Cryptocurrency Analysis and News Portal
Lennard Neo, head of research at Stack Funds, attributed the cryptocurrency’s recent drop to the market uncertainty leading investors to take risk off the table. Bitcoin is seen by some investors as a risk-on asset, which generally refers to assets that have a significant degree of price volatility such as
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Blockchain oracle services firm Chainlink has added U.S. meteorology forecasting provider AccuWeather to further bolster its suite of real-world data feeds.Back in August of this year, Chainlink, which allows data providers to port data into the digital agreements that run on top of blockchains, announced it was incorporating weather data
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NYDIG said in a press release Tuesday that it is bringing on $1 billion in growth capital to lead bitcoin further into Wall Street.The round was led by WestCap and joined by Bessemer Venture Partners, FinTech Collective and existing investors Affirm, FIS, Fiserv, MassMutual, Morgan Stanley and New York Life,
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Avalanche, an Ethereum-rivaling smart contract blockchain, is adding a native version of USDC – the stablecoin backed by cash and liquid cash equivalents that is administered by Boston-based Circle.Bringing USDC to Avalanche should further grease the wheels of decentralized finance (DeFi) on the network, following a recently announced $200 million
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Dogecoin rose 33% after Tesla CEO Elon Musk said the electric carmaker would accept dogecoins as payment for its merchandise.“Tesla will make some merch buyable with Doge & see how it goes,” Musk tweeted.Dogecoin prices rose to as high as $0.20 following Musk’s tweet. They fell to $0.18 after the
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“The current macro de-risking attitude from traditional finance investors has also affected the broader crypto market, meaning that the most common names will see an obvious decrease in pricing,” James Wo, founder of crypto investment fund Digital Finance Group, said in a Telegram message. Original Source
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Bitcoin futures listed on the Chicago Mercantile Exchange (CME) have slipped into ‘backwardation,’ a market condition that represents declining institutional appetite for the cryptocurrency.Data tracked by Skew shows backwardation represented by futures drawing lower prices than the spot prices emerged on Monday with the one-month contract slipping to an annualized
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Huobi Singapore operates under FEU International, which is a subsidiary of Huobi Tech, a Hong Kong-listed company that is independent from Huobi Group. Huobi Group owns the crypto exchange Huobi Global, and shares two co-founders with Huobi Tech; Leon Li and Du Jun. Original Source
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Brazil’s only stock exchange, B3, plans to enter the crypto market in 2022, InfoMoney reported, citing a Dec. 10 presentation from B3 President Gilson Finkelsztain.B3 is exploring opportunities in the asset tokenization, digital asset custody and crypto-as-a-service (CaaS) segments, InfoMoney reported.The San Pablo-based stock exchange is also considering services to
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Code discovered in a beta version of Robinhood’s iPhone app reveals the popular no-fee trading platform is considering adding a feature that allows users to send cryptocurrency to each other via digital gift cards, according to a Bloomberg report.The cards can be accompanied by messages up to 180 characters long,
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