Cryptocurrency Analysis and News Portal
Just over a year after launching its crypto unit, American independent investment bank TD Cowen has announced the shutdown of Cowen Digital, though it has not provided a clear reason why. The multinational bank launched Cowen Digital in March 2022 to provide institutional clients exposure to the crypto market via
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Contract electronics manufacturing giant Foxconn banks on explosive AI popularity to drive its server business revenue in 2023. Foxconn has forecasted significant growth in its artificial intelligence (AI) server business due to robust demand. On Wednesday, the company’s Chairman, Young Liu, said revenue generated from its AI businesses would more than
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ethereum (ETH) has recently achieved a milestone in the derivatives market as the open interest for its perpetual futures contracts on Deribit surged to a three-year high of $544,931,613. The new record surpasses the previous three-year high
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The underperformance stems from the costs associated with the fund's structure. BITO does not purchase tokens, instead it holds BTC futures contracts on the Chicago Mercantile Exchange (CME). The fund must roll over the contracts every month as they expire, making it vulnerable to the price difference between terms. If
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When the bill was announced in July 2021, BTC was trading at around $30,000. When the bill became law in September 2021, it was trading around $45,000. By September 2022, a year after the law was enacted, it was below $20,000. Any discussion around El Salvador and adoption would be
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Bitcoin (BTC) climbed above $28,000 after an agreement on a deal to raise the U.S. debt ceiling, but the crypto still appears on track for its first monthly loss since December. The leading cryptocurrency by market value traded as high as $28,400 late Sunday, up from about $25,900 the previous
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Swedish fintech mainstay Klarna cut its Q1 net loss to $120.7 million while boosting operating income by 22% YoY. Klarna Bank AB significantly improved its Q1 bottom line after halving the net loss sustained for the period compared with last year. For the first quarter of the year, the Swedish fintech giant
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The TON accelerator program, supported by the $250 million TONcoin.Fund, has committed to allocating up to $25 million this year to support projects within the TON ecosystem. The capital will be channeled into a range of strategic
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Nigeria’s eNaira central bank digital currency (CBDC) is over a year old, and the International Monetary Fund (IMF) has a late birthday present for it, in the form of a working paper assessing its first year of performance. “Laudable,” said IMF researchers, but there were a few suggestions too.The eNaira was
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Around $100 billion a year or more could be saved if distributed ledger technology (DLT) was used in traditional markets, claims a new report from the Global Financial Markets Association (GFMA).In a May 16 report, the traditional finance sector lobby group, along with international consulting firm Boston Consulting Group (BCG)
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