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Selecting A Reliable Crypto Custodian: Investors Urged To Prioritize Security Amid Increased Risk
Tuesday, July 11, 2023 - 3:16pm | 467In November 2021, the digital asset industry soared to a record high of $3 trillion, while the custodial segment of the market maintained a more conservative figure of $447.9 billion in 2022, according to a report. Consulting firm PricewaterhouseCoopers (PwC) and Aspen Digital, a wealth tech...
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Dubai's BitOasis Stumbles As VARA Halts Its Operational License Over Regulatory Non-Compliance
Tuesday, July 11, 2023 - 10:53am | 378The Virtual Assets Regulatory Authority (VARA) has announced a halt in the conditional MVP Operational License for BitOasis, a cryptocurrency exchange based in Dubai. This action follows BitOasis's failure to meet specific conditions within an established time frame. BitOasis received the...
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Binance Survey Touts Crypto Confidence Among VIP Users, 88% Expect Bright Future
Friday, June 30, 2023 - 3:25pm | 433About 63.5% of institutional players who took part in a Binance survey held an optimistic perspective on the cryptocurrency sector. Of the 208 participants, who are either institutional clients or VIP users of Binance, 88% anticipate a bright future over the coming decade. Dubbed the "...
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WisdomTree Joins Race For Bitcoin ETF Approval, Targets Cboe BZX Exchange
Wednesday, June 21, 2023 - 4:21pm | 401WisdomTree, a leading player in the exchange-traded funds (ETFs) domain, has submitted a request to greenlight the WisdomTree Bitcoin (CRYPTO: BTC) Trust, aiming for a listing on the Cboe BZX Exchange. This development closely follows a similar initiative by BlackRock Inc (NYSE: BLK), which...
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Coinbase Shakes Up The Crypto World With Bitcoin And Ethereum Futures Rollout
Friday, June 2, 2023 - 4:58pm | 349Coinbase Global Inc.'s (NASDAQ: COIN) Derivatives Exchange announced on Friday it will launch institution-sized Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) futures contracts on June 5. The new contracts, named BTI and ETI futures, will be sized at 1 bitcoin and 10...
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Bernstein Predicts Crypto Domination: FTX's Downfall Paves The Way For Bitcoin And Ethereum Explosion
Tuesday, April 18, 2023 - 11:29am | 516The collapse of FTX (CRYPTO: FTT) has been a driving force behind a fresh surge in the cryptocurrency market, according to a recent analysis by Bernstein. The report released on Monday explained how the downfall of the cryptocurrency exchange eliminated the final wave of "harmful crypto...
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Bitcoin Outflow Increases: 2 Experts Weigh In On Recent Changes, Is The Data 'Insignificant?'
Thursday, March 16, 2023 - 3:32pm | 339Bitcoin (CRYPTO: BTC) funds are experiencing an outflow of coins as investors anticipate an early pivot in favor of liquidity easing from the Federal Reserve (Fed) due to the recent U.S. bank failures, according to ByteTree Asset Management's data. The number of coins held by spot and...
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Bitcoin Breaks Through $26K Ceiling First Time Since June 2022 — Experts Predict More Steam Ahead
Tuesday, March 14, 2023 - 11:54am | 589Bitcoin (CRYPTO: BTC) surged to $26,000 on Tuesday, reaching its highest value since June 2022, amid a growing sense of optimism that the digital asset sector will weather the recent turmoil in the U.S. financial system. The largest cryptocurrency has gained for the fourth consecutive day,...
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Bitcoin, Ether And Doge Soar After US Gov's SVB Bailout — Experts Expect Increased Investor Interest
Monday, March 13, 2023 - 11:25am | 700The U.S. government's decision to provide a safety net for Silicon Valley Bank (NASDAQ: SIVB) depositors has led to a surge in the value of major cryptocurrencies like Bitcoin (CRYPTO: BTC), Ether (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) and the market capitalization breaking the $1 trillion...
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Is The Crypto Winter Really That Bad? Blockchain.com Cites Market Conditions In Asset Management Arm Suspension
Thursday, March 9, 2023 - 6:20pm | 325Cryptocurrency financial services company Blockchain.com has suspended operations of its asset management arm, Blockchain.com Asset Management (BCAM), due to the prolonged bearish market. BCAM was launched in April 2022 with the aim of attracting institutional investors. Shortly after the launch,...
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Coinbase Dumps Floundering Crypto Bank Silvergate: What You Need To Know
Thursday, March 2, 2023 - 11:42am | 352Cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) announced Thursday that it has stopped accepting or initiating payments to or from Silvergate Capital Corp (NYSE: SI) out of an "abundance of caution." On Wednesday, Silvergate delayed the filing of its annual report...
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Liquid Staking Tokens Rally After SEC Targets Kraken, Institutional Investors Remain Cautious
Wednesday, March 1, 2023 - 12:31pm | 357Recently, the U.S. Securities and Exchange Commission (SEC) targeted Kraken's staking service, causing liquid staking tokens to rally. However, despite the category's total value locked approaching $15 billion, institutions in Asia have not shown much interest in liquid staking, according...
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JPMorgan Predicts Increased SEC Regulation In The Digital Asset Space
Thursday, February 23, 2023 - 11:25am | 357A recent research report by JPMorgan Chase & Co. (NYSE: JPM) highlights how the U.S. Securities and Exchange Commission (SEC) views most cryptocurrencies as securities. This view extends to staking services, which the SEC views as similar to offering any other type of security. The report,...
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Cryptocurrencies Like Bitcoin And Ethereum Can't Shake The Risk Asset Tag: What's Holding Them Back
Saturday, December 31, 2022 - 5:52pm | 998When cryptocurrencies first started gaining the attention of mainstream investors in early 2017, a number of crypto pundits were quick to claim that they could act as an effective hedge against inflation. Citing the limited token supply of cryptocurrencies like Bitcoin (CRYPTO: BTC) as the chief...
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Big Tech Behemoths Silently Embracing Crypto & DeFi
Friday, September 30, 2022 - 1:36pm | 766Crypto and decentralized finance is not nearly as obscure as many traditional investors will have you believe. On the contrary, DeFi and token technology has been embraced by some of the world’s most innovative companies, if not silently. The original obscurity and nerves by some to get...