Day: December 11, 2023

How To Take A Long And Short Position In Crypto

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In crypto trading, mastering a long and short position is crucial for success. This guide dives into the essentials like “what is a short position” and “what is covering shorts” as well as strategies for both long & short crypto trading, tailored for traders at all levels. Uncover the strategies behind long positions, aimed at growth and value appreciation, and delve into the subtleties of “going short.” The Basics Of Long/Short Position Crypto Trading Before diving into the specific strategies of long and short crypto trading, it’s essential to grasp…

Yuga Labs co-founder addresses come-back rumors amid ongoing health break

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Nonfungible token (NFT) entrepreneur Wylie Aronow has confirmed he isn’t ready to return to Yuga Labs, the NFT firm he co-founded, despite making “steady progress” with his health. “I’m not ready to come back to even part-time work. I have to ensure I’m around for a long time, for those who need me,” Aronow said on Dec. 11 in addressing rumors of a potential return. “My point is, while I’m making steady progress with my health, there’s still some pretty wild swings, and this is a marathon for me.” Aronow…

Google To Loosen Restrictions on Crypto Ads, Will Allow Promotion of ‘Cryptocurrency Coin Trusts’

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Google has announced it’s updating its policy on allowing advertisements related to cryptocurrencies worldwide. According to a new update from the company, the search giant will update its policy on crypto in January 2024 to address the advertising rules for what it calls Cryptocurrency Coin Trusts. According to the announcement, US advertisers will be able to promote Cryptocurrency Coin Trusts through Google ads if they meet the criteria and receive Google certification. According to Google, Cryptocurrency Coin Trusts are investment vehicles that allow investors to trade shares in trusts that…

Bitcoin Vulnerability Discovered By A Developer Has Been Flagged By The US Government

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  Last week, a Bitcoin developer Luke Dashjr raised alarm about a possible vulnerability in the network in relation to the Bitcoin Ordinals that could lead to a code exploit. After posting his findings to social media, Dashjr’s warnings were not taken seriously as community members believed it was a non-issue. However, the US government seems to be taking the vulnerability seriously, adding it to its vulnerability database. Dashjr’s Finds Vulnerability In Bitcoin Network Dashjr had first raised alarm about the bug in the Bitcoin network on December 6 through…

More US senators back Elizabeth Warren’s AML bill targeting crypto

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Massachusetts Senator Elizabeth Warren, an outspoken critic of digital assets in the United States government, has announced that five more senators have agreed to cosponsor one of her bills aimed at cracking down on money laundering. In a Dec. 11 announcement, Sen. Warren said Senators Raphael Warnock, Laphonza Butler, Chris Van Hollen, John Hickenlooper and Ben Ray Luján had backed her Digital Asset Anti-Money Laundering Act, reintroduced in July. According to Warren, the legislation specifically targeted illicit uses of crypto assets for money laundering and financing terrorism. “I’m glad that…

Galaxy Digital CEO Expresses Bullish Sentiment On XRP

Galaxy Digital Chief Executive Officer Mike Novogratz has shared his recent optimistic view on XRP, its army, and Ripple, asserting that he was wrong about his earlier skepticism towards them. Related Reading: Analyst Places XRP As The Top Coin For The 2024-2025 Bull Run Mike Novogratz’s Recent View On XRP And Ripple The Galaxy CEO revealed his optimism about the XRP token in a recent podcast known as Real Vision on Sunday. He previously doubted the token’s potential because he believed it would not last in the crypto market.  Novogratz…

Bitcoin price sell-off continues, but data highlights need for healthy correction

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Bitcoin price is down 5% over the last 24 hours to trade at $41,645 on Dec. 11. Despite the sharp price correction, technical indicators and on-chain data show that Bitcoin (BTC) still displays strength as bulls strive to push the price back above $44,000. On-chain data shows Bitcoin price “over-extended” Bitcoin dropped as much as 7.2%, falling to $40,300 on Coinbase, triggering a conversation among analysts. Julio Moreno, head of research at on-chain analytics firm CryptoQuant, said that the flagship cryptocurrency’s price was “overheating after the recent rally above” the…

Japan’s SBI looks to Saudi Aramco as it continues Middle East expansion

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Japan’s SBI Holdings financial services firm and Saudi Arabian state-owned oil company Saudi Aramco are considering teaming up on digital asset investment and semiconductor production projects. The sides signed a memorandum of understanding (MoU) on cooperation that includes the establishment of SBI Middle East in Riyadh as a base for operations in that region.  According to the MoU, signed Dec. 7, SBI and Saudi Aramco will consider collaborating in the field of digital assets and co-investing in their digital asset portfolios. They may identify Japanese digital asset startups that could…