[ad_1] The Swiss-based digital asset banking group Sygnum has successfully converted its Yield Core crypto fund into a Luxembourg Reserved Alternative Investment Fund (RAIF) structure, moving towar institutional-grade crypto investment offerings. The fund, which manages nearly $30 million in assets, focuses on yield-generating strategies in cryptocurrency markets.Sygnum Converts $30 Million Crypto Fund to Luxembourg RAIF StructureThe transition, approved by 99% of existing investors, enhances the fund’s governance framework and eliminates counterparty risk through direct asset ownership. The fund has demonstrated positive performance so far with a Sharpe ratio of 2.7 over two years.”This move not only increases investor protection and…
Author: dfrancis36
[ad_1] Bitcoin is stretching gains, looking at price action in the past few trading days. At spot rates, buyers are “hungry” and aiming not only to confirm the rally of the past two days but also to close above March 2024 highs of around $74,000. Bitcoin “Golden Cross” Forms The optimism has been confirmed on-chain. On X, one analyst notes that the market value to realized value (MVRV) ratio has exceeded the 365-day moving average. Related Reading: Crypto Groups Challenge US SEC on Airdrop Rules In Ongoing Court Case—Details The MVRV ratio is a metric on-chain analysts use to gauge…
[ad_1] Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become…
[ad_1] Riot Platforms (NASDAQ: RIOT), the third largest Bitcoin mining company on Wall Street, reported a significantly wider net loss in the third quarter despite higher revenue, as the cost of mining each BTC soared and power-related benefits diminished.Riot Posts 93% Wider Loss as Bitcoin Mining Costs Surge Post-HalvingThe company’s net loss expanded to $154.4 million, or $0.54 per share, compared to an $80 million loss in the same period last year. The deterioration came even as total revenue jumped 65% to $80 million, driven primarily by higher Bitcoin prices and increased operational capacity.The cost to mine one Bitcoin skyrocketed…
[ad_1] Coinbase chief executive Brian Armstrong publicly went on to criticize the US Securities and Exchange Commission, declaring its stance on cryptocurrency “confusing and inconsistent”. He pointed out the issue of regulatory uncertainty as something looming over the sector’s head, which is hurting innovation and investor trust. Armstrong’s criticism mirrors the growing industry frustration over ambiguous restrictions that affect the sector’s full potential. Evolving Definitions: Securities Or Digital Assets? Armstrong’s main issue is that the SEC is unable to provide more clarity on the legal status of digital assets, which leaves firms unsure of what is and is not acceptable.…
[ad_1] Este artículo también está disponible en español. On Wednesday, Ethereum (ETH) surged above the $2,700 mark for the first time in over a week, sparking a bullish sentiment among several crypto analysts. Some suggested that the second-largest cryptocurrency will soon break from the next resistance level and reclaim the $3,000 mark. Related Reading Ethereum Retests $2,700 Ethereum surged above a key resistance level on Wednesday morning as most of the crypto market soared. The cryptocurrency rallied 3.1% toward the $2,700 horizontal level, hitting the $2,722 mark before retracing to $2,710. Over the past week, ETH hovered between the $2,430-$2,650…
[ad_1] Coinbase (Nasdaq: COIN) missed Wall Street’s Q3 2024 revenue estimate of $1.26 billion, reporting $1.2 billion. Its earnings per share of $0.28 also fell short of analyst expectations of $0.45. The crypto exchange’s EBITDA of $449 million also missed expectations by $20.2 million.Coinbase Faces “Softer Market Conditions”The missed estimates impacted the company’s share price, which dropped by almost 5 percent in after-hours trading. In a letter to shareholders, Coinbase attributed the slowdown to “softer market conditions.”The total revenue of the exchange declined by 17 percent quarter-over-quarter, with transaction revenue at $573 million, down 27 percent. Although the company recorded…
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] Follow Mark on X. Ah, Halloween. The one night a year where we’re supposed to be scared of things that go bump in the night. You know, your classic cast of characters: Dracula, Frankenstein’s monster, your weird neighbor who leaves their Christmas lights up all year round. But here’s the thing—none of those guys actually scare us anymore, do they? I mean, a werewolf might give you a mild startle, but you know what’s really terrifying? The sound of a fiat currency money printer. That, my friends, is nightmare fuel for 2024.Remember when Frankenstein’s monster was the height of…
[ad_1] XRP price is correcting gains from the $0.530 zone. The price is testing the $0.520 support and might bounce back to start a fresh increase. XRP price is eyeing more gains above the $0.5300 zone. The price is now trading above $0.5200 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.520 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it settles above the $0.5300 resistance zone. XRP Price Revisits Support XRP price started a decent upward move above the…