Tag: Markets

Pantera Predicts Correlation Between Bitcoin And Traditional Markets Might Break This Spring

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In a recent call with investors, executives from the crypto hedge fund Pantera Capital said they believe DeFi assets such as Ethereum could soon break out of their current correlation to traditional macro markets. The market has seen increasing similarities between these two spaces recently. But there’s no guarantee it will continue or even last for very long at all, given how quickly things change in this industry. Pantera Capital believes the crypto market will be able to “decouple” traditional macro assets even when interest rates go up. In the…

‘The Potential Risks Far Outweigh the Benefits’ – Emerging Markets Bitcoin News

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The Pakistani central bank governor, Reza Baqir, recently revealed that his organization has determined the risks posed by cryptocurrencies “far outweigh the benefits.” The governor, however, suggested that if solutions that address these potential risks emerge, the central bank “is open to looking at them.” Crypto Said to Have No ‘Real Economic Benefits’ for Pakistan The governor of the State Bank of Pakistan (SBP), Reza Baqir, recently said his institution had concluded that the potential risks that are associated with cryptocurrencies “far outweigh the benefits.” According to Baqir, Pakistan, just…

Bitcoin ‘whales’ and ‘fishes’ pause accumulation as markets weigh March 50bps hike odds

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An uptick in Bitcoin (BTC) supply to whales’ addresses witnessed across January appears to be stalling midway as the price continues its intraday correction toward $42,000, the latest data from CoinMetrics shows. Whales, fishes take a break from Bitcoin The sum of Bitcoin being held in addresses whose balance was at least 1,000 BTC came to be 8.10 million BTC as of Feb. 16, almost 0.12% higher month-to-date. In comparison, the balance was 7.91 million BTC at the beginning of this year, up 2.4% year-to-date. Bitcoin supply in addresses with balance…

Exotic Markets Founder Joffrey Dalet Talks Defi Banking, Structured Products and Solana – Interview Bitcoin News

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Exotic Markets is a DeFi (Decentralized Finance) platform on the Solana Blockchain. It aims to become the most flexible structured products protocol, offering the widest range of payoffs and underlyings in DeFi. For example, it aims to offer payoffs based on baskets of tokens, trading ranges, accumulators, and capital preservation. Joffrey Dalet is the Founder and CEO of Exotic Markets. He recently joined the Bitcoin.com News Podcast to talk about the business: The Exotic Markets team founder, Joffrey Dalet, spent nine years trading volatility products and served as a quant…

NFT Sales Nosedive This Week as Volume Drops Close to 30% – Markets and Prices Bitcoin News

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According to current metrics, non-fungible token (NFT) sales have dropped 29.35% since last week. While Ethereum and Solana are the two blockchains with the most NFT sales volume, both blockchain networks have seen NFT sales nosedive anywhere between 27% to 32% over the last seven days. Weekly Non-Fungible Token Sales Plummet Despite Recent $23 Million Cryptopunk Sale Non-fungible token (NFT) sales volume is down this week despite Cryptopunk #5822 selling for 8,000 ether worth $23 million. According to today’s statistics stemming from cryptoslam.io, during the last seven days, there’s been…

ETH Remains Above $3,000 as Markets Consolidate – Market Updates Bitcoin News

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Following yesterday’s rally in crypto, prices consolidated on Wednesday, as markets were once again fearful of escalating tensions between Russia and Ukraine. The uncertainty came as NATO reported that Russia was increasing troops on the border, as opposed to sending some home. Bitcoin BTC, which looked set for a breakout of the $45,000 level yesterday, fell on hump-day, sending the global crypto market cap 1.40% lower in the process. The price of bitcoin hit a high of $44,667.22 on Tuesday, however today dropped to an intraday low of $43,622.02, as…

Arab Federation of Capital Markets Partners With UAE to Launch Blockchain Innovation Challenge – Blockchain Bitcoin News

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United Arab Emirates (UAE)’s Ministry of Economy has joined hands with the Arab Federation of Capital Markets (AFCM) to kickstart a challenge that encourages fintechs to create a know-your-customer (KYC) verification system based on blockchain technology. Trustworthiness of Data on the Blockchain The AFCM has, in conjunction with the UAE’s Ministry of Economy, launched a market innovation challenge wherein participants are expected to create a functional know-your-customer (KYC) blockchain system. The challenge, according to AFCM, is open to “enterprise-ready” fintechs and tech firms from the region and around the world.…

Deutsche Bank Survey Shows Most Would Hodl Even if Crypto Markets Crashed

In an online survey of 3,250 U.S. consumers in December, the bank found 680 were cryptocurrency users, with 65% of those having gotten into crypto for the first time over the preceding 12 months. In no surprise, Deutsche found that most investors got into the space primarily to make money. However, 34% said their main motivation was curiosity or exploration, and a similar proportion gave portfolio diversification as the key reason. Source

Bitso Expands to Colombia Amidst Growing Cryptocurrency Adoption in the Country – Emerging Markets Bitcoin News

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Bitso, a Mexico-based cryptocurrency exchange, is expanding and strengthening its push into the Colombian market in the midst of growing interest in these new technologies in the country. Bitso has appointed Emilio Pardo as a new country manager, to debut the start of operations in Colombia in partnership with Banco de Bogota. Bitso Enters Colombian Market Bitso, a Mexican cryptocurrency exchange with more than four million customers, has set its sights on Colombia for its expansion. The company is now part of the regulatory crypto sandbox established in…