Tag Archives: News

Bernstein analysts believe that diversification presents a significant commercial opportunity for asset managers. It allows them to enter the rapidly growing digital asset market and benefit from increased demand and market growth. In the world of finance, few innovations have garnered as much attention and excitement as the potential launch of crypto exchange-traded funds (ETFs). Bitcoin (BTC) has been the center of attention in finance for years, but the advent of crypto ETFs is poised...

Not long ago, Sam Altman – the man who created the now infamous AI tool Chat GPT (which is designed to create content) – announced he was bringing a new digital currency called World Coin to the financial stage. The asset is now available for trading and has surged in price by more than 98 percent, thus jumping beyond the $3 mark. World Coin is Here Prior to its release, World Coin managed to garner more than $100 million in new funding from companies like...

The analysts noted that the SEC may have to approve Grayscale’s ETF proposal and potentially other spot-based Bitcoin ETFs in order to maintain regulatory consistency.  JPMorgan Chase & Co (NYSE: JPM) has predicted that the United States Securities and Exchange Commission (SEC) will be compelled to approve spot Bitcoin (BTC) Exchange-Traded-fund (ETF) applications from various asset managers following Grayscale’s favorable court ruling. Grayscale Investments, a prominent player in the...

The DoJ has said that advertisements for FTX did not differentiate between the US arm and the global business. According to the Department of Justice (DoJ), the FTX ads featuring American footballer Tom Brady and comedian Larry David show little distinction between the exchange’s US arm and its international business. According to a Friday filing, the DoJ said the celebrities in the ads describe FTX as an easy and safe way to use crypto, using a device showing the FTX logo and not FTX.US....

Some of China’s state-backed telecommunications companies are keen on investing in Alibaba Cloud, said sources familiar with the matter. Alibaba Group Holding Ltd.’s cloud computing division, Alibaba Cloud, is considering a private round of fundraising from Chinese state-owned enterprises before making a debut in Hong Kong. Sources familiar with the matter stated that Alibaba Cloud is working with advisers to raise about 10 billion yuan to 20 billion yuan ($1.4 billion to $2.8 billion)....

Despite the recent wave of executive departures from Binance, the company said in June that it was embarking on a hiring spree with more than 2,000 available positions. Binance, the world’s largest cryptocurrency exchange, is experiencing another high-profile exit as Mayur Kamat, the Global Head of Product and Design, resigns from his role. Kamat’s departure is the latest in a series of executive exits in recent months. A spokesperson for Binance confirmed Kamat’s resignation in an emailed...

The director of Digital Currency Research Institute of the People’s Bank of China said that online platforms have the responsibility to adhere to the regulatory requirements. On Sunday, September 3, Changchun Mu, director of the Digital Currency Research Institute of the People’s Bank of China, emphasized the importance of wallet providers in enabling CBDC payment options across various retail settings. Mu’s comments come as China’s central bank digital currency (CBDC), the digital yuan,...

Murray Roos clarified that the exploration of blockchain does not mean that the exchange is delving into cryptocurrencies like Bitcoin and Ethereum. The London Stock Exchange Group (LSEG), one of the oldest and most reputable stock exchanges in the world, is embarking on the integration of blockchain technology into its operations according to a report by Financial Times. London Stock Exchange Group and Its Interest in Blockchain The reputable exchange has been in operation for centuries,...

Stellar lumen price is attempting a fresh increase from the $0.115 zone against the US Dollar. XLM price is now trading above $0.120 and the 55 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $0.120 on the 4-hour chart (data feed via Kraken). The pair could start a decent increase if there is a clear move above the $0.1285 resistance zone. Stellar lumen price is trading above $0.120 against the US Dollar,...

Ripple price is facing resistance near the $0.550 level against the US dollar. The price is now trading below $0.520 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.5120 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start another decline if it stays below $0.535 and $0.550. Ripple price is struggling below $0.550 against the US Dollar, like Bitcoin. XRP price must...