“Despite recent volatility and speculative downturn in cryptocurrency, the options market remains optimistic, with a palpable, positive call-put skew signaling a persistently bullish sentiment. Significant trading action indicates market expectations for Bitcoin values to breach the $31,000 barrier, potentially revitalizing the rally.”
Search Results for: Richard Usher
Rising Real Yields: A Threat or Opportunity to Cryptocurrencies and Tech Stocks?
“Despite rising inflation-adjusted yields on US government bonds sparking fears over potential backlash on stocks, crypto experts remain optimistic. They predict resilience in bitcoin and other digital assets, arguing that the increasing real borrowing cost could attract more investments into booming sectors like blockchain.”
Unmasking Binance: Differentiating from FTX Collapse and Navigating Regulatory Challenges
“Richard Teng, head of regional markets at Binance, clarified that unlike the collapsed FTX, Binance’s assets are backed one-to-one, offering a safety net for users. He also revealed commitment to international norms, including MiCA regulation, and tackling regulatory hurdles to maintain complete compliance.”
Binance and Gulf Innova Join Forces: A New Era for Thai Crypto Exchange and Regulation
Binance partners with Gulf Innova to obtain digital asset operator licenses in Thailand, launching a crypto exchange and broker under the country’s SEC supervision. Set to launch in Q4 2023, the platform demonstrates Thailand’s commitment to blockchain technology and its flourishing crypto space.