News - Page 16

Bitcoin's quadrennial halving event, expected in April 2024, is of particular importance for miners. During this event, block rewards for the industry will be cut in half.

The fixed vs floating swap market and the creation of a forward curve for the ETH staking rate have become significant in the financial industry. This market allows speculators to express their views on network demand, volatility, and macro events by gaining exposure to the future rate. Both OTC dealers and DeFi protocols play a crucial role in creating these marketplaces.

The asset management industry is a significant global sector, with a substantial portion of assets being held in passive strategies such as ETFs and index funds. In Europe alone, the industry manages €28.4 trillion of assets, with 20% allocated to passive vehicles. This includes approximately half in exchange traded products and the other half in index funds.

According to economists at the Bank for International Settlements (BIS), stablecoins are not meeting their intended purpose of being a reliable means of exchange. In order for stablecoins to be effective in facilitating transactions, they need to maintain a stable value throughout the day. However, BIS researchers have found that many stablecoins are failing to do so.

Lõhmus' plight highlights the danger for crypto users that their assets can be permanently lost should they not be able to remember the details needed to access their wallets.

Decentralized finance (DeFi) has gained significant popularity in recent years, offering individuals the opportunity to access financial services without the need for intermediaries. However, this growing trend towards complexity in DeFi has raised concerns about accessibility and usability.

A popular trader, known as Dave the Wave, who accurately predicted Bitcoin's crash in May 2021, has set a technical target for the top cryptocurrency to achieve in order to position itself for a massive rally in late 2024.

Binance has recently launched a self-custody Web3 wallet that enables users to seamlessly interact with the decentralized finance (DeFi) ecosystem. This wallet offers a convenient and secure way for users to engage in various activities such as staking, lending, and borrowing.

A widely followed crypto analyst has raised concerns about the potential impact of a US Federal Reserve interest rate cut on the Bitcoin market. In a recent video update, Benjamin Cowen, a prominent crypto trader, shared his analysis with his large YouTube following. Cowen points out that historical patterns indicate a downward trend for both the S&P 500 and Bitcoin following a Fed rate cut.

The amount of new token creation dropped during the third quarter to the lowest since at least the start of 2021, according to blockchain smart-contract auditor CertiK. The company created the data set by using the list of tokens added each quarter to the tracking website CoinMarketCap, and then stripping out so-called memecoins that serve no ostensible purpose but to provide yuks and a vessel for speculation.

The GMX platform is introducing trading and grant incentives to reward its users and developers.

A crypto trader who accurately called Bitcoin’s (BTC) 2018 bear market price floor is predicting Solana (SOL) will easily soar beyond $100.

A closely followed crypto strategist and trader believes that Bitcoin (BTC) is in the early stages of a parabolic surge.

Our recent acquisition of new licenses has allowed us to expand our market reach significantly. Previously, we were limited to serving licensed financial institutions, but now we are able to cater to a wider range of clients, including enterprises and SMEs. This means that we can now provide our services to importer/exporters who need to pay suppliers overseas, as well as companies with freelance developers located in different parts of the world.

Crypto analysts are predicting a surge in the price of Ethereum (ETH) in the coming months. According to a chart shared by pseudonymous trader Bluntz, ETH is expected to experience a brief correction before jumping to nearly $2,400. Bluntz advises investors to take advantage of any dips in price below $1,720 to accumulate more ETH. Fellow trader Credible Crypto shares a similar outlook, stating that ETH is unlikely to drop below $1,500 again. However, both analysts believe that a pullback may occur before the price continues to rise. They anticipate ETH reaching $1,700 before heading towards the $2,000 region. It is worth noting that if Bitcoin's price continues to rise, the pullback on ETH may be less likely. Investors are advised to do their own research and exercise caution when investing in cryptocurrencies.

Crypto lobbyists and their allies in Congress, primarily Republican lawmakers, are pushing for the Commodity Futures Trading Commission (CFTC) to be granted more authority over the crypto spot markets. This would give the CFTC direct regulatory power over the markets where actual crypto assets are exchanged.