Category: Bitcoin News

Singapore Retail Investors Prioritize Trust Over Fees

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Singapore’s retail crypto market is entering a new phase of maturity, as traders are increasingly prioritizing trustworthy platforms over those with lower fees, according to a new survey. On Thursday, a joint survey by finance platform MoneyHero and crypto exchange Coinbase revealed that 61% of “finance-savvy” investors in Singapore now hold crypto, with trust emerging as their primary deciding factor for selecting exchanges, outranking fees. The data suggests that the city-state’s crypto ecosystem is evolving beyond chasing the cheapest exchange to placing value on regulated frameworks, security and long-term conviction.…

Bitcoin Core Audit Finds No Major Flaws, Confirms Highly Mature Codebase

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Bitcoin Core has cleared its first-ever third-party security audit, with results confirming that the software securing the world’s largest decentralized network is highly mature. The review, conducted by French security firm Quarkslab and commissioned by OSTIF on behalf of Brink, examined the project’s most sensitive components, particularly the peer-to-peer (P2P) layer and block validation logic, over a 104-day period between May and September. According to the report, Bitcoin Core’s codebase is “the most mature and well-tested,” the auditors evaluated, despite its size, which includes more than 200,000 lines of C++…

Bitcoin Price Slump Not To Be Blamed On US Government Or AI

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Bitcoin’s recent price plunge has little to do with the recent US government shutdown or with the so-called AI tech bubble, according to crypto analysts. Many market participants had speculated that Bitcoin (BTC) — which recently fell to its lowest level in almost eight months — was still reeling from widespread macroeconomic uncertainty due to the recent US government shutdown, which ended last week.  Others suggested that concerns about an AI bubble are spilling into crypto markets. Victoria Scholar, head of investment for Interactive Investor, recently said: “Fears of an…

Young Rich Investors Ditching Advisers Over Crypto Access

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Money managers may need to rethink their approach to digital assets, with over a third of young, wealthy investors in a recent US survey indicating they had moved on from advisers who don’t offer crypto exposure. Crypto payments provider Zerohash’s survey of 500 US investors aged 18 to 40, released on Wednesday, found that 35% had moved money away from advisers who didn’t offer access to crypto. Those surveyed had incomes between $100,000 and $1 million, and more than half of those who moved money due to an advisers lack…

Nvidia’s Record Q3 Earnings Lifts Crypto, Tech Stocks

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Tech and crypto stocks rose in after-hours trading on Wednesday after chip maker Nvidia’s third-quarter earnings beat expectations on the top and bottom line, allaying fears of an AI bubble. Nvidia reported record revenue of $57 billion for its third quarter ended Oct. 26, up 62% from a year ago and beating Wall Street projections of $54.7 billion. The company reported a profit of $31.9 billion, a 65% increase from last year and surpassing analyst expectations. It also gave a higher-than-expected guidance of $65 billion in revenue for its fourth…

ADIC Triples Bitcoin ETF Holdings During Q3: Report

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The Abu Dhabi Investment Council (ADIC) nearly tripled its exposure to Bitcoin during the third quarter through BlackRock’s spot Bitcoin fund, according to a recent report. Several market participants saw it as a signal that institutional interest in crypto is still gaining momentum in the United Arab Emirates. ADIC, an investment arm of Mubala Investment Company, told Bloomberg on Wednesday it sees Bitcoin (BTC) as the digital equivalent of gold. ADIC’s IBIT increase came during a volatile period for Bitcoin. The quarter ended just days before BTC surged to an…

BlackRock Registers Trust For Staked ETH ETF

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BlackRock has registered for a new staked Ethereum exchange-traded fund in Delaware, signalling that the $13.5 trillion asset manager is now ready to expand beyond its flagship Ethereum ETF product. A Delaware name registration is one of the first steps that a fund issuer needs to take to file for a new ETF. BlackRock, however, still needs to file other relevant documents to put the proposed product on track for regulatory approval. Source: Eric Balchunas It would also complement BlackRock’s iShares Ethereum Trust ETF (ETHA), which has attracted $13.1 billion…

Are Futures Traders Jumping Ship?

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Key takeaway: BTC derivatives metrics show traders taking precautions, but the data suggests traders are not reaching distressed levels yet. Bitcoin ETF outflows and tech sector weakness keep sentiment subdued, reducing confidence that Bitcoin can hold above $89,000. Bitcoin (BTC) retested the $89,000 level on Wednesday after an unsuccessful attempt to recover $93,500 in the previous day’s trading session. The move surprised traders and led to $144 million in liquidations from leveraged bullish BTC positions. Regardless of the drivers behind the correction, Bitcoin derivatives markets showed stability, suggesting a bullish…

Coinbase to Expand DEX Trading Platform in Brazil

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Coinbase is expanding its decentralized exchange trading platform, called “DeFi Mullet,” to Brazil, providing them with access to tens of thousands of tokens without needing to leave the Coinbase app. Powered by Coinbase’s Ethereum layer 2 Base, DeFi Mullet first launched in the US on Oct. 8 and is designed to abstract away the complexities of using decentralized finance protocols. “Using our DEX integration, users can trade on popular DEXs, like Aerodrome and Uniswap, without leaving the familiar ease of the Coinbase interface,” Coinbase said on Wednesday. Source: Brian Armstrong…

December Rate Cut Odds Down to 33% As Crypto Market Sentiment Craters

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The odds of an interest rate cut at the December Federal Open Market Committee (FOMC) meeting have plunged to 33% as “extreme fear” grips the crypto market and the price of Bitcoin (BTC) dips below $89,000. Investors placed the odds of a December rate cut at about 67% during the first week of November, with the odds dropping below 50% on Thursday, according to data from the Chicago Mercantile Exchange (CME). Traders on prediction markets Kalshi and Polymarket forecast the odds of a December rate cut at about 70% and…