Bitcoin Coinbase premium turns negative as BTC price stalls under $63K

Hong Kong-based international cryptocurrency exchange KuCoin has closed a Series A funding round worth $20 million, the company confirmed Nov. 14.Led by IDG Capital, Matrix Partners and Neo Global Capital, the funds will go towards the release of KuCoin’s 2.0 platform, expansion into new markets, research and more.“We will continue to spare no effort in…

Bullish sentiment surrounding crypto has not wavered despite the recent market correction that saw Bitcoin fall to sub-$57,000 levels. 458 Total views 17 Total shares Institutional investors were unfazed by the recent correction in the cryptocurrency markets, as digital asset funds dedicated to Bitcoin (BTC) and Ether (ETH) continued to grow, according to data from…

PostFinance’s parent firm Swiss Post is known for its pro-crypto stance, working on its own crypto custody services and issuing crypto stamp collectibles. 727 Total views 16 Total shares Own this piece of history Collect this article as an NFTPostFinance, a retail bank fully owned by the Swiss government, is preparing to offer cryptocurrency trading…

Archax, a London-based digital securities exchange, will use blockchain software firm R3’s Corda technology to manage post-trade activities.On Oct. 18, Archax announced in a press release that its post-trade processes will now run on distributed ledger technology. Archax will use a private version of Corda Enterprise within its own ecosystem.Graham Rodford, CEO of Archax, said…

U.S. citizens who lost out by getting no helicopter money will look to Bitcoin as an empowering alternative, argues Gabor Gurbacs. 1750 Total views 36 Total shares Bitcoin (BTC) will be most attractive to United States citizens whom the government refused to bail with $1,200, one market commentator says.As it emerged that stimulus checks may…

EigenLayer leads the restaking sector with a $12.9B TVL, driven by AVS rewards and growing interest in Ethereum-based restaking.

The U.S. Securities and Exchange Commission (SEC) took a major step toward streamlining digital asset securities settlement by compressing the previous four-step process into three in a bid to reduce operational risk for broker-dealers.The SEC issued a no-action letter on Sept. 25, stating it will not penalize any broker-dealer operating an alternative trading system (ATS)…

Bitcoin (BTC) millionaires are made when the BTC price crosses $20,000, data reveals.According to on-chain analytics firm Glassnode, there are currently over 67,000 BTC wallets worth $1 million or more.$20,000 makes 50-BTC hodlers happyBitcoin is famous for its relationship with the $20,000 price tag.Prominent since becoming the all-time high of Bitcoin’s previous halving cycle, $20,000…

Bitcoin and SPX share a high correlation index as the US stock approaches a new all-time high a day before the Fed cuts interest rates.