Why is the crypto market down today?
The cryptocurrency market’s growing correlation with the Nasdaq 100 hinders bullish prospects as the month draws to a close.
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Price analysis 12/30: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI
Investors have faced a tumultuous year in 2022 as stocks, bonds, and the cryptocurrency sector have all witnessed sharp declines. As of Nov. 30, the performance of a traditional portfolio comprising 60% stocks and 40% bonds has been the worst since 1932, according to a report by Financial Times.The next big question troubling crypto investors…
Bitcoin Broker River Financial Announces $5.7M Seed Round
The San Francisco-based Bitcoin financial services firm announced it had raised $5.7M in a seed funding round led by Polychain Capital. 1000 Total views 36 Total shares San Francisco-based Bitcoin financial services company River Financial announced it had raised $5.7 million in a new seed funding round.In an update posted to the company website on…
Key Bitcoin Price Metric Shows Drop in Investor Fear After BTC Halving
Recent data from Skew shows that Bitcoin’s (BTC) implied volatility plummeted after yesterday’s halving occurred. Generally, volatility is at the heart of any professional trader as it measures daily average price oscillations and gives insight into market conditions. As previously reported by Cointelegraph, Bitcoin’s halving event tends to increase volatility due to its significant uncertainties. Traders…
Cambodia’s Bakong Tourists app boosts regional payment options
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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 Bankman-Fried (SBF). Before founding his firm in 2017, SBF spent three years as a trader at the quantitative proprietary trading giant Jane Street Capital, which specializes in equity and bonds.In 2019, SBF founded the crypto derivatives and exchange FTX, which…
Large institutions sold $5.5B in BTC since May — and we’re still here
Since May 10, as much as 236,237 Bitcoin (worth $5.452 billion) has been sold by “large institutions” — mostly as a result of forced selling. A Twitter thread from Arcane Research analyst Vetle Lunde details how and when many institutional Bitcoin holders began selling their stacks. Lunde stated that “it all started with Do Kwon.” The…
Bloomberg: Amid Bear Market, Crypto Venture Fund Strategy Wins out Over Hedge Fund Model
Amid the 2018 market slump, the launch of new crypto venture funds for the first time exceeded that of new hedge funds in the space, according to a Bloomberg report on Jan. 30.Bloomberg cites data from Crypto Fund Research that indicates that 125 new crypto venture funds — which typically provide capital in exchange for…
More Russians are disclosing their cryptocurrency incomes: Report
Consulting firms, such as PwC Russia, said that Russians have been increasingly reporting their income from cryptocurrency operations. 2701 Total views 25 Total shares The number of cryptocurrency holding disclosures in Russia has been on the rise over the past several months, according to a new report.Russian news agency Izvestia reports Thursday that Russians have…