“Many investors have the view that Coinbase will be one of the survivors, that they could gain a lot of market by positioning themselves as the anti-FTX, being publicly traded, fully U.S. regulated, and offering a reliable corporate and custody service,” Ilan Solot, co-head of digital assets at Marex Solutions, said in an email. Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

An Ethereum (ETH) investor recently turned $7,000 in ETH  they received in 2014 into $27 million worth of another crypto asset. The blockchain-tracking Twitter account Lookonchain first reported that an Ethereum initial coin offering (ICO) participant swapped 22,340 ETH for 20,544.14 WSTETH on the last day of 2022. The ETH ICO happened in 2014. At the time, the Ethereum investor received 150,000 ETH in total at the ETH ICO price of about $0.31. The value of that 22,340 ETH at the… Source link

Bitcoin (BTC) traders are desperate for fresh BTC price volatility, but opinions are diverging on when it will come. BTC/USD is currently seeing some of the least volatile conditions in its history, price metrics show. Volatility far from guaranteed Since the FTX crisis, Bitcoin has settled into a historically narrow trading range which refuses to budge. Despite macro triggers, low-volume holiday trading and a yearly candle close, BTC price action has stuck rigidly to a zone focused on… Source link

“In the case of blockchain games, it is also necessary to consider gambling laws,” wrote Tokyo-based law firm So & Sato in a 2021 review of how Web3 gaming and the laws of Japan intersect. “Blockchain games that include incentives for users, such as the free issuance of NFTs, must further comply with the Premiums and Representations Act.” Source link

The CEO of crypto wealth management platform Abra thinks Litecoin’s (LTC) reliability makes it important to the broader crypto space. Bill Barhydt says that Litecoin is the only decentralized peer-to-peer payment system with 10 years of uninterrupted uptime. Uptime measures the percentage of time a system has been up and operational. According to some estimates, the Bitcoin (BTC) network has been functional for more than 99.98% of its existence. The most recent Bitcoin network… Source link

A popular analyst is warning Ethereum (ETH) is facing another leg down while many other altcoins will lose a ton of their valuation. In a new YouTube strategy session, crypto strategist Nicholas Merten tells his 512,000 subscribers that Ethereum is on a downtrend with the 200-week moving average continuing to act as resistance. “Even though if we take a look at the ETH-to-BTC ratio, Ethereum has been holding up relatively neutral with where it’s been since May of 2021 against… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Digital assets funds saw inflows totaling $433 million during 2022, the lowest level since 2018, when inflows in the crypto industry reached $233 million, according to the cryptocurrency investment firm Coinshares.  Investors’ appetite for digital assets seems not to have been fully affected by the crypto winter, but otherwise encouraged investments in crypto assets in a year marked by a price decline and the collapse of many industry players. James Butterfill, researcher at CoinShares,… Source link

A closely followed crypto trader says now may be the time to keep an eye on peer-to-peer payments network Litecoin (LTC). The pseudonymous trader known as Cantering Clark tells his 156,000 Twitter followers that LTC is forming a structural pattern that previously signaled bottoms and reversals. Cantering Clark’s chart shows LTC bouncing off a support level at around $71. “Is Litecoin about to wow everyone? I haven’t looked at this since the baby came, and when I did I was… Source link