Binance customers who claim to have suffered huge losses when binance froze on May 19 while BTC price was plunging are now going after the exchange for damages, the Wall Street Journal reports. BTC dropped from a 24-hour high of around $43,500 to $30,000. Thousands of customers reportedly were unable to exit their leverage positions, leading to the liquidation of their […]
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Shares of Jefferies Financial Group Inc. (JEF) are climbing more than 9% Wednesday morning after the company announced strategic partnership with Sumitomo Mitsui Banking Corporation (SMBC). As per the deal, the two companies will collaborate in the corporate and investment banking business. SMBC Group is expected to provide financing to Jefferies Finance LLC as $1.65 billion in revolving credit facility […]
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Grayscale Investments has forged a partnership with New York-based banking giant Bank of New York Mellon that will see the investment firm act as an asset services provider for its flagship fund, the Grayscale Bitcoin Trust (GBTC). The deal is part of the crypto firm’s commitment to convert the GBTC — currently holding $22 billion in assets — into a […]
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Bitcoin may be on the verge of yet another bull run according to the latest blockchain on-chain transaction metrics. One way of checking the possibility of a bull run is by way of looking at a metric called, market-value-to-realized-value or MVRV ratio. The current chart shows the MVRV ratio at 1.67, meaning it is yet to reach the historical high […]
Read moreShares of Howard Bancorp, Inc. (HBMD) are up more than 28% after the company announced its decision to be bought by F.N.B. Corporation (FNB), in an all-stock transaction valued at $21.96 per share or $418 million. Howard, that operates 13 full-service banking offices in Baltimore and the greater Washington, D.C. area, had about $2.6 billion in total assets, $2 billion […]
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Bitcoin leads calmly this weekend tightly ranging between $33,000 and $34,500 ahead of this week’s unlocking of Grayscale Bitcoin Trust (GBTC) shares. The tight squeeze is closely linked to uncertainty by most investors who prefer not to take a side until the activity is concluded, a usual phenomenon with markets. Most Altcoins have also maintained a similar trend with most […]
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As the year burrows deeper into its second half, Bitcoin’s performance still remains way below the predicted price levels in Q4 2020 to Q1 2021. The leading crypto asset is currently down 5.7% trading at $32,798 at the time of press. However, according to the senior commodity strategist at Bloomberg Intelligence Michael McGlone, Bitcoin is bound to resume its bull […]
Read moreDuring an interview on Thursday (July 8), billionaire investor Mike Novogratz talked about the crypto space in general and Bitcoin in particular. Former hedge fund manager Novogratz is the Founder and CEO of Galaxy Digital, “a diversified financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sector.” Novogratz’s comments about Bitcoin were made during an interview with Joe Kernen on […]
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The amount of bitcoin in the Lightning Network (LN) has nearly doubled this year, up from about 1,000 BTC at the beginning of 2021 to now more than 1,700, worth $56 million. The biggest amount of growth in actual bitcoin, rather than fiat value, has been since the end of April with more than 500 btc added to the then […]
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