Eddie Lazzarin, the CTO of a16z crypto, issues a cautionary note about memecoins, explaining that they’re altering the way people view the market, making it seem more like a gambling den. In simpler terms, memecoins behave more like risky gambling tokens than valuable goods, causing turmoil in the cryptocurrency market through misleading guarantees, as expressed … Read more
Morgan Stanley, a major player in the banking industry, may soon enable its 15,000 brokers to propose Bitcoin ETFs (Exchange-Traded Funds) as investment options to their clients. Based on information from an AdvisorHub report, which relied on insider accounts, the bank hasn’t actively recommended Bitcoin ETF investments to brokers. Instead, these options have been extended … Read more
Bitcoin‘s price soared above $66,000, coming close to hitting $67,000 momentarily before experiencing a sharp decline. Unfortunately for bullish investors and traders, this sudden drop left them with substantial borrowed funds at risk, resulting in over $200 million in losses on that day. But let’s not forget about altcoins. Many of them dropped even more … Read more
In simpler terms, approximately $210 million in cryptocurrencies have been sold off due to market instability, and most of these sales were from investors holding long positions. According to Coinglass’s crypto data, Bitcoin (BTC) has experienced a 4% decrease in value over the past day due to market instability. This downturn resulted in losses for … Read more
Russia’s central bank and Rosfinmonitoring are testing a novel system to follow the trails linking cryptocurrency transactions with traditional banking operations. Together, the Bank of Russia and Rosfinmonitoring, Russia’s primary financial intelligence agency, are developing a system to identify links between traditional banking activities and cryptocurrency transactions. This initiative aims to provide insights into the … Read more