Day: November 15, 2023

Uniswap Rolls Out Android Version of Crypto Wallet

Uniswap wallet first launched on the Apple’ App store in April. Uniswap has responded to the high demand for its crypto wallet from Android users by rolling out a version tailored to their devices. This follows shortly after its beta launch last month. Now, all Uniswap users, including those who use Android, may carry out cross-chain token swaps at will. But there is a little restriction. So far, Uniswap has only integrated a few networks including Arbitrum, Polygon, Base, Optimism, and BNB Chain. However, there are plans to add more…

US CPI Unexpectedly Remained Flat in October, Bitcoin Gained 1% in 7 Days

October CPI Figures released by the Labor Department show that inflation is slowing in the US, even though rate hikes may not be over. The Consumer Price Index (CPI) remained flat in October, better than economists’ expectations that the CPI would rise by 0.1%. Core CPI also came in lower than expected at 0.2%, over the 0.3% expected. The CPI measures a range of goods and services commonly used in an economy. However, core CPI does not include food and energy costs. These figures show a slight improvement in US…

Bitcoin Macro Index Enters ‘Expansion’, Echoing 400% Bull Run

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In a detailed market update, Charles Edwards, founder of Capriole Investment, has provided an in-depth analysis of Bitcoin’s current market position, highlighting a pivotal shift to an ‘expansion’ phase in the Bitcoin Macro Index. This transition is particularly noteworthy as it parallels conditions observed prior to historical price surges in Bitcoin’s valuation. Bitcoin has recently experienced a sharp uptick, ascending from $34,000 to an interim high of $38,000. After a brief period of resistance, the price corrected to approximately $36,500. Edwards highlights this movement as a critical technical victory, with…

Stock Market Surges on Inflation Optimism: Wall Street Celebrates

Following the release of the CPI report, Fed-funds futures pricing data indicated that rates are likely to remain steady at the next Federal Reserve policy meeting. In a remarkable turn of events, the stock market rallied strongly on Tuesday, adding to their impressive November gains. The surge was fueled by the positive reaction to new US inflation data, which raised hopes that the Federal Reserve’s rate-hiking campaign would soon end. Tuesday’s Stock Market Rally Specifically, the Dow Jones Industrial Average (INDEXDJX: .DJI) rose 1.43% to 34,827.70, gaining 489.83 points. Simultaneously,…

OKX joins Komainu and CoinShares for institutional segregated asset trading

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Crypto exchange OKX has partnered with custody provider Komainu and asset manager CoinShares to facilitate round-the-clock trading of segregated assets to push institutional adoption of digital assets forward. According to OKX, CoinShares will trade on the OKX exchange, while Komainu, a third-party custody provider, holds the collateral assets. This is done to mitigate counterparty risks, such as the other party failing to fulfill its part of the deal in a trading transaction. According to Sebastian Widmann, head of strategy at Komainu, this is a necessary step to attract institutions to…

Crypto Giant OKX Goes Live With Off-Exchange Derivatives Trading

“We’ve taken a collateral mirroring agreement and embedded that so we can trade the full suite of OKX products in the derivatives platform,” said Fellas in an interview. “This is a lot more complicated, because you’ve got margin financing, you have to deal with risk mitigation on the downside, for instance; so if the client puts on a huge position and it goes down, how do you deal with collateral calls, etc.” Source

JPM Coin Poised For $10 Billion Daily Transaction Boom

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JPMorgan Chase & Co. anticipates that its digital currency, JPM Coin, will facilitate daily transactions amounting to $10 billion in the coming year. Umar Farooq, the Global Head of Financial Institution Payments at the bank, revealed this projection during an interview with Bloomberg held at the Singapore FinTech Festival. Farooq’s insights shed light on the ambitious expectations the financial institution has for the widespread adoption and utilization of JPM Coin as a means of conducting transactions in the digital financial landscape. Takis Georgakopoulos, the Global Head of Payments at JPMorgan…

OpenSea users targeted in phishing scam disguised as official NFT offers

In a Nov. 14 post on X from WuBlockchain, it was confirmed that several community users had reported they received phishing emails from an “Opensea official.” As part of these emails, users were being offered NFTs. Plenty of phish in the sea Recently, a large number of community users have reported that they have recently received phishing emails disguised as Opensea official, with content such as NFT Offers. OpenSea has stated before that user emails and even developer API keys may be leaked because the supplier is… pic.twitter.com/koVH9o6OKG — Wu…