According to Matba Rofex, the trading platform behind the investment vehicle, it is the first Bitcoin (BTC) futures contract in Latin America. In a futures contract, buyers bet on the future price of a commodity or other asset, such as Bitcoin. Under the contract, buyers and sellers are obligated to purchase and sell the asset at a predetermined future date.Continue Reading on Coin Telegraph More
The SEC lawsuit alleges Mashinsky and Celsius raised billions of dollars through the sale of unregistered crypto asset securities and misled investors about the financial success of his business. The lawsuit adds to a series of challenges for Celsius Network, which earlier this year was also sued by New York’s attorney general. The crypto industry has been on shaky ground after the SEC’s lawsuits against major crypto exchanges Binance and Coinbase (NASDAQ:COIN) Global last month raised risks of further regulatory challenges for the sector. More
To control inflation, the Fed began raising interest rates aggressively in 2022, which hurt risk assets including Bitcoin. According to estimates, the value of the entire cryptocurrency market declined by around $1.4 trillion last year as a result of falling prices.Given the events that unfolded in the past year, some projections made at the beginning of the year suggested that would drop as low as $12,000 before rising again. These forecasts proved incorrect, as Bitcoin fell short of the $12,000 target and instead reached yearly highs of $31,000 in the first half of 2023.Citing on-chain data, Ali says the odds favor the bulls. This is because more holders bought between $16,000 and $30,000 than those who bought between $31,000 and $42,000. Thus, more reasonably, bulls would jealously guard the range between $16,000 and $30,000 as the stakes are higher.At the time of writing, Bitcoin was down 1.28% in the last 24 hours to $30,354.On-chain analytics firm highlights the importance of where Bitcoin presently trades. It says around 592,000 Bitcoin have a purchasing price of $30,200, near the current spot price.This small price fluctuations in either direction might send 3.45% of the circulating supply into a position of profit or loss.This article was originally published on U.Today More
This article will explore the economics behind Bitcoin’s halving, examining its effects on price movements and market sentiment. By understanding these factors, investors and enthusiasts can gain valuable insights into the cryptocurrency’s market behavior.Continue Reading on Coin Telegraph More
The complaint for avoidance and recovery of transfers was filed to the United States Bankruptcy Court for the District of Delaware on July 12. The plaintiffs state that SBF acquired DAAG through Alameda Research for $376 million, even though the Swiss company had limited business and no intellectual property other than a business plan. FTX executives’ goal was to obtain access to European regulators by owning a local company. Continue Reading on Coin Telegraph More
The report contained details from sources close to Meta, who said that although the company released its own large language mode (LLM) for researchers and academics called LLaMa earlier this year, the new version will be more widely available and can be customized by companies. Continue Reading on Coin Telegraph More
Wallet, a Telegram bot allowing users to buy and sell cryptocurrencies like Bitcoin (BTC), has launched a crypto payment solution based on The Open Network (TON) blockchain.Continue Reading on Coin Telegraph More
The proposal for MATIC’s technical upgrade is subject to approval from the Polygon community. Once approved, MATIC’s upgrade to a multipurpose token will result in its renaming to POL.Continue Reading on Coin Telegraph More
