Markets

Grayscale – a popular cryptocurrency asset manager – has now launched the Grayscale Smart Contract Platform Ex-Ethereum Fund. The fund includes exposure to a variety of cryptocurrencies that power major smart contract networks besides Ethereum. Investing in Smart Contracts As announced by Grayscale in a press release on Tuesday, the fund marks the firm’s 18th investment product, and third diversified fund offering. It adjusts its exposure to various cryptocurrencies using...

The cryptocurrency exchange FTX inked a long-term partnership with the renowned tennis player Naomi Osaka. Over the course of the collaboration, the Japanese will serve as a global ambassador of the trading venue. She will also receive an equity stake in FTX Trading Limited and compensation in digital assets. Inspiring More Women to Enter the Crypto Realm According to a recent press release, Osaka’s primary focus will be on bringing females onto FTX’s platform and introducing...

A few years back, cryptocurrency trading was a niche field reserved only for code aficionados and cypherpunks. This is no longer the case. Bitcoin has become a household name, and with it, many of the leading altcoins took center stage during the last parabolic market advance. Cryptocurrencies hit mainstream media like never before, especially with the surge of meme-coins like Dogecoin and Shiba Inu. With this, the demand for cryptocurrency trading suites also surged. We saw...

Steve Wozniak believes that bitcoin is going to explode in the coming years. Echoing sentiment issued by Anthony Scaramucci, he is certain that bitcoin will hit $100,000, though he’s not too sure when. Steve Wozniak Is Confident in Bitcoin In a recent podcast interview, Wozniak discussed the growing bitcoin marketplace and stated that he believes the world’s biggest and most powerful digital currency by market cap is going to exceed everyone’s expectations and hit...

The rumors were true: Goldman Sachs has reportedly conducted its first OTC crypto option trade with investment firm Galaxy Digital. This marks the first of any such trade among all major US banks, and a big milestone for the crypto derivatives market. Bitcoin Options Trades Earlier this month, unidentified sources claimed that Goldman was contemplating offering bilateral crypto options for institutional clients. Apparently, it was just one of multiple Wall Street Banks to...

Even when you hear anyone talking about crypto that isn’t very familiar with it, you’ll listen to Bitcoin being included in the conversation. This is because Bitcoin started the crypto world in January of 2009. Moreover, it took more than five years for another cryptocurrency to launch, Ethereum. Bitcoin holds the largest value in the crypto market, is around $38,000 currently, and fluctuating day in and day out. There is no fixed value in Bitcoin or other...

SEBA Bank AG lists Digital Asset ETPs at Euronext in Amsterdam and Paris SEBA Bank, a fully integrated, FINMA licensed digital assets banking platform, today announced the listing of their digital assets based Exchange Traded Products (“ETPs”) at Euronext, a leading pan-European market infrastructure company, connecting European economies to global capital markets. SEBA Bank’s current ETP offering consists of single-coin tracker certificates with...

Qatar’s central bank plans to digitalize most of its products, including studying and potentially developing and launching a CBDC. One of the other directives from the institution involves issuing digital bank licenses. Qatar Enters the CBDC Race Speaking to The Peninsula at the 8th Doha Islamic Finance Conference, QCB’s Head of FinTech – Alanood Abdullah Al Muftah – outlined the organization’s new and digitalized direction. The bank has begun exploring various initiatives...

Jim Chanos, president and founder of Kynikos Associates, believes Coinbase (COIN) stocks are highly overpriced. As such, his NYC-registered investment entity has decided to short them, even though their value has declined by 50% since November. Ever since Coinbase became the largest cryptocurrency exchange to go live on Nasdaq as a publicly-traded company in April last year, the stock price movements have been largely affected by bitcoin and the rest of the market. As such,...

It looks like all these different countries are taking a page out of what has become the infamous China crypto book. The European Union (EU) is all set to vote on whether to ban bitcoin and cryptocurrency mining given its alleged impacts on the planet. The ban would come through drafted legislation known as the Markets in Crypto Assets (MICA) framework. The EU Will Vote On a Potential Crypto Ban At the risk of sounding preachy, this is getting rather old. How many more...