For one-third of clients that were conducting crypto transactions, the data show only a single transaction, generally for smaller amounts. They account for only 5% of the dollar value of crypto transactions. A considerable 69% of clients who transacted in cryptocurrencies during the Covid-19 pandemic are no longer active, the report added. Source
Month: July 2022
Celsius Shareholder BnkToTheFuture Proposes Bitcoin Investments, Restructuring in Rescue Bid
Community investing protocol BnkToTheFuture put forth three proposals in a bid to save Celsius from going under. Original
Deutsche Bank analysts see Bitcoin recovering to $28K by December
Analysts from Deutsche Bank forecast Bitcoin (BTC) rebounding to $28,000 by December 2022 as the cryptocurrency market continues to grapple with gloomy times. Bitcoin and the wider cryptocurrency markets have endured a tough six months, with the value of BTC, in particular, enduring its worst quarter in 10 years. Macroeconomic conditions around the world have played a role, with stagnating markets and fears of inflation driving conventional stock markets and their crypto-counterparts down to painful lows. A report from Deutsche Bank analysts Marion Laboure and Galina Pozdnyakova provides an interesting…
Mark Cuban Claims Bear Market Will End After Crypto-Apps Become Handy
The declining crypto market has raised lots of concerns among investors. Through several analyses, this prevailing price fall seems to be the worst in history. The crisis keeps raging with numerous losses recorded and more panic sell-off from traders. As a result, many people present ideas that could yield solutions to the situation. One of the trending reports is the statement of billionaire entrepreneur Mark Cuban concerning the bear market. Cuban, popularly known as the top investor in Shark Tank, a reality TV show, believes in the role of applications.…
Three Arrows Capital’s Su Zhu Looks to Sell $35M Singapore House
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…
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Bitcoin, Ether Futures Rack up Nearly $200M in Liquidations on Short Squeeze
On Thursday, bitcoin dipped under the $20,000 amid a broader fall in Eurasian markets, recovered over that level, and then fell to as low as $18,650 in U.S. evening hours. A short squeeze then saw bitcoin touch over $20,900 in early Asian hours on Friday, which was then followed by a drop to $19,400 at writing time as traders took profits. Original
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Financial Companies Report First Deal With Digital Assets Under Russian Law โ Finance Bitcoin News
Two companies have carried out Russiaโs first transactions with digital financial assets as defined by the countryโs current legislation. The deal involved the tokenization of debt issued by a third party and its subsequent acquisition. Russian Companies Conduct Issue and Placement of Digital Financial Assets VTB Factoring, a subsidiary of Russian majority state-owned Vneshtorgbank (VTB), and the fintech firm Lighthouse have announced the first transactions for the issuance and placement of digital financial assets (DFAs). The latter is a broad legal term in Russian law that encompasses various types of…
Blockchain.com, Deribit Among Creditors That Pushed for 3AC Liquidation: Report
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…