According to a report from Coindesk claiming access to a leaked internal communication, high-net-worth individuals of Santander Private Banking International will have access to trade BTC and ETH. Cointelegraph could not independently verify the development as Santander did not immediately respond to requests for comments at the time of writing.Continue Reading on Cointelegraph More
Despite the fluctuations, Lego Coin managed to maintain its value, demonstrating stability in an otherwise volatile market. However, Jeff in Space wasn’t as fortunate, dipping by 2.2%. Lumi Credits inched slightly higher with a subtle increase.In the broader context of the crypto industry, Ethernity Chain (ERN) also faced a downturn with its value decreasing by 1% to $1.64 against Bitcoin amidst trades surpassing $738K. ERN has been active since January 29th, 2021 and is known for its focus on authenticated non-fungible tokens (NFTs) within the Ethereum ecosystem. To acquire ERN tokens, investors are required to first purchase cryptocurrencies like Ethereum or Bitcoin through exchanges such as GDAX or Coinbase (NASDAQ:COIN) before they can trade for ERN.Adding to the diverse crypto landscape is Trexcoin, which has been circulating since April 4th, 2020. It boasts over ten billion coins in circulation and maintains an online presence with an official website and social media engagement through Twitter and Reddit.Investors and enthusiasts following these digital currencies can find regular updates and insights from sources like CryptoBeat newsletter, which provides comprehensive coverage of ERN and related cryptocurrencies. The dynamic nature of the market is further underscored by the active online presence of various tokens including Onyxcoin DAO network’s Chain, which offers updates through multiple platforms such as Twitter and Medium.As the crypto market continues to evolve, participants are witnessing both opportunities and challenges within this digital asset space.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
An on-chain message shared by blockchain security firm PeckShield on social media shows Poloniex’s message to the hacker. According to the exchange, it has already confirmed the hacker’s identity. The exchange further highlighted that it is working with various law enforcement agencies from the United States, Russia and China. Continue Reading on Cointelegraph More
The move by Santander comes at a time when the cryptocurrency market is experiencing a surge, with Bitcoin and Ethereum prices climbing to $37,273.87 and $2,031.11 respectively. This uptick is attributed to the SEC’s heightened attention to Spot Bitcoin ETFs and the buzz around BlackRock (NYSE:BLK)’s proposed Spot Ethereum ETF.In addition to its Swiss operations, Santander has reinforced its position in the digital asset space by registering with the French regulator as a crypto custodian. This strategic step aligns with the bank’s commitment to embracing modern technologies while ensuring compliance with regulatory standards.Meanwhile, in Germany, Commerzbank (ETR:CBKG) has secured a crypto custody license, allowing it to safeguard digital assets and explore new services aligned with technological advancements.Jörg Oliveri del Castillo-Schulz, COO of Commerzbank, emphasized the importance of integrating cutting-edge technologies within the regulatory framework. Santander’s initiative is set to benefit from Switzerland’s robust regulatory environment overseen by FINMA.The expansion into digital asset trading by traditional financial institutions indicates a growing acceptance of cryptocurrencies as part of mainstream financial services.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
This statement came in response to XRP’s price changes following falsely reported news about a BlackRock exchange-traded fund (ETF). Reflecting on Ripple’s ongoing legal battle with the Securities and Exchange Commission (SEC), Deaton drew parallels with past events where early investors benefited. He referenced Ripple’s legal victory under Judge Analisa Torres, which led to a surge in XRP’s price to $0.91. With the SEC case nearing its conclusion, Deaton advised investors to consider a strategic approach. He suggested that buying during quieter times and selling during periods of high interest—often fueled by a fear of missing out—could yield substantial returns. Deaton implied that investing before such news becomes widely known to the public could be advantageous. As the Ripple case progresses, market watchers will likely keep a close eye on developments and their potential impact on XRP prices.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
The “max pain point” — the price level at which the most options would expire, worthless — is currently $36,000 for Bitcoin and $1,900 for Ethereum. Historically, prices tend to gravitate toward the max pain point as expiration approaches, causing traders to adjust their positions, which can lead to increased volatility.The Put/Call Ratio, at 0.49 for BTC and 0.41 for , indicates a higher number of call options, suggesting bullish sentiment among option holders. However, this ratio also underlines the risk of a sharp move in either direction, as options near their expiration.Looking back, significant options expiries have often coincided with increased trading activity and price swings, as market participants hedge their bets or double down on their market expectations. For instance, past expiries have sometimes led to a decline in prices as traders sell the underlying asset to manage their exposure, while other times, a rally follows if the sentiment is bullish enough to absorb the selling pressure.As these options expire, the immediate effects on the market will depend on the current sentiment and positioning of market players. While the expiry itself may not dictate long-term price trends, it can serve as a catalyst for short-term price movements. Investors and traders will be watching closely to see if the market aligns with historical patterns or if it charts a new course in response to the current economic landscape. This article was originally published on U.Today More
The ProShares ETF, which made headlines for rapidly accruing $1 billion in assets following its launch two years ago, remains a significant player in the cryptocurrency investment landscape. Michael Sapir, CEO of ProShares, has voiced strong support for the futures-based BITO. He highlights its continued importance in the market, emphasizing the benefits of oversight by the Commodity Futures Trading Commission (CFTC) and the reliable fund management services it offers.The upcoming SEC decision could introduce spot Bitcoin ETFs that offer direct exposure to the cryptocurrency, potentially at lower costs. This development is keenly watched by investors and industry experts alike, as it could pave the way for broader acceptance and integration of cryptocurrencies into traditional investment portfolios.While the outcome of the SEC’s deliberations remains uncertain, ProShares’ confidence in its Bitcoin Strategy ETF suggests a belief in the enduring value of futures-based products within the crypto financial ecosystem. The growth to $1.4 billion in managed assets underlines investor interest and trust in BITO’s approach amidst a dynamic regulatory environment.Delving into the real-time data from InvestingPro, the ProShares Bitcoin Strategy ETF (BITO) has a significant market cap of 1360M USD. The ETF also rewards its shareholders with a substantial dividend yield of 9.16% as of 2023. However, investors should note that the ETF has seen a 2.49% decrease in price total return over the last week, even though it has demonstrated a strong return over the last month with a 26.13% increase.InvestingPro Tips reveal that BITO has delivered a high return over the last year and a strong return over the past three months. Despite this, the ETF suffers from weak gross profit margins and its valuation implies a poor free cash flow yield.These insights, among the many others available, are part of the InvestingPro subscription, which is currently on a special Black Friday sale with a discount of up to 55%. Subscribers have access to an extensive list of tips, with BITO alone having six additional tips available. This comprehensive data and expert analysis can guide investors in making informed decisions in the dynamic and potentially lucrative cryptocurrency market.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
Since then, the board has been facing strong criticism from the startup major clients and investors. According to a Bloomberg report, efforts to reinstate Altman as CEO have already involved Microsoft (NASDAQ:MSFT), OpenAI’s biggest shareholder.Continue Reading on Cointelegraph More
