Tag: Markets

Financial Services Giant Old Mutual Appointed Manager of South African Stablecoin Project’s Cash Reserves – Emerging Markets Bitcoin News

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One of South Africa’s largest financial services groups, Old Mutual, has reportedly been appointed manager of the ZARP stablecoin project’s cash reserves. Founders of the stablecoin are hopeful that the appointment of one of the country’s oldest financial services companies will help bolster confidence in the digital currency. Enhancing Credibility of the Stablecoin The South African financial services giant Old Mutual has reportedly been designated the manager of the cash reserves of the local currency-backed stablecoin — the zarp. By appointing Old Mutual, one of the oldest wealth management companies…

Crypto News: ETH, ADA, Twitter, Jackson Hole, BlackRock & More!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🛒 Get The Hottest Crypto Deals 👉 📲 Insider Info in my Socials 👉 👕 My Merch Store 👉 🔥 TOP Crypto TIPS In My Newsletter 👉 ~~~~~ 📺Essential Videos📺 Last Week’s Crypto Review 👉 Fed Press Conference Analysis 👉 Top 5 Regulated Exchanges 👉 Cardano Concurrency Issues 👉 Elon Twitter Acquisition 👉 ESG Explained 👉 Latest Cosmos Updates 👉 ~~~~~ ⛓️ 🔗 Useful Links 🔗 ⛓️ ► Stock Market Sheds 1.2 Trillion: ► Ethereum Merge Bugs: ► Cardano Hard Fork Date:…

ATOM Maintains “Market’s Biggest Mover” Tag, Sustains 4-Month High

Cosmos’ native crypto continues its bullish run up to a 40% bullish gain while other cryptos ebb and flow; NEAR follows with a multi-week high. The native coin of Cosmos protocol, ATOM continues to move upward, hitting new highs every day. At the time of writing, the crypto is trading at $14 after briefly hitting $16 earlier today. It had hit a 4-month high of $13.92 on Thursday amidst the broader crypto market bounce back. That was after the Wednesday dip when ATOM price dropped to just below $12. Ever…

Emerging Markets Lead Global Crypto Adoption in Bear Market, Chainalysis Says

Global crypto adoption rates have slowed during the bear market this year, but the slump didn’t wipe out the growth in adoption during bull markets, Chainalysis said in the report accompanying this year’s index. Crypto use globally remains higher than pre-bull market levels with emerging markets leading the way, according to the report. In its 2021 report, Chainalysis reported a 880% jump in adoption levels year over year. Source

Emerging markets lead global adoption index: Chainalysis report

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While global adoption slowed down because of the chilling winds brought about by the crypto winter, emerging markets seem to be on fire in terms of crypto adoption as they surpass higher-income countries in an index that measures adoption.  In a report titled The 2022 Global Crypto Adoption Index, blockchain data platform Chainalysis analyzed the millions of crypto transactions worldwide, web traffic and other on-chain metrics to determine which countries are on top in terms of cryptocurrency adoption.  The results show that in terms of crypto adoption, emerging markets are…

US Inflation Data Roils Markets, Bitcoin and Ether Fall

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● Bitcoin (BTC): $20,272 −9.5% ● Ether (ETH): $1,615 −6.4% ● CoinDesk Market Index (CMI): $1,019 −7.1% ● S&P 500 daily close: 3,932.69 −4.3% ● Gold: $1,712 per troy ounce −0.9% ● Ten-year Treasury yield daily close: 3.42% +0.06 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Original

Devere CEO Explains Why He Is Buying the Bitcoin Dip – Markets and Prices Bitcoin News

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The CEO of Devere Group, a financial advisory and asset management firm, has shared multiple reasons why he is buying the bitcoin dip. “Despite the recent turbulence, I believe that the trajectory of bitcoin and other major cryptos is upwards,” he said. Nigel Green Explains Why He Is Buying More Bitcoin The CEO of financial advisory and asset management firm Devere Group, Nigel Green, has confirmed that he is buying the bitcoin dip. In a blog post published this week, the executive outlined various reasons why he is buying more…

3 major mistakes to avoid when trading cryptocurrency futures markets

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Many traders frequently express some relatively large misconceptions about trading cryptocurrency futures, especially on derivatives exchanges outside the realm of traditional finance. The most common mistakes involve futures markets’ price decoupling, fees and the impact of liquidations on the derivatives instrument. Let’s explore three simple mistakes and misconceptions that traders should avoid when trading crypto futures. Derivatives contracts differ from spot trading in pricing and trading Currently, the aggregate futures open interest in the crypto market surpasses $25 billion and retail traders and experienced fund managers use these instruments to…

Bitcoin’s Correlation With Stocks Comes Back as Economic Factors Roil Markets

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“Bitcoin has behaved similarly to tech stocks, albeit with some idiosyncratic events, namely forced selling by large institutions like Three Arrows Capital,” he told CoinDesk in a written note. “There doesn’t seem to be any indication that crypto will stop moving in response to Fed policy decisions, though Ethereum’s upcoming Merge is one of the more important events in crypto’s recent history.” Original