Tag: Markets

Better Markets CEO urges SEC to reject spot Bitcoin ETFs

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Dennis M. Kelleher, co-founder and CEO of Better Markets, wants the U.S. Securities and Exchange Commission (SEC) to reject all applications for spot Bitcoin exchange-traded products (ETPs).  In a Jan. 5 letter to the SEC, Kelleher argued that the approval would expose millions of American investors to fraud and manipulation, which the SEC is mandated to prevent, leading to “massive investor harm.” He expressed his fears in the context of a recent report by blockchain security firm Scam Sniffer that revealed more than 324,000 crypto users fell prey to fraud…

Crypto Asset Manager HashKey Capital Secures Capital Markets Services License From Singapore Central Bank

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What Prediction Markets Are Forecasting for Crypto in 2024

A big caveat here is that the trading volumes on these niche questions are small – in the thousands of dollars for each of the markets mentioned above. One reason may be that Polymarket is not allowed to serve U.S. residents under a settlement with the CFTC, excluding a broad swath of traders from the world’s largest economy. Combined, there are $10,000 worth of bets on whether five different projects will do airdrops on the Solana blockchain by March 1, but again, when you break them down, they total thousands…

Bitcoin hits $43k, Borroe Finance nears $2.5m presale as crypto markets soar

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin’s Q4 surge is tied to ETF Talks, while Borroe Finance’s $ROE second presale stage hits $1.8 million. Bitcoin (BTC) has been bullish since the start of Q4 2023. Subsequently, analysts credited this state of affairs to the ongoing talks for approval of BTC Spot ETFs. On the other hand, new DeFi projects like Borroe Finance ($ROE) recorded significant progress in their presale stages. Some investors are betting on…

JPMorgan Cautious About Crypto Markets in 2024

Cathie Wood’s investment firm, ARK Invest, offloaded a sizeable chunk of Coinbase as the shares of the Nasdaq-listed crypto exchange rose to a 20-month high on Wednesday. ARK sold 283,104 shares worth $42.6 million based on Coinbase’s last close of $150.46. The firm has sold over $150 million worth of the shares since Dec. 5. On Wednesday, COIN rose more than 7.7% to top $150 for the first time since April 2022. Despite recent sales, the exchange still constitutes over 10% of ARK’s portfolio and retains the top spot on…

JPMorgan Is Cautious About Crypto Markets Into 2024

While there has been some improvement in decentralized finance (DeFi) activity, the “biggest disappointment continues to be the inability of DeFi to encroach into the traditional financial system, which is necessary for the crypto ecosystem to transition from crypto native to real world applications,” the report added. Source

Markets rethink Fed rate cuts as Bitcoin circles $44K on US jobs data

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Bitcoin (BTC) tapped $40,000 after the Dec. 8 Wall Street open as United States employment data shrunk market bets on interest rate cuts. BTC/USD 1-hour chart. Source: TradingView Bitcoin holds firm as jobs data unsettles U.S. dollar Data from Cointelegraph Markets Pro and TradingView covered the latest BTC price action as risk assets reacted to the latest U.S. inflation cues. Nonfarm payrolls came in above expectations at 199,000 versus 190,000, while unemployment was lower than forecast at 3.7% versus 3.9%, per an official release from the U.S. Bureau of Labor…

NFT trading volume nears $1B as markets turn bullish: Report

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As crypto markets turn bullish, nonfungible token (NFT) trading has started to join the wave, with volume nearing $1 billion in November, according to data published by the decentralized app tracking platform DappRadar.  The report highlighted that the NFT industry maintained upward momentum for the second month in a row. Trading volume surged by 125% in November, suggesting a shift in user behavior compared to earlier downturns in NFT trading. NFT trading volume and sales count data. Source: DappRadar On Nov. 6, analytics firm Nansen reported that NFT sales volumes…

Blockchain projects make push to decentralize climate markets

As the 2023 United Nations Climate Change Conference (COP28) takes place in Dubai, United Arab Emirates, many projects participated in the climate action effort by launching blockchain-powered initiatives. From Nov. 30 to Dec. 12, diplomats and leaders from across the globe are gathering at Dubai’s Expo City to advance initiatives in climate action. Among those who participated in the event were blockchain projects, which believe that blockchain technology has the power to contribute to the climate action effort. From trying to transform waste management to tracking carbon emissions using blockchain…