Bitcoin Off Lows as Bank of England’s Bond Market Intervention Raises Hopes for Fed Pivot
The hope is the U.S. central bank will scrap its tightening policy that has hit crypto prices. Bitcoin (BTC) recovered from daily lows after the…
Category: News
FTX in talks to raise up to $1 billion at valuation of about $32 billion, in-line with prior round
Sam Bankman-Fried’s crypto conglomerate FTX is in talks with investors to raise up to $1 billion in new funding that would keep the company’s valuation…
Nasdaq Starts Crypto Custody Service for Institutional Clients
The exchange said it is open to working with crypto-native firms. Nasdaq (NDAQ), the second-largest U.S. stock market operator, is starting a cryptocurrency custody service…
SEC, Ripple Call for Immediate Ruling in Suit Over Whether XRP Sales Violated Securities Laws
The U.S. Securities and Exchange Commission and Ripple Labs both filed motions for summary judgment, arguing that a judge overseeing the case has enough information…
State Street: Institutional investors undeterred by crypto winter
A State Street exec says there is an institutional “belief that the asset class is here to stay” and to expect further product launches from…
Traditional Finance Giants Charles Schwab, Citadel, Fidelity, and Others Start Crypto Exchange EDX Markets
The exchange will be lead by CEO Jamil Nazarali. Financial heavyweights Charles Schwab (SCHW), Citadel Securities, and Fidelity Investments (FNF), and others announced the start…
Bitcoin Jumps Most in 6 Months as Hopes for 2023 Rate Cut Persist
ING expects a rate cut in June 2023 followed by further easing in the second half of the year. Major cryptocurrencies bounced early Friday as…
First Mover Americas: Bitcoin Now Below $19K as Merge-Fueled Ethereum Classic Hype Unwinds
The latest price moves in crypto markets in context for Sept. 7, 2022. Price point Bitcoin (BTC) was trading below the $19,000 threshold on Wednesday,…
First Mover Americas: A Bleak Month for Crypto as Bitcoin Slides, Ether Stalls and Solana Tanks
Price point Market conditions remained choppy on Wednesday with bitcoin (BTC) hovering around the $20,300 mark, down slightly on the day. Stocks were mixed and futures tied to…
Morgan Stanley Says Tightening in the Crypto Market Has Paused
While the market cap of stablecoins, an indicator of crypto liquidity, has stopped falling, demand for leverage has yet to start recovering, the bank said.…