SEC Chair Gensler Wishes Satoshi Nakamoto’s Bitcoin Whitepaper Happy Birthday — Says Let’s Make Sure Crypto Investors Get Proper Protection – Featured Bitcoin News

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has wished Satoshi Nakamoto’s Bitcoin whitepaper a happy birthday. “It has led to innovation and crypto asset investing. Let’s make sure as crypto enters its 15th year that investors get proper protection,” said the SEC chairman. SEC Chair Gary Gensler Wishes Satoshi Nakamoto’s Bitcoin Whitepaper Happy Birthday Satoshi Nakamoto introduced Bitcoin to the world approximately 14 years ago today with the publication of the Bitcoin whitepaper. Many people tweeted happy birthday to the pseudonymous creator’s whitepaper, including the…

SEC Chair Gensler Wishes Satoshi Nakamoto’s Bitcoin Whitepaper Happy Birthday — Says Let’s Make Sure Crypto Investors Get Proper Protection – Bitcoin News

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has wished Satoshi Nakamoto’s Bitcoin whitepaper a happy birthday. “It has led to innovation and crypto asset investing. Let’s make sure as crypto enters its 15th year that investors get proper protection,” said the SEC chairman. SEC Chair Gary Gensler Wishes Satoshi Nakamoto’s Bitcoin Whitepaper Happy Birthday Satoshi Nakamoto introduced Bitcoin to the world approximately 14 years ago today with the publication of the Bitcoin whitepaper. Many people tweeted happy birthday to the pseudonymous creator’s whitepaper, including the…

74% of Institutional Investors Surveyed Plan to Invest in Digital Assets – Featured Bitcoin News

A new study by Fidelity Digital Assets, a subsidiary of financial giant Fidelity Investments, shows that 58% of institutional investors surveyed invested in digital assets in the first half of this year and 74% plan to invest in the future. Fidelity’s Institutional Investor Digital Assets Study Fidelity Digital Assets, a subsidiary of financial giant Fidelity Investments, released its fourth annual “Institutional Investor Digital Assets Study” Thursday. The study features a blind survey conducted between Jan. 2 and June 24. A total of 1,052 institutional investors in the U.S. (410), Europe…

Why Institutional Investors are Sizing Up the Cryptocurrency Market

For example, let’s say an LP deposits liquidity into an ETH-BTC pool at a time when 1 BTC equals 10 ETH. A month later, the value of ETH doubled while BTC hasn’t changed. When this disparity occurs, arbitrage traders will jump at the opportunity to buy ETH from that pool and sell it on a DEX at a higher price thereby bringing the pool ratio and token prices back to market rate. This could hurt a depositor or benefit them, depending on which side of the trade they’re on. Source

Fidelity report shows resilience to crypto winter, huge adoption gap among investors

Fidelity Digital Assets released its annual study on institutional investment in digital assets on Oct. 27. Digital asset fundamentals remain strong despite headwinds, the study concludes, but adoption remains highly uneven among different types of investors.  In its survey of 1,052 institutional investors in Asia, Europe and the United States, Fidelity found digital asset adoption was up in the U.S. and Europe by 9% and 11%, respectively, to 42% and 67%. Asia experienced a slight decline in adoption but remained the leader at 69% regardless. One of the biggest jumps…

Singapore Seeks to Reduce Risks for Retail Crypto Investors With Restrictive Rules – Regulation Bitcoin News

Financial authorities in Singapore have proposed new regulations designed to protect consumers from risks associated with cryptocurrency investment and trading. The measures, which also aim to expand regulations for stablecoins, will be discussed with the industry before their adoption. Singapore Prepares to Tighten Cryptocurrency Regulations, Limit Public Access to Digital Assets The Monetary Authority of Singapore (MAS) has put forward draft regulations that aim to restrict crypto trading for retail investors with the stated goal of reducing risks for consumers associated with decentralized digital currencies, while boosting the development of…

Big Day For Bitcoin As Investors Eye ECB And US GDP Numbers

The Bitcoin price has woken up from its Snow White slumber over the past two days. As NewsBTC reported, the price rally started shortly after the Dollar Index (DXY) showed weakness and suffered a sharp setback. For much of 2022, Bitcoin and the dollar index were inversely correlated. While the DXY was rising relentlessly and all fiat currencies around the world were depreciating, the USD was gaining massive strength. However, this trend was also extremely negative for the Bitcoin price, as a strong USD meant a weak Bitcoin. The inverse…

Bitcoin Marches Past $20K as Investors Regain Their Appetite for Riskier Assets

In traditional markets, U.S. stocks continued their recent winning ways, rising for a third consecutive day as investors savored the upbeat third-quarter earnings reports from the likes of Coca-Cola and automotive giant GM. The tech-focused Nasdaq jumped 2.2%, while the S&P 500, which has a strong tech component, and Dow Jones Industrial Average (DJIA) climbed 1.6% and 1.1%, respectively. Original

Yuan Taps New Low Versus US Dollar as Investors React to Endorsement of Chinese President’s Third-Term Bid – Economics Bitcoin News

The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s congress which gave President Xi Jinping the mandate to lead the country for the third time. Concerns over Xi’s unprecedented third term, as well as the reshuffle of his top team, are said to have sparked a sell-off of stocks that wiped billions from the wealth of China’s super rich. Chinese Yuan Has Depreciated by 7% Since Late August The…