Tag: COIN:BTCUSD
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Crypto This Thursday: Bitstamp Ends Staking in the US, Drop in Renowned NFTs Signals Volatility, and more
Decreased leverage in Ether and Bitcoin futures on Binance The value of the US dollar in perpetual Ether (COIN:ETHUSD) futures contracts on Binance has dropped to its lowest level in 13 months, standing at $1.41 billion. This 35% drop in one week mirrors the deleveraging seen in the spot market. By comparison, Bitcoin perpetual futures (COIN:BTCUSD) are…
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Crypto This Wednesday: Shopify Integrates Solana Pay, MoonPay Fixes Binance.US Failure, and More
Bitcoin teeters below $26,000 ahead of Jackson Hole Bitcoin (COIN:BTCUSD) briefly dipped below $26,000 with a weekly drop of 10.42% as the market awaits the central bankers meeting in Jackson Hole. At the time of writing, Bitcoin is trading at $26,382,32. Fundstrat’s Sean Farrell suggests Powell’s dovish comments could drive the recovery and notes a possible market…
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Crypto This Monday: Buterin Transfer Shakes Crypto Market, Friend.tech Captivates Celebrities, and More
Withdrawals after market crash In the last week, crypto asset managers such as Grayscale and Bitwise have seen outflows of $55 million, reversing previous inflows of $28.5 million. This move was influenced by the crypto market crash, with Bitcoin (COIN:BTCUSD) and Ether (COIN:ETHUSD) down around 11% and 10% in the past week, respectively. The delay in deciding…
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Crypto This Friday: Mastercard Announces CBDC Partner Program, BTC Under 26K, and More
Bitcoin crash and liquidity impact Bitcoin (COIN:BTCUSD) opened near two-month lows at $26.016 after extreme sell-offs on Aug. The sharp selloffs appear to be an overreaction to SpaceX’s writedown of $373 million worth of BTC. Speculation also points out that a major player may have been liquidated at Deribit. Meanwhile, spot sales remain 50% below their 2023 peak.…
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Crypto This Thursday: Bitcoin Under 28K, Troubled Shibarium Launch, and More
Pressure on cryptocurrencies On Thursday, cryptocurrencies took a hit due to renewed concerns about the US economy. This drop occurred after the release of records from the last Federal Reserve meeting, where the body expressed concerns about inflation and possible interest rate hikes. As a result, the stock market has slumped and the 10-year US Treasury yield…
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Crypto This Wednesday: Coinbase to Trade Crypto Futures, Ledger Integrates with PayPal, and More
Coinbase gets approval for cryptocurrency futures, boosts its shares Coinbase Global (NASDAQ:COIN) gained approval from the National Futures Association to offer cryptocurrency futures contracts to U.S. retail customers, leading to a 5% increase in its stock ahead of the market open. This approval comes as Coinbase is in litigation with the SEC, which alleges that the…
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Crypto This Tuesday: Jacobi Launches Spot Bitcoin ETF in Europe, Prime Trust Declares Bankruptcy, and More
Jacobi opens European mark with Spot Bitcoin ETF on Euronext Amsterdam London-based Jacobi Asset Management has launched Europe’s first physical Bitcoin ETF on Euronext Amsterdam, nearly two years after its initial approval. The ETF, named Jacobi FT Wilshere Bitcoin, is overseen by the Guernsey Financial Services Commission and has the ticker “BCOIN”. Fidelity Digital Assets handles custody,…
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Crypto This Monday: HBAR Jumps, Trump Unveils Crypto Equity, PayPal Introduces Cryptocurrencies Hub, and More
Hedera Hashgraph and the rise driven by FedNow Hedera Hashgraph’s HBAR token (COIN:HBARUSD) is up 17.65% at press time. The move came after the Federal Reserve’s FedNow added Hedera-based micropayments platform Dropp. FedNow is the Fed’s instant payment service. Meanwhile, Bitcoin (COIN:BTCUSD) and Ethereum (COIN:ETHUSD) are up 1.05% and 0.68% over the last 24 hours, respectively. BALD’s…
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Crypto this Friday: Visa Tests Ether Fees, Kraken Outperforms Coinbase on Altcoins, SEC Delays ARK ETF
SEC postpones decision on ARK Bitcoin ETF SEC has postponed the decision on the Bitcoin ETF proposed by ARK Investment Management. On August 11, SEC launched a 21-day public comment period for the ETF. ARK had filed in May, and SEC has until January 2024 to decide. To be listed, the ETF needs to meet certain regulatory criteria. Cathie…
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Crypto this Thursday: Amazon Launches Exclusive NFTs, Coinbase Base Starts Slow, and More
Amazon dives into the Play-to-Earn universe with exclusive NFTs Amazon (NASDAQ:AMZN) is offering its 170 million top subscribers the chance to claim unique non-fungible tokens (NFTs) in popular blockchain games such as Mojo Melee and Blankos Block Party. Starting August 9th, Amazon Prime members will receive a variety of NFTs that offer unique benefits in games…