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Showing posts with the label market

The Hong Kong Securities and Futures Commission changes crypto rules, citing market developments.

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In the realm of crafting content, three vital elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness delves into the ebb and flow of sentence structures. Lastly, predictability is the likelihood of anticipating the subsequent sentence. It’s worth noting that human-authored content tends to exhibit greater burstiness, a juxtaposition of lengthy, intricate sentences and succinct ones. In contrast, AI-generated sentences often adopt a more uniform structure. Therefore, for the content you’re about to embark upon, I implore you to infuse it with a healthy dose of perplexity and burstiness while minimizing predictability. Additionally, please adhere to the use of the English language exclusively. Now, allow me to reframe the following text: Over a month had passed when news finally broke regarding the distressing predicament faced by over a thousand users who su...

Stablecoin market escaping US regulatory oversight: Chainalysis

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Stablecoin activity has been increasingly occurring through entities that aren’t licensed in the United States, according to Chainalysis. The United States government may be losing regulatory oversight of the stablecoin market , according to a new report by the blockchain research firm Chainalysis. Stablecoin activity has been increasingly occurring through entities that aren’t licensed in the United States, Chainalysis stated in its latest North America cryptocurrency report released on Oct. 23. According to Chainalysis’ findings, the majority of stablecoin inflows to the 50 biggest cryptocurrency services have shifted from U.S. licensed services to non-U.S. licensed services since spring of 2023. As of June 2023, about 55% of stablecoin inflows to top 50 services were going to non-U.S. licensed exchanges, the report stated. Share of stablecoin inflows to U.S. licensed vs. non-U.S. licensed exchanges between July 2022 and June 2023. Source: Chainalysis The study suggested that the ...

AI and blockchain will 'reshape sectors' and create new markets from scratch — Moody's

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According to an analysis from Moody's Investors Service, AI and distributed ledger technologies are set to disrupt companies, industries, and economies across the globe. Artificial intelligence (AI) and blockchain technologies have reached a "tipping point" and are set to shrink established industries while creating new ones, forecasts a report from Moody's Investors Service published on Sep. 6.  According to the authors, the combined impact of AI and distributed ledger technologies (DLTs), such as blockchain , has effects "far beyond corporate balance sheets," and "will likely reshape entire sector s, leading established industries "to shrink or disappear altogether while creating new market s from scratch ." The report notes: "History has shown that transformative technologies can shrink established sectors shrink or wipe them out entirely [...] AI will drive the emergence of new sectors, possibly in content generation, mobility, edu...

Kraken dominates US altcoin market liquidity in July

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In July, Kraken reinforced its dominance as the top platform for altcoin trading in the US. Kaiko reports reveal that Kraken commanded nearly 50% of the market depth for the top 10 altcoins. On Aug. 9, Kaiko’s research analyst, Dessislava Ianeva, spotlighted Kraken’s significant altcoin market influence. In July, Kraken emerged as the most liquid platform for alts in the US. Its claiming almost half of the market depth for the top 10 alts. pic.twitter.com/2fumt7yi9a — Dessislava Ianeva (@DessislavaIane2) August 9, 2023 Known for its impressive euro volume and liquidity, Kraken supports trading over 100 cryptocurrencies and seven fiat currencies. Founded in 2011 and launched in 2013, Kraken caters to over 8 million traders and institutional clients. Its prominence has grown, particularly after Binance and Coinbase faced SEC allegations. You might also like: Binance engages former DOJ prosecutor to counter SEC allegations Such allegations triggered...

‘Bitcoin market has matured’: WisdomTree, Invesco file for spot ETFs

Investment firms Invesco and WisdomTree are making more attempts to secure approval to launch spot bitcoin exchange-traded funds (ETFs) following initial rejections. Their renewed efforts come just days after the world’s largest asset manager BlackRock made its own bid to launch such a fund. In its Tuesday filing, Invesco contends that the lack of a spot bitcoin ETF puts US investors at considerable risk, as they may resort to utilizing unreliable digital asset accounts, like many did with FTX, Celsius, BlockFi and Voyager. Availability of a spot bitcoin ETP could have resulted in billions of dollars remaining invested in a regulated and well-understood structure, rather than being tied up in proceedings, it added. Invesco, one of the largest ETF issuers in the world, had $1.4 trillion assets under management as of April. Invesco is pursuing approval to list the “Invesco Galaxy Bitcoin ETF” on the Cboe BZX exchange, while WisdomTree is seeking to list the “WisdomTree Bitcoin Trust...

3 reasons why Ethereum’s market cap dominance is on the rise

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Bitcoin dominance is rising, but so is Ethereum’s share of market dominance among its altcoin competitors. Cointelegraph explains why. Ethereum has been the dominant smart contract and decentralized application (Dapp) network since its inception. An analysis based on Ether’s price (ETH), and its market capitalization, shows indisputable evidence that the blockchain has been gaining market share over time.  Ether market capitalization dominance (%). Source: TradingView As shown above, Ether’s dominance in market capitalization terms grew over the past couple of years, from an 18% average in July 2021 to the current 20%. Excluding Bitcoin (BTC) from the Analysis , Ether’s market share presently stands at 40.6%, while the next competitor, BNB, holds a 7.2% share. This shows the disparity from the leading Dapp-focused network to the incumbents, which is also evident when analyzing the total value locked (TVL) on each network’s smart contracts. Ethereum is the absolute leader with $24.6...

Researchers find cryptocurrency ‘signatures of maturity’ similar to equities market

Scientists at the University of Melbourne and Tsinghua University published pre-print research comparing the cryptocurrency market to traditional equities. A pair of computer science researchers recently published pre-print research indicating that the nascent cryptocurrency market is beginning to show a level of maturity similar to the traditional equities market.  Dubbed “Collective dynamics, diversification and optimal portfolio construction for cryptocurrencies,” the paper was written by Dr. Nick James, a fellow at the University of Melbourne’s Centre for Data Science, and Max Menzies, a professor at the Beijing Institute of Mathematical Sciences and Applications, Tsinghua University. Related: What’s next for EU’s crypto industry as European Parliament passes MiCA? The pair set out to determine what role cryptocurrency plays in portfolio diveristy and how the cryptocurrency market compares to the traditional equities market. Their findings indicate that, while there remains some ...