Tag: Report

BlackRock eyes BUIDL token as collateral in crypto derivatives market: report

BlackRock is trying to have its digital money-market token, BUIDL, used as collateral in cryptocurrency derivatives trades.  People familiar with the discussions say the company is ‘in talks’ with major crypto exchanges like Binance, OKX, and Deribit about the possibility, according to Bloomberg. BUIDL is a token designed for qualified institutional investors, with a minimum investment of $5 million. It is a digital representation of BlackRock’s USD Institutional Digital Liquidity Fund, a money-market fund that invests in U.S. Treasury bills, cash, and other secure instruments.  BUIDL differs from traditional stablecoins…

Italy mulls raising Bitcoin capital gains tax above 40% as crypto gaining momentum: report

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Italy is considering raising its capital gains tax on crypto to 42% as part of efforts to reduce the fiscal deficit. Bitcoin (BTC) holders could soon face nearly two-fold tax increase in Italy, as the government plans to raise the capital gains tax on crypto from 26% to 42%, Bloomberg reports. During a conference call on Wednesday, Italy’s deputy finance minister Maurizio Leo noted that the government is responding to the rapid growth of crypto usage, stating that the phenomenon is “spreading” quickly. The report did not provide a timeline…

DeFi remains popular amid explosion in crypto usage: a16z report

The decentralized finance ecosystem continues to grow despite recent challenges as overall crypto usage hits record levels, venture capital firm Andreessen Horowitz (a16z) said in a new report. In its “State of Crypto” report published on Oct. 16, a16z noted that the crypto industry has witnessed a major spike in activity over the past year. The growth trajectory for the industry is “reminiscent of early internet adoption.” For instance, September 2024 saw 220 million addresses interact with protocols across the blockchain ecosystem—more than triple the figures recorded in late 2023.…

Report: Arkham Intelligence Plans to Roll out Crypto Derivatives Exchange

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According to someone with direct knowledge of the situation, speaking with Bloomberg, Arkham Intelligence, the company behind the multi-blockchain monitoring and parser tool, is gearing up to introduce a crypto derivatives exchange next month. Arkham Is Reportedly Preparing to Launch a Crypto Derivatives Trading Platform This week, Anna Irrera of Bloomberg revealed that Arkham Intelligence, […] Source

Arkham Intelligence to launch crypto derivatives exchange: report

Arkham Intelligence, a blockchain data firm, plans to launch a cryptocurrency derivatives exchange next month, according to reporting from Bloomberg.   Backed by investors like OpenAI founder Sam Altman, the startup is relocating its operations from London and New York to Punta Cana in the Dominican Republic. The company aims to serve retail investors but will not open the platform to U.S. customers. Arkham, founded in 2020, specializes in analyzing blockchain data to reveal information about the entities and individuals behind cryptocurrency transactions.  The decision to launch a derivatives exchange comes…

Crypto Firm Arkham Intelligence Plans To Launch Derivatives Exchange Next Month: Report

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Crypto analytics platform Arkham Intelligence is reportedly planning to launch its own derivatives exchange next month as a means of competing with crypto exchange giant Binance. According to a new report by Bloomberg, an anonymous person familiar with the matter says that the market intelligence firm plans to launch the options exchange next month with the backing of key investors, such as OpenAI CEO and Worldcoin (WLD) founder Sam Altman. The new exchange – which will not be open to customers in the US – aims to compete with the…

Bitcoin Returns to $61K Ahead of September CPI Report

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The minutes from the September Fed meeting, released Wednesday, showed policymakers were divided on how aggressive the central bank should be. “A substantial majority of participants” favored cutting the interest rate by half a percentage point, though some expressed misgivings about going that large, the minutes said. “Crypto sentiment has moved back into the fear zone (39), reinforcing the contrast with 72 (greed) in equities,” said Alex Kuptsikevich, a senior analyst at FxPro. “This dynamic is easily explained by the appreciation of the dollar and the increased attractiveness of bonds,…