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One of the biggest ways that financial institutions interact with financial markets is through foreign exchange. LMAX Group not only offers cryptocurrency trading, but also electronic trading opportunities for institutions. CEO David Mercer shared his thoughts on the future of cryptocurrencies on CNBC.Mercer said it is “inevitable” that Bitcoin will reach new highs as institutional investment outweighs selling pressure. He said about 900 bitcoins are being mined per day, compared to nearly $700 million a day in inflows into exchange-traded funds (ETFs) in early March. pointed out that it would reach $60 million to $70 million. According to Mercer, this…
Cryptoassets have been gaining momentum in recent months following a huge influx of institutional investors into the market. These inflows were sparked in Q2 2023 after BlackRock's Bitcoin (BTC) Spot ETF filing opened the door to more traditional companies wanting to be part of the market leadership. As cryptocurrencies continue to rise in price, here is a list of the top 5 cryptoassets to keep an eye on in 2024. BitcoinBased on recent performance and future events, it's no surprise that Bitcoin is the asset to watch for the 2024 bull market. Starting in the fourth quarter of 2023, investors…
Hackers have a new way to try to steal cryptocurrencies. And if he's using an Apple device manufactured in the last five years, there's not much you can do to mitigate the attack. Security researchers have discovered a vulnerability in Apple's latest computer chips – the M1, M2, and M3 series that power all of the company's latest devices. This vulnerability could allow hackers to steal encryption keys designed to prevent data leaks. This includes keys for software crypto wallets installed on vulnerable Apple devices. Matthew Green, a cryptologist and computer science professor at Johns Hopkins University, told author and…
Supporters of each layer-1 blockchain criticized each other last week as competition between networks intensified. Ethereum and Solana are the two largest blockchains, and both are known for their smart contract capabilities. (Shutterstock) Posted on March 22, 2024 at 6:46 PM ET. Solana and Ethereum enthusiasts have been at loggerheads over the past week as increased activity on both networks fueled fierce competition between them. The surge in both chains is due to an increase in transactions on DeFi protocols, primarily due to exchanging meme coins and earning points for potential airdrops. With scalability and meme coins still at the…
Despite the recent correction in Ethereum (ETH) price, Ethereum daily active addresses continue to increase, suggesting continued interest and engagement within the network. This discrepancy between price fluctuations and network activity raises questions about the immediate future of ETH price. As the NUPL data shows, ETH's move into the “Belief-Deny” zone, combined with the EMA line suggesting a potential stage of consolidation or further correction, raises a crucial question: What is the ETH price? Will it become stable during the integration stage, or is it still in the process of additional modifications? Despite recent corrections, daily active addresses are still…
Cathie Wood, CEO of Ark Investments, said Bitcoin could be worth more than $1.5 million per coin if institutions allocate about 5% of their portfolios to digital assets. He said there is.Wood spoke at the Bitcoin Investor's Day Conference in New York on March 22nd.she said:“Now that the SEC has given financial institutions the green light for Bitcoin, if institutions allocate more than 5% of their portfolios to Bitcoin, as we expect, we will see a That would be an additional $1,000.”The company's revised outlook suggests the price of Bitcoin could soar above $1.5 million, consistent with widespread expectations for…
Securities and Exchange Commission (SEC) Chairman Gary Gensler reiterates his position on the need for transparency in crypto markets, suggesting that crypto markets could benefit from some “sanitizer” did. Speaking at a Columbia Law School conference on Friday, Gensler emphasized the importance of disclosure in financial markets, including information related to climate and cyber risks. He argued that information disclosure contributes to market efficiency and protects investors' interests. In his prepared remarks, Gensler noted that some participants in the crypto securities market are attempting to circumvent registration requirements, resulting in a lack of mandatory disclosure. He suggested that greater transparency…
Robert Mitchnick, BlackRock's head of digital assets, has signaled low interest in Ethereum exchange-traded funds (ETFs) from his company's customer base, in stark contrast to the growing demand for Bitcoin. Ta. The revelation was announced during the Bitcoin Investor Day conference in New York, where Mitchnick shared insights into the company's digital asset strategy and acceptance among investors. Not interested in Ethereum ETF Despite the growing interest in various cryptocurrencies, BlackRock's customers have a noticeable preference for Bitcoin, with Ethereum being relegated to the sidelines. Mitchnick's comments reflect a critical assessment of demand within the crypto market, stating that aside…
Massachusetts' first cannabis “microbusiness” opened in 2020. Pat Greenhouse/Boston Globe U.S. electricity demand has been surging after being flat for nearly two decades. A recent report from Grid Strategies, a power sector consulting firm, estimates that annual electricity demand is set to increase by 0.9%, while capacity added to the grid is set to increase by just 0.5%. What is the cause of this crack? First, the number of data centers across the country is expected to increase due to a booming domestic industry and a growing need for AI-driven computing power. But there are some lesser-known factors that could…
The native token of a crypto project focused on tokenizing real world assets (RWA) has soared 69% over the past week amid the rollout of new private blockchains. Polymesh (POLYX) is a public blockchain purpose-built for RWA tokenization. POLYX, the project’s native token, is trading at $0.415 at the time of writing, up from $0.245 a week ago. The crypto asset, ranked 192nd by market capitalization, rose 7% in the past 24 hours. On Monday, the project announced the launch of Polymesh Private, a confidential version of the network's public permissioned blockchain. Polymesh points out that businesses can use the…