Built on Nasdaq’s trading technology, the platform will allow users to buy bitcoin and ether. Source
Brazil’s Largest Brokerage XP Set to Launch Crypto Trading Feature
Day: May 12, 2022
Teller Finance Diversifying DeFi With Travel Insurance
Koala, which isn’t backed by a large insurance broker or carrier, has so far gathered a capital pool of about $450,000 for its Koala Flex product, which allows travelers to cancel their trip at the click of a button and get their money back. Doing so requires the capacity to provide a lot of refunds if necessary, explained Koala Insurance CEO Ugo Weyl, adding that risk-averse insurance and reinsurance firms tend to shy away from this type of innovation. Source
Grayscale Met With The SEC, Tried To Convince Them To Turn The GBTC Into An ETF
Will GBTC get to become the first US-based spot bitcoin ETF? It doesn’t look that way. The euphoria from six months ago turned into Grayscale hinting that it might sue the SEC if its request is denied. Currently, the climate dictates that the answer will probably be negative, but the company is not giving up. According to CNBC, Grayscale “met privately with the Securities and Exchange Commission last week in an effort to persuade the regulator to approve the conversion of its flagship fund into an ETF.” Related Reading |…
Galaxy Digital Investors’ Concerns About LUNA Exposure Are Overblown, Says BTIG
In its recent management discussion and analysis filing for the quarter ending March 31, Galaxy said the largest contributor in the quarter to its $355 million in net realized gains on its digital assets came from sales of LUNA. Galaxy had previously said in its fourth-quarter earnings release that it held $407.6 million worth of LUNA as of Dec. 31. Source
Dogecoin eyes ‘oversold’ bounce as DOGE price gives up 90% of yearly gains
Dogecoin (DOGE) shows the prospect of undergoing a strong price rebound after reaching a technical support confluence on May 12. DOGE price 25% bounce incoming? DOGE’s 45% price drop to $0.065 this week, or a 90% decline from its record high of $0.76 a year ago, was met with decent buying sentiment. As a result, the token underwent a modest price rebound on May 12, rising over 10% to $0.078. Interestingly, Dogecoin’s upside retracement move started near a confluence of two support levels: a multi-month downward sloping trendline and a…
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Uncovering Terra’s Implosion — Terraform Labs’ Big Name Backers and ‘Zero Exposure’ Claims – Bitcoin News
Digital currency markets have continued to slide downward in value as the crypto economy has dropped by 14% during the past 24 hours. Amid the market rout, the native Terra blockchain token LUNA has dropped to fresh new lows, slipping to $0.0156 per unit. Terra’s founder Do Kwon revealed a plan on Wednesday, but after some brief healing, Terra’s native tokens LUNA and UST continued to plummet. Now people are beginning to wonder who backed this popular crypto project, and which crypto firms had a lot of exposure to the…
Tether CTO Says, USDT-Dollar Remains Strong Amid Stablecoin Crises
The LUNA/UST affair has caused discrepancies in the BTC-stablecoin trading pairs on different global cryptocurrency exchanges. Cryptocurrencies are still feeling the effects of the TerraUSD disaster, with markets continuing to suffer significant losses. Related Reading | TA: Bitcoin Breaks $30K, Why This Could Turn Into Larger Downtrend While Tether (USDT) traded under $0.99, showing a sign of stress – Paolo Ardoino, Tether and Bitfinex’s chief technology officer, took to Twitter to assure people that 300 million UDST tokens had been redeemed at their $1 peg over 24 hours. Reminder that…
First Mover Americas: BTC Drops to 2020 Levels of $25K; Tether Loses $1 Peg
CryptoX – Cryptocurrency Analysis and News Portal The latest moves in crypto markets in context for May 12,2022. Source The post First Mover Americas: BTC Drops to 2020 Levels of $25K; Tether Loses $1 Peg appeared first on CryptoX. CryptoX Portal
Chainalysis announces $170M funding round, platform now valued at $8.6 billion
Chainalysis, a blockchain analytics provider, has announced its $170 million Series F funding round. The fresh funding succeeded its $100 million raise back in June 2021 and more than doubly exceeded its valuation of $4.2 billion at the same time. The raise was led by Singaporean sovereign wealth fund GIC and further participated in by investors Accel — who previously led Chainalysis’ $30 million Series B round in 2019, as well as Blackstone, Dragoneer and FundersClub. Bank of New York Mellon and Emergence Capital also participated in the round as first…