Day: November 9, 2023

What’s Behind The Bitcoin Price Rally, New Role As CEO, And Adoption

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A year ago, our team sat down with Paolo Ardoino, CTO at crypto exchange Bitfinex, to talk about the Bitcoin price and the events that, for many, triggered the long crypto winter: the FTX collapse, and the downfall of major companies in the space. Now, we sat down with Ardoino once again to talk about the underlying reasons fueling the current Bitcoin price rally, Bitfinex’s partnership with El Salvador, their ambition for the long term, and his new position as CEO at Tether, the company behind stablecoin USDT. Ardoino draw…

BlackRock iShares Ethereum Trust registered in Delaware

BlackRock has apparently registered an Ethereum trust in the state of Delaware, which is possibly a first step toward an Ether (ETH) spot exchange-traded fund (ETF).  BlackRock registered an analogical Bitcoin (BTC) trust in June, shortly before filing with the United States Securities and Exchange Commission (SEC) for a Bitcoin ETF.  The entity has been registered by the state’s Division of Corporations with a formation date of Nov. 9. The agent registered is Daniel Schweiger at the address of BlackRock in Wilmington, DE. According to LinkedIn, Schwieger is a BlackRock…

Ethereum Price Cracks Above $2,000 As BlackRock Eyes ETH ETF

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Move over Bitcoin ETF, it is time for Ethereum to take the center stage. $9 trillion asset manager BlackRock has revealed its intention to to launch a spot Ethereum ETF, and it already sent the price per ETH above $2,000. Ethereum ETF News From BlackRock Prompts Break Above $2,000 Ethereum sentiment has recently been in the gutter, but breaking news today has instantly revived the top altcoin and caused its price to surge higher. That news was none other than BlackRock announcing its intention to file for a spot ETH…

Is it Time for a Blockchain-Based Stock Exchange?

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In recent news, South Korea has implemented a complete ban on short selling, a move that has sparked debates about its implications and motivations. The head of the Financial Supervisory Service (FSS), Lee Bok-hyun, defends the decision, citing rampant illegal short selling in the stock market. While the ban is portrayed as a necessary step to combat financial misconduct, it raises questions about its impact and whether other countries should follow suit. Dedicated Forex cloud solutions with stable and fast cross-border connections capable of high-demand scenarios. Alibaba Cloud helps Forex…

Cryptocurrency charities can exploit the ‘gambler’s fallacy’ to reap larger donations — study

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A team of academic researchers from the U.S. recently published a study exploring how the “gambler’s fallacy” affected cryptocurrency donations. Their findings indicate that organizations accepting crypto donations could benefit from timing the market.  Essentially, the team’s work explores the idea that people generally misinterpret certain pattern signals when it comes to finance. Charities that understand the penchant for crypto holders to hold or move assets based on perceived market conditions may be able to optimize their strategies to reap larger donations. Per the paper: “Our findings support actionable recommendations…

Can Stablecoins Get Past Their Instability?

Stablecoins, cryptocurrencies designed to hold a stable value through a peg to an underlying asset, such as the U.S. dollar, have gained popularity for their potential to provide the flexibility of cryptocurrency without its price volatility. Their design — whether fiat-backed, as most are, or algorithmic (i.e. backed by other assets or cryptocurrencies) — is meant to offer users a refuge from the price gyrations of traditional cryptocurrencies like bitcoin (BTC) and ether (ETH). Source

RocketFuel and Ripple Join Forces to Revolutionize Cross-border Settlements

Some of the products that would utilize Ripple Payments are RocketFuel Pay-In Commerce, RocketFuel Mass Pay-Out and RocketFuel Cross border B2B. Cryptocurrency payment company Ripple Labs has bagged a strategic partnership with RocketFuel, a global crypto payment solutions provider. Ripple and RocketFuel: The Benefits Based on the terms of their agreement, RocketFuel, recognized for its comprehensive range of payment solutions including ACH bank transfers, Bitcoin (BTC), and other cryptocurrencies, will adopt the fintech firm’s new blockchain-based payment corridor dubbed Ripple Payments into its already existing suite of payment products. The…

Dogecoin Whales Have Injected $2 Billion Into DOGE

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Dogecoin finally broke over $0.76 in the last 24 hours after a week of range trading and has emerged as a formidable performer in the past month. The crypto has seen gains of 25.9% in a 30-day timeframe, but the rally may be far from over. DOGE whales have been working tirelessly behind the scenes to put the meme coin on the map, increasing their holdings by a substantial amount in the past month. On-chain data has revealed that large DOGE addresses have added more than $2 billion in DOGE…