crypto
Welcoming Giles Swan as Head of European Policy | by Lane Kasselman | @blockchain | Jun, 2022
Published
2 years agoon
By
admin![](https://blocknewsmedia.com/wp-content/uploads/2022/06/1aX5SULGaxZJ2FaQHtEHJAw.jpeg)
![](https://miro.medium.com/max/1400/1*aX5SULGaxZJ2FaQHtEHJAw.jpeg)
The final frontier for emerging technology is often a permanent regulatory framework. This is certainly the case in crypto where a level playing field and clear rules are needed for future growth and innovation. It’s especially critical now to have regulatory work on the forefront because at no time have European regulators and lawmakers looked closer at crypto than now. And since crypto is a long-term game, we’re laying the groundwork for important policy work in the years to come.
Giles Swan, the newest member of our policy team, joins us as Head of European Policy, and is based in London. With two decades of experience in public policy and financial services regulation as a policymaker, supervisor and a global policy director of a leading trade association, Giles specializes in European policy and regulation for financial services. He was a national expert in the European Union’s Council of Ministers, a national representative and working group chair of the European Securities and Markets Authority (ESMA) and spent several years as a technical specialist and advisor to Her Majesty’s Treasury at the UK Financial Conduct Authority’s predecessor organization, the Financial Services Authority.
In his role at the Financial Services Authority, Giles managed supervisory and policy teams who were working on various capital markets regulatory regimes. And during his time at the Investment Company Institute (ICI), he managed policy and legal teams while engaging with members on a range of different dossiers including all the main capital markets regimes in the EU and the emerging post-Brexit UK regulatory regime for investment funds and capital markets.
Giles will support Blockchain.com’s important work on EU reforms like Markets in Crypto Assets (MiCA), the Transfer of Funds regulation (TFTR), and establishing a regulatory framework for crypto within Europe.
Source link
You may like
Taliban jailed 8 traders for holding and using crypto
Solana Struggles to Rise Amid Bitcoin Price Uncertainty
Developing in Web 3.0 Is on the Cusp of a Breakthrough
Digital Shovel Sues RK Mission Critical for Patent Infringement on Bitcoin Mining Containers
crypto will get positive regulation ‘no matter who wins’ election
Toncoin (TON) v Cardano (ADA): On-chain Data Show Gains
crypto
Ethereum (ETH) Products See Largest Institutional Outflows Since August 2022: CoinShares
Published
1 day agoon
July 1, 2024By
admin![](https://blocknewsmedia.com/wp-content/uploads/2024/07/record-outflows-investors.jpg)
Digital assets manager CoinShares says that institutional crypto products sustained outflows last week for the third week in a row.
In its latest Digital Asset Fund Flows report, CoinShares says digital asset investment products suffered $30 million in outflows last week.
“Digital asset investment products saw a third consecutive week of outflows totaling US$30m, with last week indicating a significant stemming of the outflows. In contrast to prior weeks, most providers saw minor inflows, although this was offset by incumbent Grayscale seeing US$153m outflows.”
![](https://miro.medium.com/v2/resize:fit:4800/format:webp/1*QFgvZ2kc_VZ4NxIZsxs93w.png)
Despite overall outflows, the US, Brazil and Australian regions saw $43 million, $7.6 million and $3 million in inflows, respectively.
“Negative sentiment pervaded Germany, Hong Kong, Canada and Switzerland with outflows of US$29m, US$23m, US$14m and US$13m respectively.”
While the leading crypto by market cap Bitcoin (BTC), multi-asset investment vehicles, Solana (SOL) and Litecoin (LTC) brought in $18 million, $10 million, $1.6 million and $1.4 million in inflows, Ethereum (ETH) had one of its worst weeks in years.
“Ethereum saw the largest outflows since August 2022, totaling US$61m, bringing the last two weeks of outflows to US$119m, making it the worst performing asset year-to-date in terms of net flows.”
Chainlink (LINK) and XRP also brought in $0.6 million and $0.3 million, respectively.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
![](https://dailyhodl.com/wp-content/uploads/2018/06/Get-Alerts-728x90.png)
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/phive/Sensvector
Source link
Bitcoin
Bitcoin Weekend Trading Volumes Plunge To Record Lows
Published
2 days agoon
July 1, 2024By
admin![](https://blocknewsmedia.com/wp-content/uploads/2024/07/a.jpg)
Bitcoin has long been a hallmark of the cryptocurrency markets, thriving on its 24/7 accessibility. Weekend trading, once a notorious breeding ground for volatility, has been especially significant in the cryptocurrency landscape.
However, a recent report by Kaiko reveals a not so rosy picture – BTC weekend trading volumes have plunged to historic lows, potentially marking a new era dominated by institutional weekday warriors.
Related Reading
Bitcoin Trading Activity Takes A Nap
Kaiko’s data is straightforward: Bitcoin weekend trading activity has shrunk dramatically, dropping from a high of 28% in 2019 to a mere 16% in 2024. This dramatic decline coincides with the highly anticipated launch of spot Bitcoin ETFs in the US. These exchange-traded funds, mirroring the behavior of stocks, can only be traded during traditional market hours.
![](https://www.newsbtc.com/wp-content/uploads/2024/07/A.png?resize=682%2C373)
The influence of institutional investors, who tend to favor these regulated products, is evident. The report highlights a surge in Bitcoin trading activity during the “benchmark fixing window” – the final hour of US stock market trading. This suggests institutions are shaping new trading patterns, prioritizing weekdays over the once-active weekends.
![](https://www.newsbtc.com/wp-content/uploads/2024/07/A_956510.png?resize=682%2C359)
Beyond Weekends: A Multifaceted Market Transformation
The decline in weekend activity isn’t solely attributable to ETFs. The closure of crypto-friendly banks like Signature and Silicon Valley Bank in March 2023 is another contributing factor. These institutions provided 24/7 infrastructure that enabled market makers to constantly place buy and sell orders. Their absence has created a void in weekend liquidity, further dampening trading activity.
However, the changing landscape isn’t all doom and gloom. The report offers a glimmer of hope for investors seeking stability. The reduced weekend volatility could make Bitcoin a more predictable asset, potentially attracting a new wave of institutional interest. Additionally, the historical trend suggests July could be a positive month for Bitcoin, with price increases observed in seven out of the past 11 Julys.
Jitters On The Horizon?
While the weekend trading scene may be quieting down, the coming weeks look to be somewhat turbulent for the crypto market. The potential approval of Ethereum ETFs could further fuel institutional involvement and potentially impact Bitcoin’s dominance.
Related Reading
The Road Ahead
The dwindling weekend trading activity signifies a potential paradigm shift in the Bitcoin market. While the once-volatile weekends may become a relic of the past, the coming months promise to be eventful.
Institutional investors are now in the spotlight, shaping new trading patterns and potentially ushering in an era of greater stability. However, this month could still introduce significant volatility, keeping investors on the edge of their seats.
Featured image from Inc. Magazine, chart from TradingView
Source link
Bitcoin
Bitcoin Remains Bullish As New BTC Addresses Surge To New 2-Month Highs
Published
3 days agoon
June 30, 2024By
adminJune was much rougher for Bitcoin than many expected at the beginning of the month. This is because the price of Bitcoin virtually declined throughout the month, leaving many investors, especially short-term holders, disappointed.
Related Reading
However, despite the price decline, on-chain data suggests that Bitcoin adoption is growing. New data shows the number of new Bitcoin addresses being created has surged to the highest level in two months. This growth suggests the long-term prospects for Bitcoin remain strong.
New BTC Addresses Surge To 2-Month High
Despite the price slump, the network is exhibiting a promising trend that signals future growth for the world’s largest cryptocurrency. According to Glassnode chart data initially shared on social media platform X by crypto analyst Ali Martinez, new BTC wallet addresses have risen steadily over the past week to reach 352,124, their highest level since April.
Interestingly, the chart shows that the recent uptick in new addresses contrasts with a larger decrease in the creation of new addresses since November 2023. This new increase points to an influx of new users entering the crypto space. As more people adopt Bitcoin, demand will inevitably grow, which is a catalyst for price surges down the line.
Furthermore, Martinez suggested that the uptick in new addresses is from retail investors making a comeback. While institutional investors often drive major market moves, retail interest is crucial for Bitcoin’s mainstream adoption.
Retail #Bitcoin investors are making a comeback! The number of new $BTC addresses on the network surged to 352,124, marking the highest level since April. pic.twitter.com/GFOHnsokz0
— Ali (@ali_charts) June 29, 2024
A major part of the increase in new addresses can be attributed to recent adoption in the Brazilian market. Nubank, Brazil’s biggest neobank, recently announced plans to integrate Bitcoin’s lightning network into its services. As the largest fintech bank in Latin America, this integration could potentially expose a significant portion of its 100 million customers to the digital asset.
What’s Next For Bitcoin?
At the time of writing, Bitcoin was trading at $61,446. The leading digital asset has lost over 10% of its market cap in a 30-day time frame and the bulls are struggling to break above $61,000. This downtrend could be attributed to a selloff by miners and many long-term holders. Specifically, around 40,000 BTC were sold by long-term holders in June.
Bear markets are temporary. Bull runs will return. It’s just a matter of when, not if. With the second half of the year now approaching, time can only tell how the price of Bitcoin unfolds. Of course, new wallet addresses don’t directly impact price, but they are a leading indicator of growing Bitcoin adoption.
Related Reading
This adoption and demand, coupled with a recent decrease in the number of new Bitcoins entering the market, points to an increase in the price of Bitcoin in July.
Featured image from CNBC, chart from TradingView
Source link
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/crypto-news-jail-option03.webp-80x80.webp)
Taliban jailed 8 traders for holding and using crypto
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/SOL-BTC-Price-80x80.jpg)
Solana Struggles to Rise Amid Bitcoin Price Uncertainty
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/web3-project-hit-exploit-80x80.jpg)
Developing in Web 3.0 Is on the Cusp of a Breakthrough
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/screenshot-2024-07-02-at-51608pm-80x80.jpg)
Digital Shovel Sues RK Mission Critical for Patent Infringement on Bitcoin Mining Containers
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/crypto-news-The-crypto-industry-will-only-benefit-from-regulation-option04.webp-80x80.webp)
crypto will get positive regulation ‘no matter who wins’ election
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/TONCOIN-1-1-1-1-80x80.jpg)
Toncoin (TON) v Cardano (ADA): On-chain Data Show Gains
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/Kamala-Harris_shutterstock_2183836503-gID_7-80x80.jpg)
Crypto Markets Like Their Odds With Kamala Harris
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/image4-80x80.png)
How Financial Surveillance Threatens Our Democracies: Part 2
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/CryptoMinersBros03-80x80.png)
CleanSpark’s amped hashrate mined 445 Bitcoin in June
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/Ripple-Labs-Inc-80x80.jpg)
Ripple and Coinbase Use Binance Win to Contest SEC Claims
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/Z3ZGQI6EIFA43OB6ETDNMATMR4-80x80.jpeg)
DCG, Top Executives Renew Push to Get New York AG’s Civil Fraud Suit Dropped
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/screenshot-2024-07-02-at-164822-80x80.png)
Introducing Satoshi Summer Camp: A Bitcoin Adventure for Families
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/crypto-news-the-judges-gavel-on-the-table-blurry-blockchain-pyramid-background-neon-colors-low-poly-style04.webp-80x80.webp)
US judge approves expedited schedule for Consensys suit against SEC
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/Crypto-To-Buy-80x80.jpg)
2 Cryptocurrencies To Buy Boosting Into Top 10
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/Bitcoin-Large-80x80.jpeg)
Bitcoin Miners Slow Down Selling In July, What This Could Mean For Price
![](https://blocknewsmedia.com/wp-content/uploads/2022/06/1656437120_shutterstock_1736086877-80x80.jpg)
Bitcoin Dropped Below 2017 All-Time-High but Could Sellers be Getting Exhausted? – Blockchain News, Opinion, TV and Jobs
![](https://blocknewsmedia.com/wp-content/uploads/2022/07/coinbase-shutterstock_1866715066-80x80.jpg)
What does the Coinbase Premium Gap Tell us about Investor Activity? – Blockchain News, Opinion, TV and Jobs
BNM DAO Token Airdrop
![](https://blocknewsmedia.com/wp-content/uploads/2023/03/ETH-NFT-shutterstock_1944183022-80x80.jpg)
NFT Sector Keeps Developing – Number of Unique Ethereum NFT Traders Surged 276% in 2022 – Blockchain News, Opinion, TV and Jobs
![](https://blocknewsmedia.com/wp-content/uploads/2022/06/btcsmall-1-1-80x45.png)
A String of 200 ‘Sleeping Bitcoins’ From 2010 Worth $4.27 Million Moved on Friday
New Minting Services
![](https://blocknewsmedia.com/wp-content/uploads/2022/10/maxresdefault_live-80x80.jpg)
Block News Media Live Stream
![](https://blocknewsmedia.com/wp-content/uploads/2023/02/SEC-shutterstock_1625495629-80x80.jpg)
SEC’s Chairman Gensler Takes Aggressive Stance on Tokens – Blockchain News, Opinion, TV and Jobs
![](https://blocknewsmedia.com/wp-content/uploads/2022/08/Green-mining-Shutterstock_1981391501-80x80.jpg)
Friends or Enemies? – Blockchain News, Opinion, TV and Jobs
![](https://blocknewsmedia.com/wp-content/uploads/2022/06/0BK4KOQfADYNvpEKU-80x80.png)
Enjoy frictionless crypto purchases with Apple Pay and Google Pay | by Jim | @blockchain | Jun, 2022
![](https://blocknewsmedia.com/wp-content/uploads/2023/09/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zZmE3ZTQzYzVmNTkwYTA0ZDA1MWZlY2EwZGY4YjA2OS5qcGc-80x80.jpg)
How Web3 can prevent Hollywood strikes
![](https://blocknewsmedia.com/wp-content/uploads/2023/02/maxresdefault_live-80x80.jpg)
Block News Media Live Stream
![](https://blocknewsmedia.com/wp-content/uploads/2022/07/1657766796_maxresdefault_live-80x80.jpg)
Block News Media Live Stream
![](https://blocknewsmedia.com/wp-content/uploads/2023/07/iStock-1349331161-80x80.jpg)
XRP Explodes With 1,300% Surge In Trading Volume As crypto Exchanges Jump On Board
![](https://blocknewsmedia.com/wp-content/uploads/2023/02/maxresdefault_live-80x80.jpg)
Block News Media Live Stream
Trending
- Altcoins2 years ago
Bitcoin Dropped Below 2017 All-Time-High but Could Sellers be Getting Exhausted? – Blockchain News, Opinion, TV and Jobs
- Binance2 years ago
What does the Coinbase Premium Gap Tell us about Investor Activity? – Blockchain News, Opinion, TV and Jobs
- Uncategorized3 years ago
BNM DAO Token Airdrop
- BTC1 year ago
NFT Sector Keeps Developing – Number of Unique Ethereum NFT Traders Surged 276% in 2022 – Blockchain News, Opinion, TV and Jobs
- Bitcoin miners2 years ago
A String of 200 ‘Sleeping Bitcoins’ From 2010 Worth $4.27 Million Moved on Friday
- Uncategorized3 years ago
New Minting Services
- Video2 years ago
Block News Media Live Stream
- Bitcoin1 year ago
SEC’s Chairman Gensler Takes Aggressive Stance on Tokens – Blockchain News, Opinion, TV and Jobs