BIT Dubai Exchange Adds Filecoin (FIL) Options Trading to Meet Growing Demand

Cardano's Project Catalyst, a decentralized fundraising initiative fueled by the ADA cryptocurrency, has completed Fund 10 with notable success. This initiative allows the Cardano community to propose, vote on, and financially support projects that contribute to the platform's growth and innovation. ...

Cardano’s Profitability Dwindles: 0% of Holders in Profit, 95% in Losses

Cardano (ADA) has faced a challenging period in terms of profitability for its holders in 2023. Data from the on-chain tracking website IntoTheBlock indicates that ADA has underperformed compared to other cryptocurrencies in the top 10, with a significant drop in profitability for its investors. ...

Nomura’s Laser Digital Launches Bitcoin Adoption Fund Targeting Institutional Investors

Nomura's digital asset subsidiary, Laser Digital Asset Management, has introduced the Bitcoin Adoption Fund, targeting institutional investors. This Bitcoin (BTC)-based fund represents the first in a series of digital adoption investment solutions that the firm plans to launch. Nomura, a Japanese fi ...

Major Financial Institutions Developing Cryptocurrency Trading Platforms: Report

The Financial Times reports that major traditional financial institutions, including Standard Chartered, Nomura and Charles Schwab, are developing their own cryptocurrency trading platforms. It certainly makes sense for Wall Street giants to launch their own cryptocurrency ...

TradeBlock, Brokerage Subsidiary of Digital Currency Group, to Cease Operations

Digital Currency Group (DCG) announced the closure of its brokerage subsidiary, TradeBlock, which will cease operations on May 31 due to the uncertain regulatory environment. TradeBlock provides institutional investors with trading and brokerage services. The company is ...

BitPanda and Coinbase Partnership Expands European Market Access

This will give the exchange access to the European market The deal is seen as another step by the company to explore outside destinations As rumors of a possible "move" of Coinbase grow louder Austrian cryptocurrency investment company BitPanda has si ...

Analyzing Bitcoin’s Price Fluctuation: Bearish Pennant Pattern Sparks Concerns

The legendary trader noticed a "pennant" or "flag" on the bitcoin price fluctuation chart, which, according to the crypto investor, has short-term bearish implications. Pennants are patterns that traders often use to predict future market movements. According to the as ...

Cryptocurrency Analyst Foresees Strong Fluctuations for Bitcoin Price Before Potential Upsurge

Cryptocurrency analyst believes that the price of the first cryptocurrency may undergo strong fluctuations before it begins to rise. "Perhaps one more shake-up, then a push up. But hey, it's just a guess, and a guess is the best we can offer," Peter B ...

U.S. Risks Losing Cryptocurrency Industry Leadership Amid Regulatory Pressure

Akk Invest published a report saying that the U.S. is at risk of ceding leadership in the cryptocurrency industry amid increasing regulatory pressure in the country. The report noted that major trading firms, including Jane Street Group and Jump Trading, are reducing their ...

Institutional Investors Continue to Withdraw Funds from Cryptocurrency Trusts

CoinShares reported in another weekly market review that institutional investors have withdrawn funds from cryptocurrency trusts for the fifth week in a row. Between May 15 and May 19, $32 million in assets were withdrawn from cryptocurrency investment trusts. Total outf ...

Blockchain Technology Poised to Drive £4.5 Billion Investment in Scottish Economy

According to a new Scottish Enterprise report, blockchain technology could attract about £4.5 billion (about $6 billion) of investment in the Scottish economy by the end of the decade. A report by Scottish Enterprise, Scotland's national economic development agency, reports ...

Bakkt Eyes European Market Entry Following MiCA Cryptocurrency Regulation

American regulated cryptocurrency platform for institutional investors Bakkt is interested in entering the European market after the passage of the MiCA cryptocurrency regulation law. Bakkt product director Dan O'Pray said that Bakkt is looking positively at the development ...

Ripple Acquires Swiss Crypto Storage Provider Metaco for $250 Million

Ripple acquired Swiss startup Metaco, which provides cryptocurrency storage services. The amount of the deal was $250 million. The purchase was a key part of the company's strategy to expand outside the U.S. in the face of regulatory uncertainty. In addition, the compa ...

Tether Diversifies Reserves, Invests $1.5 Billion in Bitcoin: Tether’s Approach to Asset Management

The management of the operator of the largest stabelcoin Tether decided to invest in bitcoin up to 15% of net profit every month to diversify reserves. As of now, the company has already invested $1.5 billion in BTC. While many com ...

Cryptocurrency Companies Raised $2.6 Billion in Q1 2023, Marking a Decline in Investment Activity

In the first quarter of 2023,  cryptocurrency companies raised a total of $2.6 billion in 353 rounds of investment. The analytical platform PitchBook wrote about it in a report. The platform's experts noted an 11% decrease in deal value and a 12.2% decrease in the total n ...

Cryptocurrency Funds Experience Continued Outflows, Losing $54 Million in a Week

In another weekly review, CoinShares reported that $54 million in assets were withdrawn from cryptocurrency investment products for institutional investors between May 8 and 12. Note that this is the fourth week in a row that cryptocurrency funds have fallen in capitaliza ...

Understanding Iceberg Orders: Splitting Large Trades to Avoid Market Disruption

Trading cryptocurrencies on centralized exchanges (CEX), you encounter order books that carry information about bids. But it turns out that the data you have is not complete. The reason for this is the iceberg applications. ...

FTX to Sell Cryptocurrency Derivatives Platform LedgerX to Miami International Holdings for $50M

FTX, a bankrupt crypto exchange, has agreed to sell its cryptocurrency derivatives platform LedgerX to Miami International Holdings for $50 million. The sale is still subject to customary closing conditions, including approval from US regulators. The deal is expected to be approved during a sa ...

Avalanche’s Cortina Update: Impact on AVAX Price and Ecosystem

Efirium developers had just had time to make a Shapella update when one of its main competitors, Avalanche, announced improvements to its ecosystem. What is it and how will it affect the price of AVAX? ...

Societe Generale-Forge Launches EUR CoinVertible Stablecoin

Societe Generale-Forge (SG-Forge), a subsidiary of the French banking giant Societe Generale, has introduced a new stablecoin called EUR CoinVertible, which is pegged to the European currency. The regulated company has designed this stablecoin for qualified institutional investors who have comple ...

London Stock Exchange partners with Global Futures and Options to launch UK’s first regulated bitcoin futures and options trading

The London Stock Exchange has joined forces with Global Futures and Options to introduce the UK's premier controlled trading platform for bitcoin futures and options. This groundbreaking collaboration between the LSE and the GFO-X trading platform has been announced via a joint statement, confirm ...

Chinese Government-backed CPIC Investment Management Launches Two Cryptocurrency Funds

CPIC Investment Management, a China Pacific Insurance Company (CPIC) subsidiary that is government-backed, has announced the launch of two new cryptocurrency funds. These funds will be focused on investing in blockchain technology, as well as digital asset staking. The launch of these funds wi ...

Institutional Investors Show Strong Interest in Cryptocurrency ETFs

BBH recently conducted a sentiment survey among institutional investors, revealing a significant interest in cryptocurrencies, despite a temporary slowdown in purchases. BBH analysts surveyed a diverse group of 325 institutional investors, financial advisors, and fund managers from the US, UK, Eu ...

Blocknox Receives License to Offer Cryptocurrency Services in Germany

Blocknox, a subsidiary of the Stuttgart Stock Exchange, has been granted a license by the German Federal Financial Supervisory Authority (BaFin) to offer a range of services related to cryptocurrencies. This license now allows Boerse Stuttgart Digital to provide storage, trading, and management s ...

FTX’s Customer Problems Could Extend Crypto Winter Until End of 2023, According to Coinbase Analysts

According to the Coinbase team, FTX's recent customer problems are just the beginning of a much larger issue in the world of cryptocurrency. They suggest that "second order effects" will extend the crypto winter until the end of 2023. This is due to the fact that a significant amount of funds fro ...

Raoul Pal Believes Bitcoin Could Reach $50,000 in a Year Amid US Economic Crisis

Raoul Pal, the former Goldman Sachs executive and CEO of Real Vision, is optimistic about Bitcoin's future despite the current banking and economic crisis in the US. In a recent interview with Morgan Creek Digital founder Anthony Pompliano, Pal expressed his belief that Bitcoin could reach $50,00 ...

Bitcoin Funds See Drop in Holdings Amid Lack of Institutional Investor Interest

In the midst of recent turmoil in the cryptocurrency market, which was triggered by the simultaneous collapse of several crypto-oriented banks in the United States, bitcoin funds have experienced a significant decline in their asset holdings. As a result, the total amount of BTC held by these fun ...

Record $255 Million Withdrawn from Crypto Funds and Trusts in Five Days

The American banking industry's recent events have sent shockwaves throughout the investment community, causing major institutional investors to panic. Over the course of just five days, a staggering $255 million was withdrawn from cryptocurrency funds and trusts. This marks the fifth week in ...

Hong Kong Issues World’s First Tokenized Eco-Friendly Bonds

Hong Kong Monetary Authority (HKMA) has made history by issuing HK$800M ($101.9M) worth of tokenized green bonds, making it the first-ever "green debt" issued by a government. The move is in line with Hong Kong authorities' efforts to attract institutional investors by introducing eco-friendly bonds ...