Joe Biden’s withdrawal wiped $67M in long positions in 30 minutes
US President Joe Biden’s withdrawal from the 2024 presidential race led to a sharp crypto dip followed by a near-immediate correction, leading to huge liquidations.
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Bitcoin Price, Stocks, Set to Correct If Fed Fails to Extend Stimulus
A recent newsletter to Delphi Digital clients delved into the economic aftermath of the coronavirus pandemic and how the current fiscal stimulus package from the U.S. Federal Reserve could be propping up equities markets and the entire economy. According to the firm, COVID-19-related government spending has breached the $1.1 trillion mark, bringing June’s monthly budget deficit…
Alchemy raises $80M to power the NFT boom as the ‘AWS of blockchain’
Alchemy is the platform behind NFT marketplaces OpenSea, Nifty, and many major collections. 1454 Total views 13 Total shares Blockchain developer Alchemy has announced that it has raised $80 million in a Series B round to further develop platforms that power non-fungible token marketplaces.The funding round, announced on Wednesday, April 28, was led by technology-focused…
ETH price loses ground, but network metrics say DeFi season not over yet
Ether has dropped around 30% from its 2020 high of $482 on Sept. 1 to $340 in five days. The drop in the price of Ether (ETH) and Bitcoin (BTC) was largely due to the rising dollar, which has stopped Bitcoin’s bull run in its tracks. Ether is still sitting at around $340, failing to…
Report: Microsoft to Add Blockchain Tools to Its Power Platform
American technology giant Microsoft will reportedly make blockchain-based tools available to PowerApps and Microsoft Flow users, tech-focused news outlet GeekWire reported on June 10.Microsoft will purportedly announce its plans to add blockchain tools to its Power Platform during the Microsoft Business Applications Summit on Monday in Atlanta. Specifically, artificial intelligence (AI) and blockchain tools will…
Gemini’s Travel Rule measures reflect ‘worrying creep’ of overregulation
Gemini will be restricting its UK users to sending only to 58 virtual asset service providers that are registered under the Travel Rule starting Nov. 17. A Trezor analyst argues the measures will go against the principles of Bitcoin and financial freedom. 280 Total views 13 Total shares Crypto exchange Gemini newly announced measures to
Crypto, Fiat Firms Discuss Cryptocurrency Legitimation in Closed-Door Nasdaq Meeting
A closed-door meeting was held by Nasdaq Inc. this week to discuss steps for legitimizing the crypto industry in global markets, Bloomberg reports today, July 27. Around half a dozen representatives from both traditional finance and the crypto industry firms –– among them reportedly the Winklevoss twins’ Gemini –– held a closed meeting in Chicago…
Crypto stocks surge alongside Bitcoin price rally
Crypto stocks’ strong performance was largely attributed to growing bets that Donald Trump will win the presidential election.
Italian Banca Generali to debut crypto services next year
Banca Generali will introduce crypto to its customers in 2021 following a partnership with an Italian custody service provider. 375 Total views 3 Total shares Major Italian private bank, Banca Generali, is planning to introduce cryptocurrency services in 2021. According to a Dec. 15 announcement, Banca Generali has entered a corporate and commercial partnership with Conio…