Fundamental Development:- Binance Coin’s (BNB) daily transaction volume has dropped by 58.2% as of July 11.Daily transaction volume for ETH and SOL has dropped 13.7% and 18.1%.BNB’s price seems the most resilient in this bear market.According to a report released from CoinMarketCap Alexandria, Binance Coin’s (BNB) daily transaction volume has dropped by 58.2%...
Fundamental Development:- Why Coinbase is banning slide decks and 'endless meetings' Crypto exchange Coin base is getting rid of slide decks and “endless meetings” as a way to improve productivity following the purge of roughly 18% of employees last month.In a July 13 blog post, Coin base CEO Brian Armstrong noted that the company is currently focused on...
Fundamental Development:- Capitulation ongoing but markets not at the bottom yet: Glassnode Bitcoin wealth is being distributed from weak hands to strong hands due to ongoing capitulation from retail investors and miners, signaling that the bottom may be close.The latest ‘The Week On-Chain’ report from blockchain analysis firm Glassnode on July 11 explains that...
Fundamental Development:- Consumer confidence higher among crypto owners than normies Consumer confidence is considerably higher among crypto owners than the average American adult, with crypto owners sitting 16.4 points higher on the consumer sentiment index. A July 7 report from research firm Morning Consult shows that although average United States (U.S.)...
Fundamental Development:- Crypto owners banned from working on US Government crypto policies US government officials who privately own cryptocurrencies are now banned from working on regulations and policies that could affect the value of digital assets. A new advisory notice released by the US Office of Government Ethics (OGE) on Tuesday stated that the de...
Fundamental Development:- Crypto community eyeing three macro events to tip crypto scales in July The crypto community is looking into three key dates this month that could profoundly impact the trajectory of the crypto market and the wider United States macroeconomic environment this year. On July 13, the monthly Consumer Price Index (CPI) and data relating to...
Fundamental Development:- Crypto-Winter Victim: Crypto Hedge Fund 3AC Files for Bankruptcy Singapore-based 3AC is among the high-profile investors whose major capital has fallen into liquidation. This marked one of the biggest casualties of the latest “Crypto Winter.” Representatives from the company made the bankruptcy filing in a Southern District New York...
Fundamental Development:- Jacobi Asset Management to launch Europe's first Bitcoin ETF on Euro next Jacobi Asset Management said on Thursday that it would launch Europe's first Bitcoin exchange-traded-fund (ETF) on the Euronext exchange, in a sign of the crypto currency’s appeal despite its volatile price swings. The company said its Jacobi Bitcoin ETF would...
Fundamental Development:- Regulatory uncertainty creates rash of ‘novel’ lawsuits: Legal experts Regulatory uncertainty surrounding crypto has created a “fertile environment” for crypto-related litigation and enforcement to grow, according to lawyers from Choate Hall & Stewart LLP. In an analysis piece published on Law360 on June 28, lawyers from Choate Hall &...
Fundamental Development:- Institutional crypto asset products saw record weekly outflows of $423M Digital asset investment products saw record outflows totaling $423 million last week, with institutional investors from Canada representing nearly all of the carnage. According to the latest edition of Coin Shares’ weekly “Digital Asset Fund Flows” report,...
Fundamental Development:- Crypto conspiracy theories abound, but prop traders are just doing their job Alameda Research is a cryptocurrency trading firm and liquidity provider founded by crypto billionaire Sam Bank man-Fried (SBF). Before founding his firm in 2017, SBF spent three years as a trader at the quantitative proprietary trading giant Jane Street...
Fundamental Development:- 'Brutal and unrelentingly hard': Singapore regulator's clampdown on crypto Singapore’s financial regulator and central bank has pledged to be “brutal and unrelentingly hard” on any “bad behavior” from the cryptocurrency industry.The comments come from Monetary Authority of Singapore (MAS)’s chief fintech officer Sopnendu Mohanty,...
Fundamental Development:- China warns Bitcoin is heading to zero but BoE looks on the bright side The Chinese government has capitalized on the violent downturn in the crypto market by warning crypto investors that Bitcoin prices are “heading to zero.” The South China Morning Post reported on June 22 that Chinese national news media agency Economic Daily had...
Fundamental Development:- Central Bank of Jamaica Warns About Bitcoin and Defends Its CBDC crypto winter that has evaporated most of the value of cryptocurrencies, central banks and governments from almost all over the world that have CBDCs or work on the development of state digital currency projects, are warning about the risks of using and investing in...
Fundamental Development:- After starting a recovery wave above the USD 20,000 resistance zone, Bitcoin is facing a key hurdle near USD 20,500 and USD 21,200. It is currently consolidating above USD 20,500 and is up almost 3% in a day and down 9% in a week. Similarly, most major altcoins are stuck near key hurdles. ETH is struggling to clear USD 1,140 and USD...
Fundamental Development:- Stable coins highlight ‘structural fragilities’ of crypto — Federal Reserve The Federal Reserve’s board of governors pointed to stable coins as a potential risk to financial stability amid a volatile crypto market. In its Monetary Policy Report released on Friday, the board of governors of the Federal Reserve System said “the collapse...
Fundamental Development:- 126% return for stock market short-sellers who smelled blood in crypto waters Short-sellers have made a killing on various sectors of the U.S. stock market this year, but no other sector "held a candle” to the block chain industry, with crypto company short-sellers profits up 126% in 2022, according new data., technology and data...
Fundamental Development:- XRP was trading at $0.33748 . on the Investing.com Index on Thursday, up 10.04% on the day. It was the largest one-day percentage gain since February 25.The move upwards pushed XRP's market cap up to $16.24440B, or 1.70% of the total cryptocurrency market cap. At its highest, XRP's market cap was $83.44071B.XRP had traded in a range of...