Day: August 3, 2022

Why The Crypto Fear & Greed Index Points To Sustainable Recovery

boss

The crypto fear and greed index shows that while investors are still cautious, the market sentiment is nonetheless making sustainable recovery. Crypto Fear And Greed Index Surges Up, But Remains In “Fear” Territory As per the latest weekly report from Arcane Research, the market sentiment rose to the best sentiment since April of this year on Saturday. The “fear and greed index” is an indicator that measures the general sentiment among investors in the crypto market. The metric uses a numeric scale that runs from zero to hundred for representing…

Nifty Newsletter, July 27–Aug 2

boss

In this week’s newsletter, read about how Binance started its nonfungible token (NFT) ticketing service by partnering with a sports club. Check out the NFT exchange-traded fund (ETF), which was released by trading platform KuCoin and how Google AI was able to paint BAYC-inspired NFTs. In other news, learn about how much the NFT community spent in minting NFTs in the first half of 2022 and check out the upcoming NFT album by British rock band Muse. And, don’t forget about this week’s Nifty News roundup featuring Dr DisRespect’s NFT…

Europe’s Securities Regulator ESMA Seeks to Obtain Crypto Transaction Data – Regulation Bitcoin News

boss

The European Securities and Markets Authority (ESMA) is gearing up to implement stricter oversight in regards to crypto-related transactions. The agency is now looking to hire suppliers of trading data, as monitoring major participants in the market falls under its responsibilities. ESMA Launches Public Procurement for Providers of Crypto Trading Data The securities watchdog of the European Union, ESMA, is preparing to increase scrutiny on transactions involving cryptocurrencies, a public tender has indicated. On Tuesday, the authority launched a procurement procedure for suppliers of trading data on crypto transactions including…

Stellar Announces “Soroban”, XLM Reacts With 10% Profits

The Stellar (XLM) Development Foundation celebrated the launch of a preview for their upcoming smart contract platform, called “Soroban”. As part of their “Project Jump Cannon”, the initiative behind the development of the platform, the organization has invited developers to create their own contracts. Soroban’s announcement has been highly anticipated by Stellar (XLM) users. This platform might provide the network with new use cases, and a new wave of adoption, and might provide it with the capabilities to compete with major blockchains, such as Ethereum. Per an official post, Stellar’s…

Banks Aren’t Going to ‘HODL’ Bitcoin

The 1% exposure limit applies only to Group 2 assets. It means that because Group 2 assets are extremely risky, banks won’t be allowed to have much in the way of exposure to them. In the example above, J.P. Morgan has Tier 1 capital of 13.7% of total risk-weighted assets. So for J.P. Morgan, total Group 2 crypto asset holdings (including bitcoin) can’t be more than 0.137% of its total risk-weighted assets – and considerably less of its total assets unweighted for risk. Admittedly, for a bank the size of…

MicroStrategy stock MSTR hits 3-month high after CEO’s exit

boss

MicroStrategy (MSTR) stock opened higher on Aug. 3 as investors digested the news of its CEO Michael Saylor’s exit after a depressive quarterly earnings report. Microstrategy stock up 142% since May lows  On the daily chart, MSTR’s price surged by nearly 14.5% to $324.55 per share, the highest level since May 6. The stock’s intraday gains came as a part of a broader recovery that started on May 12 at $134. Since then, MSTR has grown by 142% versus Nasdaq’s 26.81% gains in the same period. MSTR daily price chart.…

Lessons From the Turkish Government’s Hasty Attempt to Regulate Cryptocurrencies

The bill, which suggested significant restrictions on investing and using cryptocurrencies, should be opposed. Crypto adoption has accelerated in Turkey over the past two year, in part due to high inflation. My co-author and I believe that restricting crypto is a restriction on freedom, and is not only ethically and constitutionally wrong but also would worsen the country’s capital outflow problem rather than solving it. Source

Coinbase Facing SEC Probe Over Cryptocurrency Listings

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Coinbase Global Inc. is facing scrutiny form the US Securities and Exchange Commission into whether it improperly let Americans trade digital assets that should have been registered as securities. Joe Mathieu reports on Bloomberg Television. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version