Creator of the Bitcoin ASIC Says Next Wave of Mining Efficiency is Coming
Canaan (CAN) Inc CEO Nangeng Zhang shares his outlook on the future of bitcoin mining efficiency, chip design and opportunities in artificial intelligence.
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Canaan (CAN) Inc CEO Nangeng Zhang shares his outlook on the future of bitcoin mining efficiency, chip design and opportunities in artificial intelligence.
Bitcoin has demonstrated remarkable resilience during the recent global market selloff, outperforming traditional assets like stocks and gold. Despite the turmoil in the financial markets, Bitcoin has shown signs of strength, attracting investors looking for alternative safe havens. The cryptocurrency market has often been viewed as a risky investment, but recent events have highlighted Bitcoin’s [...]
The post Bitcoin’s Resilience Shines as It Outperforms Stocks and Gold Amid Equities Decline, According to Binance appeared first on Crypto Breaking News.
Arthur Hayes suggests that Bitcoin is decoupling from Nasdaq as it holds strong while Nasdaq plunges 13%.
The brokerage firm lifted its rating on the crypto exchanges shares to market perform from underperform.Source: CoinDesk
The post Coinbase Gets Another Upgrade, This Time at Raymond James, as Bears Capitulate appeared first on Crypto Breaking News.
The article below is from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Disinflation And Monetary Policy As we delve deeper into 2023, the U.S. economy finds itself at a [...]
The post The Growing Disconnect In Financial Markets appeared first on Crypto Breaking News.
The Netherlands has welcomed a new equities exchange-traded (ETF) fund that will give investors exposure to a basket of Bitcoin-related company stocks. French investment firm Melanion Capital’s Bitcoin Equities ETF began trading on the Euronext Amsterdam Stock Exchange on June 22, introducing an equities-based approach to investing in the Bitcoin ecosystem. BTC NA is designed [...]
The post Bitcoin Equities ETF hits Euronext Amsterdam stock exchange appeared first on Crypto Breaking News.
The macroeconomy had a difficult year in 2022, but it has begun to slowly improve this year. Inflation has started to decline in major economies as a result of the majority of governments reaffirming their hawkish positions. In reality, growth indicators have already begun to blaze. Take China itself as an example. The National Bureau […]
While many bitcoin investors look for the asset to behave as a safe haven, bitcoin typically has ultimately acted as the riskiest of all risk allocations.
Bitcoin price correlates with high-beta stocks in the recent move upward. Global liquidity is increasing as financial conditions loosen.
The venture capital firm assured partners it ran a rigorous due diligence assessment when it invested in FTX, finding the exchange to generate $1 billion in revenue and $250 million in operating income.
West Realm Shires Incorporated, the owner of FTX US, has announced its ongoing acquisition of Embed Financial Technologies, the parent company of clearing firm Embed Clearing LLC.
The firm disclosed this on Tuesday in a press statement. However, the company did not disclose the price of the acquisition.
Additionally, the exchange noted that the take-over is dependent on the satisfaction of customary closing conditions and regulatory approval.
According to FTX US, Embed specializes in providing white label brokerage services and application programming interface to broker-dealers and registered investment advisors.
The exchange said the acquisition will allow it to provide white label brokerage services to businesses, applications and users of FTX Stocks, which is its equities and exchange-traded fund trading platform.
“The acquisition signals the company's intention to expand the financial services it offers to US customers and will enable it to route, execute, clear and custody all customer equities and options accounts and trades through use of Embed's infrastructure and licensure,” FTX US explained in the statement.
‘A Common Goal’FTX US in the statement said it shares a common goal with Embed.
Brett Harrision, the President of FTX US, said the exchange was looking forward to integrating its team and technology with those of Embed “as we continue to build FTX Stocks.”
Moreover, Harrison noted that the company’s goal is to provide a comprehensive trading application that cuts across all asset classes.
“For equities and options trading, this necessarily includes services such as clearing and custody, and our partnership with Embed showed us that they have built excellent technology and infrastructure to provide these services,” he added.On his part, Michael Giles, the Founder and Chief Executive Officer of Embed, believes that the acquisition will enable both companies to come up with industry-leading securities and crypto solutions.
Giles noted that this “was previously sorely lacking” in the trading industry.On top of that, the CEO shares a sentiment similar to those of Harrison. They both believe their companies share similar identities.
“Our teams have a shared vision and dedication to building from the ground up to democratise access to financial services, and Embed's latest securities technology is the ideal complimentary to FTX's leading crypto solutions,” Giles explained.FTX's Recent MovesFTX recently acquired a Canadian crypto platform. According to a press statement announcing the acquisition, the firm is registered as a restricted dealer under the securities laws of all provinces and territories in Canada.
Furthermore, the exchange recently launched a subsidiary in Japan to offer customers a platform for spot and derivatives trading.
Headquartered in Tokyo, FTX Japan is a licensed crypto services provider and Type 1 Financial Instruments Business license holder approved by the Financial Services Agency (FSA) in Japan.
This article was written by Solomon Oladipupo at www.financemagnates.com.Bitcoin decoupled from equity markets to the downside on Monday after ending last week as the eighth consecutive weekly loss.
Bitcoin’s price revisited early 2021 levels on Wednesday as the currency struggled to maintain the $30,000 zone.
As commodities rise in value, a warning sign appears in the market; the crypto speculator’s market is over. Covered: State of Crypto: Equity Correlation The ‘Boring Stage’ of Crypto State Of Crypto: Equity Correlation Bitcoin and the crypto market seemed to be rebounding well after the downward movement due to Russia’s invasion of Ukraine on […]
The post State of Crypto: The Speculators Market is Over appeared first on CryptosRus.
During Bitcoin 2022, a group of high-net-worth investors gave insight into the perspective of whales and their future in the bitcoin market.
The Bitcoin price has broken the $38,000 mark and may have entered an important support zone. This important achievement could open the way up again. Currently, the question is how quickly can Bitcoin get back into the 40,000s. Could the price turn heavily bullish again in the next few weeks? Or the Bear market did not end yet? Let's have a quick look at Bitcoin price and the equity markets.
Bitcoin Price breaks Resistance above $38,000The Bitcoin price shattered from a high of 60K all the way to 33K in the past month. A week ago it fell from $43,000 in 2 days to around the bottom $33,000 at times. Stabilization progressed very slowly. The price then leveled off between $35,000 and $36,000.
In the last few days, the Bitcoin price tried to break the $38,000 mark. Bitcoin had to move down again and again. Today it is finally climbing above $38,000 and it may have entered a key support zone.
Fig.1 BTC/USD 1-day chart showing the break of the resistance - TradingView Bitcoin Price at important Resistance LevelIt is true that Bitcoin prices managed to break the resistance level of $38,000. However, it is crucial to keep in mind that this break might be a mere fakeout. Prices can still fall lower and reach $33,000 again. Technical traders often await prices to reach such areas to short-sell the asset with a 50% target of the low price. In order to confirm the break in the downtrend, we need prices to remain higher than $38,000 for a couple of days, or see a major green candle breaking higher.
Another important element that needs to happen is a consolidation in prices. This price breather is vital to regain the purchasing power. The Fibonacci retracement of the current crash shows that prices need to even breach a price of $47,000 to announce the end of the bear market.
Fig.2 BTC/USD 1-day chart showing the needed trajectory of BTC to reverse - TradingView The US Equity Market is UP as wellLooking at the Dow Jones Industrial Average and the S&P index chart, we can see a strong green candle that occurred this past Friday before the market closes. In turn, the crypto market recovered as well. Since both indexes might recover from their strong support areas, the crypto market might as well go up accordingly.
Fig.3 SPX500 1-day chart - TradingView Fig.4 DJI 1-day chart - TradingViewIf you feel like you need guidance when tackling the crypto market, you need to check out our premium area. You’ll always be up-to-date with everything happening in the crypto market. Additionally, you will receive trading ideas and professional trading support. You will also receive information about the latest crypto trends at an early stage! If you want to read more about our Premium Area, click here.
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Bitcoin Crash© Cryptoticker
The post Bitcoin Price $BTC above 38K! Bear Market Over? Look at US Equities! appeared first on CryptoTicker.
As a change of tune, the IMF alludes to the fact that crypto-assets like Bitcoin (BTC) have transformed from an obscure asset class to an integral part of the digital asset revolution. (Read More)
Potential correlation between bitcoin and equities is in focus as the S&P 500 reached as far as 4.2% below its all-time highs.
Do stonks stocks really always go up? Covered: Dow Jones The Buffet Indicator Fed Rally Thanks To Money Printer Crypto’s Relationship With The Stock Market Dow Jones Is Up But For How Long? While this may sound like a surprise considering the Dow Jones is up 700 points today, key data shows that the market […]
The post Data Shows Stocks Historically Overvalued: What Does This Mean For Crypto? appeared first on CryptosRus.
Takeaways Bloomberg all but promises Bitcoin to 100k and Eth to 5k Says Bitcoin will compliment the dollar as the “digital reserve asset” of the world Indicates decreasing supply and pullbacks point to mega-bulls in the near future Point to crypto as a paradigm shift and revolution in money and finance Usually, when the market […]
The post Bloomberg Says Bitcoin to 100k appeared first on CryptosRus.
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