Professor Wang Yang, vice president for institutional advancement and chair professor at the Department of Mathematics at the Hong Kong University of Science and Technology (HKUST), criticized China’s cryptocurrency mining ban during a panel discussion in Hong Kong last week. He called the decision “very unwise” because it shifted businesses to the U.S., boosting American …
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A widely followed crypto strategist believes that Bitcoin’s (BTC) long-term upside potential is unlimited despite its recent price doldrums. Pseudonymous analyst Pentoshi tells his 801,000 followers on the social media platform X that while he’s bullish on Bitcoin for the long haul, the crypto king may see a significant correction before heading higher. “For BTC, …
HodlX Guest Post Submit Your Post What does a utopia for Web 3.0 look like? Understanding and addressing developers’ pain points is essential – not just for individual projects but for the entire, ever-evolving Web 3.0 landscape. Much like how Web 2.0 visionaries turned the digital era from an unknown frontier into a global norm, …
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Onchain Highlights DEFINITION: Spot Cumulative Volume Delta (CVD) measures the net difference between buying and selling trade volumes, specifically highlighting the difference in volume where the buyer or seller was the aggressor. It includes trades where USD or USD-related currencies serve as the quote currency, encompassing both fiat and stablecoins. Bitcoin’s Spot Cumulative Volume Delta (CVD) …
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On-chain Highlights DEFINITION: The percentage of long liquidations out of all liquidations in a given timeframe, i.e., long liquidations / (long liquidations + short liquidations). In percentage terms, 50% means that there have been an equal amount of long and short liquidations, while values above 50% indicate more long liquidations, and values below 50% indicate …
Continue reading “Bitcoin long liquidation dominance hits 70% in June amid 2024 market volatility”
Galaxy Digital CEO Mike Novogratz has forecasted a favorable regulatory environment for cryptocurrencies in the US regardless of who wins the 2024 presidential election outcome. Speaking about the future of the crypto sector during a CNBC interview, Novogratz highlighted the importance of bipartisan support. He said: “Crypto should be a bipartisan issue. We can’t afford …
Apple will receive an observer role on OpenAI’s board as part of an earlier agreement with the firm, Bloomberg said on July 2. Apple Fellow Phil Schiller, who heads the company’s App Store, manages product launch events, and formerly headed company marketing, will take the board position. Schiller’s role as observer means that he can …
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The Bahamas, the first country to issue a central bank digital currency (CBDC) called the Sand Dollar, is preparing regulations to mandate commercial banks to provide access to the e-money to boost adoption. Central Bank Governor John Rolle indicated that these regulations would be implemented within two years. “We’ve begun to signal that to our …
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Sony Group, the Japanese multinational conglomerate, will enter the cryptocurrency trading services business through its newly revamped S.BLOX subsidiary. The company, previously known as Amber Group, operated a cryptocurrency exchange called “Whalefin,” which will be renewed with the release of a new app, new functions, and support for more cryptocurrency assets. Sonny Group to Dabble …
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A JPMorgan report reveals that JPM Coin has processed billions of dollars seamlessly with Ant International, the global arm of Ant Group, which owns and operates Alipay. The report emphasizes plans for client-hosted blockchain nodes, currently controlled by JPMorgan, to increase decentralization and direct client connectivity. JPMorgan Explores Programmable Banking and Payments With JPM Coin …
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Mesh, a U.S. fintech company backed by Paypal Ventures, has partnered with Italian digital asset wallet Conio to enhance cryptocurrency exchange access for Conio’s 430,000 customers. This collaboration allows users to access 10 leading crypto exchanges, including Binance and Coinbase, through the Conio app, and seamlessly transfer bitcoin purchases directly into their Conio wallets. By …
The U.S. Securities and Exchange Commission (SEC), the Federal Reserve Board (FRB), and the California Department of Financial Protection and Innovation (DFPI) have taken action against Silvergate Capital Corp., the holding company for Silvergate Bank, and its former executives for misleading investors and failing to monitor significant transactions. Silvergate has agreed to pay penalties without …
Standard Chartered has predicted that bitcoin could hit a fresh all-time high in August and reach $100,000 by the November U.S. presidential election. The bank’s analyst expects a Trump victory to boost the price of bitcoin, while maintaining year-end and 2025 targets of $150,000 and $200,000, respectively. Bitcoin Surge Predicted Amid US Presidential Race Standard …
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US banking giant Goldman Sachs just issued an alert to investors. In a new note to clients, the firm’s strategists say a series of fundamental factors suggest a market correction is on the horizon, reports Investing.com. Goldman points to declining real income growth, a slowdown in the nation’s GDP growth and weakening consumer sentiment as …
A closely followed crypto analyst says that deep-pocketed investors are suddenly loading up one top-10 altcoin. Crypto strategist Ali Martinez tells his 66,200 followers on the social media platform X that in the past week, whales have scooped up massive amounts of the native token of layer-1 blockchain Toncoin (TON). “Whales have bought more than …
