A majority (95.7%) of the 208 institutional investors surveyed by Binance plan to either increase or maintain their crypto allocation over the next 12 months amid a positive outlook for the industry. 63.5% of investors said they were positive about crypto’s future during the period. In addition, 50% of respondents…
In the ongoing lawsuit between the Securities Exchange Commission (SEC) and Coinbase, the presiding judge has rescheduled the pretrial conference, moving it from its initial August 24 date to July 13. This order came in response to a request by the SEC to grant a three-business day extension to answer…
Quick Take The latest data on European economic indicators were released this morning, June 30, corroborating a pattern that CryptoSlate has been discussing over the past year. Inflation Trends There are mixed signals from the inflation front. While headline inflation has continued its downward trend, core inflation surprisingly reaccelerated. The…
The Reserve Bank of New Zealand (RBNZ) is increasing its monitoring of cryptocurrencies and stablecoins, the country’s central bank said on June 30. Ian Woolford, Director of Money and Cash at RBNZ, noted in the statement, “… a regulatory approach isn’t needed right now, but increased vigilance is.” RBNZ’s move…
Quick Take Realized price is a metric that offers an average acquisition cost of the total coin supply on-chain. Historically, when Bitcoin’s value dips below the realized price, signified by the purple lines on the chart below, it has consistently indicated a market bottom. This trend has manifested at least…
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President Joe Biden has once again commented on the need to close crypto “loopholes” while touting his economic policies. Speaking in Chicago, President Biden shared his economic vision for America in what he claimed had been dubbed by legacy media outlets, “Bidenomics.” During the speech, he addressed the failures of…
Fidelity Investments refiled its application for its spot Bitcoin exchange-traded fund (ETF), called Wise Origin Bitcoin Trust, on June 29. Fidelity first filed its application in 2021, but it was rejected by the SEC in January 2022, along with other spot Bitcoin ETF applications. To date, no institution that has…
Vodafone Germany, a major telecom company, announced plans to launch a series of Cardano-based non-fungible tokens on June 28. Vodafone plans to release NFTs On the company’s Discord channel, a representative stated: “Yes, we are planning to release an NFT collection this year and want to utilise the Cardano chain…
in an email sent to U.S.-based users on June 28, U.K. fintech firm Revolut announced that it is ending support for three major cryptocurrencies. The company stated that U.S. users will not be able to buy Cardano (ADA), Polygon (MATIC), and Solana (SOL) through its app, effective immediately. At a…