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At last month’s Consensus 2023, CryptoX hosted two invitation-only Investor Manager Roundtables, one designed specifically for institutional investors (35 pensions, single family offices, sovereign wealth funds, and endowments and foundations) and the other for asset allocators (50 fund of funds, asset managers, and pension consultants). Source
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The American banking giant will be focusing on three key initiatives – distributed ledger technology, tokenization, and digital cash. Over the last few years, traditional banking players have been showing some affinity towards crypto assets and America’s oldest bank BNY Mellon is the latest to join the bandwagon. BNY Mellon is
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Bitcoin crossed above $31,000 on April 14, hitting the highest since June 2022, per CryptoX data. Since then, the cryptocurrency's price has dropped by 12% to $27,500, while Nasdaq has risen by over 2% since mid-April. The Nasdaq-to-S&P 500 ratio, which bitcoin has closely followed in the past, has also
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If wallet X sends one bitcoin to wallet Y, it is assumed that the former is spending or selling coins to the latter. If the value at which X moved coins to Y was higher than at acquisition, X is said to have realized profit. A SOPR ratio above 1
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Live from the World Economic Forum in Davos, Switzerland, Tom Duff Gordon, vice president on International Policy, discusses why the fall of FTX put crypto on policymaker’s radar. Source
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The Chainlink price has had a somewhat mediocre performance over the past few months. Once a cryptocurrency that was within the top 10 by market capitalization, LINK has currently slipped to 22nd place. However, within the next few months, Chainlink could be poised to outperform other cryptocurrencies. In addition to the
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According to him, if the U.S. Federal Reserve continues to raise interest rates, half of Coinbase’s revenue could be made up of the exchange’s subscription services, which are tied to a partnership with stablecoin issuer Circle. In addition, the “many positives” that have yet to be priced into the exchange’s
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Current market conditions hinder bullish market movements even for Bitcoin, which is arguably the king of cryptocurrencies. Recently, a crypto analyst named nino released an analysis showing that long-term Bitcoin positions are being liquidated. As this develops, experts in the cryptocurrency market have warned that the U.S. Federal Reserve’s efforts to
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On-chain data shows Bitcoin long-term holders are dumping their coins as BTC plummets below the $17,000 level. Bitcoin Long-Term Holder SOPR Spikes Today As pointed out by an analyst in a CryptoQuant post, some BTC long-term holders seem to have taken profits in the past day. The relevant indicator here is the
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Having taken a prolonged beating, Tesla stock stokes fresh concern as Goldman cuts price target and Twitter worries alienate investors.Tesla Inc (NASDAQ: TSLA) stock recently fell after Goldman Sachs cut its price target from $305 to $235. However, the banking giant maintained its Buy rating on the electric vehicle maker’s stock due to
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