cryptocurrency
Jenna Wright of LMAX Digital on Institutional Onboarding, $1 Trillion Trading Volume, and Bitcoin Price After Spot BTC ETF Gets Approved
- Siamak Masnavi
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- 3 Oct 2023
Earlier today, Jenna Wright, Managing Director of LMAX Digital, recently participated in a Fireside Chat with James Harris, Chief Commercial Officer at Zodia Custody. This was at CCData’s annual flagship crypto conference — CCDAS — which is held in London, UK. Wright offered an in-depth look at LMAX Digital’s journey, market trends, regulatory challenges, and […]
Aptos Labs CEO on Three Catalysts That Could Bring a Billion New Users to Crypto
- CryptoGlobe Writer
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- 3 Oct 2023
In a recent conversation with crypto analyst Scott Melker, Mo Shaikh, the CEO and co-founder of Aptos (APT), outlined three pivotal factors that could usher in a new era of mass adoption for cryptocurrencies. Shaikh believes these elements can potentially attract a billion new users to the digital asset landscape. The first factor Shaikh emphasized […]
Upcoming UAE-Based Crypto Exchange M2 Is Aiming to Steal Binance’s Lunch, Says ‘Shark Tank’ Star
- CryptoGlobe Writer
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- 1 Oct 2023
On September 29, Kevin O’Leary, Chairman of O’Leary Ventures and ‘Shark Tank’ investor, offers a detailed analysis of the government shutdown, crypto regulation, and the commercial real estate crisis on Fox Business show Varney & Co. (which is hosted by Stuart Varney). Government Shutdown: A Non-Issue for Investors Kevin O’Leary expressed that he is not […]
Prominent Analyst Outlines Bullish Future for Bitcoin and Ethereum in Q4 2023 and Beyond
- CryptoGlobe Writer
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- 1 Oct 2023
Introduction In a video released earlier today, crypto market commentary show Altcoin Daily presents a bullish outlook for Bitcoin and Ethereum, emphasizing that Bitcoin has had its strongest September since 2016. The video suggests that a green September historically leads to a green fourth quarter, raising the question of whether October is already “written in […]
Coin Bureau’s Analysis of Turkey’s Crypto Landscape
- CryptoGlobe Writer
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- 1 Oct 2023
Introduction In a video released yesterday, Coin Bureau provides a comprehensive look at Turkey’s crypto landscape, describing it as one of the most active crypto scenes globally. The video covers a wide range of topics, from Turkey’s impressive adoption levels to its key players and even its most notorious scandals. Cultural and Geopolitical Importance of […]
Crypto Analyst Alex Krüger Explains Who Will ‘Pump’ Your Bags in Next Cycle
- CryptoGlobe Writer
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- 1 Oct 2023
Yesterday, Alex Krüger, a renowned crypto analyst, provided his thoughts on the entity likely to be at the helm of the next cryptocurrency market surge. Krüger states that traditional finance, commonly referred to as ‘Tradfi,’ will play a crucial role in this regard. As the crypto landscape undergoes increased regulation and appears to be settling […]
Crypto Market Sees Lackluster Performance in September, According to Reflexivity Research
- CryptoGlobe Writer
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- 30 Sep 2023
On September 29, Boutique crypto research firm Reflexivity Research — via a series of posts published on X (the social media platform formerly known as Twitter) — provided an in-depth analysis of the crypto market’s performance over the past month. The thread, powered by VeloData, covers various aspects such as centralized exchange volumes, implied volatility, […]
‘We Can Do It The Easy Way Or The Hard Way’, Congressman McHenry Tells SEC Chair Gary Gensler
- CryptoGlobe Writer
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- 29 Sep 2023
On 27 September 2023, SEC Chair Gary Gensler appeared before the U.S. House Committee on Financial Services, where he was questioned by U.S. Congressman Patrick McHenry (R-NC-10). The exchange was intense, covering a range of topics from the classification of Bitcoin to the SEC’s compliance with document requests. In his prepared testimony for this hearing, […]
Brian Armstrong Speaks Out on Crypto Regulation and Coinbase’s Future
- CryptoGlobe Writer
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- 28 Sep 2023
Earlier today, Brian Armstrong, Co-Founder and CEO of Coinbase, appeared on CNBC’s ‘Squawk Box’ to discuss a range of topics, including the regulatory landscape for cryptocurrencies in the United States, the ongoing SEC case against Coinbase, and the company’s global expansion plans. Regulatory Concerns in the U.S. Armstrong expressed concerns about the lack of clear […]
Digital Asset Market Sees Consecutive AUM Decline and Record-Low Trading Volumes in September 2023
- CryptoGlobe Writer
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- 28 Sep 2023
On 27 September 2023, CCData, a renowned FCA-authorized benchmark administrator and global leader in digital asset data, released the September 2023 edition of its highly popular “Digital Asset Management Review” research report. Below are the key highlights from their report. Franklin Templeton Enters Bitcoin ETF Competition Franklin Templeton, a financial behemoth overseeing assets worth 1.42 […]
Gary Gensler Explains U.S. SEC’s Crypto Regulation Approach in September 27th Congressional Testimony
- CryptoGlobe Writer
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- 27 Sep 2023
In his prepared testimony for a U.S. House Committee on Financial Services hearing on 27 September 2023, Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), provided a comprehensive outline of his views on the regulation of cryptocurrencies. Crypto Assets and U.S. Securities Laws Gensler was clear in stating that cryptocurrencies should not […]
Chase UK Explains Crypto Payment Ban, Draws Sharp Criticism from Coinbase CEO Brian Armstrong
- CryptoGlobe Writer
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- 27 Sep 2023
Chase UK, a JPMorgan Chase subsidiary, has announced a significant change in its crypto payment policy, effective from 16 October 2023, citing fraud concerns. PMorgan Chase & Co. is a multinational financial services holding company based in New York City. It provides a variety of financial services, such as retail and commercial banking, asset management, […]
Pantera Capital on Three Upcoming Catalysts That Could Revitalize the Digital Asset Market
- CryptoGlobe Writer
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- 26 Sep 2023
In its most recent “Blockchain Letter,” Pantera Capital outlines several major factors that the firm believes could significantly influence the digital asset market in the near future. According to Pantera Capital, although institutional interest in digital assets has diminished over the past year, upcoming events could reignite investor enthusiasm. One of the most noteworthy developments, […]
Coinbase Leads Massive Effort to Unite 52 Million U.S. Crypto Owners for Law Change
- CryptoGlobe Writer
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- 22 Sep 2023
Coinbase has initiated a comprehensive campaign aimed at mobilizing the 52 million Americans who own cryptocurrency. The campaign, known as the Stand with Crypto Alliance, is set to run for 14 months and is structured around three core elements. Mobilizing Crypto Advocates Through Coinbase: The first aspect of the campaign involves using the Coinbase platform […]
Former SEC Lawyer John Reed Stark Calls Crypto ‘A Modern-Day Emperor Has No Clothes’
- CryptoGlobe Writer
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- 21 Sep 2023
Earlier today, John Reed Stark, a digital regulatory compliance expert with 15 years as an SEC enforcement attorney, shared an exhaustive critique of the NFT market and the broader crypto industry on social media platform X (formerly known as Twitter). Stark likened the NFT market to “Pet Rocks on Steroids” and cautioned that the crypto […]
U.S. SEC’s Crypto Enforcement Chief Warns of More Charges for Both Centralized Exchanges and DeFi Platforms
- CryptoGlobe Writer
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- 21 Sep 2023
The U.S. Securities and Exchange Commission (SEC) is sending a clear message to the cryptocurrency industry: increased regulatory scrutiny is coming. According to a recent report by CoinDesk, David Hirsch has indicated that the agency is actively monitoring several businesses in the crypto space. These businesses include both centralized exchanges like Coinbase and Binance, as […]
Why XRP Holds a Special Place in the Hearts of Japanese Investors, Research Paper Reveals
- CryptoGlobe Writer
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- 18 Sep 2023
According to a 2023 research paper (title: “A study on Non-Performing Assets Cases and Cryptocurrency in Japan”) by Burina Fujiwara — who is at the Department of Economics and Finance, College of Business, City University of Hong Kong — Japan has established a robust regulatory framework for cryptocurrencies. Governed by the Payment Services Act (PSA) […]
CoinShares CSO Warns of a Potential ‘Winter of Discontent’ in Crypto Markets After a Lackluster Summer
- CryptoGlobe Writer
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- 16 Sep 2023
Meltem Demirors, the Chief Strategy Officer (CSO) at CoinShares, has recently voiced her concerns about the current state of the cryptocurrency markets. In a recent interview with Bloomberg, Demirors highlighted the increasing levels of uncertainty that are causing hesitation among various market players. Demirors described the past summer as a “summer of apathy,” a period […]
German Financial Giants Boerse Stuttgart Digital and Munich Re Partner to Offer an Institutional-Grade Fully Insured Crypto Staking Solution
- CryptoGlobe Writer
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- 16 Sep 2023
Boerse Stuttgart Digital, a fully regulated entity in Germany, is backed by the Boerse Stuttgart Group. The company offers a range of digital services, including brokerage, trading, and custody solutions, and aims to provide easy and reliable access to the crypto and digital asset world for B2B clients across Europe. According to Boerse Stuttgart Digital’s […]
Amid 124% Inflation, Is Javier Milei’s Presidential Candidacy in Argentina Bad News for Crypto Fans?
- CryptoGlobe Writer
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- 15 Sep 2023
Introduction: Argentina’s Economic Crisis According to an article by Reuters published on 14 September 2023, Argentina is currently grappling with an unprecedented economic crisis. The annual inflation rate reached 124.4% in August 2023, the highest since 1991 (and the fourth-highest inflation rate in the world). This hyperinflation has led to a daily struggle for consumers, […]
Chainalysis Unveils the 2023 Global Crypto Adoption Index to Measure Grassroots Cryptocurrency Engagement Across Countries
- CryptoGlobe Writer
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- 13 Sep 2023
Chainalysis, a leading firm in blockchain analytics, unveiled its 2023 Global Crypto Adoption Index on September 12, 2023. This new index is part of the company’s forthcoming “2023 Geography of Cryptocurrency Report,” scheduled for release in October 2023. Based on the blog post Chainalysis published yesterday, the primary aim of the index is to amalgamate […]
Circle CEO Foresees U.S. Stablecoin Regulation as Catalyst for Crypto Industry Growth
- CryptoGlobe Writer
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- 13 Sep 2023
Jeremy Allaire, the CEO of Circle, believes that the United States is on the verge of implementing legislation that will regulate stablecoins, providing much-needed clarity for the cryptocurrency industry. During an interview with journalist Laura Shin on episode 543 of the Unchained Podcast, Allaire expressed optimism that the ongoing discussions around stablecoin regulation will ultimately […]
CoinCover’s David Moore on the Good News and Bad News About Crypto Adoption
- Siamak Masnavi
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- 12 Sep 2023
In a recent interview with Talia Kaplan, a reporter for CNBC’s “Crypto World,” David Moore, the Chief Product Officer at blockchain protection firm CoinCover, discussed the findings of their report titled “Securing the Future of Cryptocurrencies,” which was released on September 6, 2023. The report aims to identify the challenges hindering mass adoption of cryptocurrencies […]
Lisbon: Europe’s Emerging Sanctuary for Crypto Enthusiasts Amid U.S. Regulatory Uncertainty
- CryptoGlobe Writer
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- 10 Sep 2023
Campo Pequeno, a neo-Moorish bullring in Lisbon, has become a symbolic gathering point for Bitcoin maximalists, as MacKenzie Sigalos describes in a report for CNBC published yesterday. These gatherings are organized by the Meetup group “Lisbon Bitcoin Maximalists.” Their next event is being held on 23 September 2023: Lorenzo Primiterra, an Italian software engineer, regularly […]
Young Software Engineer Loses $80,000 in Crypto: A Cautionary Tale on Margin Trading
- CryptoGlobe Writer
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- 9 Sep 2023
Ethan Nguonly, a 22-year-old software engineer, reportedly began his investment journey at a young age with parental guidance. He has built a substantial financial portfolio, which includes nearly $135,000 in retirement and brokerage accounts, as well as two houses. However, Nguonly disclosed a significant financial mistake that led to an $80,000 loss in cryptocurrencies between […]
Analyst Nicholas Merten Forecasts Gloomy Years Ahead for Crypto and Big Tech Stocks
- CryptoGlobe Writer
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- 8 Sep 2023
Nicholas Merten, the host of the popular YouTube channel DataDash, recently cautioned his audience of over half a million subscribers that both cryptocurrencies and leading technology stocks might experience subpar returns in the coming years. Merten expressed concern not just for Bitcoin but also for a wide range of alternative cryptocurrencies and the FAANG stocks—Facebook, […]
FactSet Partners With CCData To Offer Clients ‘A Broader, Detailed Range of Digital Asset Data’
- Siamak Masnavi
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- 7 Sep 2023
FactSet, is a global financial digital platform and enterprise solutions provider listed on both the NYSE and NASDAQ. CCData is an FCA-authorised benchmark administrator and global leader in digital asset data, providing institutional-grade digital asset data and settlement indices. On 7 September 2023, the two firms issued a press release about their new strategic partnership, […]
The New Elite: Six Bitcoin Billionaires Emerge Amidst a Sea of Crypto Millionaires
- CryptoGlobe Writer
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- 6 Sep 2023
A recent study by Henley & Partners, an investment migration consultancy, has revealed that out of the 425 million people globally who are invested in cryptocurrencies, a select few have reached billionaire status. Specifically, six individuals have amassed a fortune of at least $1 billion in Bitcoin. According to a CNBC article, which cites Henley […]
Former Goldman Sachs Exec Foresees a Staggering $1 Quadrillion Future for Cryptocurrency
- Francisco Memoria
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- 6 Sep 2023
Former Goldman Sachs executive Raoul Pal has recently revealed he believes the cryptocurrency space could expand to manage an eye-popping $1 quadrillion in value, given the right circumstances. In a recent interview on Crypto Banter, Pal highlighted the potential ramifications of BlackRock’s recent push for a spot Bitcoin exchange-traded fund (ETF), which was followed by […]
Crypto Casino Stake.com Resumes All Services After Security Breach
- CryptoGlobe Writer
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- 4 Sep 2023
Stake.com, a well-known online casino and sportsbook founded in 2017 by Bijan Tehrani and Ed Craven, has put a temporary hold on withdrawals after becoming the target of an alleged $40 million security breach. The issue was first brought to light by security firm Cyvers. The firm detected abnormal transfers moving away from Stake.com’s Ethereum […]
How FATF’s Crypto Travel Rule Affects Crypto Transactions and Crypto Businesses in the UK
- CryptoGlobe Writer
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- 3 Sep 2023
The information in this article is based on a recently released guide — titled “Crypto Travel Rule in United Kingdom by the Financial Conduct Authority (FCA)” — from RegTech startup Notabene. The United Kingdom has proactively engaged with the crypto industry, partnering with experts and regulators to establish an evidence-based regulatory framework. The Financial Conduct […]
Brazilian YouTuber Allegedly Loses $60K in Crypto After Accidentally Exposing Seed Phrases During Livestream
- CryptoGlobe Writer
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- 2 Sep 2023
Ivan Bianco, a Brazil-based YouTuber (the host of the “Fraternidade Crypto” channel) who focuses on blockchain gaming, apparently suffered a significant loss of nearly $60,000 in cryptocurrency and NFTs. The loss allegedly occurred after he unintentionally displayed his crypto wallets’ seed phrases during a live broadcast. His channel has a following of around 34,000 subscribers […]
Bitget Partners With CCData to Enhance Data Solutions for Institutional Investors
- Siamak Masnavi
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- 31 Aug 2023
Bitget, one of the world’s leading crypto exchanges, has partnered with one of the most respected names in the crypto space. Founded in 2018, Bitget is a leading cryptocurrency exchange with copy trading services, serving over 20 million users across more than 100 countries. On the other hand, CCData is an FCA-authorized benchmark administrator and […]
Coinbase CEO Brian Armstrong Shares Top 10 Crypto Startup Ideas for Entrepreneurs
- Siamak Masnavi
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- 31 Aug 2023
Coinbase CEO Brian Armstrong has penned a blog post outlining his top 10 startup ideas for the burgeoning crypto industry. Armstrong believes that the crypto space is still in its early stages and presents a golden opportunity for entrepreneurs. He emphasizes that while Coinbase has the resources to build various crypto projects, they can’t cover […]
Unpacking CCData’s August 2023 Digital Asset Management Review
- Siamak Masnavi
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- 30 Aug 2023
CCData is an FCA-authorised benchmark administrator and a global leader in digital asset data, providing institutional-grade digital asset data and settlement indices. By aggregating and analysing tick data from globally recognised exchanges and seamlessly integrating multiple datasets, CCData provides a comprehensive and granular overview of the market across trade, derivatives, order book, historical, social and […]
Unveiling the Reality of Crypto Crime: A Comprehensive Analysis by CoinShares
- CryptoGlobe Writer
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- 30 Aug 2023
Contrary to popular belief, CoinShares’ “Quantifying Crypto Crime: Expectations vs Data” report (published on 30 August 2023) suggests that the use of cryptocurrencies for illegal activities is not as widespread as media often portrays. According to the report, blockchain analytics firm Chainalysis estimated that only $20 billion was involved in crypto-related crimes in 2022. CoinShares […]
Crypto YouTuber Ben Armstrong Fights Back Against ‘Diabolical’ Allegations and Makes Counterclaims
- CryptoGlobe Writer
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- 30 Aug 2023
Ben Armstrong, a popular crypto influencer, has been removed from his position at BJ Investment Holdings, the parent company of Hit Network and BitBoy Crypto. According to a report by Kate Irwin for Decrypt, the company justified his removal by citing allegations of substance abuse and claiming that Armstrong had caused “emotional, physical, and financial […]
Binance Introduces ‘Send Cash’ Service for Direct Crypto-to-Bank Transfers in Nine Latin American Countries
- CryptoGlobe Writer
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- 30 Aug 2023
Binance, a global leader in blockchain and cryptocurrency infrastructure, has unveiled a new service called ‘Send Cash’ for the Latin American market. This innovative feature allows users from nine Latin American countries to send cryptocurrency directly to bank accounts using Binance Pay. The service employs licensed money transfer processors to ensure smooth and secure transactions. […]
Fidelity’s Missed Shot at Rivaling Coinbase: A Look Back at What Could Have Been
- Siamak Masnavi
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- 28 Aug 2023
Jurica Bulovic, a former executive at Fidelity who later became the head of mining at Foundry, a subsidiary of Digital Currency Group (DCG) that offers mining and staking services, recently spoke about Fidelity’s missed opportunities in the crypto space. According to a Wall Street Journal (WSJ) report (titled “The ‘Fidelity Mafia’ Behind Big Crypto”) cited […]
Crypto Influencer Heidi Chakos Reveals 2023’s Most Bullish News
- CryptoGlobe Writer
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- 28 Aug 2023
In a recent video on her YouTube channel “Crypto Tips,” Heidi Chakos, a well-known crypto educator and influencer, discussed what she considers the most bullish news of 2023: Uniswap’s trading volume surpassing that of Coinbase. According to Chakos, in the first quarter of 2023, Uniswap recorded a trading volume of $155 billion, outperforming Coinbase’s $145 […]
JPMorgan Analysts Predict Stabilizing Crypto Market Amid Recent Downturns
- CryptoGlobe Writer
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- 27 Aug 2023
According to a report by Bloomberg, JPMorgan Chase analysts, including Nikolaos Panigirtzoglou, recently released a research note suggesting that the cryptocurrency market is likely to stabilize in the near term. The report attributes this outlook to a decline in open interest in CME Bitcoin futures contracts, which usually signals a weakening price trend. The analysts […]
The Job Offer That Led to a $37 Million Crypto Heist
- CryptoGlobe Writer
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- 26 Aug 2023
According to a recent article by Bloomberg News, in late July, a programmer at Estonia’s CoinsPaid, a prominent crypto payment processor, was contacted by a recruiter on LinkedIn for a job opportunity. During a 40-minute video interview, the engineer was asked to download a file for a technical test on his work computer. Days later, […]
DeFi Education Fund CEO Slams U.S. Treasury’s “Confusing and Self-Refuting” Draft Regulations on Crypto
- CryptoGlobe Writer
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- 26 Aug 2023
On 25 August 2023, the U.S. Department of the Treasury, in collaboration with the Internal Revenue Service (IRS), unveiled draft regulations aimed at tightening the reporting requirements for digital asset transactions. This move is part of the Biden-Harris Administration’s broader strategy to plug tax compliance loopholes and mitigate the risks of tax evasion in the […]
BitMEX Co-Founder Arthur Hayes Dissects the Federal Reserve’s Policy and Its Ripple Effect on Crypto
- CryptoGlobe Writer
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- 26 Aug 2023
Arthur Hayes, the Co-Founder and former CEO of BitMEX, recently penned a comprehensive blog post examining the Federal Reserve’s monetary policy and its implications for the cryptocurrency market. Hayes scrutinizes the Fed’s dual control over both the quantity and price of money, arguing that this approach is counterproductive and politically motivated. Hayes begins by outlining […]
U.S. Treasury Proposes New Reporting Rules for Digital Asset Brokers, Crypto Community Responds
- CryptoGlobe Writer
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- 26 Aug 2023
The U.S. Department of the Treasury, in collaboration with the Internal Revenue Service (IRS), has released a set of draft regulations targeting the reporting of digital asset transactions. This initiative is part of a larger agenda by the Biden-Harris Administration to close existing gaps in tax compliance and to address the perceived risks of tax […]
ClearBank Explores the Integration of Digital Assets and Banking in Recent Guide
- Siamak Masnavi
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- 25 Aug 2023
ClearBank, a pioneering financial institution in the fintech space, has recently published a comprehensive guide on the evolving landscape of digital assets and their potential integration into traditional banking systems. Authored by Andrew Delves, Head of Crypto and Digital Assets at ClearBank, the guide serves as an educational resource on the types of digital assets […]
DLT and Digital Assets Surge: Insights from Citi’s Securities Services Evolution 2023 Report
- CryptoGlobe Writer
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- 23 Aug 2023
The Securities Services Evolution 2023 report by Citi Securities Services provides a comprehensive overview of the ongoing transformation in the financial industry. From being on the cusp of change in 2021 to the execution-focused approach in 2023, the industry is undergoing significant shifts. A major highlight is the industry’s preparation to reduce a day from […]
Former SEC Enforcement Attorney Says Approval of a Bitcoin Spot ETF Is Highly Unlikely
- CryptoGlobe Writer
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- 22 Aug 2023
Introduction On 18 August 2023, John Reed Stark, an expert on digital regulatory compliance with 15 years of experience as an SEC enforcement attorney, shared his insights on the current state of the cryptocurrency market. Through a post on X (previously known as Twitter), Stark takes a closer look at the challenges and concerns surrounding […]
Coinbase’s Deep Dive into Short Selling: Insights by David Duong, Head of Institutional Research
- CryptoGlobe Writer
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- 20 Aug 2023
Introduction In a recently published research paper, David Duong, CFA, Head of Institutional Research at Coinbase, explains that short selling is a mechanism to profit from declining prices. In the crypto space, this involves borrowing tokens, selling them, and later repurchasing them at a decreased price to return to the lender, capturing the price difference. […]
US Financial Editor at Financial Times Questions SEC’s Approach to Crypto Regulation
- CryptoGlobe Writer
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- 18 Aug 2023
Brooke Masters, the US Financial Editor at Financial Times (FT), recently expressed concerns over the US Securities and Exchange Commission’s (SEC) approach to cryptocurrency regulation. In her FT opinion piece, Masters dived into the historical context of financial regulation in the US, highlighting the SEC’s primary role in safeguarding investors from potential fraud and ensuring […]
Crypto Market’s Fate Is Tied to the S&P 500, Warns Crypto Analyst
- CryptoGlobe Staff Writer
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- 5 Aug 2023
Prominent pseudonymous crypto analyst “DonAlt” recently offered his perspective on the intriguing interplay between the S&P 500 and the crypto market. DonAlt, who has over 500,000 followers on X (formerly known as Twitter), posits that the fortunes of Bitcoin, and the broader crypto market, are closely tethered to the stock market’s performance. His cautionary note […]
Ripple’s Head of Payments Products Envisions X’s Future with Crypto
- Siamak Masnavi
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- 5 Aug 2023
In a series of posts on X, Brendan Berry, Head of Payments Products at Ripple, recently shared his insights on how X could leverage cryptocurrency to fulfill its ambition of becoming “the best place on the internet to earn a living as a creator.” This comes as X’s owner and CTO, Elon Musk, firmly denies […]
Coinbase Institutional’s Head of Research Breaks Down Key Market Movements in Crypto and Traditional Finance
- Siamak Masnavi
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- 4 Aug 2023
David Duong, CFA, Head of Institutional Research, provided a comprehensive analysis of the traditional and crypto markets in his weekly market commentary for the week ending August 4, 2023. According to Duong, the week was eventful for both markets, albeit for different reasons. In traditional finance, the Bank of Japan’s decision to raise the hard […]
Cryptocurrency as ‘Digital Gold’? Not So Fast, Says State Street Strategist
- Siamak Masnavi
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- 1 Aug 2023
In the crypto space, cryptocurrencies (especially Bitcoin) are often hailed as the “digital gold” of the 21st century. However, George Milling-Stanley, Chief Gold Strategist at State Street Global Advisors, urges caution. His firm operates the world’s largest gold exchange-traded fund (ETF), and he’s skeptical about the idea of cryptocurrencies replacing the time-tested value of gold. […]
QCP Capital Foresees Potential Bitcoin Price Surge Amid Declining Correlations With Traditional Macro Drivers
- Siamak Masnavi
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- 31 Jul 2023
Yesterday, Singapore-based cryptocurrency trading firm, QCP Capital provided an analysis of the current state of the crypto market, highlighting the independent behavior of Bitcoin (BTC) and Ethereum (ETH) in relation to traditional macroeconomic factors. According to QCP Capital, both BTC and ETH have shown a remarkable indifference to macroeconomic headlines and market movements. Their correlations […]
Coinbase Executive Flags Macroeconomic Factors as Potential Crypto Market Threats
- Siamak Masnavi
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- 30 Jul 2023
Recently, David Duong, the head of institutional research at Coinbase, one of the leading US crypto exchanges, shared his concerns about the potential impact of macroeconomic factors on the crypto markets. In a conversation with crypto analyst Scott Melker, Duong highlighted the strengthening US dollar and the relatively aggressive stance of global central banks as […]
Ripple and FPC Report: Crypto-Enabled Solutions Set to Revolutionize Global Payments
- Siamak Masnavi
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- 30 Jul 2023
The payments landscape is undergoing rapid transformation, with digital currencies playing a pivotal role, according to a recent report by Ripple and the Faster Payments Council (FPC). The report “Transforming the Way Money Moves” explores the potential of cryptocurrencies in the evolving payments ecosystem. The report emphasizes that the payments ecosystem is evolving quickly, with […]
Anchorage Digital Sees Unstoppable Institutional Crypto Boom Amid Regulatory Challenges
- Siamak Masnavi
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- 22 Jul 2023
Anchorage Digital, a pioneering crypto platform offering comprehensive financial services and infrastructure solutions, is experiencing a remarkable upswing in institutional interest in the crypto sector. As shared in an interview with The Block, Diogo Mónica, the co-founder and president of Anchorage Digital, disclosed that the firm’s assets have swelled by 80% in Q1 2023, despite […]
Coinbase Protocols Lead Forecasts 8 Billion People On-Chain in the Next Decade
- CryptoGlobe Staff Writer
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- 21 Jul 2023
Coinbase’s protocols lead, Jesse Pollak, recently shared his optimistic outlook on the future of crypto adoption at the EthCC event in Paris. Pollak is responsible for Coinbase’s efforts regarding Base, the exchange’s Ethereum-focused layer-2 blockchain unveiled in February. He stated that the company’s goal with Base is to increase the number of things people can […]
Nasdaq Puts a Pause on Crypto Custody Service Plans Amid Regulatory Uncertainties
- CryptoGlobe Staff Writer
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- 19 Jul 2023
In a surprising turn of events, Nasdaq, Inc. (NASDAQ:NDAQ) has reportedly decided to put its plans for a cryptocurrency custody service on hold. This announcement was made by CEO Adena Friedman during her company’s Q1 2023 Earnings Conference Call. According to the transcript (from Seeking Alpha) of the earnings call, the Nasdaq CEO’s comments regarding […]