“We are evaluating ways to offer Legal & General Investment Management Liquidity funds in a tokenized format,” said Ed Wicks, head of global trading at Legal & General Investment Management (LGIM), when asked about the company’s plans via email. “There is,” he said.
Author: Crypto Flexs
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Tony Kim October 16, 2024 10:00 The Hong Kong Monetary Authority has announced improvements to its SME Financial Guarantee Scheme, providing extended loan guarantee periods and new repayment options to support businesses. The Hong Kong Monetary Authority (HKMA) has unveiled significant enhancements to its small and medium enterprise (SME) financial protection scheme, as announced in the CEO’s 2024 policy speech. These changes are designed to provide relief to leveraged companies facing economic restructuring challenges. Key measures introduced According to the HKMA, businesses borrowing under the SME Financing Guarantee Scheme will now benefit from the…
Bitcoin (BTC) is up about 9% this week, indicating strong buying momentum. The upward move faces resistance near $69,000, but bulls are in no hurry to exit their positions. This means buyers are expecting the rally to expand further.Trading firm QCP Capital told subscribers of its Telegram channel that rising U.S. stock markets and a weakening trend in the Japanese yen are likely to increase sentiment about risk leading into the U.S. election. This will “push risk assets higher and support the Uptober narrative,” the company added.Daily view of cryptocurrency market data. source: Coin360Another positive impact for Bitcoin is that…
Felix Pinkston October 16, 2024 10:40 Binance has improved its spot and margin services by introducing the BNSOL/USDT trading pair and a trading bot. This update aims to improve user experience and expand trading options. Binance, a leading cryptocurrency exchange, announced the addition of a new trading pair, BNSOL/USDT, to its platform. According to Binance, trading for this pair will begin at 08:00 (UTC) on October 17, 2024. This move is part of Binance’s ongoing efforts to expand trading selection and improve user experience in the spot market. Introduction to trading bots In addition…
join us telegram A channel to stay up to date on breaking news coverage Bitcoin has achieved a major milestone in the cryptocurrency market, with its market capitalization surpassing its closest competitor, Ethereum, by more than $1 trillion. As of this report, Bitcoin is trading at $68,366, with a total market capitalization of approximately $1.35 trillion. On the other hand, the price of Ethereum is $2,647, giving it a market capitalization of approximately $318.68 billion. This means that Bitcoin is now ahead of Ethereum at $1.03 trillion, more than four times Ethereum’s market cap. According to James Check, principal analyst…
Yorg Healer October 16, 2024 11:02 Binance will support the rebranding from KLAY to KAIA starting October 28, 2024 with significant changes to the trading pairs and token list. Binance, a leading cryptocurrency exchange, announced that it supports rebranding the KLAY token to KAIA, as officially announced on its website. This transition includes several changes to trading pairs, deposits, and withdrawals, and is scheduled to take effect on October 28, 2024. KLAY trading pair delisting At 03:00 UTC on October 28, 2024, Binance will delist all existing KLAY spot trading pairs, including KLAY/BTC and…
A widely respected cryptocurrency strategist believes one little-known Ethereum (ETH) challenger will hit his massive price target this cycle. Pseudonym trader Rager tells his 199,100 followers on social media platform X that he is bullish on layer 1 protocol Fantom (FTM). Rager shares a chart that suggests FTM will hit its target price of $3.31 around April. “Are you late to the market? People who say that aren’t looking at FTM charts. And yes, I think that’s a real goal for the next six months.” Source: Rager/X As of this writing, FTM is trading at $0.71, which represents a potential…
Cardano price started a new decline below the $0.3565 area. ADA is consolidating above $0.3420 and may attempt a recovery. ADA price began a decline below the $0.3520 support level. The price is trading below $0.3500 and the 100-hour simple moving average. On the hourly chart of the ADA/USD pair (data source from Kraken), a breakout occurred above the main bearish trendline with resistance at $0.3460. A recovery could be attempted once it breaks out of the $0.3520 resistance area. Cardano price consolidates losses After testing $0.3700 resistance, Cardano struggled to hold higher levels. ADA, unlike Bitcoin and Ethereum, formed…
Bitcoin has been rising steadily since crossing $60,000 and is currently approaching the $70,000 level, a price it has not reached for several months. As market sentiment heats up, investors are wondering whether Bitcoin has the power to hit new all-time highs or whether it will struggle to break through key resistance levels.healthy emotionsThe Fear Greed Index is a useful tool for understanding market sentiment and how traders view Bitcoin’s trajectory. Currently, the index is at a “greed” level of around 70. While this has historically been seen as a positive sign, it is still quite far from the extreme…
Felix Pinkston October 16, 2024 11:42 Explore the latest trends in the cryptocurrency market, including Bitcoin ETFs, Ethereum staking, and stablecoins, highlighted in Q4 reports from Glassnode and Coinbase. The latest Q4 ‘Crypto Market Guide’ from Glassnode and Coinbase Institutional reveals important trends shaping the cryptocurrency landscape. The report highlights the growing institutional participation in Bitcoin ETFs, the significant increase in Ethereum staking, and the pivotal role of stablecoins in driving market activity. Institutional interest in Bitcoin ETF The report highlights a notable surge in institutional interest in Bitcoin, particularly through spot ETFs. During…