Crypto News

APAC is “uniquely positioned” to lead the next phase of global cryptocurrency growth, according to a survey conducted last month by Protocol Theory on behalf of CoinDesk.This is just a preview of the insights available in CoinDesk's latest report, Driven by Demand: The People-Powered Crypto Movement in APAC. Download the report today for even more exclusive findings.The region already boasts a higher adoption rate than its neighbors at 24% versus a worldwide average of 7.8%. The report found this is driven by a range of factors including rising internet penetration, evolving regulatory environments, speculative interest, practical utility, growing understanding, and a belief in crypto's future potential.Surveying 4,267 people across Australia, China, Hong Kong, India, Japan, Philippines, Singapore, South Korea, Thailand,...

Human beings are emotional, and that's especially so in crypto markets. Round numbers are idolized much more than in traditional finance, and investors and traders are susceptible to panic-selling if price gains stall near a number with several zeros at the end. At the same time, some traders look to front-run the exodus, stacking order books such that it becomes a self-fulfilling prophecy.Take, for example, bitcoin (BTC), which has again drawn up short at the so-called psychological $100,000 sell wall. While earlier analysis has pointed at profit-taking, capitulation from short-term holders and just not enough demand to take bitcoin higher, it's interesting — possibly even useful —to know if there's a recurring pattern.An analysis of historical price movements based on...

Tom Lee, CIO of Fundstrat Capital, a financial research firm, has predicted that the bitcoin bull market will continue in December and announced that the first cryptocurrency will reach “well over $100,000” by year-end. Tom Lee Forecasts Bitcoin Reaching $100,000 By Year’s End in All-Asset-Encompassing Bull Market The bull market predictions for bitcoin prices keepSource link

By Omkar Godbole (All times ET unless indicated otherwise)It's literally raining BTC options! OK, not literally, but just two weeks after call and put contracts for BlackRock's spot bitcoin exchange-traded fund (ETF) began trading, we now have Cboe cash-settled FLEX options on both the Cboe Bitcoin U.S. ETF Index and the Cboe Mini Bitcoin U.S. ETF Index.These options debuted without much fanfare on Monday and have opened up a new "defined outcome" market, according to Jeff Park, the head of alpha strategies at Bitwise. Park says they allow for the customization of over-the-counter strategies while completely cutting out counterparty risk. That paves the way for innovative strategies focused on principal protection and range accrual at a time when giant companies...

Enron, the company responsible for one of the largest frauds in U.S. corporate history, has announced its return on social media, using terms like decentralized technology and teasing the launch of a token in the future. But is this really Enron? Enron Returns With Countdown to Undefined Event Enron, the brand behind the company thatSource link