Tag: Report

ETH Climbs Above $1,200 Ahead of US Consumer Confidence Report – Market Updates Bitcoin News

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Ethereum rose back above $1,200 on Tuesday, ahead of the upcoming consumer confidence report from the United States. The price comes following a breakout above a key resistance level of $1,180. Bitcoin also climbed higher in today’s session, ending a five-day losing streak. Bitcoin Bitcoin (BTC) snapped a five-day losing streak on Tuesday, as prices moved away from a recent point of support. Following a low of $16,054.53 to start the week, BTC/USD surged to an intraday high of $16,522.26 earlier today. This surge saw bitcoin climb from its aforementioned…

FTX collapse impacts Miami’s nightclub scene: Report

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The fallout from the collapse of FTX spans beyond the Web3 and crypto ecosystem. Reports gathered by the Financial Times suggest that nightclubs in Miami have been negatively affected by the collapse of the once-reputable cryptocurrency exchange. According to nightclub owners, young, nerdy crypto bros went from lavishly spending on champagne showers and buying $50,000 tables at clubs to completely vanishing from the nightlife scene. Andrea Vimercati, director of food and beverage at the Moxy Hotel group, told the Financial Times: “They were ordering 12 or 24 bottles of the…

Controlling shareholders’ stakes in GBTC are ‘highly illiquid’: Report

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According to a tweet by Ryan Selkis, CEO of blockchain research firm Messari, Grayscale Bitcoin Trust’s (GBTC) controlling shareholders Genesis Global and Digital Currency Group cannot simply dump their holdings to raise more capital. Selkis explained that Rule 144A of the U.S. Securities Act of 1933 requires that issuers of OTC-traded entities give advance notice of proposed sales, and imposes a quarterly sales cap of either 1% of outstanding shares or weekly traded volume.  2/ DCG bought nearly $800mm worth of GBTC shares since the premium flipped to a discount…

Bitcoin is the king of crypto brand awareness for Aussies: Report

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Bitcoin (BTC) has topped the crypto charts in a survey from down under. According to 2,000 Australians surveyed by the Independent Reserve Cryptocurrency Index (IRCI), Bitcoin is number one for brand recognition, ownership and overall sentiment.  Bitcoin with the most brand awareness, and by a long shot. https://t.co/LqhYPXe3p8 — Stephan Livera (@stephanlivera) November 28, 2022 In the report, while 92% of Australians have heard of cryptocurrencies, Bitcoin enjoys the highest levels of brand awareness. Accordingly, 90.80% of respondents had heard about Bitcoin. Stephan Livera, a popular Bitcoin podcaster from Australia,…

UK Crypto Fraud Climbs by a Third to Over $270M: Report

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Amazon Prime Video Commissions Eight-Episode TV Series on Embattled Crypto Exchange FTX: Report

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An eight-episode series based on the fall of Sam Bankman-Fried and his FTX crypto exchange is reportedly in the works at Amazon Prime Video. According to Variety, the online retail giant’s streaming service has tapped Joe and Anthony Russo’s production company, AGBO, to create the series about FTX’s implosion. The brothers are best known for directing four films in the Marvel franchise and could reportedly also direct the series. David Weil, the creator of Amazon’s Hunters series, is set to write the pilot episode. According to the report, the series…

Latam Still Unprepared to Deal With Crypto Crime and Scams, According to GFI Report – Emerging Markets Bitcoin News

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Latam is still unprepared to deal with cryptocurrency-related crimes and scam situations, according to a recent report issued by Global Financial Integrity (GFI), a Washington DC-based think tank. The document states that crypto regulation has failed to grow with the adoption of these new technologies and that governments have often failed to detect and punish crypto-related crimes. GFI: Latam Still Vulnerable to Crypto-Related Crime While the adoption of cryptocurrency has grown immensely in Latam due to the unique economic situations and difficulties of the countries in the area, cryptocurrency regulation…

Trouble in the Bahamas following FTX collapse: Report

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Following the collapse of crypto exchange FTX, which was headquartered in the island nation of Bahamas, Bahamians are reportedly still trying to find a way to make sense of everything, while remaining optimistic about the future.  According to a report by the WSJ, the island nation — which encouraged cryptocurrency companies to feel at home with their “copacetic regulatory touch” — has been rocked by the implosion of FTX.  The Bahamas, which was also hard hit by hurricane Dorian in 2019 and the pandemic shortly afterward in 2020, was already…

BIS report finds uneven progress, differing motivations in African CBDC adoption

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Mobile money has been a strong competitor to central bank digital currency (CBDC) in Africa, but many of the continent’s central bankers have greater faith CBDC, according to a Bank for International Settlements (BIS) report published Nov. 24. African central bankers also saw greater utility in CBDC for implementing monetary policy than bankers in other parts of the world, according to the BIS. Nineteen African central banks responded to the survey that served as a basis for the report, and all of them stated that they were actively interested in…