Advertisements The “basis trade,” a standout in the 2020/2021 bull market, is hinting at a resurgence, one observer said, referring to the rising futures premium. The market-neutral bitcoin “basis” trade offers an annualized double-digit return as futures premium rise above 10%. The strategy could become more attractive with the launch of spot ETFs next year,Continue reading “Bitcoin Market-Neutral Bets Offer 10% Return as BTC Tops $41K, Analysts Say”
Category Archives: Finance
Bitcoin’s Price Rise to $41K Buoyed by $200M in Weekend Short Liquidations
Advertisements Overall market capitalization has risen 3% in the past 24 hours to reach a level previously seen in April 2022. Bitcoin (BTC) and ether (ETH) added as much as 4% in the past 24 hours as optimism around a possible spot exchange-traded fund (ETF) approval in the U.S. continued to grow, and peak pricesContinue reading “Bitcoin’s Price Rise to $41K Buoyed by $200M in Weekend Short Liquidations”
MSB recognized as the Bank of the Year 2023 in Vietnam by The Banker @ Financial Times
Vietnam Maritime Commercial Joint Stock Bank (MSB) announced today that it has been named Bank of the Year in Vietnam by The Banker @ The Financial Times magazine.
MicroStrategy Bought $600M of BTC in November, Increased Holdings by 10%
Advertisements MicroStrategy is also looking to raise up to $750 million in a sale of class A common stock. Microstrategy (MSTR), the largest corporate holder of bitcoin (BTC), boosted its holdings in November, buying some 16,130 BTC, worth around $608 million at current prices. The Michael Saylor-founded software developer bought the bitcoin for around $593.3Continue reading “MicroStrategy Bought $600M of BTC in November, Increased Holdings by 10%”
Decentralized Infrastructure Provider Grove Raises $7.9M
Advertisements Decentralized infrastructure is the use of blockchain technology and token incentives to build physical networks so other projects do not need to incur the costs of buying and running their own equipment. Decentralized physical infrastructure (DePIN) provider Grove, previously named Pocket Network Inc., has raised $7.9 million from Fidelity-affiliated Avon Ventures, Placeholder Capital andContinue reading “Decentralized Infrastructure Provider Grove Raises $7.9M”
Central Bank Project Shows CBDC Payments Can Be Private
Advertisements The BIS project is a first step in exploring privacy, security and scalability for central bank digital currency design, a report on the initiative said. A joint project by central banks has shown that it’s possible to maintain privacy when making payments with national digital currencies. Project Tourbillon, by the Bank for International Settlements’Continue reading “Central Bank Project Shows CBDC Payments Can Be Private”
U.S. Treatment of CZ, Binance Is ‘Absurd:’ Arthur Hayes
Advertisements The former BitMEX CEO said the record-breaking penalties imposed on Binance represent an institutional bias against the transformative impact of cryptocurrency and blockchain technology. Binance and its founder Changpeng “CZ” Zhao have been treated the way they have been in the U.S. because the crypto exchange – and other centralized exchanges – represent aContinue reading “U.S. Treatment of CZ, Binance Is ‘Absurd:’ Arthur Hayes”
Dogecoin Now Held at 5M Crypto Addresses, Though Concentration Remains a Concern
Advertisements DOGE’s market value has risen 14% to almost $11 billion this month. The adoption of joke cryptocurrency dogecoin (DOGE) continues to grow two years after the coronavirus pandemic that supposedly saw people beat lockdown boredom by gambling millions in non-serious digital assets. The number of cryptocurrency addresses holding DOGE has topped 5 million forContinue reading “Dogecoin Now Held at 5M Crypto Addresses, Though Concentration Remains a Concern”
ARK Invest Sold $5M Worth of Grayscale Bitcoin Trust Shares Last Week
Advertisements The sales took place as the discount for Grayscale’s bitcoin investment vehicle narrowed to its lowest in over two years, a sign of escalating optimism that a spot bitcoin ETF will finally be approved in the U.S. Cathie Wood’s ARK Invest sold more shares in Grayscale Bitcoin Trust (GBTC) last week, offloading 163,722 toContinue reading “ARK Invest Sold $5M Worth of Grayscale Bitcoin Trust Shares Last Week”
Cosmos Founder Calls for Chain Split; ATOM Down 3%
Advertisements Cosmos Hub is an intermediary among all independent blockchains created within the Cosmos network. ATOM powers the Cosmos ecosystem of blockchains programmed to scale and interoperate with each other. Cosmos’ founder Jae Kwon favours splitting the blockchain into two following a decision by the community to reduce Cosmos’ native token ATOM’s inflation to 10%.Continue reading “Cosmos Founder Calls for Chain Split; ATOM Down 3%”
Binance’s Changpeng ‘CZ’ Zhao Is a Manageable Flight Risk: U.S. DOJ
Advertisements The U.S. Department of Justice (DOJ) argues that Binance’s former CEO should remain free until sentencing – but only in the U.S. The U.S. Department of Justice doesn’t want Changpeng ‘CZ’ Zhao locked up until sentencing, but it doesn’t want him to leave the United States either, arguing in a new filing that he’sContinue reading “Binance’s Changpeng ‘CZ’ Zhao Is a Manageable Flight Risk: U.S. DOJ”
Market Watch: Vietnam Financial Market Overview from November 20 – November 24
In the week from November 20 to November 24, the stock market experienced minimal fluctuations
National Assembly Postpones Approval of Amended Credit Institutions Law
Despite several approved contents compared to the draft presented at the 5th Session, the Assembly opted to allow relevant agencies to further research, absorb, and revise the submitted draft.
Austria’s Raiffeisen Bank to Roll Out Crypto Trading for Retail Customers in January
Advertisements The bank will start its crypto services to customers in Vienna in partnership with Bitpanda. Austria’s Raiffeisen Bank International will roll out cryptocurrency trading services to retail customers by the end of January 2024. The service will initially be offered to customers in Vienna, where the 97-year-old bank is headquartered, and be provided inContinue reading “Austria’s Raiffeisen Bank to Roll Out Crypto Trading for Retail Customers in January”
Bitcoin Supply Inactive for a Year Hits Record High of 70%
Advertisements It appears bitcoin holders are not planning on offloading inventory at these price levels or any time soon, one observer said. The percentage of Bitcoin’s (BTC) circulating supply that was last active on-chain at least a year ago has reached a record high of 70.35%, surpassing the previous peak of 69.35% in July, accordingContinue reading “Bitcoin Supply Inactive for a Year Hits Record High of 70%”