Korea: Report”
Digital Currency Group Files for Dismissal of New York Attorney General’s Lawsuit
Advertisements The crypto firm’s boss, Barry Silbert, also filed a motion to dismiss the Attorney General’s accusation that he concealed losses at the firms and so cheated customers and investors. Digital Currency Group (DCG), the owner of bankrupt cryptocurrency lending operation Genesis Global Capital, has filed a motion to dismiss New York Attorney General LetitiaContinue reading “Digital Currency Group Files for Dismissal of New York Attorney General’s Lawsuit”
Bitcoin Rally May Slow as Order-Book Imbalance Hints at Profit Taking
Advertisements The gap between liquidity on the ask and bid sides of the order book within 2% of the market price has widened to nearly five times is usual value, according to data tracked by Kaiko. Bitcoin’s (BTC) price rally may face temporary resistance as the climb to a record high seems to have spurredContinue reading “Bitcoin Rally May Slow as Order-Book Imbalance Hints at Profit Taking”
Michael Saylor’s MicroStrategy to Raise $600M to Buy More Bitcoin
Advertisements Taking advantage of a massive run-up in the stock, the company is looking to add to its 193,000 bitcoin stack. MicroStrategy (MSTR) Tuesday evening announced plans to raise $600 million by selling convertible debt in a private offering, with intentions of using the funds to buy acquire more bitcoin (BTC). Helmed by its founder,Continue reading “Michael Saylor’s MicroStrategy to Raise $600M to Buy More Bitcoin”
Crypto Lender Nexo Secures First Regulatory Victory in Dubai
Advertisements Receiving a full license involves three stages: an initial provisional permit, a preparatory license, and an operating license. Nexo, a company offering digital asset services, has won initial approval as a licensed entity in Dubai from the region’s Virtual Assets Regulatory Authority (VARA), it announced Tuesday. Receiving a full license involves three stages: anContinue reading “Crypto Lender Nexo Secures First Regulatory Victory in Dubai”
Insights into Vietnam’s Stock Market Trends and Opportunities
One of the sectors that stands out is Banking, which is expected to perform well from the beginning of 2024.
Shiba Inu Rings Greed Alarm as Bitcoin Eyes Record High
Advertisements Open interest in SHIB futures has crossed above $100 million, hinting at speculative froth. Speculative excess is building in the crypto market, suggesting caution to bitcoin (BTC) bulls as the leading cryptocurrency by market value looks to challenge record highs. The notional open interest or the dollar value locked in the active perpetual futuresContinue reading “Shiba Inu Rings Greed Alarm as Bitcoin Eyes Record High”