Category Archives: Finance

Binance Will Retain Its International Dominance After U.S. Settlement: Bernstein

Advertisements The deal also removes the final hurdle before approval of a spot bitcoin ETF, the report said. While Binance experienced minor outflows of less than $1 billion following the news of the settlement with the U.S. government, there was no major panic from customers, and it remains the dominant crypto exchange internationally, with $67Continue reading “Binance Will Retain Its International Dominance After U.S. Settlement: Bernstein”

Crypto Traders Load Up on Bitcoin Topside Option Plays After Binance’s Guilty Plea

Advertisements We have seen interest in loading up more topside with strong demand for the March 2024 expiry calls, one OTC desk said. Binance chief Changpeng “CZ” Zhao on Tuesday stepped down and pleaded guilty to violating U.S. anti-money laundering laws as part of a $4.3 billion settlement, in what may come across as theContinue reading “Crypto Traders Load Up on Bitcoin Topside Option Plays After Binance’s Guilty Plea”

Bitcoin Fundamentals Have Never Looked Better: Bernstein

Advertisements The world’s largest cryptocurrency is expected to benefit from a number of positive catalysts in 2024, the report said. Bitcoin (BTC) is expected to emerge as a global macropolitical asset with a more-than $3 trillion market cap, quadrupling by mid-2025, broker Bernstein said in a research report Monday. Bernstein says the cryptocurrency’s fundamentals haveContinue reading “Bitcoin Fundamentals Have Never Looked Better: Bernstein”

Santander Private Bank Introduces Bitcoin, Ethereum Trading for Clients in Switzerland

Advertisements Santander Private Banking International is offering buy, sell and hold services with bitcoin and ether to clients with accounts in Switzerland. Santander Private Banking International, part of Spanish financial services giant Banco Santander, is offering high-net-worth clients with Swiss accounts trading and investing in the major cryptocurrencies bitcoin (BTC) and ether (ETH), according toContinue reading “Santander Private Bank Introduces Bitcoin, Ethereum Trading for Clients in Switzerland”

OpenAI CEO Drama Makes a Market for Blockchain Betters

Advertisements Over $250,000 in liquidity was built up in prediction market contracts on Polymarket over the weekend, from the serious to the absurd. Nobody knows why Sam Altman was forced out of OpenAI. But betters on decentralized prediction platform Polymarket are putting their money where their mouth is when they take a guess. Over theContinue reading “OpenAI CEO Drama Makes a Market for Blockchain Betters”

PancakeSwap Targets GameFi With Release of Gaming Marketplace

Advertisements The marketplace will allow developers to directly build, publish, and update games on the platform. Decentralized exchange PancakeSwap released its Gaming Marketplace on Wednesday, allowing developers to directly build, publish, and update games on the platform as it targets the niche gaming finance (GameFi) market. GameFi broadly refers to gaming applications using tokens toContinue reading “PancakeSwap Targets GameFi With Release of Gaming Marketplace”

Bitcoin Could Reach $45K by Year-End, Analyst Says

Advertisements Options market positioning and dovish Fed expectations indicate the path of least resistance is on the higher side. Bitcoin’s (BTC) bullish momentum will likely remain intact heading into the end of the year, lifting prices to the $40,000 mark, according to Markus Thielen, research head at crypto services provider Matrixport and founder of analyticsContinue reading “Bitcoin Could Reach $45K by Year-End, Analyst Says”

FTX Can Start Mediation, File Counterclaims in BlockFi Bankruptcy Case, Judge Rules

Advertisements BlockFi filed for bankruptcy in late November last year, in part because of the ripple effects of the sudden collapse of FTX, which triggered an automatic stay that halted proceedings between the two. A U.S. judge ordered the end of an automatic stay on proceedings between bankrupt crypto firms FTX and BlockFi, meaning theContinue reading “FTX Can Start Mediation, File Counterclaims in BlockFi Bankruptcy Case, Judge Rules”

U.S. CPI Unexpectedly Flat in October; Bitcoin Adds Nearly 1%

Advertisements In addition to the headline inflation beat, core CPI declined last month. U.S. inflation data for October was better-than-hoped, with the headline Consumer Price Index (CPI) flat for the month versus economist forecasts for a rise of 0.1%. The core rate rose just 0.2%, beating expectations for 0.3%. Checking all the numbers, the CPIContinue reading “U.S. CPI Unexpectedly Flat in October; Bitcoin Adds Nearly 1%”

Crypto Exchange Bithumb Plans South Korea IPO in Second-Half 2025: Report

Advertisements Bithumb is aiming to close the market-share gap with fellow exchange Upbit, which has over 80% of the South Korean market. Cryptocurrency exchange Bithumb plans to go public in its native South Korea, according to reports by local news outlets on Monday. The exchange aims to list on Kosdaq, the South Korean counterpart toContinue reading “Crypto Exchange Bithumb Plans South Korea IPO in Second-Half 2025: Report”

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