Day: January 12, 2023

Samsung Investment Arm to Launch Bitcoin Futures ETF in Hong Kong

When the ETF goes live, it will offer diversification and a means for investors to meet their demands. Samsung Asset Management, the investment arm of the financial services giant, has announced its plans to launch a Bitcoin Exchange Traded Fund (ETF) product, giving investors a new way to gain exposure to the digital currency. As reported by Cointelegraph, the proposed product, dubbed the “Samsung Bitcoin Futures Active ETF” is billed to float on January 13 and will be trading on the Hong Kong Stock Exchange. The proposed product will offer…

Jack Ma surrenders control of fintech giant Ant Group

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Chinese billionaire and Alibaba founder, Jack Ma, will no longer control the fintech giant Ant Group as part of recent changes to the company’s corporate structure. Ant Group officially announced that Ma has agreed to give up control of Ant Group as part of the company’s further corporate governance optimization and restructuring. Before the change, Ma was the control person in Ant, exercising control over the company through related entities in addition to his 10% stake in Ant. Once the restructuring process is complete, no single shareholder will have control…

Two Advisor Credentialing Organizations Have Their Say on Crypto

“To puncture the hype, investors must think through what is actual, what is potential and what is merely aspirational,” said Stephen Deane, senior director, capital markets policy at the CFA Institute, in a statement. “They should also distinguish between the underlying distributed ledger technology, which could well prove disruptive, and the business prospects for the thousands of individual crypto assets on the market today and more to come. We at CFA Institute firmly believe that there are no shortcuts to sound investing.” Source

Europe Economy to Take Spotlight in 2023, Not US

Economic strategists predict that the economy of Europe is in a better position to outperform its US counterpart in 2023. Several analysts believe that the US economy and stocks could face a challenging 2023 run, even trailing Europe in the process. For instance, Deutsche Bank’s chief investment officer (CIO) for EMEA, Zeynep Ozturk-Unlu, predicted that Europe would outperform the US in economic growth and capital markets this year. Ozturk-Unlu added that contraction and recession fears could accelerate more in America than in the eurozone. US Economy Could Trail Europe in…

Bitcoin Dips With Stocks After US Report of 6.5% CPI Inflation

Bitcoin has risen from about $16,500 to begin 2023 to a one-month high of $18,250 earlier Thursday. While part of the advance was likely due to nothing more than some investor bottom-fishing after the crypto’s ugly 2022 run, at least some of the gains were thanks to optimism the Fed monetary tightening cycle could close at some point in early to mid 2023. Source

BTC Above $18,000, ETH Hits 2-Month High – Market Updates Bitcoin News

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Bitcoin rose to a four-week high on Thursday, as price surged above $18,000 hours before the upcoming U.S. inflation report. This comes as many expect today’s figures to show a considerable drop in consumer prices. Ethereum also moved higher, climbing above $1,400 in the process. Bitcoin Bitcoin (BTC) surged above $18,000 on Thursday, as markets prepared for a further drop in U.S. consumer prices. BTC/USD raced to an intraday high of $18,268.55 earlier in today’s session, less than 24 hours after trading at a low of $17,337.99. Today’s move saw…

Troubled Crypto Lender Genesis Owes Creditors Over $3B: FT

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Crypto Markets Primed for Soft CPI

More than $200 million in shorts (bets against price rises) have been liquidated in the last 24 hours as the major cryptocurrencies rallied. Bitcoin broke above $18,000, and ether rose over $1,400. Other coins like XRP and solana rose as much as 20%. The liquidations are in addition to those of more than $150 million earlier this week. Such levels haven’t been seen since October, data from Coinglass shows. Some analysts, however, believe the rally exemplifies indecisiveness among crypto traders, as BTC and ETH are trading with a consolidation pattern,…

PR advice that crypto founders wish they’d heard sooner

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Something I’ve noticed throughout my years as a PR consultant for dozens of crypto projects is that all founders want good PR, but few understand what it looks like. Founders and CEOs come to PR firms in the hopes that they will shape their image in the press, and about halfway through the engagement together, they tend to say, “Wow, I really see the value of this now. I understand how this works.” And that’s great. The value of effective public relations is priceless, regardless of whether the client understands…