The cryptocurrency custody business, majority-owned by the world’s 44th-largest bank, is reportedly planning to raise more capital. Bloomberg reports that Zodia Custody Ltd, a subsidiary of Standard Chartered, is in talks to secure about $50 million in funding from investors. According to Julian Sawyer, CEO of Zodia Custody, this capital raising will help fund expansion of the business into new countries and regions while expanding its product line. Zodia Custody currently serves 15 jurisdictions and has offices in London, Dublin, Luxembourg, Sydney, Singapore, Hong Kong and Tokyo. Digital asset managers include Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), Cardano (ADA),…
Author: Crypto Flexs
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lawrence jenga November 7, 2024 06:08 According to AssemblyAI’s 2024 Insights Report, AI integration is progressing rapidly across industries as companies leverage advanced technologies to improve operations and customer experiences. As the integration of artificial intelligence (AI) continues to reshape industries, companies are under increasing pressure to adapt and innovate. According to AssemblyAI’s 2024 Insights Report, more than 90% of organizations have already integrated AI into their operations, highlighting the critical role AI plays in maintaining competitive advantage. Driving force behind AI growth The rapid acceleration of AI can be attributed to several factors.…
Bitcoin (BTC) surged 10.5% from November 5 to November 6, reaching a new all-time high of $75,350 after former US President Donald Trump won the 2024 presidential election. Despite recent price fluctuations, the market shows solid foundations supporting continued growth. Bitcoin derivatives highlight a significant improvement in sentiment and the absence of excessive leverage, which is essential for profits above $75,000. Annual premium for Bitcoin 2-month futures. Source: LevitasBitcoin futures premium over the spot market rose to 12%, exceeding the neutral range of 5-10%. Despite this improvement, market data reflects a moderate level of skepticism, especially considering BTC’s new highs…
THORChain fell below the demand zone of $4.5 last month. The quick recovery showed that sellers are not dominant. THORChain (RUNE) is up 17.15% in 24 hours and bullish belief has swept the cryptocurrency world after Bitcoin (BTC) reached an all-time high of $75.4,000 against the US dollar. Monday’s volatility prompted a strong bearish reaction from the markets, but bulls quickly calmed fears of a bearish reversal. The price has risen above the $4.76 level, which is a good sign in the short term, but can an uptrend build from this? THORChain’s bear market structure collapses Source: RUNE/USDT on TradingView…
Caroline Bishop November 6, 2024 18:59 Bitcoin reached an all-time high of $75.4K, driven by US election dynamics. Market volatility surges as investors hedge their positions in anticipation of further price movements. Bitcoin (BTC) has reached a new all-time high (ATH) of $75,400, according to Glassnode. This surge comes in the context of the US presidential election, where market sentiment suggests a potential victory for President Trump. The price of the digital currency has surpassed $73,700, entering a new phase of price discovery. increased market activity There have been significant capital inflows into Bitcoin…
According to an announcement on November 6, blockchain analytics firm Arkham Intelligence has launched a cryptocurrency derivatives exchange. The exchange will reportedly target retail traders and compete with established platforms such as Binance. Arkham said in a post on theTrading is scheduled to begin next week, but people in the U.S. will not be able to do so, Arkham said.Source: ArkhamThe cryptocurrency derivatives market is growing explosively, driven primarily by the trading activity of individual investors. According to a report by CCData, cryptocurrency derivatives trading volume surpassed $3 trillion in September. That’s up from about $1.5 trillion a year ago.…
U.S. Senator Cynthia Lummis, long known as the “crypto queen” of Capitol Hill, has thrown a financial twist into the post-election buzz by announcing her intention to establish a strategic Bitcoin (BTC) reserve. source: Senator Cynthia LoomisThe bold move, declared just hours after Donald Trump was re-elected as US president, could redefine America’s fiscal strategy, but at the same time raises questions about its feasibility, impact on US debt, policy barriers and market volatility.Historically, the United States has relied heavily on its gold reserves to stabilize and strengthen the dollar. As of September 2024, the United States holds approximately 8,133…
Senator Cynthia Lummis reaffirmed plans to create a strategic Bitcoin reserve in the United States, just hours after Donald Trump won the presidential election. Progress in Congress on a national strategic Bitcoin (BTC) reserve could accelerate as the Associated Press, Fox News and NBC declare Republican candidate Donald Trump the winner of the presidential election. Lummis’ November 6 tweet reminded the public of the country’s plan to use the country’s $12 billion Bitcoin reserve as a reserve asset and a potential solution to the country’s growing debt crisis. We plan to build strategic Bitcoin reserves 🇺🇸 🇺🇸 🇺🇸— Senator Cynthia…
On the day of the election, Polymarket’s trading volume and volume surged. Polygon’s DApp load handling has been praised. This is not the first time the network has shown significant load capacity. Polymarket has undoubtedly been the star of the U.S. election, but there may be one overlooked hero. This is Polygon (POL), the network that supports the application. But on Election Day, the network’s contribution to the success of groundbreaking cryptocurrency applications can no longer be ignored. “The unsung hero” During the US election cycle, Polymarket became increasingly popular. This rise in popularity has also led to a surge…
Cryptocurrency mining stocks such as Marathon Digital, Riot Blockchain, and Hut 8 Corp have experienced a pre-market bounce since Donald Trump’s decisive election victory. HighlightsTrump’s victory has sparked strong optimism across Wall Street, with investors hoping for a supportive regulatory environment for the Bitcoin mining industry. The market rally extended globally, with Argo Blockchain rising 14% on the London Stock Exchange.In the US, companies like MicroStrategy and Coinbase also saw significant gains of over 13% pre-launch. Cryptocurrency mining companies and other cryptocurrency stocks began a strong rebound in Tuesday’s pre-market trading session, following Donald Trump’s decisive victories in both the…