Category: Uncategorized

[ad_1] Global banking regulation standard Basel Committee’s latest report estimates the global bank exposure to crypto to be at 0.01%, as the 19 largest financial institutions hold €9.4 billion worth of crypto, which equates to 0.14% exposure. The report took the crypto asset data from 16 Group 1 banks and three Group 2 banks. Ten…

[ad_1] Recent on-chain metrics suggest that a Bitcoin (BTC) bottom might be forming, but the chances of the flagship asset dropping below its lowest value are increasing due to weak volume. Due to current macroeconomic conditions, among other reasons, BTC has seen its value drop below $20,000 on several occasions in the past few weeks,…

[ad_1] The Bitcoin: Cost Basis metric, also known as the realized price, is split into the long-term holder (LTH) and short-term holder (STH) cohorts. Cost basis refers to the accumulated fair market value of the cryptocurrency token acquired, plus the profits at the time sold. It is generally used to calculate tax liability by determining…

[ad_1] Michael Saylor-led MicroStrategy is looking to expand its Bitcoin Lightning Dev team by hiring a new software engineer. MicroStrategy’s R&D team has been working to develop a suite of Lightning solutions, including Lightning wallet, enterprise servers, and enterprise authentication. According to the job posting, the software engineer will work with the team to build…

[ad_1] On September 29, Bitcoin Magazine Analyst Dylan LeClair noted Bitcoin had started to “decouple” from the S&P 500. His charts below show an upturn in the difference between the two as the S&P 500 continues sliding amid macro weakness showcased by the Bank of England’s (BoE) pivot to quantitative easing this week. Source: @DylanLeClair_…

[ad_1] Self-proclaimed on-chain sleuth ZachXBT alleged that popular crypto influencer Lark Davis made over $1 million while promoting low-cap crypto projects and dumping them on his followers in a Sept. 29 Twitter thread. 1/ An investigation into how crypto influencer @thecryptolark promotes low cap projects to his audience just to dump on them shortly after. Let’s…

[ad_1] The total cryptocurrency market cap saw net inflows totaling $23.06 billion. As of press time, it stood at $935.66 billion, up 2.57% over the last 24 hours. Bitcoin’s market cap gained 3.69% over the reporting period to $370.87 billion from $398 billion. Meanwhile, Ethereum’s market cap was up 3.99% to $161.99 billion from $156.8…

[ad_1] The total cryptocurrency market cap saw net outflows totaling $61.1 billion. As of press time, it stood at $912.6 billion, down 6.3% over the last 24 hours. Bitcoin’s market cap lost 7.36% over the reporting period to $393 billion from $358.54 billion. Meanwhile, Ethereum’s market cap was down 7.67% to $156.8 billion from $169.83…

[ad_1] A spate of crypto CEO step-downs recently has the community wondering what is happening behind the scenes. Analyst and co-founder of research firm Reflexivity Research, Will Clemente, listed five significant departures in a tweet posted Sept. 27 before asking, “who’s next?” Kraken CEO stepped downFTX US President stepped downAlameda co-CEO stepped downMicrostrategy CEO stepped…

[ad_1] On Sept. 16, 1992, the British pound dropped to its all-time low. The day has since become known as “Black Wednesday,” or the day George Soros broke the Bank of England. The historically stable currency lost 4.8% of its value against the U.S. dollar, effectively keeping the U.K. out of the E.U.’s newly formed…