Advertisements The haphazard price action caused over $200 million in liquidations of crypto-tracked futures, of which $150 million were longs, or bets, against higher prices. Bitcoin fell to as low as $50,700 late Wednesday, while ether dropped just under $2890 before reversing losses early Thursday. Some traders said the sell-offs were expected and not indicativeContinue reading “Bitcoin Back Over $51K, Crypto Market Recovers as Nvidia’s Earnings Rejuvenates AI-Tokens”
Category Archives: Finance
Starknet’s STRK Drops 53% Amid Token Issuance Criticism
Advertisements The tokens started trading at around $5 apiece, exchange data shows, but fell ahead of significant token unlocks planned in the months ahead. Starknet’s STRK tokens lost half their value after going live for trading on Tuesday as the team faces ongoing criticism around a 2022 token generation event. Data shows that STRK hasContinue reading “Starknet’s STRK Drops 53% Amid Token Issuance Criticism”
Swiss Crypto Hedge Fund Tyr Capital Clashes With Client Over FTX Exposure: FT
Advertisements Tyr investor TGT has brought claims against the hedge fund that it ignored several warnings over its ties with the now-bankrupt crypto exchange FTX. TGT alleges that Tyr withdrew funds from FTX the day it went bankrupt despite receiving several warnings in the days prior. The fund also claims that Tyr ignored an internalContinue reading “Swiss Crypto Hedge Fund Tyr Capital Clashes With Client Over FTX Exposure: FT”
UK Minister Expects Stablecoin and Staking Legislation Within Six Months: Bloomberg
Advertisements Economic Secretary to the Treasury Bim Afolami has said the U.K. government was “pushing very hard” to bring legislation for stablecoins and staking services for crypto assets within six months. The U.K. government expects to see stablecoin and staking services legislation for the crypto sector within six months, according to Economic Secretary to theContinue reading “UK Minister Expects Stablecoin and Staking Legislation Within Six Months: Bloomberg”
Cryptocurrency in iGaming: Future Possibilities and Challenges
Its rise has not only disrupted traditional finance but has also started to make its mark on the iGaming industry.
Cathie Wood’s ARK Offloads $90M Coinbase Shares Amid Slew of Analyst Upgrades
Advertisements ARK sold Coinbase shares from ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF. ARK sold 499,149 shares of Coinbase from its three funds. The sale came after Coinbase beat its fourth-quarter earnings expectations, leading to a string of analyst upgrades. ARK Invest sold nearly half a million shares ofContinue reading “Cathie Wood’s ARK Offloads $90M Coinbase Shares Amid Slew of Analyst Upgrades”
Bitcoin Steady Over $52K;Traders Target $55K in Short-Term
Advertisements However, ether will likely capture more hype and mindshare in the coming months on a potential ETF listing, one analyst said. Bitcoin remained steady, while ether gained over 5% as investors bet on an ETH ETF in the coming months. AI-related tokens zoomed in as the launch of OpenAI’s Sora sparked renewed hopes forContinue reading “Bitcoin Steady Over $52K;Traders Target $55K in Short-Term”
5 Essential Factors to Consider When Applying for A Land Loan
Advertisements 5 Essential Factors to Consider When Applying for A Land Loan For many, buying vacant lands to build houses, cultivate farms, or use for other enterprises involves not only personal contributions but also something else known as a mortgage. Credit facilities for purchasing raw land with reasonable long-term loans and extended repayment terms areContinue reading “5 Essential Factors to Consider When Applying for A Land Loan”
Solana’s Second Phone Crosses 100,000 Presales, Securing $45M for Development
Advertisements Solana Mobile’s “chapter 2” smartphone could ship in early 2025. Solana is committing to building its second smartphone after reaching 100,000 preorders ($45 million in sales) in just over a month. The second phone, much like the first, will have custom features designed to integrate buying, selling, holding and using cryptocurrencies. It took nearlyContinue reading “Solana’s Second Phone Crosses 100,000 Presales, Securing $45M for Development”
ARK Invest Says Optimal Bitcoin Portfolio Allocation for 2023 Was 19.4%
Advertisements The optimum allocation is up from 0.5% in 2015 and 6.2% in 2022. Bitcoin (BTC) is an effective diversifier and counterbalance to traditional asset classes, and an optimal allocation in one’s investment portfolio is just under 20%, Cathie Wood’s ARK Invest wrote in its annual Big Ideas report for 2024. “Over the last sevenContinue reading “ARK Invest Says Optimal Bitcoin Portfolio Allocation for 2023 Was 19.4%”
NFTs Outpaced Ether’s Gains in January
Advertisements Ether prices are set to close the month just over 2% higher, while major NFT indexes have advanced almost 10%. Indexes tracking the prices of non-fungible tokens (NFTs) have risen almost 10% this month, outpacing ether (ETH), the cryptocurrency many are denominated in, which has gained just over 2%. Nansen’s NFT-500 index, which tracksContinue reading “NFTs Outpaced Ether’s Gains in January”
Sui Becomes a Top 10 DeFi Blockchain in Less Than a Year
Advertisements Developers on Sui are building products that people are using to address real-world challenges, according to Greg Siourounis, Sui’s managing director. Layer 1 blockchain Sui, created by the team that led Meta’s Diem crypto project, climbed into the top 10 decentralized finance (DeFi) rankings Tuesday, less than a year after inception, the project said.Continue reading “Sui Becomes a Top 10 DeFi Blockchain in Less Than a Year”
Top 5 Benefits of Using a Visa Prepaid Card
Advertisements Top 5 Benefits of Using a Visa Prepaid Card Most people are used to having credit cards to an extent many forget the need for a prepaid card. This has been pushed by the culture of credit finance and addiction, with more than half of adults currently having a credit card. If you areContinue reading “Top 5 Benefits of Using a Visa Prepaid Card”
Binance Now Allows Larger Traders to Keep Their Assets Elsewhere: FT
Advertisements The move may reflect users’ unease about Binance’s regulatory dispute in the U.S., which saw it landed with a $4.3 billion fine in November Cryptocurrency exchange Binance now allows larger traders to keep their assets at independent banks, the Financial Times reported on Tuesday. Previously, they had to hold their assets on the exchangeContinue reading “Binance Now Allows Larger Traders to Keep Their Assets Elsewhere: FT”
Polymarket Traders See 55% Chance of Second Trump Presidency
Advertisements Trump recently won the first two Republican Party primaries. The U.S. presidential election is ten months away, and traders from Polymarket, a decentralized prediction platform, seem confident that former President Donald Trump will return to power. As of writing, the Yes side shares in the Trump prediction market tied to the “Presidential Election WinnerContinue reading “Polymarket Traders See 55% Chance of Second Trump Presidency”