Bitcoin’s volatility will continue to drop as the economic backdrop improves and the market becomes resilient to the negative FTX headlines, one observer said. Original
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The G20 is working to create a global crypto policy consensus for better asset regulation and accountability. The G20 governments are reportedly working on developing a unified crypto policy. If successful, this crypto policy should function as a framework that all member countries should follow to regulate digital assets. Commenting on the development, India’s federal economic affairs secretary, Ajay Seth, explained at a press conference Wednesday: “The regulation should flow from the policy view taken. In fact, one of the priorities which have been put on the table is to help countries…
The SEC recently approved a slew of blockchain-focused funds for WisdomTree but continues to deny spot Bitcoin ETFs. The Securities and Exchange Commission (SEC) has approved nine more blockchain-enabled funds from WisdomTree (NYSE: WT). This approval lends itself to WisdomTree’s overarching goal of further integrating blockchain tech to enhance investor experience. Announcing the SEC’s approval in a blog post, the $82 billion asset management platform also stated that the nine digital funds offer varied exposure. These include asset classes such as commodities, equities, and floating-rate treasuries. WisdomTree Execs Weigh In on Latest SEC…
CryptoX – Cryptocurrency Analysis and News Portal Cathie Wood’s ARK Invest continues to buy on Coinbase’s dip, adding $3.2 million of the crypto exchange’s shares to its portfolio. The investment firm now holds 5.8 million shares. This comes on top of two recent purchases, as the fund increases its holdings of the stock while the share price hits all-time lows. Year to date, the stock is down nearly 84%, underperforming bitcoin, which is down 61%. ARKK is down 64%. Source The post Crypto Money-Laundering Bill on the Table appeared first…
Cloud computing giant Microsoft is taking measures to increase stability of its cloud services by forcing new restrictions for activities like cryptocurrency mining. Microsoft has quietly banned crypto mining from its online services in order to better protect its customers and clouds, British technology news agency The Register reported on Dec. 15. The company introduced the new restrictions as part of its universal license terms of Microsoft Online Services. Microsoft updated its acceptable use policy on Dec. 1 to clarify that “mining cryptocurrency is prohibited without prior Microsoft approval.” In…
The latest Tesla shares sale by Elon Musk has been tipped to feature Twitter and the need for the billionaire investor to meet some credit obligations with which he financed the acquisition of the social media platform. Elon Musk, the iconic Chief Executive Officer (CEO) of American electric automaker, Tesla Inc (NASDAQ: TSLA) has sold off another 20 million shares of the company with the accrued funds coming in at over $3.5 billion. The sales of Tesla shares were revealed via a regulatory filing lodged with the United States Securities…
A quant has explained how this bearish divergence in Bitcoin on-chain data can lead to a short-term correction in the price. Bitcoin Short-Term Holder SOPR Has Been Slowing Down Despite Price Going Up As explained by an analyst in a CryptoQuant post, a gap has been forming in the purchasing power of short-term holders and the BTC price. The relevant indicator here is the “Spent Output Profit Ratio” (SOPR), which tells us whether investors in the Bitcoin market are selling their coins at a profit or at a loss right…
“At the time Binance’s Proof of Reserves report was conducted, CryptoQuant’s estimate of Binance’s BTC reserves (liabilities) was 591,939 BTC. This compares to the PoR report’s Customer Liability Report Balance of 597,602 BTC. We can see that CryptoQuant data covered 99% of Binance’s liabilities,” CryptoQuant wrote, using the ticker symbol for bitcoin. Collateralization is 101% when taking the exchange’s assets and debtors into account, it said. Source
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