Su Zhu and Kyle Davies, the founders of the failed crypto hedge fund Three Arrows Capital (3AC), are reportedly looking to raise capital for GTX, a new cryptocurrency exchange in collaboration with Coinflex’s Mark Lamb and Sudhu Arumugam. According to the pitch deck, the company seeks $25 million to start. …
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After 66 agonizing days, Bitcoin (BTC) price finally broke above the $20,000 psychological resistance on Jan. 14. At the same time, the current $400 billion market capitalization gives BTC a position in the top-20 global tradable assets, surpassing giants like Walmart (WMT), Mastercard (MA) and Meta Platforms (META). From one …
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Ethereum now has over 500,000 validators keeping the network secure ahead of its highly anticipated Shanghai upgrade, scheduled for March. The upgrade will allow such validators to withdraw their ETH from Ethereum’s staking contract – some of which has been locked up for years. Ethereum’s Surge in Validators According to …
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Bitcoin’s (BTC) price has followed a four-year cycle with consecutive bull and bear trends occuring in somewhat measurable intervals. A closer look at Bitcoin’s long-term price action reveals that the run-up to the top and bottom of the previous cycles look remarkably similar. What’s more interesting is that the 2020 …
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Crypto pioneers and decentralized finance companies often talk about their commitment to opening up financial opportunities to underserved populations, but that’s only half the battle in achieving success for this fledgling industry. Global consumers must be confident that the funds they invest with crypto companies are safe, secure and accessible …
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Bitcoin (BTC) spiked higher around the Jan. 17 Wall Street open as nervous analysts waited for further cues. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Opinions diverge over Bitcoin’s fate Data from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly touching $21,594 on Bitstamp, marking its highest since Sep. 13. …
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The broader cryptocurrency market has seen improvement in investor sentiment in the last weeks, and so has XRP. Even the global crypto market cap is up by 0.11%, reflecting the rate at which most tokens are rallying over the past few days. A recent WhaleAlert report reveals massive XRP whale …
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[PRESS RELEASE – Please Read Disclaimer] (Victoria, Seychelles, 17 Jan 2023) – Leading crypto derivatives exchange Bitget announces to be the first exchange to launch copy trading in the spot market. As the first exchange for offering copy trading for derivatives in 2020, Bitget has honed its highly liquid, highly …
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New York banking powerhouse Morgan Stanley has posted its Q4 2022 financial report, which reveals mixed results. Morgan Stanley (NYSE: MS) recently posted its Q4 2022 earnings report, surpassing consensus estimates. The New York-based banking giant received a significant boost in its latest quarterly bottom line from record wealth management revenue. For …
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With the “Merge”, the Ethereum blockchain successfully mastered the biggest upgrade in its history on September 15 last year. Even before the switch to Proof of Stake (PoS), investors were able to stake ETH to receive rewards. However, the prerequisite was that a minimum of 32 ETH had to be …
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2022 was the year the wheels fell off the metaverse bandwagon, which had been the most hyped narrative as the year began. By far the worst-performing sector in blockchain, the average drawdown was 89%. Even Facebook’s grand plans to dominate the metaverse are in disarray; it’s losing more than $1 …
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Previously, the Chinese CBDC has been subjected to a series of retail trials in some of its most technologically advanced regions including but not limited to Shanghai and Suzhou. As the most advanced economy with an active Central Bank Digital Currency (CBDC) in circulation, China’s Digital Yuan (e-CNY) is now …
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