Day: June 1, 2022

SIX Swiss Exchange’s Trading Jumps 2.8% in May, Lands at CHF 109.4bn

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SIX Swiss Exchange, Europe’s third largest stock exchange and top post-trade service provider, recorded a 2.8% growth month-on-month (MoM) in its total trading turnover for May 2022. The service provider, which hit CHF 109.4 billion in trading turnover in the said month, also saw its total number of transactions rise by 13.8% to 5,502,484. “Since the beginning of 2022, trading turnover reached CHF 607.9 billion with a total of 29,485,471 transactions,” the exchange wrote in a statement that outlines the volumes. SIX’s Past Performance The exchange had recorded a trading…

Crypto Exchange Coinbase Reveals Its Process for Listing New Altcoins

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Top US-based crypto exchange platform Coinbase is revealing its listing procedures for new altcoins. According to a new blog post by Coinbase chief product officer Surojit Chatterjee, the crypto exchange’s listing process starts with asset issuers creating an account and submitting an application. Next, Coinbase’s Digital Asset Listing Group (DALG) evaluates the application using its standard listing evaluation framework to ensure it meets legal and safety requirements. If approved, the asset is listed on the exchange and closely monitored to ensure it continuously meets the platform’s requirements, according to Coinbase.…

DeFi protocols launch stablecoins to lure new users and liquidity, but does it work?

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Stablecoin projects have been thrust into the limelight over the past month as the popularity of algorithmic stablecoins and the collapse of the Terra project put a spotlight on the important role dollar-pegged assets play in the crypto market. In response to the void left by UST, multiple protocols have released new stablecoin projects in an effort to attract new users and capture liquidity. Generally speaking, the DeFi sector is full of gimmicks that are designed to entice user participation and it’s possible that the recent stablecoin launch programs are…

Mineras de bitcoin venden sus tenencias de BTC ante las dificultades del mercado

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Los envíos de mineros hacia los exchanges han alcanzado su punto más alto desde enero, escribió Compass Mining, una empresa de servicios de minería de bitcoin, en una nota de investigación utilizando datos de CoinMetrics. “Los mineros pueden comenzar a vender su tenencias en bitcoin en el mercado abierto”, escribió Compass. “Como mínimo están sintiendo el dolor de la última caída importante en el precio. Si combinamos esto con un ajuste de dificultad a la baja –lo que indica que los mineros se apagan– parecería que los mineros podrían estar…

Former product manager at OpenSea charged with insider trading

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On Wednesday, United States prosecutors in Manhattan charged Nathaniel Chastain, 31, with insider trading. Chastain is a former product manager at OpenSea, the largest nonfungible token (NFT) marketplace. This will be the first case of its kind regarding digital assets and traditional criminal investigations.  Former employee of NFT marketplace charged in first ever digital asset insider trading schemehttps://t.co/Q8C8btS743 — US Attorney SDNY (@SDNYnews) June 1, 2022 Prosecutors claim that Chastain bought 45 NFTs through anonymous hot wallets and anonymous accounts on OpenSea and then sold them for a profit shortly…

Once-Resistant Kanye West Files NFT Trademark Applications

As celebrity NFT projects and endorsements become increasingly popular, trademark filings have become a common way for the rich and famous to get their feet wet and make an initial claim. In April, soccer great David Beckham submitted three metaverse and NFT-related trademark applications while, in March, Notorious B.I.G., LLC, which manages Biggie Smalls’ intellectual property, filed three trademarks that indicated the company’s likely plans to release NFTs of the late rapper. And in February, YouTube star, professional boxer and NFT fan Logan Paul helped kick-start the trend of celebrities…

Cawthorn’s Crypto Wallet Reveals Undisclosed Trades Amid House Ethics Investigation

Regardless, Cawthorn, who sold LGB for ETH (which itself was crashing through January) likely lost money on his $150,000 initial investment; he almost certainly ran up a hefty short-term capital gains tax bill for the 2021 trades. Based on his congressional salary for last year ($174,000), his married status and his $50,000 gain from the Dec. 31 trades, Cawthorn’s New Year’s Eve swaps fall into a 24% tax bracket, experts said. Source

Bitcoin Observes Longest Stretch Of Extreme Fear Since April 2020

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Data shows extreme fear sentiment in the Bitcoin market has continued for almost a month now, the longest stretch since April 2020. Bitcoin Market Sentiment Remains In Extreme Fear Territory As per the latest weekly report from Arcane Research, the crypto fear and greed index has continued to point at extreme fear this week. The “fear and greed index” is an indicator that measures the general market sentiment among Bitcoin and crypto investors. The metric uses a numeric scale that runs from one to hundred for representing this sentiment. All…

Canadians buy the dip as Purpose Bitcoin ETF holdings reach new highs

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Despite May’s price correction, which took Bitcoin (BTC) as low as $23,800, institutional investors seem unwilling to lose confidence in the cryptocurrency. The Purpose Bitcoin ETF, launched in February 2021, has been seeing a consistent inflow over the last five trading days. The fund’s holdings have increased to 43,701.7 BTC as of Tuesday, according to Glassnode data reported by Jan Wustenfeld. That’s the highest level on record. The Canadian #Bitcoin Purpose spot ETF has seen persistent inflows over the last 5 trading days. Wed: 752 BTCThu: 2.06k BTCFri: 1.82k BTCMon:…