Bloomberg Amundi Buys SocGen’s Lyxor in Bid To Reshape Europe’s ETF Sector (Bloomberg) — Amundi SA agreed to buy Societe Generale SA’s fund management arm Lyxor as outgoing Chief Executive Officer Yves Perrier used his last major deal to upend Europe’s exchange-traded funds industry.The Paris-based firm has entered into exclusive talks with SocGen for an 825 million euro ($980 million) cash deal, according to a statement Wednesday. The acquisition, expected to close by February next… Source link

Ethereum Ethereum rose by 0.26% on Tuesday. Following a 1.48% gain on Monday, Ethereum ended the day at $2,113.00. A bullish start to the day saw Ethereum rise to an early morning intraday high and a new swing hi $2,151.00 before hitting reverse. Coming within range of the first major resistance level at $2,158, Ethereum fell to an early afternoon intraday low $2,046.08. Steering clear of the first major support level at $2,030, Ethereum revisited $2,130 levels before easing back. At the time of… Source link

A group of researchers have warned China that without more stringent regulations and policy changes, the amount of bitcoin mining performed in the country could undermine global sustainability efforts. The energy consumption and carbon emissions associated with bitcoin mining are accelerating rapidly in China, the researchers claim in work published in Nature Communications this week.  The researchers… Source link

Bitcoin‘s (CRYPTO: BTC) struggle to breach $60,000 has proved that the price is a crucial resistance level in the current bull run. What Happened: However, the cryptocurrency has also found strong support at $50,000 and an even stronger price floor at $40,000, according to research from Chainalysis. According to the firm’s chief economist, Philip Gradwell, recent data indicates “strong support for high prices.” Gradwell finds that 3.1 million Bitcoins have… Source link

Mark Cuban, the billionaire investor made famous by the reality television series Shark Tank, has changed his tune on bitcoin and cryptocurrencies in recent months. Cuban made headlines when he said he’d “rather have bananas than bitcoin,” calling crypto “too complicated.” But the Dallas Mavericks owner has since come around to cryptocurrencies, praising the emerging decentralized finance (DeFi) space—which is largely built on top of the second-largest cryptocurrency after bitcoin,… Source link

Topline The Sacramento Kings plan to offer bitcoin as a payment option to all players and coaches, the team’s owner, Vivek Ranadivé, said Monday night, in the most recent example of the NBA’s rush to embrace cryptocurrency and digital assets.  Owner of the Los Angeles Clippers, Steve Ballmer, (L) poses with owner of the Sacramento Kings, … [+] Vivek Ranadivé, (R) before a game at Golden 1 Center on March 01, 2019 in Sacramento, California. (Photo by Cassy Athena/Getty Images) … Source link

Litecoin has been among the worst performers in the crypto market in 2020 and 2021 thus far, despite the coin’s longevity in the top ten assets by market cap. The coin’s fortunes could soon turn completely around, due to what looks to be a monster-sized move brewing against Bitcoin on the altcoin trading pair. Here’s why technicals suggest that near and mid-term Litecoin should outperform the top cryptocurrency by miles. Litecoin Longevity Helps Altcoin Maintain Top Ten Crypto Cap… Source link

Bitcoin trading on CoinbaseSource: TradingView Bitcoin (BTC) was trading around $58,246.41 as of 20:00 UTC (4 p.m. ET). Slipping 1.31% over the previous 24 hours. Bitcoin’s 24-hour range: $57,421.85-$59,484.20 (CoinDesk 20) BTC trades below its 10-hour and 50-hour averages on the hourly chart, a bearish signal for market technicians. Bitcoin’s futures premium creeps back up Source: Skew Recently, bitcoin’s price movements have been, well, less exciting than the triple- and sometimes… Source link

Despite a lack of fundamentals, Litecoin appears headed to new highs as it seeks to complete the break of the symmetrical triangle on the daily chart of the LTC/USD pair.  There are indications that the upcoming direct listing of crypto exchange Coinbase could be the trigger for the renewed upsurge in Litecoin, even as Bitcoin prices to which it is correlated continue to stagnate around $57,000. Litecoin has lagged behind Bitcoin and Ethereum in terms of… Source link

At Tuesday’s prices, Bitcoin (CRYPTO:BTC) is up more than 700% in the past year, and 13,500% in the past five years. Those are life-changing returns — and some analysts still see big gains on the horizon. For instance, investment bank JPMorgan Chase said Bitcoin’s price could hit $146,000, a massive increase from today’s prices around $58,000. More recently, Ark Invest CEO Cathie Wood explained how its price could climb to over $400,000. In other… Source link