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Latam Insights: Crypto Adoption Booms in Latam Nations, Milei Bashes Socialism
18.9.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Brazil, Argentina, and Mexico are present in Chainalysis’ 2023 Global Crypto Adoption Index; Argentine presidential candidate Javier Milei blames...
Tether stability tested amid crypto market shakeup
18.9.2023
Amidst the ongoing crypto volatility, Tether (USDT) is sustaining its place as one of the most significant digital tokens in existence. The token, which has a set exchange rate of one U.S. dollar for each USDT, has been intensely inspected since late 2018 due to speculations that it is being...
Avalanche on the verge of becoming top 20 cryptos; Can Bitcoin Spark join the top coins?
16.9.2023
Avalanche (AVAX) is making significant strides in the cryptocurrency world, poised to secure a spot among the top 20 cryptocurrencies. Its impressive performance and growing ecosystem have caught the attention of investors and enthusiasts alike. Amidst this crypto surge, a new Bitcoin fork...
Crypto Market Sees $55 Billion Outflow in August Amid Liquidity Concerns - Bitfinex Report
15.9.2023
As much as $55 billion in capital exited the crypto market in August, while both trading volumes and volatility remained at suppressed levels, a new report has revealed.
According to the report, published by crypto exchange Bitfinex on September 11, the massive outflows came from three major...
Crypto market outflows reached $55B in August as liquidity dwindled — Bitfinex
14.9.2023
Crypto’s liquidity crunch could allow event-based volatility to have a greater impact on prices, according to a recent analysis from Bitfinex
Liquidation cascade puts crypto market into shock: Report
14.9.2023
Venture capital inflows decreased 42.7% as derivatives saw one of the largest liquidation events in crypto
Despite Crypto Market Rout in the US, “Clear Heads Will Prevail,” Says Ethereum Co-Founder
14.9.2023
Joseph Lubin, the co-founder of Ethereum and the CEO of blockchain firm ConsenSys, is optimistic about crypto adoption in the US, similar to embracing “previous technologies like the internet.”
In a recent interview on CNBC’s ‘Capital Connection,’ he said that “clear heads will prevail” in...
Crypto Market Shows Signs of Stability Ahead of U.S. CPI
13.9.2023
While some economists predict a jump in U.S. CPI compared to July, Factset research shows inflation is becoming less of a concern for large companies
Decentralized Exchange Sushi Ventures Beyond Ethereum by Expanding to Aptos
12.9.2023
The decentralized crypto exchange Sushi is expanding to the Aptos blockchain. The team noted that the move marks Sushi’s first expansion onto a non-EVM blockchain. From Ethereum to Aptos Sushi is a decentralized exchange (dex) and automated market maker (AMM) built on the Ethereum blockchain....
Bitcoin Price Prediction as Crypto Market Selling Continues – What's Going On?
11.9.2023
Amid a continued selling trend in the crypto market, Bitcoin's value experiences notable fluctuations. As of now, the live price of Bitcoin stands at $25,090, with an impressive 24-hour trading volume of $14.7 billion.
However, despite its market dominance—reflected in its #1 ranking...
Bitcoin Dips Below $25K in a Tumultuous Crypto Market, While Traditional Equities Soar on Tesla’s Rise
11.9.2023
Bitcoin’s (BTC) value dipped under the $25K mark on Monday, a level unseen in 88 days, pushing the global cryptocurrency market cap perilously close to falling below the $1 trillion benchmark. Presently, BTC is hovering just above the $25K mark at 2:00 p.m. Eastern Time on Monday afternoon....
SEC Greenlights Nasdaq’s First AI-Powered Order Type
9.9.2023
The U.S. Securities and Exchange Commission (SEC) has approved a new artificial intelligence (AI)-powered order type for Nasdaq’s stock exchange. This marks the first AI order type approved for an exchange. Nasdaq says the latest technology aims to improve efficiency and performance on...
Ark Invest, 21shares, and Vaneck Forge Ahead With Spot Ethereum ETF Applications
7.9.2023
The U.S. Securities and Exchange Commission (SEC) has temporarily postponed its ruling on seven bitcoin exchange-traded fund (ETF) applications. Meanwhile, a fresh wave of applications has emerged, with Ark Invest and 21shares, in addition to Vaneck, seeking approval for spot ethereum ETFs. These...
Crypto Market-Making Profit Margins Take a Hit, Down 30% Amid Industry Changes
6.9.2023
The once-lucrative business of market-making in crypto, facilitating trades and profiting from the spread between buying and selling prices, has faced headwinds recently.
One major factor contributing to this decline is the heightened caution among investors following the crypto market's downturn...
Crypto market ‘dramatically underestimates’ bullishness of spot Bitcoin ETFs
6.9.2023
“It’s reckless not to aggressively accumulate BTC at current levels,” K33 senior analyst Velte Lund said in a recent report
Bitcoin, Ethereum Technical Analysis: BTC Slips Below Key Support Point as US Markets Reopen Following Labor Day
5.9.2023
Bitcoin moved lower on Tuesday, as U.S. traders returned from the Labor Day celebration, bringing back bearish sentiment with them. The global crypto market cap was down by 0.47% at the time of writing. Ethereum remained in the red, with price trading below a recent support point. Bitcoin Bitcoin...
Aussies To Be Paid To Understand Crypto Market and Recognize Scam Coins: Swyftx
5.9.2023
Australian crypto exchange Swyftx has launched a ‘Learn and Earn’ education platform with an aim to better equip Aussies with “crypto knowledge until such time as the industry is fully regulated.”
Tom Matthews, head of corporate affairs at Swyftx told Cryptonews that there has been a surge...
Bybit Introduces Tradegpt: AI-Powered Chatbot Offers Real-Time Crypto Market Data, Trading Tips
4.9.2023
Dubai’s Bybit cryptocurrency exchange has unveiled an artificial intelligence (AI)-powered instrument named Tradegpt. The new chatbot can scrutinize the exchange’s existing market data and offer an in-depth price evaluation by employing bitcoin’s current metrics as an example....
Defi Sector Navigates an Extended Crypto Winter: TVL Dips to February 2021 Levels
2.9.2023
The realm of decentralized finance (defi) is grappling with the aftermath of the sweeping crypto market slump that marked the close of August. As it stands, the total value locked (TVL) in defi, pegged at $37.59 billion, has plummeted to a low last witnessed in the second week of February 2021....
Ex-ARK invest lead predicts crypto market rally; Polkadot, Polygon, & InQubeta ready for a 10x surge
2.9.2023
A statement from a former lead of Ark Invest about a probable crypto market rally has given hope to investors. This optimism is shared by many, especially because of the success of many new cryptocurrencies and projects, such as InQubeta, Polkadot, and Polygon. InQubeta, with its unique...