A Pan-Asian Digital Currency? Good Luck Getting Rivals to Cooperate; Cryptos Hold Steady in Weekend Trading

The largest cryptocurrency by market value was recently trading at about $19,250, slightly up over the previous 24 hours and from where it stood at the start of the weekend. BTC has traded listlessly within a narrow $19,000 to $21,000 range it’s held for much of the past month. Analysts see the trend continuing short of an unexpected catalyst in the weeks ahead. Author: Sam Reynolds, James Rubin Source link

How Crypto Sectors Are Trading Through the Dollar Strength ‘Tsunami’

As a whole, crypto fared far worse than equities in the week following the CPI data release. The CoinDesk Market Index (CMI), a cap-weighted index of 148 of the largest cryptocurrencies, slid 13.5% during those seven days. Here, too, we find variances based on sector. The CoinDesk Smart Contract Platform Index (SMT) – which includes the likes of ether (ETH), Cardano’s ADA, and Solana’s SOL – tumbled 19.8%. To be sure, a sizable portion was due to ether’s post-Merge drop and not just because of general market conditions, though other…

LUNC investors react to CZ’s 1.2% trading tax recommendation on Binance

The infamous collapse of the Terra ecosystem, which erased market prices of TerraUSD (UST) and LUNA tokens, continues to trouble anxious investors as co-founder Do Kwon, crypto exchanges and the community together tries to identify the best route for a sustainable price recovery. Most recently, Changpeng ‘CZ’ Zhao, the CEO of crypto exchange Binance, recommended a flat 1.2% trading tax on LUNC trades that could be burned to reduce the token’s total supply and improve its price performance. Addressing the community, CZ stated: “We will implement an opt-in button (on…

Framework to ban members of Congress and SCOTUS from trading stocks includes crypto provision

Members of the United States House of Representatives and Senate as well as Supreme Court justices currently trading cryptocurrencies may have to stop HODLing while in office should a bill get enough votes. According to a framework released on Thursday, chair Zoe Lofgren of the Committee on House Administration — responsible for the day-to-day operations of the House — said she had a “meaningful and effective plan to combat financial conflicts of interest” in the U.S. Congress by restricting the financial activities of lawmakers and SCOTUS justices, as well as…

Ether y bitcoin se debilitan mientras empresas de trading culpan a la falta de catalizadores alcistas por el desplome del mercado

Bitcoin, la criptomoneda más importante por valor de mercado, cayó hasta US$18.300, el número más bajo desde el 19 de junio, según datos de CoinDesk. Mientras tanto, ether, el token nativo de la blockchain de Ethereum —recientemente tuvo un tan esperado y supuestamente favorable cambio tecnológico llamado merge o fusión—, se deslizó a US$1580, un mínimo de dos meses. La capitalización total de mercado disminuyó a US$858.000 millones, el mínimo desde mediados de julio. Author: Omkar Godbole Source link

Bitcoin Has Not Bottomed Out, Data Suggests; Ether and Other Altcoins Fall in Monday Trading

One of them, developed by CryptoQuant’s research team, is the Whale Exchange Inflow Price. This metric, which it says signaled the bottom in 2013 and 2018, measures the price at which bitcoin whales (those that hold between 1,000-10,000 bitcoins) have sent bitcoin to exchanges. Currently, CryptoQuant puts this number at $10,335. Author: Sam Reynolds, James Rubin Source link

Coinbase selected by BlackRock; provide Aladdin clients access to crypto trading and custody via Coinbase Prime | by Coinbase | Aug, 2022

Tl;dr: Coinbase and BlackRock to create new access points for institutional crypto adoption by connecting Coinbase Prime and Aladdin By Brett Tejpaul, Head of Coinbase Institutional and Greg Tusar, Vice President, Institutional Product Over the past few years, Coinbase has played a central role in developing and strengthening crypto markets as the safest, most trusted bridge to the cryptoeconomy. Today marks an exciting next step on our journey as we announce that Coinbase is partnering with BlackRock, the world’s largest asset manager, to provide institutional clients of Aladdin®, BlackRock’s end-to-end…