“Our futures position proxy based on CME bitcoin futures, which tends to be used mostly by institutional investors, has spiked over the past week rising not only to the highest level for this year but also to levels last seen in August 2022 before the FTX collapse,” the analysts wrote, referring to the Chicago Mercantile Exchange. Source
As many as 1,300 employees are working under Shell’s Low Carbon Solutions (LCS) division. A total of 90,000 people are employed by Shell Group in 70 countries. Massive layoffs taking place in the tech industry in 2022 and 2023 have extended to other fields. Recently, oil and gas giant Royal Dutch Shell PLC (NYSE: SHEL), commonly known as Shell, announced its plan to lay off 200 employees in its sustainable energy division. In 2024, the company will not only cut 15% of the unit’s headcount but also review another 130 roles. According to the company,…
XRP is currently up over 14% in the last seven days, and some might argue that the altcoin is simply enjoying the euphoria of a possible Spot Bitcoin ETF approval, which has seen the crypto market resurge. However, there are other developments that the XRP community might need to be aware of, as they could cause the crypto token to continue to rally. Ripple To See More Liquidity With Latest Collaboration Blockchain company Ripple recently announced that it had partnered with Web3 financial platform Uphold. As part of the partnership…
The bullish pattern comes months ahead of bitcoin’s fourth mining reward halving. Source
The UDPN’s transaction nodes are where the magic happens, being connected to currency systems and currency pools,” Schacher said in an interview. “The way to envision it is each currency needs a transaction of its own, so to speak. This could be central banks in the future, owning transactions and operating CBDCs, or other financial institutions, or any other organization that is handling digital currencies, bringing it all into a regulated environment.” Source
Bitcoin (BTC) is on track to hit $45,000 in November as part of a classic BTC price cycle, popular analyst CryptoCon said. In an X thread on Oct. 25, the Bitcoin price model creator turned his attention to one based on Fibonacci retracement levels. Analyst: $45,000 next month is “possible” for Bitcoin Bitcoin reaching 17-month highs this week has many market participants expecting a pullback, but CryptoCon believes that plenty of upside potential remains. Comparing current BTC price behavior to previous cycles, he showed that there is still room for…
The debtor group in control of FTX assets has conducted various on-chain transactions in the past few weeks. Source
Hashdex’s proposed ETF stands out from existing cryptocurrency-related ETFs due to its unique approach, which is the purchase of physical Bitcoin. Brazilian crypto asset manager, Hashdex recently held extensive discussions with the Securities and Exchange Commission (SEC) regarding its proposal to launch an Exchange-Traded Fund (ETF) designed to purchase physical Bitcoin (BTC). Hashdex Offers Strong Argument to Support ETF Pursuit Nate Geraci, co-founder of The ETF Institute and the host of the ETF Prime Podcast, has recently shared his insights on the ongoing dialogue between Hashdex and the SEC, shedding…
This collaboration would facilitate a seamless and secure data and service exchange across the global trade ecosystem. Vodafone, Chainlink, Sumitomo, and InnoWave have teamed up to revolutionize the global trade process, using blockchain technology. The companies demonstrated a proof of concept (PoC) with Web3 services at the SmartCon 2023 conference in Barcelona, Spain. Nature of the Proof of Concept Per the announcement, the PoC used Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to aid the transfer of the trade documents. Additionally, Vodafone’s Digital Asset Broker (DAB) provided security and interoperability across IoT…
Pro-Ripple lawyer John Deaton has said he expects a lengthy legal process for the Securities Exchange Commission (SEC) v Ripple case, possibly lasting a year. Deaton suggests that a settlement may only be considered if Coinbase’s motion to dismiss (MTD) the SEC’s case against it is successful. In a detailed post on X (formerly known as Twitter), Deaton discussed the lack of serious settlement talks between Ripple, its executives and the SEC. He mentioned the SEC’s desire for a $770 million penalty and explained the complexities of the penalty phase…