Macro factors will play a dominant role in sparking the next crypto bull market, which should start in Q2 2024, according to Raoul Pal. The next crypto bull market is likely to kick off in Q2 2024, when the Bitcoin (BTC) halving is set to take place, says macro investor and Real Vision CEO Raoul…
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A survey from crypto exchange Bitget featured more than 1,500 respondents across 20 countries. Approximately 50% of crypto users are investing in digital assets to improve their everyday living standards. According to a new survey by crypto exchange Bitget published on October 5, 46%, 44%, and 41% of respondents in South Korea, Canada, and Turkey…
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Venture capitalists are doing fewer deals, and the average deal size is getting much smaller, according to researchers. Startup funding in the crypto industry has fallen back to Q4 2020 levels amid the ongoing bear market. According to an Oct. 5 report by blockchain analytics firm Messari, a total of $2.1 billion was raised by…
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Dubbed “Synapse,” the platform will accelerate trades placed by international investors for Mainland Chinese stocks. Hong Kong Exchanges and Clearing Limited (HKEX) — the operator of The Stock Exchange of Hong Kong, Hong Kong Futures Exchange, and London Metal Exchange — is launching a novel equities settlement acceleration platform. Dubbed “Synapse,” the platform will utilize…
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The U.S. Securities and Exchange Commission (SEC) has asked a judge to reject Coinbase’s attempt to have the regulator’s lawsuit against it dismissed. The exchange had alleged that the agency overstepped its authority and abused its discretion in claiming that digital assets offered on the trading platform were unregistered securities. SEC Adds Arguments to Support…
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Federal judge Analisa Torres rejected a motion filed by the Securities and Exchange Commission (SEC) seeking to appeal its loss against Ripple Labs on October 3. Judge Torres ruled that the SEC failed to demonstrate that the case involved controlling legal questions or substantial differences of opinion that warranted an appeal at this stage. As…
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Jaynti Kanani said he had stepped back “from the day-to-day grind” at Polygon roughly six months ago. Jaynti Kanani, the co-founder of Polygon, announced that he has stepped back “from the day-to-day grind” on the project for the first time in six years. In an Oct. 4 X (formerly Twitter) thread, Kanani said he planned…
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Ardana claimed to be creating a stablecoin platform on Cardano, but new evidence suggests it may have lost investors’ money in bad crypto trades. In 2021, Ardana Labs claimed it would provide an innovative stablecoin platform for the Cardano network. The new project, called “Ardana,” would allow investors to lock up crypto collateral and mint…
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The move is part of a phased termination of BUSD support by February 2024. Crypto exchange Binance will cease borrowing and lending services for its native stablecoin Binance USD (BUSD) by October 25. According to the October 3 announcement, the exchange will close all outstanding BUSD loan and collateral positions by the end of the…
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Fueled by renewed optimism, Bitcoin briefly rallied back above $28,000 on Monday for the first time since August. But the largest cryptocurrency has since pared those gains, dipping to $27,758 as of writing, down 0.85% so far today. While Bitcoin saw an approximate 6% spike over the past 48 hours, peaking around $28,597, it has…
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