The process, however, is not yet complete. Repayments to the remaining creditors are pending and will proceed once several conditions are met. These include corrections of information and actions required by the creditors, validation of registered accounts, acceptance of the Agency Receipt Agreement by the involved exchanges, and the successful completion of discussions between the...
Crypto Is Volatile, Regulator Warns Fernández added that while “cryptocurrencies have gained popularity globally,” they “do not meet the requirements to be considered legal tender in the Dominican Republic.” He went on to note that crypto displays signs of “extreme volatility.” He added that tokens represent “dangers” to investors because of their “speculative” and “unregulated”...
Reports have circulated this month, claiming that Kookmin (KB) Bank has convinced Bithumb to dump a long-standing partnership with rival NongHyup in favor of a KB deal. Experts say KB wants to court younger customers, and thinks partnering with Bithumb will help it win new clients aged 20-39.
What the researchers found is that, two days after the hack, the median native token price saw a 10% drop. More precisely, 34% of the affected tokens fell 10%, 11.4% fell over 50%, and 5.1% fell over 90%. In the five-day period post-hack, the median token price decline was 19%. Now, more than 7% of...
Moreover, Long-Term Holders have been locking in “a reasonably consistent” $138 million in profit a day. Analysts noted that this LTH sell-side pressure is “a read for the daily capital inflows required to absorb supply and keep prices steady.” Accordingly, despite the choppy market conditions, “prices are generally flat over the last few months, suggesting...
“An increase in open interest means that both long and short positions are increasing,” CoinGlass noted. Consequently, this adds more leverage to the market, which can amplify price movements in either direction. Open Interest Figures Mirror Last Week’s Crash Significantly, a similar setup triggered the dramatic 20% drop in the Bitcoin price on August 5th...
Market makers emerged as the largest institutional Bitcoin ETF owners. However, prominent investors like Millennium and Susquehanna reduced their exposure, likely due to increased competition from new entrants such as Jane Street and calmer market conditions leading to lower trading profits: “Annualized CME premiums closed at 8.6% on June 30, down from 14% on March...
The suggested updates to the BSA are likely to have far-reaching implications for the cryptocurrency industry. Compliance costs for crypto businesses could rise significantly as they adapt to new reporting requirements. Moreover, the broader definition of “money” could subject a wider range of digital assets to regulation, potentially impacting innovation in the sector. The final...
Kim based the analysis on gold and credit default swaps (CDS)-related data, noting that Bitcoin also provides investors “value storage” and “decentralization.” The expert noted that Bitcoin is “easier to trade and store than gold.” “In the modern era, a time when transactions between countries and individuals are increasing fast, [the crypto market] could potentially...
Broadly speaking, open interest is concentrated in higher strike calls, ranging from $70,000 to $140,000. Traders are positioning for a potential new Bitcoin all-time high – surpassing its previous peak of $73,750.07. The most anticipated of which is a strike price of $80,000, boasting an open interest of over $39 million. However, traders show similar...