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Copper's 'reckless' party with sushi platter model shows crypto is a perfect fit for Wall Street – DL News
Copper said it was conducting a review following the obscene party in London.The party is still emulating behavior long tolerated on Wall Street.“Is it irrational? Yes. Is it unique to cryptocurrencies? No,” said one trader turned crypto executive.London-based cryptocurrency custodian Copper, which is chaired by former British Prime Minister Philip Hammond, has been shut down after photos from a party showed guests being served sushi from the body of a scantily-clad model. announced that it would begin a review.Such antics these days are reminiscent of bygone eras, like the '90s, when “Wolf of Wall Street” Jordan Belfort was nitpicking penny…
The market will be keeping an eye on the Eurozone inflation statistics, which are scheduled to be released by Eurostat on Wednesday 3 April at 11am CET. The data release comes after the European Central Bank (ECB) lowered its inflation outlook at its March meeting, so investors are hopeful. First rate cut in June. Economists' forecasts are mixed. “The consensus is that eurozone inflation will fall to 2.5% in March, a modest but further decline from 2.6% in the previous month,” said Michael Field, European stock market strategist at Morningstar. Stated. According to Goldman Sachs, the euro area's inflation measure,…
Ethereum network validators have surpassed the 1 million mark, with 32 million ETH staked through platforms such as Lido, accounting for 26% of the total supply. The Ethereum network, the leading blockchain platform for decentralized applications and smart contracts, has achieved a significant milestone by surpassing 1 million validator nodes. These validators are responsible for securing the network and processing transactions, ensuring the integrity and functionality of the Ethereum ecosystem. According to data from Dune Analytics, a blockchain analytics platform, the amount of staked Ether (ETH) reaches a staggering 32 million ETH, with an estimated value of $114 billion. This…
XMR price is an important indicator for privacy-conscious crypto investors. This article details the factors that influence Monero's value and position in the world of digital currencies. Known for its strong privacy features, Monero (XMR) has carved out an important niche in the crowded cryptocurrency market. Unlike many cryptocurrencies that offer transparent blockchain transactions, Monero offers users complete anonymity, making it a preferred choice for individuals who prioritize privacy. Therefore, the price of XMR not only reflects market demand, but is also an indicator of the increasing value placed on digital privacy. Understanding the dynamics behind XMR prices provides insight…
This article was originally published on ETFTrends.com.Bitcoin is already on a breakneck rally heading into the start of 2024. This is primarily due to the largest crypto-dedicated US-listed spot ETF. However, further upside may be in store. This is because some market participants are increasing their interest in the virtual currency market.This could be a boon for ETFs like the Amplify Transformational Data Sharing ETF (BLOK). The story of blockchain and BLOK involves more than just Bitcoin. However, the rise in digital currencies in 2024 was definitely a catalyst for ETFs. That's highlighted by a 21% year-to-date increase.In fact, part…
OTC cryptocurrency trading has come a long way. It has evolved from a niche market for tech-savvy traders to a mainstream investment option that attracts institutional investors, hedge funds, and retail traders alike. This type of cryptocurrency trading occurs directly between parties, bypassing the need for centralized exchanges and offering greater privacy, higher trading volumes, and personalized service for each trade. In the ever-evolving crypto ecosystem, staying on top of the latest trends in OTC crypto trading has more than just benefits. It is essential for anyone looking to navigate the market with acuity and foresight. In this article, we…
Last updated: March 28, 2024 08:37 EDT | 9 min read Monero (XMR) is one of the leading privacy-focused cryptocurrencies currently in the market. Despite dropping by over 70% from its record high, many remain optimistic about its future prospect when the next altcoin season starts.As such, many investors are exploring ways how to buy Monero in order to capitalize on the dip in price. In this guide, we’ll walk you through what you need to do to buy XMR in just five simple steps. Whether you’re a beginner or an experienced trader, purchasing Monero has never been easier.What is…
Stephen McClurg, chief investment officer at ETF issuer Valkyrie, has stated that an XRP ETF could become a reality before Ethereum. McClurg expressed this sentiment during a fireside conversation with FOX Business correspondent Eleanor Terret at the Digital Wildcatters Empower Conference. Terret called attention to this view in a recent post about X. 🚨New: Key takeaways from our fireside chat @DWildcatters Enhance your meetings @ValkyrieFunds CIO @stevenmcclurg: 📌He believes $ETH securities, and spot ETFs may not be approved in May. 📌He thinks it's likely $LTC or $XRP Spot ETF approved… pic.twitter.com/6VjaBEXubL — Eleanor Terrett (@EleanorTerrett) March 27, 2024 Why is…
Another Bitcoin options expiration event will take place this Friday, with crypto options exchange Deribit expiring 135,000 Bitcoin options worth $9.5 billion. But that's not all. Ether worth $5.7 billion His options will also end their journey here.Expiring crypto options can add upward pressure and lead to volatility issues in the crypto market.What is Bitcoin Options?An option is generally known to be a legal contract in which the buyer has the right to purchase an underlying asset at a specific price and at a specific time without incurring any obligations. Here, users can buy at a preset price and purchase…
at the price of Bitcoin (Cryptocurrency: BTC) It's no wonder that companies that are heavily leveraging the price of cryptocurrencies are soaring. Case in point: micro strategy (NASDAQ:MSTR) is up more than 200% year-to-date thanks to an aggressive Bitcoin buying campaign that has ramped up significantly in 2024.MicroStrategy currently owns 214,246 Bitcoins. This is just over 1% of all Bitcoins that will ever exist. That's a surprisingly high number.Given that MicroStrategy shows no signs of stopping to buy more cryptocurrencies, it's time to ask, “Do companies actually hold so much Bitcoin that it's not a good investment?”Decline of “proxy stock”…