Kima is seeking to bridge traditional and Web3 finance and make the user experience more manageable.
DeFi Borrower Behavior Key to Gauging Tokenization Risks: BIS Study
The study was designed to look at the largely unexplored “intricacies” of user behavior and dynamics of decentralized finance lending, the authors said.
Fiat on-ramps, banking partners crucial for institutional Web3 adoption – European Blockchain Convention
Prominent fiat payment rail services and neobanking platforms are becoming a catalyst to address institutional mistrust in the cryptocurrency sector.
Fiat on-ramps, banking partners crucial for institutional Web3 adoption — European Blockchain Convention
Prominent fiat payment rail services and neobanking platforms are becoming a catalyst to address institutional mistrust in the cryptocurrency sector.
Chainlink’s LINK Soars, Outperforming Other Crypto Majors
The uptick comes as the company has secured a number of notable partnerships with traditional finance institutions.
Traditional Finance Exchanges Divided on Crypto Services: Survey
A World Federation of Exchanges survey found 41% of respondents already offer crypto-related products or services, with a further 24% planning to offer them in the future.
House Bill Shows Challenge of Regulating Crypto Without Giving TradFi a Free Pass
House Republicans Patrick McHenry and GT Thompson face a central problem drafting their crypto bill: Removing SEC discretion over whether a crypto token is a security allows issuers of traditional stocks and bonds the opportunity to arbitrage regulation, writes Todd Phillips.
Tradfi Sees Opportunity in Crypto Despite ‘Red Wedding,’ Burning Buildings
Institutional investors are salivating over opportunities in growth equity and depressed tokens that took an undeservingly excessive hit during crypto’s bear market, market participants said during Wednesday’s Consensus 2023 event.
Real-World Tokenization Is Surging as TradFi Grows More Receptive to Blockchain
A number of banks and other big brands are turning to RWA in the form of digital tokens on the blockchain as they look to bring more efficiency to transactions. Industry watchers say the trend will grow.
Crypto Banking Rules Could Be Modified If Market Reacts, Basel Committee Chair Says
Controversial rules unveiled last year would discourage banks from holding assets such as bitcoin that are deemed risky
Franklin Templeton Sees Web3 Driving Next Wave of Tech Innovations
In a new report, the asset management giant outlines tech-driven megatrends that are shaping society, including decentralization.
South African crypto landscape primed for TradFi growth after FSCA ruling
Industry insiders believe South Africa’s move to classify cryptocurrencies as financial products could drive the adoption and legitimacy of the sector.
Quant Explains How US Stock Market Volumes Influence Bitcoin Price
A quant has explained how there is a connection between the recent trends in the US stock market volumes and the Bitcoin price.
TradFi Depth Oscillator Has Hit A Low And Is Now Turning Back Up
As explained by an analyst in a CryptoQuant post, the volume depth in traditional finance markets has been low recently.
The “TradFi volume” is a measure of the total amount of transactions that buyers and sellers are making on the US stock market.
There is a concept called “market depth,” which is the ability of any market to take in large orders without impacting the price of the commodity much.
Generally, the more orders there are in a market, or simply, the higher its volume, the stronger the depth of the asset. However, something important is that these orders should be spread evenly within the market, otherwise the depth wouldn’t be as great.
Using an oscillator, the cyclical trend in the depth of any asset can be noticed. Here is a chart that shows how the US stock market volume depth oscillator has changed its values during the last few months:
The value of the metric seems to have been turning around in recent days | Source: CryptoQuant
As you can see in the above graph, the quant has marked the relevant zones of trend between the Bitcoin price and the TradFi volume depth oscillator.
It looks like whenever the indicator has transitioned from positive to negative values, the value of the crypto has observed bearish winds.
On the other hand, the metric crossing the zero line the opposite way has lead to a bullish trend for the price of BTC.
Bitcoin has also seen local bottom formations around the points where the stock market volume depth oscillator itself has hit lows.
About a week ago, the indicator hit very low values that were comparable to those between February and March 2020. Since then, the metric has started turning back up.
The analyst believes that this recent trend formation could imply that Bitcoin may see a respite soon, and bounce to levels between $21.5k to $24.5k.
Bitcoin Price
At the time of writing, Bitcoin’s price floats around $19.2k, up 2% in the last seven days. Over the past month, the crypto has lost 4% in value.
The below chart shows the trend in the price of the coin over the last five days.
Looks like the value of the crypto has been stuck in consolidation during the past few days | Source: BTCUSD on TradingView
Featured image from Traxer on Unsplash.com, charts from TradingView.com, CryptoQuant.com
Crypto poses imminent threat to financial stability: Bank of England Deputy Governor
Bank of England’s Sir Jon Cunliffe has urged British lawmakers to think “very hard” about the disruption integrating cryptocurrency with traditional finance could wreak.