On-chain analytics platform Nansen has released a report examining the aftermath of the controversial LIBRA token. Its findings indicate that 86% of traders who bought the cryptocurrency collectively lost about $251 million, while a select group of winners walked away with at least $180 million in profits. A Rapid Rise and Fall LIBRA debuted on […]
Financial Damages from LIBRA Coin Fiasco Revealed in Nansen Report Read More »
The Financial Times (FT) has issued a controversial “apology” after Bitcoin breached the $100,000 mark on December 5, 2024. The apology, published on FT Alphaville, the publication’s daily news commentary service, was perceived by many as a backhanded admission of its failure to foresee Bitcoin’s rise. FT’s ‘Apology’ The article, written by Bryce Elder, City
Financial Times ‘Apologizes’ to Bitcoin Supporters After Years of Criticism Read More »
Chinese fabless integrated circuit design company Nano Labs has announced that it has opened a Coinbase account and begun accepting Bitcoin payments for its products. Its decision to expand its global transaction options coincides with Bitcoin reaching an all-time high of $90,000. Nano Labs Turn to Bitcoin In its official press release, Nano Labs stated
Nano Labs Seeks Financial Boost with Bitcoin Payments Amid Financial Struggles Read More »
Meme coins aren’t just speculative assets. They have slowly started representing a symbolic rebellion against established financial norms, aligning with the demographic and ideological shifts shaping modern markets, as highlighted by Binance Research’s latest report. Since 2022, the collective market cap of meme coins, measured as a share of Total 3 (the crypto market excluding
Financial Nihilism Fuels Meme Coin Frenzy as Traditional Finance Loses Appeal: Binance Read More »
Taiwan’s Financial Supervisory Commission is preparing to roll out a pilot program for institutional crypto custody. The regulatory agency intends to collect applications in early 2025, and three private banks have already expressed interest in participating. The latest move signifies efforts to promote institutional adoption of crypto in the region. Institutional Crypto Custody in Taiwan
Taiwan’s Financial Watchdog Prepares to Test Crypto Custody Services with Local Banks Read More »
BlackRock’s chief investment officer for index investments, Samara Cohen, recently implied that amidst the recent success of spot Bitcoin exchange-traded funds, financial investors still exercise some degree of caution when investing. The volatility and infancy of Bitcoin and related exchange-traded funds are the primary drivers behind this investment class’s slow adoption. Financial Advisors Are Cautious
Financial Advisors Wary of Investing in Spot Bitcoin ETFs, BlackRock Exec Says Read More »
Last updated: May 13, 2024 09:11 EDT | 2 min read A mere 1% of financial advisors frequently engage in discussions about crypto with their clients due to concerns about potential legal liabilities and associated expenses if the investment goes awry. According to CoreData’s “Australia’s Crypto Investors” report, a staggering 89% of financial advisers stated
Last updated: January 18, 2024 23:35 EST | 1 min read Source: AdobeStock Hong Kong-based Venture Smart Financial Holdings Limited (VSFG) is gearing up to seek approval from the Securities and Futures Commission (SFC) for the introduction of a Bitcoin spot exchange-traded fund (ETF). JUST IN: HONG KONG’S VSFG PLANS TO LAUNCH SPOT #BITCOIN ETF
The House Financial Services Subcommittee on Digital Assets, Financial Technology & Inclusion convened the afternoon of Wednesday, November 15th, to discuss illicit activity in regards to cryptocurrency. Bad actors “We know that bad actors prey on vulnerabilities wherever they can find them,” said Chairman House Financial Services Chairman Patrick McHenry (NC-10). “There’s a bipartisan agreement,
The Financial Services Committee is holding a hearing on Wednesday, November 15th, to discuss “illicit activity in digital assets,” including money laundering, terrorist financing, and the role of law enforcement in crypto crime. Witnesses include Senior Counsel and Director of Global Regulatory Matters at ConsenSys and former Associate Deputy Attorney General at the Department of
