“Users will be able to securely hold savings in euro without the need for a traditional bank account, offering a powerful tool for those looking to safeguard against local currency volatility or devaluation risks that afflict numerous regions globally,” said Rachel Mayer, vice president of product management at Circle. Source
The head of Franklin Templeton’s digital asset and industry advisory services sees ongoing adoption of BTC by nation-states and emphasizes its potential to surpass CBDCs in efficiency for national treasuries. A strategist from Franklin Templeton, a global investment firm, predicts a future where every national treasury holds Bitcoin (BTC), envisioning the cryptocurrency becoming the fundamental unit of trade. Sandy Kaul, the head of Franklin Templeton’s digital asset and industry advisory services, shared this perspective in a recent interview on crypto influencer Natalie Brunell’s YouTube channel. Kaul also observes the ongoing…
A big caveat here is that the trading volumes on these niche questions are small – in the thousands of dollars for each of the markets mentioned above. One reason may be that Polymarket is not allowed to serve U.S. residents under a settlement with the CFTC, excluding a broad swath of traders from the world’s largest economy. Combined, there are $10,000 worth of bets on whether five different projects will do airdrops on the Solana blockchain by March 1, but again, when you break them down, they total thousands…
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Adobe’s $20 billion bid to buy its competitor Figma has been officially terminated. Last year, Adobe Inc (NASDAQ: ADBE) revealed its plans to pay $20 billion in cash and stock to acquire Figma, a popular cloud-based design platform. This would have not only increased Adobe’s market share but also its market power, which causes concerns among regulators. Now, Adobe and Figma have announced that they will be scrapping the deal due to the regulators’ concerns and demands. Adobe Exiting the Deal with Figma Adobe is already a global leader in…
VanECK’s CEO, Jan van Eck, had so much to say about Bitcoin in a recent interview. One of the highlights was his prediction as to when the flagship cryptocurrency will once again hit its all-time high (ATH) of $69,000. When Bitcoin Will Hit $69,000 Again In an interview with CNBC, Jan Van Eck stated that he expects Bitcoin to hit a new ATH in the next 12 months. That means that the crypto token could reclaim its current ATH of $69,000 and possibly surpass it based on Van Eck’s prediction.…
Even with the owed fees it has paid in trying to deal with bankruptcy issues, FTX continues to face mounting challenges. The collapse of cryptocurrency exchange FTX, previously valued at $32 billion, has resulted in exorbitant legal and advisory fees amounting to an average of $53,000 per hour within three months. According to recent filings with the bankruptcy court, FTX attempted to address its insolvency issues by spending an astounding $118.1 million on professional services between August 1 and October 31 of this year. This equates to more than $1.3…
Historically, cryptocurrency markets have been dominated by unregulated trading venues and retail investor activity. Still, this year shows how much market structure and participation has evolved and become institutionalized, Goldman Sachs (GS) said in a report last week. The crypto market saw a growth of regulated, centrally cleared derivatives venues in 2023, including Coinbase Derivatives, CBOE, Eurex, GFO-X, AsiaNext and 24 Exchange, the bank observed. “The institutionalization of the market was most evident in the derivatives market,” the report said, adding that “CME saw a consistent increase in bitcoin and…
This holiday season, surprise your crypto-obsessed friends with thoughtful gifts. Dive into our curated selection of nine Christmas gifts. It’s that time of year again – Christmas is just around the corner! If you know someone who’s really into cryptocurrencies, you’re in luck. We’ve put together some cool gift ideas that are perfect for anyone who’s into Bitcoin, Ethereum, or just curious about the whole crypto world. Our list includes some handy gifts for those who are serious about their crypto investments, as well as some fun and quirky gifts…
A Matrixport report indicates publicly-listed crypto companies have outperformed Bitcoin’s year-to-date returns. Bitcoin-focused firms such as crypto miners and crypto exchanges (e.g. Coinbase) demonstrated a notable performance that surpassed Bitcoin’s returns themselves. As per a Matrixport report, a group of listed Bitcoin mining companies, in conjunction with Coinbase, has yielded a commendable return of +266%, showcasing an advantage of +150% compared to Bitcoin’s performance. Average performance of Bitcoin mining companies (or crypto related firms) vs. Bitcoin | Source: Matrixport The outperformance suggests a changing landscape in investor preferences and strategies,…