News - Page 43

In a recent testimony, the speaker expressed their initial goal of building a revolutionary product that would integrate the best features of traditional financial products and the crypto ecosystem. However, the outcome was far from what they had anticipated.

Animoca, a prominent name in the Web3 investment sector, has been making waves for several years. In July 2022, the company reached a valuation of $6 billion, with backing from Singapore's state investment fund, Temasek.

Bitcoin price officially formed a “Golden Cross” on October 30, indicating a potential all-time high (ATH) in the future. Traders and institutional investors have been closely monitoring BTC chart patterns and have already made significant investments in anticipation of this historic event.

Ethereum (ETH) price has been steadily rising, indicating a strong bullish grip with support above $1,800. Investors are optimistic about Ethereum's long-term prospects and are positioning themselves ahead of the next bull market.

The DeFi sector has experienced a successful month, but it is not without risks. One of the main concerns is the potential for on-chain liquidations triggered by a decline in the price of ETH.

Market capitalization and realized value are two important metrics used in the cryptocurrency market to assess the value of a particular coin or token. In this article, we will explore what these metrics mean and how they are calculated.

The Hong Kong central bank has stated that it has not yet made a decision on whether to introduce an e-HKD. However, it acknowledges that a retail central bank digital currency (CBDC) could potentially add unique value to the financial system. The report highlights the need for further investigation into the potential benefits and risks of introducing a retail CBDC. By conducting thorough research and analysis, the central bank aims to make an informed decision that aligns with the interests of the Hong Kong economy and its stakeholders. The introduction of a retail CBDC could have significant implications for the financial landscape, including increased efficiency, accessibility, and security. However, it is crucial to carefully evaluate the potential challenges and ensure that the benefits outweigh the risks. Therefore, further investigation is necessary to fully understand the implications and make an informed decision on whether to introduce a retail CBDC in Hong Kong.

In early June, a lawsuit was filed against Dudas for defamation. The lawsuit was brought by OPNX, who accused Dudas of making defamatory statements about its backers on Twitter. The statements referred to the backers as 'unrepentant scammers' who had defrauded their former business partners.

Tokenization is gaining popularity among banking giants and institutions worldwide. It involves digitizing real-world assets using blockchain technology. Major economies are testing bond issuance and fund tokenization to potentially improve the efficiency of global financial markets.

In the ongoing criminal fraud trial of Bankman-Fried, the CEO of FTX and Alameda Research, he finally took the stand to defend himself. He argued that the collapse of FTX and Alameda Research was not a deliberate fraud, but rather the result of various screw-ups and errors. Bankman-Fried emphasized that these issues were not solely his responsibility, but also the fault of his hand-picked lieutenants.

In a recent strategy session, crypto analyst Jason Pizzino shared his insights on when Bitcoin (BTC) could reach its next all-time high. Pizzino, who has a substantial following on YouTube, highlighted the historical correlation between Bitcoin's performance and that of the S&P 500.

According to André Dragosch, head of research at Deutsche Digital Assets, there has been a noticeable rise in activity among both small and large BTC wallet entities. This suggests that smaller investors are increasingly entering the market. The median value of transfer volumes on the Bitcoin blockchain has also seen a significant increase, indicating greater participation from small investors.

The UK government's finance arm, the Treasury, recently conducted a consultation on cryptocurrencies. The consultation, which took place from February to April, aimed to gather insights and opinions on the regulation of cryptocurrencies.

Last week, Cardano (ADA), Shiba Inu (SHIB), Dogecoin (DOGE), and Injective (INJ) experienced a significant rally in the crypto market, with gains of over 10%. However, a well-known analyst, Ali Martinez, has predicted a correction for these cryptocurrencies based on the TD Sequential indicator's sell signal.

A long-dormant Dogecoin (DOGE) wallet has suddenly awakened from its slumber, moving hundreds of thousands of dollars worth of the memecoin after nearly a decade of inactivity.

The cryptocurrency business in Thailand is experiencing increased competition as major players enter the market. With the owner of Gulf, one of Thailand's wealthiest individuals, joining the industry, the dynamics are expected to change significantly. The substantial capital and influence of these giants may present survival challenges for smaller players in the field.