In A Nutshell During the BIS Innovation Summit on May 7, Umar Farooq, CEO of Onyx, a blockchain-based payment platform developed by JPMorgan, shared insights on the application of public blockchain ledgers in large-scale transactions. Farooq expressed concerns over their current suitability for handling significant transactions due to accountability issues. Despite this skepticism, the trend…
In A Nutshell The cryptocurrency market is witnessing a tug-of-war, with dogwifhat (WIF) struggling to maintain its bullish momentum. After failing to breach the $3.6 mark, concerns are mounting over a potential downturn to the $2.4 support level. This piece delves into the recent price actions of WIF, alongside market sentiment and technical indicators, to…
In A Nutshell Ethereum’s price hovers around the $3,000 mark as a significant increase in short positions highlights traders’ expectations for a continued downtrend. Recent data reveal a surge in short liquidation to over $800 million, demonstrating a bearish sentiment in the Ethereum market. This shift comes after a series of long position liquidations, suggesting…
In A Nutshell As Bitcoin continues to garner attention from institutional investors and retail traders alike, the importance of secure custody solutions cannot be overstated. With the value of Bitcoin projected to rise significantly, users must adopt a custody method that aligns with their risk tolerance, investment strategy, and regulatory requirements. This article delves into…
In A Nutshell Revolut, a prominent UK-based FinTech company, has recently made headlines with its ambitious dive into the cryptocurrency market through the launch of Revolut X. This move aims to cater to the growing demand for competitive fees and seamless transactions in the crypto space, reflecting the firm’s customer-centric approach. Alongside its partnership with…
In A Nutshell The cryptocurrency Tellor (TRB) has witnessed a notable 20% increase in its value over the past 24 hours, an impressive feat considering the general bearish sentiment in the broader crypto market. This surge extends its 30-day gains significantly, with its price standing at $114.60 at the time of analysis. Despite this positive…
In A Nutshell The landscape of cryptocurrency is once again under the scrutiny of the United States Securities and Exchange Commission (SEC). Recent events have illustrated a continuing and intensified effort by the SEC to regulate the crypto industry through legal challenges. This marks another chapter in the ongoing tension between regulatory bodies and the…
In A Nutshell The cryptocurrency sector recently witnessed a substantial heist involving $71 million in Wrapped Bitcoin (WBTC), stolen through a sophisticated wallet impersonation scam. After a period of inactivity, the thief began dispersing the ill-gotten gains across various digital wallets, complicating the efforts to track and recover the funds. Overview of the $71 Million…
In A Nutshell The Bitcoin market is showing signs of what could be interpreted as a bullish setup for the near future. Two significant indicators, the funding rate and the 3-month annualized basis rate, have returned to levels suggesting a potential uptrend. This analysis draws upon recent observations by experts in the cryptocurrency field, suggesting…
In A Nutshell According to a recent report by investment banking company Keefe, Bruyette & Woods (KBW), the trading platform Robinhood is facing a potentially legal challenge from the Securities and Exchange Commission (SEC) after being issued a Wells Notice. Despite the SEC’s action, KBW suggests that Robinhood’s conservative approach to cryptocurrency listings could position…