Analysts at Glassnode have found that hedge funds are building up an increasingly large net short position for Bitcoin. Analysts say the cash-and-carry trade could be one reason why ETF demand hasn’t resulted in a higher bitcoin price. Shutterstock Posted June 11, 2024 at 11:11 pm EST. The price of bitcoin is hovering around $67,500
The European Union Innovation Hub — a collaborative effort among various EU agencies and member states — has recently published its inaugural report on encryption. The report highlights the dual nature of cryptographic technologies, acknowledging their potential for both positive and negative applications. 📢 Just published: new report on the use of encrypted communications in
Neither Gary Gensler nor Elizabeth Warren is a fan of crypto. Photo: Chip Somodevilla/Getty Images On a warm evening in late September 2023, Mike Novogratz, the billionaire hedge funder turned crypto investor, walked into a restaurant in Washington, D.C. In town from New York, the CEO of Galaxy Digital had spent the day on Capitol
Stablecoins sit at the center of the crypto sector’s goals for a return to form. That’s because stablecoin digital assets, which are designed to maintain a stable value by being pegged to a reserve asset such as a fiat currency (e.g., USD) or commodity (e.g., gold), aim to provide the benefits of cryptocurrencies — such
As cryptocurrency evolves each day, projects need to stand out and gain specific recognition. Listing agencies offer focused marketing, PR, and community management services, which can help projects achieve this goal. However, it is important to state here that these agencies are not obligated to do so. This is because there are many agencies in
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, lost all its gains from last week (going up to $71,000) and dipped down to the $69,000 range early Monday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — saw minor gains and dips across
Digital asset marketplace Bakkt is reportedly considering putting itself up for sale. That’s according to a Friday (June 7) report from Bloomberg News, citing sources familiar with the matter. Those sources said Bakkt — which has a market value of around $300 million as of Friday — had been working with a financial adviser to
Former president Donald Trump continues to bill himself as the crypto-friendly candidate in a bid to secure donations from the digital asset sector. Trevor Traina, a tech executive, tells Reuters that Trump said “he would be the crypto president” at a recent San Francisco fundraiser. Traina previously served as the US ambassador to Austria during
A widely followed crypto analyst says one meme asset that has seen tremendous gains over the last eight months will continue its upward momentum. In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 217,000 followers on the social media platform X that memecoin MAGA (TRUMP) will go “berserk” even though it experienced
Customers Bank, which services some of the largest names in crypto including Galaxy Digital (GLXY), Coinbase (COIN) and Circle, has told some hedge-fund clients it can no longer provide them with banking services, according to three people familiar with the matter. Whilst the extent of the cull is unclear, one person said “a load of