News

Our recent acquisition of new licenses has allowed us to expand our market reach significantly. Previously, we were limited to serving licensed financial institutions, but now we are able to cater to a wider range of clients, including enterprises and SMEs. This means that we can now provide our services to importer/exporters who need to pay suppliers overseas, as well as companies with freelance developers located in different parts of the world.

Bitget, a leading cryptocurrency exchange and Web 3.0 company, has formed an educational partnership with the University College London's (UCL) Blockchain Society and FinTech Society. This collaboration aims to provide students with a comprehensive understanding of blockchain technology and trading through Bitget Academy's resources.

The Santa Claus rally, a phenomenon observed in the stock market, could potentially have a positive impact on Bitcoin prices. According to Matrixport, a leading cryptocurrency financial services provider, there is a possibility of a rally in Bitcoin prices in the near future.

Binance has recently launched a self-custody Web3 wallet that enables users to seamlessly interact with the decentralized finance (DeFi) ecosystem. This wallet offers a convenient and secure way for users to engage in various activities such as staking, lending, and borrowing.

The fixed vs floating swap market and the creation of a forward curve for the ETH staking rate have become significant in the financial industry. This market allows speculators to express their views on network demand, volatility, and macro events by gaining exposure to the future rate. Both OTC dealers and DeFi protocols play a crucial role in creating these marketplaces.

A temperature check poll on the proposal started on November 3rd and will end on November 10th. The purpose of this poll is to gather feedback and determine whether the proposal should be taken to an official Arbitrum DAO vote.

A popular trader, known as Dave the Wave, who accurately predicted Bitcoin's crash in May 2021, has set a technical target for the top cryptocurrency to achieve in order to position itself for a massive rally in late 2024.

A widely followed crypto analyst has raised concerns about the potential impact of a US Federal Reserve interest rate cut on the Bitcoin market. In a recent video update, Benjamin Cowen, a prominent crypto trader, shared his analysis with his large YouTube following. Cowen points out that historical patterns indicate a downward trend for both the S&P 500 and Bitcoin following a Fed rate cut.

The asset management industry is a significant global sector, with a substantial portion of assets being held in passive strategies such as ETFs and index funds. In Europe alone, the industry manages €28.4 trillion of assets, with 20% allocated to passive vehicles. This includes approximately half in exchange traded products and the other half in index funds.

The Securities and Exchange Commission (SEC) is currently reviewing nine Bitcoin exchange-traded fund (ETF) applications. Three other applicants, Hashdex, Franklin, and Global X, may have their own comment periods. However, if the SEC is willing to disregard those applications for now, they could issue approvals for the first nine filings.

The Commodity Futures Trading Commission (CFTC) has reported a significant increase in complaints about crypto assets in 2023. According to the regulatory agency, these complaints accounted for nearly half of its enforcement actions.

According to Blume, after the fall of Genesis, BlockFi, Celsius, and others, there is a major gap in the market for responsibly managed secured loans for institutions. Two Prime is well-positioned to fill this gap. Blume emphasized that Two Prime is focused on serving institutional borrowers.

Bitcoin's quadrennial halving event, expected in April 2024, is of particular importance for miners. During this event, block rewards for the industry will be cut in half.

According to economists at the Bank for International Settlements (BIS), stablecoins are not meeting their intended purpose of being a reliable means of exchange. In order for stablecoins to be effective in facilitating transactions, they need to maintain a stable value throughout the day. However, BIS researchers have found that many stablecoins are failing to do so.

The amount of new token creation dropped during the third quarter to the lowest since at least the start of 2021, according to blockchain smart-contract auditor CertiK. The company created the data set by using the list of tokens added each quarter to the tracking website CoinMarketCap, and then stripping out so-called memecoins that serve no ostensible purpose but to provide yuks and a vessel for speculation.

Blockchain projects are increasingly exploring modular solutions to handle various tasks, such as data availability. Celestia, Avail, and Near Foundation are three notable projects in this space.