“Stablebonds mark an evolution of investment solutions,” said Dave Taylor, CEO and co-founder of Etherfuse, in the statement. “By marrying the traditional world of bonds with the innovation of blockchain technology, we are creating a secure and transparent tool for investors and are adding further stability to DeFi and blockchain products,” he added. Source link
In anticipation of this pivotal event, there has been a substantial uptick in trading volume for products launched by ProShares and Grayscale. Activity surrounding Bitcoin investment products, particularly exchange-traded funds (ETFs), has seen a notable increase. This surge is primarily driven by the growing excitement within the market about potential ETF approvals in the United States. Speculation and expert opinions on the potential acceptance of the Grayscale Bitcoin Trust (GBTC) by the SEC have been widespread, especially after the commission chose not to appeal the case before the deadline date.…
South Korea has solidified its position as a global hub for crypto investment, with a recent survey putting the total number of crypto investors at over six million, more than 10% of the nation’s total population. A survey conducted by the Korea Financial Intelligence Unit (KoFIU) projects that the number of crypto investors in the country will surpass six million in the first half of 2024. Notably, the majority of these investors actively participate in investment activities facilitated by centralized exchanges, showcasing a distinctive trend in the market. Despite a…
Koreans trade differently to the rest of the world, market data shows. Source
Shiba Inu (SHIB) has sustained an impressive bullish streak over the past week, marking a significant upward trajectory in its value. With seven out of the last eight days showing positive growth, the meme coin has not only managed to reclaim a critical low of $0.0000076 it registered in December last year, but has also encountered several notable barriers along its upward climb. In its journey through September, SHIB faced resistance from the established resistance zone and a daily bearish order block situated above $0.00000755. However, the October rally saw…
CNBC anchor Joe Kernen’s tweet about the upcoming Bitcoin halving has ignited discussions in the cryptocurrency community, warranting a thorough and unbiased analysis of its potential market impact and the recent price surge linked to BlackRock Bitcoin ETF rumors. CNBC anchor Joe Kernen recently sparked attention in the crypto community with his enthusiastic tweet, circulated by Bitcoin Magazine, proclaiming, “prepare for the halving. The halving is coming.” Kernen was referring to the anticipated Bitcoin halving event, a technical occurrence that slashes mining rewards for new Bitcoins in half, which theoretically…
Matrixport notes there are about 420 million- 440 million cryptocurrency owners globally. 260 million are in Asia, 54 million in North America, 38 million in Africa, 31 million in South America and 1.5 million in Oceania. While Asia is the largest group by far, the “buying power of U.S. traders and institutions is a magnitude larger,” the report said. Original
But the bankruptcy negotiation was always aimed toward a settlement, because it gets money into people’s hands much more quickly, Paul explained. The lawyers have until Dec. 1 to get a 75% approval rate from the 60 individuals and entities in their group and with any investors who sign up as members in the coming weeks. Source
CryptoX – Cryptocurrency Analysis and News Portal But the bankruptcy negotiation was always aimed toward a settlement, because it gets money into people’s hands much more quickly, Paul explained. The lawyers have until Dec. 1 to get a 75% approval rate from the 60 individuals and entities in their group and with any investors who sign up as members in the coming weeks. Original Source The post FTX Creditors’ Lawyers Promote Deal Giving Investors 90% of What’s Left in Sam Bankman-Fried Empire appeared first on CryptoX. CryptoX Portal
Crypto and stock investors have always found interesting and sometimes bizarre ways to “predict” the market’s ebbs and flows. Some have suggested that our unconscious minds can predict the stock market through “precognitive dreaming,” while others have recently been turning to the advice of artificial intelligence chatbots. However, in Thailand, there appears to be a growing group of investors turning to divine powers and astrology to predict market movements, including crypto — as recently highlighted in a r/cryptocurrency thread on Reddit. One astrologist, who goes by “Pimfah,” has a 160,000-strong Facebook group…