The US-based cryptocurrency exchange – Coinbase – announced it will strengthen its presence in Australia, allowing locals an “easier and safer” option to enter the digital asset industry. The company described “The Land Down Under” as a “hotbed of fintech innovation.” More Crypto Options for Aussies In a recent announcement, Nana Murugesan – Managing Director...Read More
Bitcoin (BTC) worth millions of dollars is suddenly being purchased by a crypto whale.In early Q4, 2022, Bitcoin, like all the other major cryptocurrencies, failed to end its recession. Some whales, though, are certain that dips are for purchase and the statistics of an unusual address on the Bitcoin network were revealed by anonymous Bitcoin...Read More
Grayscale – the world’s largest cryptocurrency asset manager – has announced a new investment product providing exposure to Bitcoin mining hardware. The fund will raise money for buying Bitcoin ASIC machines, which will be operated by Foundry Digital to mine and sell Bitcoin on behalf of investors. Grayscale’s Strategic Mining Play According to Grayscale’s website,...Read More
The native coin of Ripple, XRP, has become the top gainer among the major cryptocurrencies. This positive change in investors’ perception of XRP, has contributed to this extraordinary increase despite the bearish market conditions. This encouraging investor interest is emerging from the conflicted US SEC v. Ripple lawsuit. The price of XRP has increased by...Read More
Crypto staking service provider, Lido, launched on Ethereum layer 2 networks Arbitrum Bridge and Optimism. Lido first revealed its plans to expand stETH across the growing layer 2 decentralized finance ecosystem in July this year. The move is expected to further improve Ethereum staking accessibility. According to the official tweet, the expansion of wstETH, which...Read More
Arthur Hayes – co-founder of the crypto trading platform BitMex – published a lengthy blog post on Thursday arguing that central banks will be forced back into “money printing” due to various economic pressures. That money printing, he argued, will create inflation that drives up the price of alternative forms of money, like crypto and...Read More
Mt. Gox creditors could be one step closer to reclaiming their funds after nearly a decade of waiting. This is as the Rehabilitation Trustee has released a deadline for them to select their preferred repayment method. Nobuaki Kobayashi, the man in charge of the Mt. Gox rehabilitation process, published a new update for creditors on...Read More
Stocks started off the week in a rally, with wide benchmarks like the S&P 500, NASDAQ Composite, and Dow Jones posting gains. But the rally fell off with a sharp pullback Friday on new worries of increasing Fed rate hikes. The retracement was nearly enough to wipe out the gains from earlier in the week,...Read More
The Bitcoin market cycles display several unusual asymmetries. At the end of a bull market, investors tend to get overly optimistic, leading to a temporary parabolic price surge. When a bull market is nearing its end, rapid price growth poses a risk of bursting the speculative bubble, and it can be seen that the participants...Read More
