Markets

Nvidia faces a revived lawsuit claiming concealment of GPU sales to crypto miners. TDC is concerned that Nvidia’s lawsuit could lead to more crypto-related cases. The Digital Chamber (TDC), formerly known as The Chamber of Digital Commerce, has expressed concern about a US Supreme Court ruling that could restart a case against chipmaker Nvidia. According to an amicus brief filed by TDC on August 20, the case could lead to an increase in “frivolous securities lawsuits” in the cryptocurrency...

Fundstrat Head of Research Tom Lee believes hopes of a Trump election victory in November could boost asset prices – and that includes Bitcoin. “When the market becomes more convinced of that, you’ll see cyclicals, small caps, and bitcoin do better,” he told CNBC on Thursday, “because those are clear policy differences.” The Bitcoin Trump Trade According to Lee, the market currently believes that Trump has a higher likelihood of winning than the polls are showing, and it...

Binance plans to hire 1,000 new employees this year, with a substantial focus on compliance roles. A large portion of these hires is specifically aimed at expanding the company’s compliance team from its current 500 members to 700 by the end of 2024. CEO Richard Teng, who is currently in the US for discussions with monitors and officials, shared these hiring targets in an interview with Bloomberg News in New York on Wednesday. Focus on Compliance Bloomberg’s report revealed...

TL;DR Cardano’s ADA has risen by 33% since the August 5 crash, with potential for further growth depending on broader market trends and other factors. An upcoming Cardano hard fork focused on decentralization and community-driven governance could also boost ADA’s price. Is There a Chance? Cardano’s ADA has experienced a substantial resurgence lately, with its price rising by around 10% on a two-week scale. Currently, it trades at around $0.36 (per CoinGecko’s data),...

[PRESS RELEASE – Astana, Kazakhstan, August 22nd, 2024] 1MarketMakers are launching a new service – 1MM Startup Kit, which will assist startups entering the market. According to the team, to remain competitive in the market, blockchain startups must now adhere to traditional business principles. It’s not enough to simply activate a bot for automated liquidity maintenance. Long-term solutions are crucial: community support, marketing, a sound economic strategy, and tokenomics...

In a remarkable turn of events, Spot Bitcoin ETFs are witnessing a staggering 223% increase in inflows, a clear signal of growing market confidence. Amid this surge, ETFSwap (ETFS) emerges as a beacon of security, providing a trusted platform where investors can trade Spot Bitcoin ETFs thereby navigate the volatile waters of cryptocurrency with peace of mind.  Spot Bitcoin ETFs See 223% Surge In Inflows Amidst Market Volatility Fidelity topped the way for the second day in a row as...

On August 22, Bitcoin futures experienced a substantial increase in open interest (OI) following the release of the U.S. Federal Reserve’s minutes from its July meeting. The OI reached $31.92 billion, marking an increase of $1.26 billion in 12 hours. Open interest is the total number of futures and options contracts traded but not yet closed out. Higher OI suggests that traders are more confident about Bitcoin’s price direction, in this case, they expect the Bitcoin price to rise. However,...

FSRA’s latest proposals seek to regulate Fiat-Referenced Tokens (FRTs) to improve stability. FSRA will assess feedback submitted by the public until October 3 before making a final decision. The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has issued Consultation Paper No. 7 of 2024, which outlines ideas to improve its regulatory framework to support the issuance of Fiat-Referenced Tokens  (FRTs). This is an important milestone as the FSRA seeks to enhance...

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[PRESS RELEASE – Tallinn, Estonia, August 21st, 2024] Crypto gambling has grown in popularity and adoption since its introduction in 2012. Today, the segment’s worth far outnumbers hundreds of millions of dollars. CasinoRIX unveils the 2024 Crypto Gambling Stats, to make the data more precise. Key Crypto Gambling Statistics in 2024 CasinoRIX researchers unveil info on crypto gambling. Here are their core findings: The crypto gambling market is currently evaluated at around...