Tag: crypto
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Shiba Inu’s Price Drops 8% in a Week, Can It Bounce Back?
Early Investors of Shiba Inu Reaped Massive Profits When Shiba Inu was launched on Aug. 1, 2020, numerous investors dismissed it as a joking parody of Dogecoin, named after the popular “doge” meme featuring the Shiba Inu dog breed. Shiba Inu differed from Bitcoin as it couldn’t be directly mined. Its entire supply of 1 […]
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Coinbase’s Path to 10X Growth: The Untapped Potential of the Crypto Market
More Users, More Profits Should Coinbase experience a ten-fold increase in value, it would result in a market capitalization of approximately $300 billion. Initially, this may not seem like a promising outcome when reviewing its year-to-year financial performance. For instance, while Coinbase achieved a net income of $1.6 billion in Q4 2021 during the peak […]
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Institutional Adoption Soars as Ripple Expands Crypto Custody with HSBC Partnership
Ripple’s Acquisition of Metaco and Market Expansion Ripple made a significant expansion into the market by acquiring Metaco in May 2023, making it their largest acquisition to date with a price tag of $250 million. The addition of Metaco’s custody services plays a critical role in Ripple’s plans, allowing XRP to offer a comprehensive platform […]
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Regulatory Approval of Bitcoin ETPs Raises Concerns of Misguided Market Confidence
Concerns over Market Misunderstanding Gary Behnam, a prominent figure in the financial industry, expressed his apprehension regarding the regulatory approval of Bitcoin Exchange-Traded Products (ETPs). In his address at an American Bar Association event, Behnam emphasized the potential risks associated with mistaking technical approval for genuine regulatory oversight in the realm of cash commodity digital […]
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SEC Delays Grayscale’s Ethereum ETF: Crypto World on Tenterhooks
Unforeseen Twists and Turns Delivering a plot twist that no one saw coming, the SEC decided to prolong the suspense not only for Grayscale but also for BlackRock, a financial giant eager to launch its own spot crypto ETF. It felt like waiting for the anticipated season finale of a favorite TV show, only to […]
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Grayscale’s Massive Bitcoin Sell-Off Temporarily Dampens Market, Bullish Trend Remains
Bitcoin’s Upside Potential and Market Resilience Despite the recent setback, Bitcoin’s long-term growth potential remains promising. The dip in its price should not overshadow the positive market trends and the strong foundation underlying the cryptocurrency. One crucial factor supporting Bitcoin’s resilience is its scarcity. With a limited supply of 21 million coins, Bitcoin’s value is […]
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Chinese Investors Find Crypto Refuge Amid Economic Downturn, Defying Regulations
Diversification through Cryptocurrencies Dylan Run, an executive in Shanghai’s financial sector, exemplifies the new approach of Chinese investors. He began diversifying his investments into cryptocurrencies in early 2023, recognizing the decline of the Chinese economy and stock market. Run considered Bitcoin (BTC), the largest cryptocurrency by trading volume, as a safe haven similar to gold. […]
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Crypto Community Divided: The Controversy Surrounding Points and Airdrops
Why do points get a bad rep? The surge in popularity of tokens being rewarded to loyal users and airdrop hunters has created life-changing opportunities. Users felt that their efforts and luck had paid off when they received massive token issuances. However, with points, the dynamic is different. Users are essentially playing by the rules, […]
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Market Outlook: Housing Sector and Economic Indicators Drive Global Market Trends
Chicago Fed National Activity and Housing Sector Data Kick Off the Week This Tuesday, the week starts with the release of the Chicago Fed National Activity report and housing price numbers. Of particular significance is the impact the Housing sector data could have on the overall economy. Economists believe that the housing sector numbers are […]
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Crypto Markets Stay Active Even on Christmas Day, Thanks to Liquidity Providers
The Unsleeping Cryptocurrency Markets While the rest of the financial world takes a break on Christmas Day and New Year’s Eve, the crypto markets continue to hum with activity. Crypto brokerage shops, market makers, and over-the-counter trading operations are wide awake, accepting orders and providing liquidity even during the holidays. A Network of Constant Exchange […]