On Monday (June 27), Coinbase Derivatives Exchange, which is “a CFTC regulated Designated Contract Markets (DCM) futures exchange”, is launching Nano Bitcoin futures (BIT), its first crypto derivative product and one that was “built with the retail trader in mind.” As you may already know, on January 12, Coinbase announced […]

Global professional services provider Deloitte has announced a strategic alliance with Bitcoin company NYDIG to help businesses implement digital asset capabilities.  According to Deloitte’s press release, “NYDIG will work with Deloitte’s blockchain and digital assets practice across multiple areas involving bitcoin products, such as banking, consumer loyalty and rewards programs, […]

Summary: Morgan Creek Digital is reportedly looking to raise $250 million to counter FTX’s line of credit to BlockFi. The move resulted from one of FTX’s terms for the credit line to BlockFi, to wipe out shareholders, including Morgan Creek Digital. Morgan Creek Digital, the hedge fund founded by Mark […]

The ongoing crypto winter seems to have caught up with Bitcoin miners as they are now sending a ton of coins to exchanges. This week, Glassnode’s Bitcoin Miners to Exchange Flow chart showed that the outflow of Bitcoin from miner-held wallets into exchange-held wallets reached a seven-month high of 9,476 […]

Cryptocurrencies tracked the Wall Street’s gains to rise more than 4 percent in the past 24 hours. European benchmarks too finished trading with gains, shrugging off fears of a recession. Market leader Bitcoin has gained 2.9 percent overnight, and 1 percent in the past week to trade at $20,900.94. It […]

Shares of used vehicle retailer CarMax, Inc. (KMX) are up more than 6% Friday morning after reporting better-than-expected first-quarter results. Revenue for the quarter increased 21% year-over-year to $9.3 billion. Net earnings in the first quarter, however, declined to $252.27 million or $1.56 per share from $436.76 million or $2.63 […]

Markets worldwide on Friday tracked the positive sentiment at Wall Street the day earlier. The fall in commodity prices and the capital infusion into the banking system by the People’s Bank of China also buoyed sentiment. Stocks in Asia and Europe as well as the Wall Street Futures are trading […]

The price of bitcoin and other cryptocurrencies has gyrated in recent days as investors remain wary due to recession fears. A Monday mini-rally had BTC perched back above $20,000 but the bulls are steadily losing their grip. The world’s largest cryptocurrency saw a brief dip under the $20,000 largely symbolic […]

On Wednesday (June 22), Voyager Digital Ltd. (TSX: VOYG), the owner of crypto trading platform Voyager Digital, announced that its operating subsidiary Voyager Digital, LLC “may issue a notice of default to Three Arrows Capital (‘3AC’) for failure to repay its loan.”  According to Voyager’s press release: Voyager’s 3AC exposure […]

Summary: MicroStrategy CEO Michael Saylor has described Bitcoin as a lifeboat tossed on a stormy sea, offering hope t anyone that needs to get off their sinking ship. Mr. Saylor also pointed out that Bitcoin will outlast all of us. He added that Bitcoin is the only asset that allows […]