Tag: Firm

Analytics Firm Reveals Why Dogecoin & Apecoin Hit Tops

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The on-chain analytics firm Santiment has revealed the potential reason behind the corrections that Dogecoin and Apecoin have faced recently. Dogecoin & Apecoin Are Among Memecoins That Fell Prey To FOMO Recently As explained by Santiment in a new post on X, the Positive Sentiment vs. Negative Sentiment Ratio has seen a spike for Dogecoin and other memecoins recently. The “Positive Sentiment vs. Negative Sentiment Ratio” here refers to an indicator that tells us whether major social media platforms are leaning towards positive or negative comments right now. This indicator…

Bitcoin Price Rally Due To Trump’s Increased Election Odds, Blockchain Firm Claims

This year has been filled with numerous narratives for the cryptocurrency market, especially for the Bitcoin price. Ranging from the spot Bitcoin exchange-traded funds (ETFs), the fourth halving event, to the United States presidential elections, the cryptocurrency industry and the Bitcoin market have been subject to various factors throughout 2024. With the US elections barely a month away, there has been a lot of commentary on the outcome of the polls and how it could impact the market dynamics of the world’s largest cryptocurrency. Blockchain analytics firm IntoTheBlock is amongst…

Dogecoin Is The Top ‘Trump Victory’ Trade: Investment Firm CEO

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Este artículo también está disponible en español. Leading figures in the crypto sector have highlighted Dogecoin as the potential top beneficiary of a victory by Donald Trump in upcoming US elections. Andrew Kang, founder and CEO of Mechanism Capital, took to X to express his insights on the matter. “One of the most interesting ways to express a ‘Trump Victory’ trade would probably be owning DOGE (and other memes),” Kang wrote. “Not only do you have high odds of a Doge ETF but the Department of Government Efficiency (DOGE) would…

Bad Actors Selling Deepfake Tool To Bypass Crypto Exchange Security Protocols, According to Cybersecurity Firm

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A network security firm is warning that criminals have developed an artificial intelligence (AI) tool that targets crypto exchange platforms. In a new report, Cato Networks says bad actors are selling a deepfake tool in underground markets that allows users to bypass a crypto exchange’s identity authentication tests. According to the firm, users rely on the tool not to hack into existing accounts but to create fake ones for money laundering purposes. “Creating verified but synthetic accounts enables money laundering operations, mule accounts, and other forms of fraud. According to…

Crypto Firm Arkham Intelligence Plans To Launch Derivatives Exchange Next Month: Report

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Crypto analytics platform Arkham Intelligence is reportedly planning to launch its own derivatives exchange next month as a means of competing with crypto exchange giant Binance. According to a new report by Bloomberg, an anonymous person familiar with the matter says that the market intelligence firm plans to launch the options exchange next month with the backing of key investors, such as OpenAI CEO and Worldcoin (WLD) founder Sam Altman. The new exchange – which will not be open to customers in the US – aims to compete with the…

Why Is Bitcoin Price Stagnating? Investment Firm CEO Answers

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Este artículo también está disponible en español. The stagnation of the Bitcoin price despite the first rate cut by the US Federal Reserve since 2020 has perplexed many investors and traders within the market. In a new post on X, Andrew Kang, CEO of Mechanism Capital addressed the disproportionate emphasis that market participants have placed on Federal Reserve rate cuts and economic stimulus in China. Why Is Bitcoin Stagnating? Kang challenges the prevalent market belief that interest rate cuts by the Federal Reserve will significantly boost Bitcoin and crypto prices.…

Crypto Market’s “Shallow Sell-Off” Indicative Of Strong Bid For Risk Assets: Trading Firm

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Este artículo también está disponible en español. Crypto trading firm QCP Capital says the “shallow sell-off” in crypto markets following Iran’s recent attack on Israel indicates healthy market demand for risk-on assets. Crypto Market Remains Well Bid For Risk Assets Despite Iran launching over 180 missiles toward Israel yesterday, the sell-off in traditional financial (TradFi) assets was relatively muted. The S&P 500 closed 1% lower, while U.S. benchmark West Texas Intermediate (WTI) oil prices rose 2%. In contrast, the digital assets market was hit relatively harder, with Bitcoin (BTC) sliding…

U.K. Gambling Commission Charges Fantasy Sports Firm Sorare With Providing Unlicensed Gambling Facilities

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