CryptoX – Cryptocurrency Analysis and News Portal Poor market sentiment and an extreme lack of volatility were the likely culprits behind the declines. Original Source The post CME Crypto Trading Volume Slumped to Two-Year Low in December appeared first on CryptoX. CryptoX Portal
Day: January 5, 2023
BlackRock Adds Bitcoin to Global Allocation Fund
BlackRock is now providing Bitcoin exposure to the ordinary and passive investors of its Global Allocation Fund. Globally-renowned asset manager BlackRock (NYSE: BLK) has added Bitcoin (BTC) to its global allocation fund. Reports state that ordinary and passive investors can now gain BTC exposure via the BlackRock Global Allocation Fund. The highly coveted fund invests globally in both corporate and government-issued equity, debt, and short-term securities. BlackRock’s Global Allocation Fund executes these investments without any prescribed limits. In addition, the fund looks to invest no less than 70% of its total assets…
Unreported Transactions Linked to Disgraced FTX Co-Founder Revealed by Onchain Investigation – Bitcoin News
According to onchain research, wallets connected to Sam Bankman-Fried, the disgraced co-founder of FTX, transferred a significant number of previously unreported transactions across various blockchains. The transfers were discovered by Conor Grogan, a director at Coinbase, and while most of the transactions took place on Dec. 28, there was some recent activity in the first few days of the new year. Onchain Discoveries Uncover Suspected Unreported Transactions Associated With SBF, FTX, and Alameda Roughly a week ago on Dec. 28, 2022, onchain investigators discovered that a number of funds linked…
Crypto Lender Genesis Lays Off 30% More of Its Staff
“As we continue to navigate unprecedented industry challenges, Genesis has made the difficult decision to reduce our headcount globally,” a Genesis spokesperson said in a statement. “These measures are part of our ongoing efforts to move our business forward. We sincerely appreciate the hard work of our talented and dedicated team as we continue to work to identify the best outcome for Genesis’s business, clients and employees for the long-term.” Source
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MATIC Holders Suffer Massive Losses, Here’s How Many Wallets Are In The Red
MATIC’s price looks to be holding up quite well in the market given current circumstances, but given how much the crypto’s price has fallen from its 2021 all-time high price, the vast majority of its holders are still nursing losses from their investments. 80% Of MATIC Investors Suffer Losses Data from the on-chain analysis platform IntoTheBlock shows that 80% of MATIC investors are seeing losses at current prices. These analyses take into account the price at which the tokens were moved into a wallet and compare that against the price…
DOGE, SHIB Surge to Multi-Week Highs on Thursday – Market Updates Bitcoin News
Dogecoin raced to a multi-week high on Jan. 5, as meme coins rose higher following recent days of consolidation. The coin climbed for a second straight session on Thursday, which comes ahead of Friday’s U.S. nonfarm payrolls numbers. Shiba inu was also in the green, after today’s gains. Dogecoin (DOGE) Dogecoin (DOGE) rose for a second straight session on Thursday, as the meme coin moved away from a recent spell of consolidation. Following a low of $0.07181 on Wednesday, DOGE/USD climbed to an intraday peak of $0.07503 earlier today. The…
Crypto in 2023 — Do bulls have a chance? Watch Market Talks on Cointelegraph
On this week’s episode of Market Talks, Cointelegraph welcomes Mohit Sorout, co-founder of Bitazu Capital, a proprietary algorithmic trading and investment management platform. This week, to kick things off, we get to know a little bit about Sorout, his background in finance and trading. We also dive into his skillset, trading style and unique approach to the crypto markets. We get his view on the current Bitcoin (BTC) market sentiment and price action. Is Bitcoin finally shifting toward a bullish trend? Volatility has been low across the board as things have been…
Three Arrows Capital founders subpoenaed on Twitter
Three Arrows Capital (3AC) founders Zhu Su and Kyle Davies were subpoenaed on Twitter on Jan. 5, after the liquidators granted permission from Singapore authorities following a United States bankruptcy court order, according to information given to Cointelegraph by advisory firm Teneo. In the case of Davies, the Southern District of New York Bankruptcy Court granted the subpoena order as he is a U.S. citizen, while the Singapore courts granted the order to both co-founders, explained a spokesperson from Teneo. As reported by Cointelegraph, liquidators’ lawyers have repeatedly failed to…
Bitcoin Miner Marathon Digital Pays Off Silvergate Revolving Credit
Marathon’s plan initially, said Schumacher, had been to draw on the term loan to pay down the credit line, but the FTX collapse and resulting market uncertainty forced a rethink, with the company instead deciding it a better idea to deleverage its balance sheet. Original