Day: November 15, 2024

Bitcoin ETFs See Third Highest Outflow Since Launch, the Other Two Times Was Just Before BTC Price Bottoming

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Since the launch of the ETFs, Thursday was the third worst day for the bitcoin-linked products. Interestingly, the other two times the ETFs saw outflows of over $400 million was on Nov. 4 ($541.1 million), just prior to the U.S. election, and May 1 ($563.7 million). On Nov. 4, bitcoin bottomed around $67,000 before going on a tear all the way to over $93,000. While the May low coincide with a bottom at just under $60,000. Original

Joint statement from the FCA, ICO and TPR for retail investment firms and pension providers

Retail customers and pension scheme members should receive the information they need, at the right time, and in a way they can understand, while respecting their direct marketing preferences. This is crucial for creating an environment where customers can trust the information they receive, helping them to make informed decisions and pursue their financial goals. We have heard from retail investment firms and pension providers that they would benefit from further regulatory clarity about how The Pension Regulator’s (TPR) Code of Practice and guidance on communications requirements and the Financial…

India Urged to Embrace Bitcoin as Strategic Reserve Asset Amid Global Unrest

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Investment firm Bernstein has urged India to recognize bitcoin as a strategic reserve asset, highlighting its potential as “digital gold” amid global financial risks like inflation, U.S. debt, and geopolitical instability. Bernstein argues that India’s current focus on central bank digital currencies (CBDCs) and its classification of bitcoin as a “private currency” overlook BTC’s key […] Original

Nasdaq-listed Solidion pledges to allocate 60% of cash surplus to Bitcoin purchases

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U.S.-based battery tech company Solidion has pledged to allocate 60% of its excess cash reserves to Bitcoin as part of its treasury strategy. Solidion Technology, a U.S.-based battery materials provider, has committed to allocating more than half of its excess cash reserves to Bitcoin (BTC) purchases as part of its new corporate treasury strategy. As part of its new strategy, Solidion said in a Nov. 14 press release that it will direct 60% of any excess cash from operations into Bitcoin acquisitions and convert interest earnings from money market accounts…

Blockchain’s Role in Revolutionizing Audiobook Ownership

Alvin Lang Nov 15, 2024 09:13 Blockchain technology could redefine audiobook ownership, offering users real ownership through tokenization. Explore how GalaChain aims to transform the industry with decentralized solutions. The potential of blockchain technology to transform various industries is well-documented, and now it is poised to revolutionize the audiobook sector. According to Gala News, the integration of blockchain could solve persistent issues of digital ownership in the audiobook industry. The Digital Ownership Dilemma Historically, book ownership allowed individuals to freely use, lend,…

Why Memecoin Frenzy Is Bad For Bitcoin

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Este artículo también está disponible en español. Data shows Dogecoin and other meme coins are receiving a significant amount of attention on social media, a sign that may not be ideal for Bitcoin. Top 6 Memecoins Have Seen Their Social Dominance Rocket Up Recently In a new post on X, the analytics firm Santiment has discussed about the trend in the Social Dominance for a few different subsections of the cryptocurrency sector. The “Social Dominance” here refers to an indicator that basically tells us about the mindshare that a particular…

Donald Trump’s World Liberty Financial Taps Chainlink to Secure Defi Platform

World Liberty Financial (WLF) aims to achieve its aim of launching the next wave of broad defi adoption through the security and dependability of Chainlink. Chainlink to Power World Liberty Financial’s Defi Ecosystem World Liberty Financial (WLF), a decentralized finance (defi) platform backed by Donald Trump has announced a strategic partnership with Chainlink, the standard […] Source CryptoX Portal

Team Liquid Unveils MyBlue Fan Platform on Sui Blockchain

Caroline Bishop Nov 15, 2024 08:27 Team Liquid launches the MyBlue platform on Sui, offering fans a customizable digital avatar and unique fan engagement experiences, reinforcing their connection to esports. In a groundbreaking move for esports fan engagement, Team Liquid has launched its innovative MyBlue platform on the Sui blockchain. This new platform allows fans to engage with the team through unique digital experiences, according to the Sui Foundation. Empowering Fan Engagement MyBlue offers fans the opportunity to claim a personalized avatar…

Is Bitcoin (BTC) Price on Shaky Ground? Market Signals Reflect Patterns That Foretold the Recent Slide in Trump Media Shares

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“A typical indicator is the implied probability distribution: whether it is MSTR, COIN or Deribit’s BTC options, the implied probability distribution of different expiration dates has shown a significant left shift,” Griffin Ardern, head of options trading and research at crypto financial platform BloFin, told CoinDesk in a Telegram chat. “It seems that traders have an implied consensus that the prices of BTC and altcoins are still high, and more pullbacks may be on the way.” Original