Eclipse’s chief growth officer Vijay Chetty was named CEO “effectively immediately” with the firm announcing that Neel Somani was departing.
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- Crunch
- Global
Over half a million people are already on the waitlist for Humanity Protocol’s public testnet launch, expected to take place in the back half of 2024.
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The Gann Fanns model and an emerging Inverse Head and Shoulders pattern are top of mind for traders to see if Bitcoin can “bounce” above its all-time high.
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The cryptocurrency market ushered in a strong rally Wednesday, following lower-than-expected retail inflation data.
CryptocurrencyGains +/-Price (Recorded 8:30 p.m. EDT)Bitcoin BTC/USD+7.37%$66,241.50Ethereum ETH/USD+4.86%$3,029.94Dogecoin DOGE/USD+7.91%$0.1555
What Happened: Bitcoin soared past $66,000 for the first time in three weeks, lifting more than 7% in the last 24 hours. The second-largest cryptocurrency, Ethereum, followed suit, breaking $3,000 following gains of nearly 5%.
The rally brought commotion to the market, triggering liquidations worth more than $150 million in the last 24 hours. Short liquidations surged past $110 million.
The surge boosted speculative interest, with…
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“Not all creditor repayments are bearish,” said K33’s analysts, noting FTX’s cash payouts versus the crypto repayments from Gemini and Mt. Gox.
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Risky assets, including Bitcoin and altcoins, received a boost following today’s CPI report.
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Interactive Brokers U.K. Limited (IBUK) has now launched the trading of cryptocurrencies for its UK clients. Its investors now have a chance to trade Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, together with traditional assets like equities, ETFs, and bonds, in one integrated account. This greatly enhances the flexibility of investment.
The new service features competitive crypto trading commissions of 0.12% to 0.18% depending on volumes traded per month. Impressively, investors will not pay any custody fees, improving the attractiveness of the service. This is part of an ongoing strategy by Interactive Brokers, in line with its incorporation of cryptocurrency options that span the globe.
With assets amounting to $128.42 billion and a projected revenue of $4.34 billion for 2023, Interactive Brokers is really shaping up as a gargantuan force in the electronic trading space. This could change dramatically the adoption and dynamics in the cryptocurrency market for the U.K.
The program has added five startups and will trial various payment technologies ranging from blockchain to Web3.
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Mastercard’s Multi-Token Network enabled an atomic swap of a tokenized carbon credit for cash in a bank account.
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New Web3 gaming projects continue to enter the sector as the price of cryptocurrencies surge.
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