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Market Wrap: Bitcoin Takes Investors on a Wild Ride
27.9.2022
Prices shoot higher intraday on high volume, only to reverse course later in the day. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
Tamadoge Lists on OKX – Early Investors Book 250% Gains With More to Come
27.9.2022
Tamadoge, the play-to-earn meme coin, began trading on top-tier exchange OKX today and early investors are already sitting on a profit of 129%.
Some who bought in the beta sale at $0.01 took profits when the price level was around the $0.035 mark, registering a gain of 250%.
Residents of the U.S....
South Korea Crypto Market Shrinks by 60% in Past Six Months – Are Investors Preparing a Move?
27.9.2022
The size of the South Korean crypto market has shrunk by a whopping 60% in the last six months as retail investors in the crypto-keen nation slash their crypto spending. But there is a suggestion that some traders in the nation are still dipping their toes in the market’s choppy waters, while...
Digital Neobank Nubank Reaches 70 Million Customers in Latam; Almost 2 Million Have Purchased Crypto
27.9.2022
Nubank, a Brazil-based digital bank, has announced a new milestone in its operations. The company announced that it has reached 70 million customers in Latam, making it one of the biggest financial institutions of its kind in Brazil. The company also announced that almost 2 million of its customers...
Ethereum Price Prediction: Investors Waiting for ETH to Cross $1400
27.9.2022
Many investors speculated Ethereum would hit $2000 after the upgrade, but the recent ETH price movement suggests it will continue the downward momentum for the next few months. The latest CPI report and FED interest rate hike influence the price of cryptocurrencies. Indeed, the Merge upgrade makes...
Deribit Valued at $400 Million After a Fundraiser from Existing Investors: Report
27.9.2022
Panama-based crypto derivatives exchange Deribit has raised funds from existing shareholders at a $400 million valuation, The Block reported, citing “four sources with the knowledge of the matter.”
The two of these sources claimed that the exchange raised around $40 million in the deal, with...
Singapore strives to remain relevant amid regulatory tightening for retail investors
26.9.2022
Singapore's largest bank expanded crypto trading for accredited investors only, aligned with financial authorities' views
US Court Authorizes IRS to Issue Summons for Crypto Investors’ Records
26.9.2022
The Internal Revenue Service (IRS) has obtained a “court order authorizing summons for records relating to U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions.” The IRS commissioner commented: “The government’s ability to obtain third-party...
Fed Chair Jerome Powell Says a ‘Difficult Correction’ Should Balance US Housing Market
25.9.2022
Following the Covid-19 pandemic, real estate investors did extremely well, despite the millions of Americans that were put out of work and faced evictions during the lockdowns in 2020. Stimulus put a bandage on the financial wounds inflicted by Mainstreet business shutdowns and deadlocked supply...
LUNC investors react to CZ's 1.2% trading tax recommendation on Binance
25.9.2022
Changpeng Zhao, the CEO of Binance, recommended a flat 1.2% trading tax on LUNC trades that could be burned to reduce the token’s total supply and improve its price performance
Robert Kiyosaki Says End of Fake Money Is Here — Shares 3 Lessons to Help Investors Amid Market Crashes
25.9.2022
After predicting the biggest crash in world history, Robert Kiyosaki, the famous author of the best-selling book Rich Dad Poor Dad, says the “end is here” for fake money. He reiterated three lessons that will help investors “do well in market crashes.” Robert Kiyosaki...
FTX Crypto Exchange VC Investors Value it at $32 Billion - Are They Mad or Savvy?
23.9.2022
Major crypto exchange FTX is holding discussions with potential investors regarding a funding round worth up to $1 billion. This is to allow the firm’s January 2022 valuation of about $32 billion to stay in line with previous financing from earlier this year. ...
Read More: FTX Crypto Exchange...
Lawyers for Celsius investors file motion to have interests represented in court
23.9.2022
The legal team requested the court appoint a committee representing certain shareholders or the case could end up "inappropriately and inequitably skewed in favor of the customers."
‘Investors Are Running out of Havens’ — Erratic Behavior in US Bond Markets Points to Deep Recession, Elevated Sovereign Risk
22.9.2022
Yields on long-dated U.S. Treasuries have been erratic this year and this week, the 10-year Treasury yield crossed 3.5% for the first time in a decade. Following the Fed’s 75bps (basis points) rate hike, 10-year notes reached 3.642% and two-year Treasury notes jumped to a 15-year high...
3 Ways Traditional Investors Can Gain Crypto Exposure
22.9.2022
Direct investment into cryptocurrency is just one way clients of financial advisors can participate in the new asset class
FTX in talks with investors to raise $1B for further acquisitions — Reports
22.9.2022
The potential $1 billion funding round would add to the $400 million FTX raised in January, with the firm said to be seeking more capital to snap up deals amid the crypto winter
Fed Preview: Bitcoin Investors to Look Past Jumbo Rate Hike and Focus on Economic Assessment and Borrowing Cost Estimates
21.9.2022
The economy has remained stronger than policymakers expected in July. So hawkish risk is that chairman Powell says the inflation fight is still in early stages, implying a higher terminal or peak rate
Downfall of Canada's Lambo driving ‘Crypto King’ reportedly sees $35M in losses
21.9.2022
Founder of fraud recovery law firm says the only other avenue available for investors would be to make reports to the Ontario Securities Commission or the police
‘Fear of the unknown’ holds back tradfi investors from crypto — Bloomberg analyst
21.9.2022
Bloomberg crypto analyst Jamie Coutts believes it's a “missed opportunity” that traditional asset managers choose not the educate themselves on crypto
Nasdaq Establishes Crypto Unit — Sees Increased Demand for Digital Assets Among Institutional Investors
20.9.2022
Nasdaq has announced the launch of “Nasdaq Digital Assets” citing increased demand for digital assets among institutional investors in recent years. Initially, the new crypto unit will offer custody solutions for bitcoin and ether to institutional investors. Nasdaq Establishes Crypto...