Category Archives: Finance

ProShares Says Bitcoin ETF Has Matched BTC Price Closely, ‘Roll Cost’ Concerns Are Unwarranted

Advertisements Interest on the ETF’s cash balances helps offset the cost of rolling from one set of futures to the next, ensuring a low performance discrepancy, the firm said. ProShares, the issuer of the first U.S. bitcoin futures-linked exchange-traded fund (ETF), said concerns that costs associated with trading of the derivatives would lead to trackingContinue reading “ProShares Says Bitcoin ETF Has Matched BTC Price Closely, ‘Roll Cost’ Concerns Are Unwarranted”

Move Over Shiba Inu: Crypto Community Flirts With Hamster Race Betting

Advertisements A bunch of actual hamsters are racing on a new platform, and returns-starved traders are placing BUSD-based bets on who wins. Crypto traders have found a novel way to generate returns as bitcoin (BTC) remains flat and the decentralized finance (DeFi) sector fails to fully shake off the bear market lull. Blockchain-based platform Hamsters.ggContinue reading “Move Over Shiba Inu: Crypto Community Flirts With Hamster Race Betting”

Crypto Exchange Bitget Opens Dubai Office, Plans Middle East Expansion

Advertisements The crypto trading platform plans to hire up to 60 new members of staff in the region. Crypto trading platform Bitget plans to expand into the Middle East and hire up to 60 new members of staff, the company said on Thursday. The company said it has already opened an office in downtown DubaiContinue reading “Crypto Exchange Bitget Opens Dubai Office, Plans Middle East Expansion”

Kuwait Regulator Bans Crypto Payments, Investment and Mining

Advertisements The prohibitions are an effort to meet requirements set by the FATF on preventing money laundering via crypto, the Capital Markets Authority said. Kuwait has prohibited the use of crypto for payments or investment to combat money laundering, according to a circular by the country’s financial regulator issued on Monday. The Capital Markets AuthorityContinue reading “Kuwait Regulator Bans Crypto Payments, Investment and Mining”

Ex-FTX COO Constance Wang Joins Crypto Fund Sino Global

Advertisements Matthew Graham, Sino Global’s founder and CEO, was a close associate of Sam Bankman-Fried during FTX’s rise. Constance Wang, described as Sam Bankman-Fried’s “right hand” in his fundraising drive, has joined crypto fund Sino Global Capital as its head of gaming, according to a report from Bloomberg which was confirmed by the fund’s founderContinue reading “Ex-FTX COO Constance Wang Joins Crypto Fund Sino Global”

Stride Blockchain Will Move to ATOM-Powered Security Model

Advertisements Stride’s native token STRD trades 0.7% higher as the transition is expected to beef up the liquid staking protocol’s security by several thousand percent. Stride, the Cosmos-based liquid staking protocol, is scheduled to transition to Cosmos’ interchain security (ICS) system powered by ATOM tokens from the existing stride (STRD) token model. “The transition willContinue reading “Stride Blockchain Will Move to ATOM-Powered Security Model”

Reddit Community Tokens Rocket as Rule Change Speculation Boosts MOON, BRICK

Advertisements Reddit changed its Terms of Service recently where it now explicitly allows for trading Reddit’s tokenized Community Points, one observer said while explaining the price rally. Moons (MOON), the native token of Reddit’s r/CryptoCurrency community of over 6.5 million users, has chalked up a triple-digit price gain this week. One analyst cited Reddit’s recentContinue reading “Reddit Community Tokens Rocket as Rule Change Speculation Boosts MOON, BRICK”

Levered Bullish Longs Getting Liquidated as Bitcoin Market Softens

Advertisements CoinGlass data shows that in the last 24 hours, $116.38 million worth of futures bets were liquidated, with $85.68 in bullish long positions On-chain data shows that traders’ bullish long positions on bitcoin are being liquidated as the cryptocurrency struggles to gather traction above $30,000. Data from CoinGlass shows that $85.68 million in longContinue reading “Levered Bullish Longs Getting Liquidated as Bitcoin Market Softens”

Fed may raise interest rates twice in a row

Advertisements Some Fed officials favor a rate hike this month and September, to further bolster the fight against inflation. Federal Reserve Chairman Jerome Powell frequently asserts that the agency still has a lot of work to do, and he does not rule out the possibility of consecutive interest rate increases. Last weekend, Fed governor ChristopherContinue reading “Fed may raise interest rates twice in a row”

Unstoppable Adds Support for ENS Domains

Advertisements The domain provider will also offer auto renewal for the .eth domains as well as the ability to use fiat payment methods like credit cards. Digital identity platform Unstoppable Domains is adding support for Ethereum Name Service (ENS) domain endings, growing its roster of Web3 offerings. With .eth domain endings, holders will be ableContinue reading “Unstoppable Adds Support for ENS Domains”

Next Bitcoin Halving Event Could Be a Stress Test for Miners: JPMorgan

Advertisements The next halving will see a reduction in miners’ revenues and an increase in bitcoin production costs at the same time, the report said. The bitcoin (BTC) hashrate continues to hit new all-time highs as competition between miners escalates ahead of the next halving event, expected second-quarter 2024, JPMorgan (JPM) said in a researchContinue reading “Next Bitcoin Halving Event Could Be a Stress Test for Miners: JPMorgan”

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