In an interview with Cointelegraph reporter Joe Hall last Tuesday, David Olsson, global head of institutional distribution at BlockFi, shared his insight on the state of institutional adoption of cryptocurrencies. BlockFi is a financial services company that offers retail wealth management products, such as crypto-backed loans, interest accounts, Bitcoin (BTC) rewards credit cards, etc. Meanwhile, for institutional investors, BlockFi’s proprietary platform provides financing for capital efficiency, the ability to borrow coins for hedging and shorting, and institutional-grade trading infrastructure. When asked about any exciting trends among institutional clients adopting crypto,…
Month: April 2022
Move-to-earn: An active play-to-earn offshoot
Play-to-earn (P2E) games continue to dominate the crypto industry as more than half of the active wallets tracked by Dappradar have connected to blockchain-based games in the first quarter of 2022. Games like Axie Infinity — even with last month’s catastrophic Ronin Bridge hack — Pegaxy, Alien Worlds and others continue to put up millions of dollars in trading volume in the previous 30 days. Despite this, the unsustainability of some P2E games grows more evident in the performance of their tokens. An example is Axie Infinity, whose Smooth Love…
Crypto Proponents Fear SEC 'Backdoor' Regulations on Exchanges, Dealers
Lawyers and lobbyist for the cryptocurrency industry have raised objections to Securities and Exchange Commission proposals that could formally expand crypto oversight. The comment deadline arrived Monday for the first of those rule that amplifies the scope of how the agency defines exchanges. Source
Crypto Proponents Fear SEC ‘Backdoor’ Regulations on Exchanges, Dealers
Lawyers and lobbyist for the cryptocurrency industry have raised objections to Securities and Exchange Commission proposals that could formally expand crypto oversight. The comment deadline arrived Monday for the first of those rule that amplifies the scope of how the agency defines exchanges. Source 039Backdoor039BitcoinCryptocryptoexchangeDealersExchangesFearProponentsRegulationsSEC CryptoX Portal
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Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn’t Be Surprised if Stocks Fell 40% – Economics Bitcoin News
The American economy continues to look gloomy and signals pointing toward a looming recession continue to appear. In a note sent to clients this week, Goldman Sachs’ chief economist said the bank envisions the “odds of a recession as roughly 15% in the next 12 months and 35% within the next 24 months.” Furthermore, the renowned financial expert John Mauldin details that he would not be surprised if the stock market crashed by 40%, as he believes a recession is likely due this year. Goldman Prediction: ‘Odds of a Recession…
Coinbase Bear Thesis Is ‘Way Overblown,’ Oppenheimer Says
At least one bank analyst says COIN’s sagging stock price is an opportunity to buy the dip. Source
Gulf Energy pursues joint venture with Binance, invests in BNB
Thailand-based Gulf Energy has made strategic investments in cryptocurrency exchange Binance US and signaled its pursuit of a joint venture with the global Binance exchange as part of a targeted effort to gain exposure to the digital asset market. Gulf Energy disclosed in a regulatory filing on April 18 that it invested in “Series Seed Preferred Stock issued by BAM Trading Services Inc.,” which is the operator of Binance US. The investment in Binance US gives Gulf Energy exposure to “one of the fastest user scale-up exchanges in the world”…
France's Crypto Industry Fights Institutional Caution
A Web 3 summit in Paris has vaunted the country’s strengths and talent pool – but crypto advocates must battle for acceptance from skeptical financiers. Source
¿Es bitcoin un activo de riesgo o seguro? Tal vez no sea ni uno ni el otro
Subió la inflación, todos quisieron adquirir bitcoin y su precio se disparó, ¿verdad? No exactamente… Original