According to Ardern, investors had bought BTC put options, or bearish bets, in the lead-up to the CPI release, which means market makers sold puts and sold bitcoin in the spot/futures market to hedge against the risk of price slide. So, after prices began to rise post-CPI, market makers had to buy back the bitcoin sold. Source
Showing an interest in cryptocurrencies might be the key to attracting a romantic partner, according to a Valentine’s Day survey conducted by Binance. The cryptocurrency exchange carried out a global survey in the lead-up to the annual romantic holiday, with 2,600 participants weighing in on the importance of an interest in crypto in potential partners. If the data is to be believed, having an avid interest in the space could be an important factor in a relationship with like-minded partners. The open survey posed nine questions to participants focused on…
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South Korea’s second-largest city, Busan, is making efforts to become a crypto hub. Busan has been designated by the Korean government as a “super-aged” city, and its officials believe that crypto could help turn things around by attracting young people, tech startups, and investors. South Korean City Wants to Become a Crypto Hub The second-largest city in South Korea, Busan, is making efforts to position itself as a crypto hub, Bloomberg reported Monday. The port city is facing demographic challenges as it has been designated as a “super-aged” city by…
After a visit to El Salvador, the International Monetary Fund (IMF) suggested the country reconsider its plans to increase exposure to Bitcoin (BTC). The community responded to the IMF’s suggestion with various messages calling out the organization. From dismissing the IMF’s suggestion as a simple case of spreading fear, uncertainty and doubt, or “FUD,” to interpreting it as a strong bullish signal for BTC, various crypto community members went to social media to express their sentiments on the IMF’s efforts to discourage El Salvador’s plans for Bitcoin. In a tweet,…
“The BCBS standard is not yet legally binding pending its transposition in the European Union,” said a newsletter from the ECB, which is responsible for directly supervising the largest banks in the currency bloc. “However, should banks wish to engage in this market, they are expected to comply with the standard and take it into account in their business and capital planning.” Original
“Unstaking by Kraken could result in a minimum of 350K up to a maximum of 1.145m additional ETH that could potentially circulate in the market when the staked ETH withdrawals are enabled in the Shanghai Fork,” wrote David Duong, head of institutional research. The Shanghai Fork will allow ether that has been staked, and is currently locked, to be withdrawn for the first time. Source
Top US crypto exchange Coinbase has rolled out support for a brand-new, Ethereum (ETH)-based non-fungible token (NFT) marketplace project. Blur (BLUR) went live on the exchange on Tuesday, the same day as the new token’s airdrop. Blur launched its NFT marketplace four months ago and has processed over $1.4 billion in gross merchandise volume. Users who traded NFTs on Blur or created collections that traded on the exchange have 60 days to claim their BLUR tokens from the airdrop, according to the project’s Twitter account. BLUR is trading around $0.82…
As reported by a local publication on Feb. 15, Korean financial authorities are looking into the staking services market. However, as the unnamed official specified to the journalists: The fears of the crypto community about the possible repercussions of the recent court deal between the United States Securities and Exchange Commission (SEC) and Kraken are starting to materialize. Following their American counterparts, South Korean regulators intend to examine the crypto-staking operators in the country. “The position is that there is nothing to be a problem because nothing has been done.”…
This is the first successful restructuring of a Australian cryptocurrency exchange, according to Michael Bacina, digital asset specialist and partner at Piper Alderman. “Digital assets face challenging legal issues, and it took the hard work of knowledgeable specialists to get here. The deal is a testament to the goodwill seen throughout the blockchain community in Australia,” Bacina added. Source