Permission-based repo ledgers are among the most successful applications of blockchain technology. Source
Don't Tell Anyone, but Private Blockchains Handle Over $1.5T of Securities Financing a Month
Day: June 24, 2024
Ether (ETH) Traders Buy $4K Calls In Anticipation of Record High
Ether, which came into existence in 2015, set a record price of over $4,800 since November 2021. While BTC surpassed its 2021 early this year, ether only briefly managed to top the $4,000 mark, with the upside relatively restricted due to regulatory uncertainty and low odds of ETH getting a spot ETF listing in the U.S. Source
Bitcoin (BTC) Prices Drop to Near $62,000 as Mt. Gox Set to Begin BTC, Bitcoin Cash Repayments
Mt. Gox was once the world’s top crypto exchange, handling over 70% of all bitcoin transactions in its early years. In early 2014, hackers attacked the exchange, resulting in the loss of an estimated 740,000 bitcoin ($15 billion at current prices). The hack was the biggest of the many attacks on the exchange in the years 2010-13. Original
Mt. Gox to start Bitcoin, Bitcoin Cash repayments in July
The trustee of the failed crypto exchange Mt. Gox wrote in the latest notice that repayments in Bitcoin and Bitcoin Cash will start in July. Mt. Gox, once the world’s largest Bitcoin exchange, seems to be set to finally begin repaying its creditors 142,000 BTC, 143,000 BCH, and ¥69 billion (around $432 million) nearly a decade after its collapse. The trustee of the failed crypto exchange Mt. Gox, Nobuaki Kobayashi, wrote in the latest notice that repayments in Bitcoin (BTC) and Bitcoin Cash (BHC) will commence in early July 2024,…
User Games Zksync Airdrop, Receives Over $1.1 Million in 350 Wallets
K1z4, an X user, recently revealed that they had farmed the Zksync airdrop, receiving over 6.6 million ZK tokens, valued at over $1.1 million. K1z4 specified that they had used an elaborate setup of 350 wallets with different IPs and various tools to make the bots used in this task seem more human, including artificial […] Source CryptoX Portal
Nomura Survey Reveals Majority of Japanese Institutional Investors Plan to Invest in Crypto in Next Three Years
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Japanese consulting firm Metaplanet to put $6.2m in Bitcoin
Tokyo-headquartered public consulting firm Metaplanet has allocated over $6.2 million to buy Bitcoin for “long-term holding.” Metaplanet Inc., a Tokyo-headquartered investment firm that specializes in hotel and crypto consulting, raised ¥1 billion yen through the issuance of the second series of ordinary bonds to buy Bitcoin for “long-term holding,” the firm said in a Jun. 24 statement. Although the firm said that its basic policy is “to hold Bitcoin for the long term,” it didn’t rule out the possibility of using the crypto for “operations or other purposes.” In a…
Delta Capita Taps London Stock Exchange Veteran as New CFO
Delta Capita, a financial services consulting and technology firm, has appointed Nick Frost as its new Global Chief Financial Officer (CFO), the company announced Monday. Delta Capita Names Nick Frost as New Global CFO Frost, who brings over two decades of finance experience to the role, will join Delta Capita’s Executive Committee and report directly to Group CEO Joe Channer. Based in London, he will be tasked with developing the company’s financial strategy and supporting its growth initiatives. Prior to joining Delta Capita, Frost held CFO positions at several firms,…
Will Ethereum Skyrocket? Analyst Predicts $6,000 By September
Popular crypto analyst degentrading (@degentradingLSD) has made a bold prediction that Ethereum will reach $6,000 by September 2024. This prediction comes in response to an analysis by Mechanism Capital founder Andrew Kang, who expects Ethereum to underperform despite the imminent launch of US spot Ethereum ETFs. Andrew Kang’s analysis projects a continued downtrend for ETHBTC, with the ratio expected to range between 0.035 and 0.06 over the next year. In his detailed thread on X, Kang expressed skepticism about Ethereum’s potential, despite the ETF launch being just days away. Why…
Major Challenges Decentralized Exchanges (DEXs) Must Focus on in 2024
In the past decade DEXs has been the main opponent of traditional banking as it is high tech and constantly improving on participants’ experience. With blockchain technology, decentralization has attracted many investors because of its speed, precisines, and cost effectiveness. In the parallel world of traditional finance, the crypto currency market has its own “banks’’, DEXs that offer similar services such as buying, selling, and holding assets in exchange for fees. Decentralized exchanges are the ones responsible for transaction transparency and control over assets, without the presence of intermediaries. The…