CryptoX – Cryptocurrency Analysis and News Portal Ireland is emerging as an attractive destination for crypto firms; Coinbase designated the country as its EU hub earlier this month. Source The post Standard Chartered-Backed Zodia Markets Gains Registration in Ireland appeared first on CryptoX. CryptoX Portal
Crypto traders this week interpreted the inclusion on the page as a sign BlackRock’s product might get approved soon. But an ETF appearing there does not indicate anything about its regulatory approval, DTCC said. Being there is just part of the prep work – getting a ticker symbol and unique ID code known as a CUSIP – any ETF would undertake pending U.S. Securities and Exchange Commission approval. Source
In this article, we delve into the critical factors influencing the trajectory of cryptocurrency markets: tightening monetary policies, the resurgence of the U.S. dollar, and the lingering specter of inflation. We also examine the evolving role of cryptocurrencies, particularly Bitcoin, in the context of global finance and stability. Source
At the PlanB conference in Lugano on Oct. 20, a panel of experts discussed how Bitcoin and blockchain technology could disrupt traditional capital markets. The panel, titled “Exploring the Future of Capital Markets: Your Second Layer,” featured leaders from several Bitcoin and blockchain startups including Blockstream, Sideswap, Setup Labs and Stalker. Panelists outlined how Bitcoin’s decentralized, transparent and programmable nature enables direct peer-to-peer trading of assets including stocks, bonds, derivatives and more. This removes the need for intermediaries like stock exchanges and clearing houses, reducing costs and risks. According to…
Grayscale’s Bitcoin investment vehicle, Grayscale Bitcoin Trust (GBTC) is trading at its lowest discount in nearly two years, as spot Bitcoin ETFs continue to inch toward potential approval in the United States. The latest data from YCharts shows GBTC’s discount to Bitcoin net asset value (NAV) has narrowed to 15.87% as of Oct. 13. Discount to net asset value (NAV) is a percentage that measures the amount that a mutual fund or ETF is trading below its net asset value. The metric is used to track how far away a…
Asian and European stock markets faced sharp declines on Friday, with China spearheading the downturn as its September Consumer Price Index (CPI) showed no growth. Markets pundits say weak economic indicators from China could cause concern for the global economy. European stocks also traded lower on Friday due to problems stemming from United States inflation data suggesting a potential hike in interest rates. The elevated inflation figures may prompt the Federal Reserve to maintain its primary interest rate at a higher level for an extended period to curb inflation in…
Investing legend Paul Tudor Jones has revealed that he’s bearish on stocks and bullish on gold and Bitcoin (BTC). The two main reasons he cites are the potential for an escalation of the conflict between Israel and Hamas, and subpar fiscal conditions in the United States. While an inverted yield curve wasn’t included in Tudor’s comments, it’s yet another important factor for investors to consider. Geopolitical conflicts exacerbate macro uncertainty In a recent interview with CNBC, Jones mentioned the factors he’s keeping an eye on with regard to the Israel-Palestine…
The stock market in Asia and Europe had a contrasting day where a majority of the stock markets across the Asia-Pacific region climbed across the board while European markets had a mixed day. While South Korea’s bullish rally drove Asian markets, European shares faced downward pressure from underperforming luxury stocks. South Korea leads Asian stock rally South Korea took the lead on Wednesday among Asia Pacific stocks aided by a surge in its tech stocks. South Korea’s Kospi closed the day with a 1.98% gain at 2,450.08 points hitting a two-week…
ESMA, responsible for rulemaking under the bloc’s landmark new crypto law MiCA, is worried about new forms of market manipulation when there’s no central counterparty Source
In the last bull run, Arbitrum and Bitcoin Cash were bullish. However, after failing to maintain the momentum, they are struggling and posted deep losses. Conversely, Tradecurve Markets aims to disrupt the crypto exchange scene. Arbitrum bullish trend ends In the last rally, ARB prices posted sharp gains, rallying from $0.75 in early September to $0.99, the highest since August. However, it found resistance at $1.00, retracing. ARB may contract, falling to immediate support at $0.910 in a retracement. Despite this drop, there are indications that ARB may resume its uptrend. Chainlink…