Tag: Markets

Vinco Ventures stock soars, Goldman Sachs conducts first OTC bitcoin option trade

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #VincoVentures #GoldmanSachs #OTCbitcoin Yahoo Finance’s Rachelle Akuffo, Brad Smith, and David Briggs report on Vinco Ventures stock soaring on speculation of a short squeeze, Goldman Sachs making the first over the counter crypto options, plus Al Michaels to voice Amazon’s Thursday Night Football. Yahoo Finance Live examines several of the day’s trending stock tickers. Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: Subscribe to Yahoo Finance: About…

Global Crypto Economy Holds Above the $2 Trillion Zone for 5 Consecutive Days – Markets and Prices Bitcoin News

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The crypto economy has managed to remain above the $2 trillion mark during the last five days since March 22. Currently, the global cryptocurrency market capitalization is 1.3% higher during the last 24 hours, as the valuation stands at $2.1 trillion today. Furthermore, the price of bitcoin jumped over the $46K zone on Sunday as well capturing an $870 billion market cap. Digital Assets Gain This Week, Bitcoin Cracks $46K, TVL in Defi Holds Above $200 Billion Digital currencies have gained in value during the last seven days and for…

UAE Venture Capital Firm Launches $100 Million Seed Fund for Blockchain and Crypto Projects – Emerging Markets Bitcoin News

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Cypher Capital, a United Arab Emirates (UAE)-based venture capital (VC) firm, has announced the launch of a $100 million seed fund that will primarily avail funding to decentralized finance (defi), gamefi, and metaverse projects. Mentoring of Entrepreneurs A United Arab Emirates (UAE)-based venture capital firm, Cypher Capital, recently announced it has launched a $100 million seed fund whose objective is to finance blockchain and crypto projects with genuine value propositions. As explained in a report published by Unlock Media, the VC firm is planning to be involved in the mentoring…

Venezuela’s Sunacrip Launches Petro-Based Gift Card Market and Exchange – Emerging Markets Bitcoin News

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Sunacrip, the Venezuelan cryptocurrency watchdog, has announced a set of improvements to its Petroapp wallet, allowing Venezuelans to use the petro (PTR) for new functions. The app now has an embedded cryptocurrency exchange that allows users to exchange petros for other currencies, and a series of gift card and payment options to increase adoption. Petro Relaunch Aims to Offer More Use Cases Sunacrip, the cryptocurrency regulation institution in Venezuela, has announced a series of changes to its petro (PTR) wallet app called Petroapp, which are directed to improve…

Kenya Central Bank Governor Reiterates His Opposition to Cryptocurrencies – Emerging Markets Bitcoin News

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The Kenyan central bank governor has once again told Kenyans to be wary of the risks that are associated with cryptocurrency transactions and trading. The governor also warned financial institutions supporting cryptocurrency transactions that they risk losing their licenses. Crypto Trading Beneficial to a Few The governor of the Central Bank of Kenya (CBK), Patrick Njoroge, has reiterated that his institution still opposes cryptocurrency transactions. The governor also suggested that Kenyan citizens must always be wary of investing in highly volatile asset classes such as cryptocurrencies. In remarks published by…

IOSCO says DeFi is quickly evolving and ‘cloning financial markets’

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As decentralized finance (DeFi) space grows, regulators are giving more effort to conducting research and providing a means to better understand the emerging industry. Today, the International Organization of Securities (IOSCO) published a report that aims to give a perspective on DeFi and highlight some areas that may be potential areas of concern to regulators. According to the report, DeFi is growing and many of its mechanisms are very similar to traditional financial markets. Total Value Locked in DeFi. Source: IOSCO report Apart from mirroring traditional finance, IOSCO mentions that…

Tokenized Gold Market Caps Grew Significantly Last Month as Fresh Demand Drives Premiums – Markets and Prices Bitcoin News

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While gold tapped an all-time high (ATH) this year surpassing $2K per ounce, the top tokenized gold crypto assets by market valuation continue to see significant demand, premiums, and market capitalization growth. For instance, Paxos Trust Company’s PAXG market cap jumped more than 43% in 31 days from $424 million to today’s $611 million. PAXG and XAUT Market Caps Swell, Both Gold Tokens See Premiums Over Gold’s Spot Market Value On March 8, 2022, the price of one troy ounce of .999 fine gold reached an ATH at $2,069 per…

Salvadoran Bitcoin Bonds Might Be Issued by State Geothermal Company La Geo, Delays Possible – Emerging Markets Bitcoin News

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The treasury minister of El Salvador, Alejandro Zelaya, has informed about the future of the issuance of the bitcoin bonds and the possibility of these being issued by La Geo, the national geothermal power company. Zelaya also referred to the day of issuance of these instruments, hinting at a possible delay that would see the bonds go out to the market in May or even July. El Salvador Might Issue Bitcoin Bonds Through La Geo The treasury minister of El Salvador, Alejandro Zelaya, gave his take on the…

Lemonade to Offer Blockchain-Powered Climate Insurance for Farmers in Emerging Markets

Lemonade, a top American insurance company, has revealed the formation of the Lemonade Crypto Climate Coalition meant to offer blockchain-enabled climate insurance to the most vulnerable farmers across the globe. Through its nonprofit organization dubbed the Lemonade Foundation, Lemonade has partnered with other companies like Chainlink, Avalanche, DAOstack, Hannover Re, Tomorrow.io, Pula, and Etherisc as founding coalition members. Based on the Lemonade Foundation’s objective of rendering environmental and social change through technology, the coalition is being established as a Decentralized Autonomous Organization (DAO) to create and distribute parametric and instantaneous…

Bitdeer and BitFuFu to Test US Stock Market’s Crypto Mining Appetite

Both Bitdeer and BitFuFu could be seen as “fully valued” compared to current publicly listed miners because of their “incredible” growth rate, superior profit margins and tight relationships with mining rig suppliers, Peter Stoneberg, managing director of crypto mergers and acquisitions firm Architect Partners, told CoinDesk in an interview. It’s the future prospects of companies that drive investment, so if investors see a company is able to fund its future growth, they will “absolutely pay a premium for that growth rate,” Stoneberg added. Source