Finance names were also a weight on the FTSE, with Lloyds Banking Group, Standard Chartered, Standard Life Aberdeen, M&G, Royal Bank of Scotland and Aviva all losing more than 2%. In the FTSE 250, 10 firms posted share price falls of more than 8%, including WH Smith Plc, Provident Financial, and Cineworld Group. At the…
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From a fundamental perspective, Federal Reserve chairman Jerome Powell has stated publicly that he is willing to keep the printing presses running, doing whatever it takes to prevent prescribed “lockdowns” from destroying the economy, historically a good sign for Bitcoin. It has been a good sign for stocks too, as the S&P 500 has rallied…
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Fedor Poskriakov commented: This will greatly contribute to the emergence of fully digital capital market infrastructures, including integrated custody and secondary trading venues. The benefits of the digitalization of the financial industry are such that the evolution towards decentralized infrastructures seems inevitable. The CMTA highlighted that storage of digital assets is significantly different from traditional…
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When we last reported on Silvergate’s successful IPO in November of last year, it opened at $12 per share, but some shares had risen to as high as $16. Due to the current economic climate, share values had fallen to nearly $14, but after its favorable Q1 report, shares increased 10% to $15.75. The bank…
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What about the new week to come? With squeeze victims licking their wounds, no one is suggesting a major downward movement over the next few days. If there is a consensus, it is that Bitcoin will continue to grind slowly upwards, but it will encounter formidable resistance below the $8,100 level. Insiders claim there is…
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Whatever the true reasons are for investors rushing to buy stablecoins, $9 billion could easily purchase over one million Bitcoins, but times have changed, as has the makeup of investors and how they prefer to operate. Gone are the times when miners were the major owners of this convenient tool, when the market could anticipate…
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However, the charges did not stop Schmidt and Dunlap from continuing to promote Meta 1. SEC’s contempt motion states that the three defendants had raised more than $4.3 million from “investors” and were continuing to sell the tokens. Judge Pitman said that in this case imposing a fine would not be effective and chose a…
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Crypto enthusiasts generally object to these findings, preferring to discuss Bitcoin’s “store of value” concept as an evolving characteristic. Cryptoglobe noted that Charles Hayter, Co-Founder and CEO of CryptoCompare, a leading crypto market data provider, had said: “Its risk-off across the markets -- Bitcoin is still novel, and is great as a means of transferring…
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What about those hidden clues that point to Bitcoin’s potential future? Analysts at Cointelegraph have focused on the $7.6 billion that currently is sitting on the sidelines, stored in various stablecoins and just waiting to jump into the fray. Are these funds waiting for the halving event to have its greatest impact on prices or…
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An exchange-traded Bitcoin fund on a major global stock exchange is now a reality at the Toronto Stock Exchange (TSX) in Canada and 3iQ, the asset management firm that stayed the course for three years and which launched the fund this past Thursday. $14 million was invested on that eventful day with more to come…
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