Author: CryptoHoppers
Bitcoin (BTC) crashed below $69,000 on Sunday resulting in significant levels of market liquidations. Interestingly, analysts have also noted a correlation of this decline with a decrease in the winning odds of US Republican presidential candidate Donald Trump ahead of the general elections on November 5. Bitcoin Price Fall Induces $232.6 Million In Liquidations In the last few days, Bitcoin has witnessed some significant price re-correction following a prolonged price rally in October during which it gained by 20%. The price of the premier cryptocurrency initially dropped from above $73,000 on Friday finding support around the $69,000 region. Following a…
Medical device maker Semler Scientific says it remains “laser focused” on acquiring and holding more Bitcoin after its crypto reserves surpassed 1,050 BTC. Healthcare manufacturer Semler Scientific now holds $1,058 Bitcoin (BTC), worth $71 million, after it purchased 47 BTC in Q3. In a Q3 financial results report, Doug Murphy-Chutorian, chief executive officer of the Santa Clara-headquartered company said Semler Scientific remains “laser focused on acquiring and holding Bitcoin, while supporting innovation and growth in our healthcare business.” “We plan to continue to purchase Bitcoin with cash from operations and with cash proceeds from our sales under our ATM program.…
Key Takeaways US spot Bitcoin ETFs saw one of their largest single-day outflows on November 4. Bitcoin’s price fell below $70,000 coinciding with massive ETF outflows. Share this article US spot Bitcoin ETFs suffered their second-largest single-day outflow since launch, with investors withdrawing $541 million on November 4, according to data from Farside Investors.The selloff just trailed behind the record of $563 million set on May 1, with Fidelity’s FBTC experiencing the heaviest withdrawals at $170 million on Monday, its second-biggest daily outflow to date.Ark Invest’s ARKB and Bitwise’s BITB posted their worst performances since inception, with outflows of $138…
The Pakistani government has proposed amendments to the State Bank of Pakistan (SBP) Act to recognize central bank digital currencies (CBDCs) as legal tender. These changes would authorize the central bank to issue, regulate, and manage digital currency in both digital and physical forms. The amendments expand Section 24 to include digital issuance alongside traditional […] Source link
Key Takeaways Coinbase found over 20 FDIC letters restricting banks from offering crypto services. FDIC’s concerns include consumer protection and financial stability with crypto risks. Share this article Coinbase recently discovered over 20 documented cases where the Federal Deposit Insurance Corporation (FDIC) advised banks to pause or avoid crypto-related activities. The Vaughn Index, filed by the FDIC, outlines letters where FDIC representatives cautioned banks about the potential risks associated with crypto assets, focusing on consumer protection, financial stability, and operational safety.The documents include correspondence between the FDIC and various banks, revealing that as far back as March 2022, the FDIC was…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, a public records inquiry reveals contradictions in the reported results for ‘Adopting El Salvador,’ Brazil mulls taxing stablecoin remittances, and a Bolivian bank offers USDT services for the first time. Public Records Inquiry […] Source link
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the crypto market gains momentum, affordable altcoins show growth potential. Discover three low-cost coins poised for explosive gains. As the cryptocurrency market gains momentum in the final quarter, certain affordable altcoins are catching the eye of investors. These low-cost digital assets are showing promising signs of significant growth potential. This article delves into three such cryptocurrencies that could experience explosive increases during the bullish surge ahead. BlastUP: The game-changing token empowering startups with explosive 100x growth potential BLASTUP…
First Digital Labs, a Honk Kong based company that specializes in digital asset innovation and research & development, has made a groundbreaking announcement of expanding their stabelcoin FDUSD on Solana ecosystem. 1/ FDUSD expands to Solana 🔥 We’re thrilled to share that $FDUSD will be available on the @solana blockchain, bringing faster, more efficient transactions to our users and expanding our reach across the digital asset ecosystem. pic.twitter.com/e8vYCgUEeq — First Digital Labs (@FDLabsHQ) October 30, 2024 Official Announcement on X Benefit of Integrating with Solana This integration will enhance the transaction speed, as it will complete one transaction in mere…
Key Takeaways UBS Asset Management launched its first tokenized fund on the Ethereum blockchain. The bank manages $5.7 trillion in assets and aims to meet growing investor demand for tokenized financial assets. Share this article UBS Asset Management announced today the launch of its first tokenized fund, the “UBS USD Money Market Investment Fund Token” (uMINT), on Ethereum’s blockchain.UBS, managing 5.7 trillion dollars in assets, will allow investors access to a high-quality, risk-managed money market investment product through authorized distribution partners.Thomas Kaegi, Co-Head of UBS Asset Management APAC, commented on the shift, saying, “We have seen growing investor appetite for tokenized…
After a prison sentence and forced exit from Binance’s leadership, Changpeng Zhao hints at bold, unexpected ventures ahead — charting a path few could foresee. From Prison to Plans: Binance’s CZ Unveils a Future Few Could Predict Binance cofounder and former CEO Changpeng Zhao (CZ) has declared he has no desire to return to the […] Source link