Author name: Peter

Sygnum Survey Reveals Growing Institutional Advocacy for Crypto

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Sygnum’s Institutional Investor Survey An institutional investor survey conducted by digital asset bank Sygnum has revealed a significant shift in sentiment towards cryptocurrency. Over 80% of respondents now agree that crypto plays a crucial role in the global financial industry, marking a move from skepticism to advocacy. The survey, titled "Future Finance 23," was conducted […]

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Bitcoin Market Analysis: Mixed Signals and Critical Juncture

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Bitcoin's Downtrend on the 4-Hour Chart Bitcoin's trajectory on the 4-hour chart reveals a clear downtrend characterized by consistent lower highs and lower lows. The price experienced a significant drop from approximately $43,440 to $40,513, indicating increased selling pressure. The current bearish candlestick formation further suggests the possibility of the downtrend persisting. Bearish Run on

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NFT Trader Security Breach: High-Value Bored and Mutant Ape NFTs Stolen

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Introduction Reports have confirmed that the popular peer-to-peer NFT market platform, NFT Trader, has fallen victim to a security breach. The breach occurred when an attacker exploited an outdated smart contract, resulting in the theft of approximately $3 million worth of prized digital collectibles. Notably, the stolen NFTs included pieces from the Mutant Ape Yacht

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BONK’s Meteoric Rise: Outpaces PEPE with 621% Surge, Secures Third Place in Meme Coin Market

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BONK Emerges as the Third Largest Meme Coin The meme-inspired cryptocurrency BONK has experienced a remarkable surge in recent weeks, surpassing pepe (PEPE) to become the third largest meme coin in terms of market capitalization. BONK, which is based on the Solana blockchain, has witnessed a staggering 621% increase in value against the U.S. dollar

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FDUSD Supply Surges by 74% in Two Weeks, Becomes Fifth-Largest Fiat-Pegged Cryptocurrency

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In just two weeks since December 2, 2023, the stablecoin asset, first digital USD (FDUSD), has experienced a remarkable expansion, with its supply increasing by 690 million coins. As of December 17, 2023, this surge has propelled FDUSD's market capitalization to a significant $1.61 billion, marking a growth of 74.92%. FDUSD Emerges as Fifth-Largest Fiat-Pegged

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Crypto App Shakepay Reports Data Breach Affecting a Limited Number of Customers

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Shakepay, a Canadian crypto app, has recently announced a data breach that resulted in unauthorized access to personal information belonging to a specific group of its customers. The breach was detected on December 13, 2023, and while it compromised data, it did not impact any bank accounts, crypto wallets, or customer credentials. Shakepay Addresses Data

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SEC Rejects Coinbase’s Petition for Regulatory Clarity in Crypto Industry

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Coinbase Takes Legal Action Against SEC The U.S. Securities and Exchange Commission (SEC) has denied Coinbase Global's Petition for Rulemaking, which sought regulatory clarity in the crypto industry. Coinbase filed the petition in July last year, specifically requesting "potential rules to identify which digital assets are securities." After receiving no response from the SEC for

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Goldman Sachs: Don’t Expect Immediate BTC Spike After Spot Bitcoin ETF Approvals

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Goldman Sachs on Spot Bitcoin ETF Hype Global investment bank Goldman Sachs has advised investors against anticipating a sudden and immediate surge in the price of bitcoin upon the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Nonetheless, Goldman Sachs highlighted that the "ability to actually transact a

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Janet Yellen Discusses US Economy, Recession Risk, and Soft Landing

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Introduction Treasury Secretary Janet Yellen recently shared her insights on the state of the U.S. economy and the potential risks it faces. In an interview with CNBC, she discussed the progress made in reducing inflation and the need for the Federal Reserve to continue working towards its 2% target. Yellen also expressed her optimism about

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Cantor Fitzgerald CEO Confirms Business Relationship with Tether

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Howard Lutnick, CEO of Cantor Fitzgerald, Reveals Tether Holdings Howard Lutnick, the CEO of Cantor Fitzgerald, a prominent Wall Street private financial services company, has recently confirmed that his company has been providing services to Tether, the largest stablecoin issuer in the cryptocurrency market. In an interview on CNBC's Money Movers, Lutnick expressed his admiration

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