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Kraken, a leading cryptocurrency exchange, has launched a wrapped Bitcoin token, kBTC. The new token is available on the Ethereum and Optimism networks and is backed 1:1 by Bitcoin. The move aims to expand the utility of Bitcoin within the decentralized finance (DeFi) ecosystem. Kraken’s kBTC is Bitcoin with improved interoperability across many different blockchain platforms. This token allows users to trade Bitcoin on the Ethereum-based network, facilitating DeFi access to Bitcoin. The exchange’s years of security expertise creates trust among users.- Advertisement – The kBTC reserve is secured in a separate wallet and the reserve is publicly verifiable. This…
XRP traders were trading around $0.55 on Friday, an increase of less than 1% on the day. The SEC’s appeal in the Ripple case is now public and does not raise questions about the legal status of altcoins. A July 2023 ruling in SEC v. Ripple gave XRP non-security status, but the SEC’s appeal leaves it off the table of legal argument. Ripple (XRP) rose on Friday as traders digested developments in the Securities and Exchange Commission’s (SEC) appeal of the final court ruling. In August 2024, Judge Annalisa Torres imposed a $125 million fine for Ripple’s institutional XRP sales,…
There was a lot of excitement in the crypto market over the weekend, with two major altcoins gaining attention. The activity of the DOGE whale has pushed the price of Dogecoin into the profit zone, with these investors buying more than they sold in the past 24 hours. Another big highlight of the weekend was the ETFSwap (ETFS) token, which continued its bullish streak to reach the 10,000% God Candle, rising 30%. dogecoin price prediction Dogecoin price has been stable as whale activity has increased over the past few days. IntoTheBlock data reveals a 1,645% spike in the divergence between…
Bitcoin, the top cryptocurrency by market capitalization, briefly reached the $69,000 level on the Binance exchange at 18:46 UTC. BTC/USDT via TradingViewThe cryptocurrency managed to regain the aforementioned levels for the first time since late July. Notably, Bitcoin is already up nearly 9% during this “upover” after starting the month with a rather disappointing price performance. Expecting a massive rise? As pointed out by Josh Olszewicz, a prominent trader known especially for using the “Ichimoku Cloud” training strategy, there is a bullish Tenkang Criterion (TK) cross on Bitcoin’s 3-day chart, which has caused the Bitcoin price to drop. is soaring…
Canadian securities regulators are taking a pragmatic approach to trading crypto assets. Since at least 2019, staff from Canada’s various securities regulators (collectively CSA) have been working with operators of crypto trading platforms (CTPs) to protect public investors and innovate for cryptocurrency participants. I’ve been trying to figure out how to balance my needs with my desires. capital market. Rather than creating a new regulatory regime to handle crypto assets, the CSA has applied long-standing securities law principles to its analysis. While the CSA recognizes that underlying cryptoassets such as Bitcoin may not themselves be securities or derivatives, the way…
In the latest market close, Super Micro Computer (SMCI) hit $47.27, marking a -0.66% move from previous day. The range of stock price fluctuations was lower than the S&P 500’s daily gain of 0.4%. Meanwhile, the Dow Jones Industrial Average rose 0.09%, and the tech-heavy Nasdaq index rose 0.63%.Shares of the server technology company have gained 8.84% over the past month, outpacing the Computer Technology sector’s gain of 4.88% and the S&P 500’s gain of 3.76%.Supermicrocomputer’s upcoming earnings release will be of great interest to investors. The company’s EPS is expected to be $0.75, representing growth of 120.59% compared to…
Canadian securities regulators are taking a pragmatic approach to trading crypto assets. Since at least 2019, staff from Canada’s various securities regulators (collectively CSA) have been working with operators of crypto trading platforms (CTPs) to protect public investors and innovate for cryptocurrency participants. I’ve been trying to figure out how to balance my needs with my desires. capital market. Rather than creating a new regulatory regime to handle crypto assets, the CSA has applied long-standing securities law principles to its analysis. While the CSA recognizes that underlying cryptoassets such as Bitcoin may not themselves be securities or derivatives, the way…
Investing is never a one-day thing, but every day can be exciting. The next quarter is another long-awaited earnings report from Tesla (TSLA -0.09%). The company plans to provide shareholders with an update on its financial statements for the three months to September on October 23. Investors will be paying attention to how sales, profit margins, and cash flow have changed, and what that means for Tesla’s financial health. Investors are hoping Tesla will emerge victorious on the latest earnings call after its highly anticipated “We, Robot” event failed earlier this month, sending the company’s stock price crashing. The electric…
NEW YORK (AP) — U.S. stocks ended their latest winning week with another record set Friday.The S&P 500 rose 0.4%, hitting a new all-time high set earlier this week. The Dow Jones Industrial Average beat its own record set the previous day by 36 points, or 0.1%, and the Nasdaq Composite rose 0.6%. Netflix led the market with an 11.1% jump after the streaming giant reported its latest quarterly profit beat analysts’ expectations. This was despite the slowing growth in the number of subscribers.That helped offset a 5.2% decline in CVS Health, which said it likely would report earnings for…
XRP traders were trading around $0.55 on Friday, an increase of less than 1% on the day. The SEC’s appeal in the Ripple case is now public and does not raise questions about the legal status of altcoins. A July 2023 ruling in SEC v. Ripple gave XRP non-security status, but the SEC’s appeal leaves it off the table of legal argument. Ripple (XRP) rose on Friday as traders digested developments in the Securities and Exchange Commission’s (SEC) appeal of the final court ruling. In August 2024, Judge Annalisa Torres imposed a $125 million fine for Ripple’s institutional XRP sales,…