Options are derivatives that give the purchaser the right to buy or sell the underlying at a pre-determined price at a later date. Quarterly options settlements are closely watched by traders. Source
The couple purchased 4 real estate properties and also sent 4 million AUD to Malaysian bank. Melbourne-based couple who accidentally got $10.5 million shall be facing a plea trial in October amid theft charges for spending all the funds that were mistakenly sent by Crypto.com. In May 2021, Thevamanogari Manivel initiated a fund transfer to her partner Jatinder Singh’s Crypto.com account. However, the exchange identified a discrepancy between the bank account and the exchange account. As a result, a refund was initiated, but instead of returning the intended 100 AU$…
Within the newly announced collaboration, Amazon will invest as much as $4 billion into Anthropic, with AWS becoming Anthropic’s primary cloud provider for mission-critical workloads. American e-commerce giant Amazon.com Inc (NASDAQ: AMZN) has announced a strategic partnership with San Fransisco-based AI safety and research startup Anthropic. Within the deal, Amazon and Anthropic will work on developing advanced generative AI models that are safer, better-performing, and more reliable. Amazon Web Services (AWS) Trainium and Inferentia chips will be employed by Anthropic to train and deploy its AI models. In addition, AWS…
In recent discussions surrounding Bitcoin (BTC) and its potential future price trajectory, crypto-enthusiasts and analysts alike are finding new correlations to dissect. Most notably, a correlation with the EURUSD pair (the euro against the US dollar) has come into the spotlight due to a Twitter thread by esteemed analyst Josh Olszewicz. Olszewicz begins by setting the stage, drawing attention to the widely acknowledged inverse correlation between Bitcoin and the DXY (US Dollar Index). He notes, “Most are aware of the strong historic BTC-DXY inverse correlation. DXY is a USD index…
Central Banks around the world are grappling with the difficult task of managing excessive inflation while maintaining economic development. In recent times, Central Banks in the European Union (EU) are facing a triple dilemma that demands delicate balancing acts and strategic decisions following persistent high inflation that is threatening to cripple the economy. The Triple Dilemma Carsten Brzeski, the Global Head of Macro at Dutch bank ING, succinctly sums up the challenge facing European Central Banks in a recent report stating, “All Central Banks are coping with the same triple…
The development aligns with Coinbase’s goals of expanding its business across Europe. The Bank of Spain has approved for American crypto exchange Coinbase to begin offering its range of services to retail and institutional investors within the country. This follows after it found the exchange to have duly registered and in full compliance with the existing Anti-Money Laundering (AML) laws of the state. Recall that in October 2021, the Bank of Spain issued guidance to crypto firms that will help them obtain AML compliance in the country. The guidance asked…
According to Arkham, Coinbase owns about 5% of all Bitcoin currently in existence, nearly as much as BTC creator Satoshi Nakamoto’s holdings. Blockchain analysis and intelligence platform Arkham Intelligence has announced that major crypto exchange Coinbase holds $25 billion worth of Bitcoin in its reserves, which amounts to about 1 million Bitcoin. According to an Arkham post, the amount of Bitcoin held in Coinbase reserves makes the giant exchange ”the largest Bitcoin entity in the world”. The post also adds that the Bitcoin in Coinbase’s coffers is nearly 5% of all Bitcoin…
Algorithmic stablecoins like USTC are backed by a basket of assets, such as LUNA and bitcoin (BTC), without depending on any centralized third party to hold those assets. Most of the tokens, however, fall victim to a “death spiral” – with outflows or sales of backing assets causing a sudden de-pegging of USTC-like projects. Source
Popular blockchain investigator says the firm’s leaked report shows “highly questionable services.” Blockchain sleuth ZachXBT called out Gotbit, a crypto market maker, for offering dubious services as the list of the firm’s services became public. In an X post on Sunday, Sept. 24, ZachXBT posted a screenshot of Gotbit’s services, which the firm is ready to offer to its clients. I would be weary of any projects you see working with the market maker @gotbit_io as a leaked report shows highly questionable services offered. Gotbit claims: “During the first minutes…
Gucci held the Ancora Fashion show late last week with a new creative director Sabato De Sarno at the heart of the designs. Gucci, a fashion behemoth and subsidiary to Kering SA (Paris: KER), made a strategic digital move to widen its global reach through the fast-growing metaverse industry. Having held the Gucci Ancora Fashion show last Friday, the company now intends to display its products to more audiences through metaverses created by Roblox, ZEPETO, and China’s QQ. As a result, the fine fashion display by creative director Sabato De…