According to Kaiko, although South Korean traders have traditionally preferred counterfeit products (which account for about 80% of the market share in the local platform), bitcoin has attracted a lot of safe-haven inflows during the recent political turmoil. On Upbit and Bithumb, the cumulative volume increment (CVD) of the BTC won trading pair has shown a significant increase.
Robinhood CEO Vlad Tenev predicts that stocks and other traditional financial (TradFi) assets will eventually move to the blockchain like cryptocurrencies. He said that the use of blockchain technology can improve efficiency, so the adoption of blockchain technology in the traditional financial industry is inevitable. In addition, he also predicted that US President-elect Donald Trump and his administration will enact policies to accelerate the transfer of stocks, private companies, and real-wor...
Brazil's central bank is preparing to open the cryptocurrency market to traditional Financial Institutions Groups, which will be able to do business in the sector with clarity after the upcoming regulations are enacted. Small cryptocurrency startups may face the challenge of regulating their situation as the framework will impose high thresholds.
On November 4th, traditional financial giants Citibank and Fidelity Investments have developed a proof-of-concept for digital foreign exchange (FX) swaps to trade in on-chain money market funds (MMFs). The proof-of-concept will be showcased at the Singapore Fintech Festival from November 6th to 8th, demonstrating how investors can settle multi-asset positions in real time. It will also enable the...
Recently, US bond yields have risen with gold, and the traditional negative correlation seems to be decoupled again. How can we explain the recent strength of gold?
According to Bitcoin Magazine, Italian traditional bank Banca Sella is now offering bitcoin services on its banking platform.
On August 11, the opinions of the Central Committee of the Communist Party of China and the State Council on accelerating the comprehensive green transformation of economic and social development mentioned promoting the green and low-carbon transformation and upgrading of traditional industries. Vigorously promote the green and low-carbon transformation of steel, non-ferrous metals, petrochemicals, chemicals, building materials, paper, printing and dyeing and other industries, promote energy-sav...
NateGeraci, president of ETFStore, said on the X platform that traditional asset management can no longer ignore cryptocurrencies as an asset class. I think you will see everyone actively embracing this space.
Market observers say investors will initially favour traditional safe-haven assets and may be inclined to pick deals that are most relevant to former President Donald Trump's chances of winning the White House after surviving an assassination attempt. Currency trading began at 5am Sydney time, which could give a boost to the dollar, while other safe-haven currencies such as Japan's beleaguered yen, Swiss franc and gold are also expected to shrug off market volatility. After the attack, bitcoin p...
The report published by Chainalysis suggests that traditional money launderers - criminals working outside of cryptocurrencies - may also be moving their cash on-chain. Research director Kim Grauer said that traditional money launderers are starting to use crypto networks to create "large-scale money laundering infrastructure" to launder cash outside of cryptocurrencies. It is reported that these transfers did not originate from Chainalysis' use of the blockchain.