Day: December 5, 2023

Crypto Institutional Inflows Balloon To 2021 Levels

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Crypto investment products have experienced another week of inflows, bringing the run to 10 consecutive weeks. According to CoinShares’ latest report on digital asset investment funds, inflows into crypto products totaled $176 million last week, bringing the total inflow in 10 weeks to $1.76 billion. The timing is not a coincidence, as most cryptocurrencies turned green again last week in terms of price action. Total Crypto Inflows Hit $1.76 Billion In 10 Weeks After a lackluster action for most of the year and some weeks of net outflows, the most recent…

Crypto Mining Firm Phoenix Shares Soar 50% after Going Public in Abu Dhabi

The Phoenix public offering comes when the appetite for IPOs in the Persian Gulf region has increased in the past two years due to a number of factors. Shares of cryptocurrency mining company Phoenix Group soared 50% on Tuesday following the company’s public debut in Abu Dhabi, Bloomberg reported. According to the article, the company’s stock opened at 2.25 dirhams, showing a significant increase from the 1.50 dirhams it sold during the initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX) under the trading symbol PHX on November…

Crypto industry ready for bull run with $100k Bitcoin predicted in 2024

Crypto industry executives have announced the start of a new bull run, with more voices calling for new all-time highs for Bitcoin (BTC) in 2024 above $100,000. Speaking to CNBC, Pascal Gauthier, CEO of Ledger, noted that 2023 was a year of preparation for the growth ahead. He said the sentiment for 2024 and 2025 is “very encouraging.” “I think that once you get the speculative phase out of the way, which I think we’re almost done with, probably not yet completely done, then you can get real builders focusing…

Taiwan will review global trends before deciding on crypto ETFs

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Taiwan’s principal financial regulator, the Financial Supervisory Commission (FSC), is considering allowing crypto exchange-traded funds (ETFs) in the country, but only after analyzing the product’s development in other markets worldwide. At the moment, the FSC considers itself to be “in the exploratory phase.”  According to a Dec. 5 report in the Taiwanese newspaper, the Commercial Times, the FSC is closely watching developments in the United States, where the Securities and Exchange Commission will review spot Bitcoin (BTC) ETFs in January. It also monitors developments in Canada and Australia, where local…

How data protection law can prevent harm in the housing sector

A blog by Helen Raftery, Head of Data Protection Complaints   Housing organisations require personal data to provide services and support to their residents – this could be anything from contact details to medical records. Anyone who processes personal data has a responsibility to protect it under data protection law. Failure to do so in this sector can put residents at risk, which could have serious consequences such as distress, discrimination, identity theft, or physical harm. We have received a number of complaints from residents who have been failed…

1.7 Million Addresses Hit 2-Year High

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Several on-chain metrtics demonstrate the growing optimism about Cardano (ADA). Concurrently, the cryptocurrency has managed to break through a significant resistance level against the backdrop of a bullish market attitude. Not only is Cardano seeing a boost in momentum, but top altcoins are also feeling the effects. Strong positions held by Bitcoin and Ethereum above $40,000 and $2,200, respectively, add to the overall favorable market dynamics. Cardano Network Transactions Rise Cardano has been steadily rising, and expert cryptocurrency trader Ali Martinez pointed out that the cryptocurrency’s consolidation in the middle…

BlackRock received $100K seed funds for Bitcoin ETF — SEC filing

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The world’s largest asset manager, BlackRock, received $100,000 in seed funding from an unknown investor for its spot Bitcoin (BTC) exchange-traded fund (ETF) in October 2023, according to its latest United States Securities and Exchange Commission (SEC) filing. The SEC filing revealed that the investor agreed to purchase $100,000 in shares on October 27, 2023, in exchange for 4,000 shares at $25.00 per share price. The seed funding allows an ETF to fund the creation of underlying shares that can be offered and traded in the open market. The latest filing…

Societe Generale Issues First Digital Green Token on Ethereum Mainnet Network

Investors of the digital green bond now have the option of settling the transaction through on-chain EUR CoinVertible, a digital asset that was issued by SG-FORGE earlier this year. Leading multinational financial services provider based in Paris Societe Generale SA (EPA: GLE) has announced the launch of its first digital green bond that is issued on blockchain technology. According to the announcement, the security token has been directly registered by SG-FORGE on the Ethereum (ETH) network. To kickstart the private funding through the blockchain security bonds, Societe Generale announced that…

banking platform with crypto payments

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin was launched about fifteen years ago, aiming to revolutionize finance. However, most businesses are still yet to fully embrace crypto payments. Admittedly, there are billion-dollar crypto service platforms which are remarkable stories in their own right. However, integration of regular businesses and blockchain services is still a work in progress. This gap is what Banxe seeks to fill. Exploring Banxe Banxe re-imagines banking in the crypto era.  From the…