Prizmabet

Sygnum Unit Receives Liechtenstein License as a Crypto Asset Service Provider

The registration paves the way for the Switzerland and Singapore-based banking group to expand into the European Union and European Economic Area.

Sygnum said it obtained a crypto license from Liechtenstein, paving the way for the Zurich and Singapore-based digital assets banking group to expand into the European Union under the bloc’s Markets in Crypto-Assets Regulation (MiCA).

The bank’s subsidiary in the country received a license allowing it to offer regulated digital assets services, including brokerage, custody and banking.

Sygnum joins companies like Coinbase, Circle and others preparing to expand in Europe as MiCA takes effect. MiCA is a bespoke set of rules for the crypto industry that enables companies licensed in one country to operate across all 27 member states as well as countries like Liechtenstein that are in the European Economic Area. Switzerland is a member of neither.

MiCA’s stablecoin rules came into effect in June, with other regulations likely to come into force by December. EU countries have started accepting registrations for their respective crypto-asset service provider (CASP) regimes.

“The registration as CASP in Liechtenstein paves the way for a significant expansion of our regulated footprint into the EU, the world’s largest trading bloc,” said Martin Burgherr, Sygnum’s chief clients officer.

Merhaba arkadaşlar, bugün sizlere Prizmabet adlı bir bahis sitesinden bahsedeceğim. Prizmabet, Betconstruct altyapısı ile üyelerine kaliteli hizmetler veren ve ülkemizin önde gelen bahis sitelerinden bir tanesidir. 2009 yılında kurulan Prizmabet, lisanslı, güvenilir ve avantajlı bir site olarak dikkat çekmektedir. Prizmabet’te spor bahisleri, canlı bahisler, casino, canlı casino, slot oyunları, sanal sporlar ve daha pek çok seçenek bulabilirsiniz. Prizmabet’te oyun oynamak için aradığınız ortamı fazlası ile bulacaksınız.

Prizmabet’in en önemli özelliklerinden biri de Prizmabet TV kanalıdır. Bu kanal sayesinde bahis sitesinde bulunan müsabakaları üyeler bir ücrete katlanmadan istedikleri zaman takip edebiliyor. Böylece hem heyecanlı hem de kazançlı bir bahis deneyimi yaşayabiliyorsunuz. Prizmabet TV kanalında futbol, basketbol, tenis, voleybol gibi popüler spor dallarının yanı sıra daha az bilinen sporlara da yer verilmektedir. Prizmabet TV kanalını kullanmak için sadece siteye üye olmanız ve yatırım yapmanız yeterlidir.

Prizmabet ayrıca üyelerine bol miktarda bonus ve promosyon da sunmaktadır. Prizmabet’te ilk üyelik bonusu olarak 100 TL deneme bonusu alabilirsiniz. Bunun yanında yatırım bonusları, kayıp bonusları, arkadaş davet bonusu, doğum günü bonusu gibi farklı bonuslar da mevcuttur. Prizmabet bonusları sayesinde daha fazla oyun oynayabilir ve kazancınızı artırabilirsiniz. Prizmabet bonuslarının çevrim şartları da oldukça makul seviyededir.

Prizmabet para yatırma ve çekme işlemleri konusunda da üyelerine kolaylık sağlamaktadır. Prizmabet’te banka havalesi, kredi kartı, papara, cepbank, QR kod, bitcoin gibi farklı yöntemlerle para yatırabilir ve çekebilirsiniz. Para yatırma ve çekme işlemleri 7/24 yapılabilmekte ve kısa sürede hesaplara yansımaktadır. Prizmabet para yatırma ve çekme işlemlerinde herhangi bir komisyon veya kesinti de yapmamaktadır.

Prizmabet müşteri hizmetleri de üyelerine 7/24 canlı destek hizmeti sağlamaktadır. Prizmabet canlı destek ekibi sayesinde site ile ilgili her türlü soru, sorun veya önerinizi iletebilir ve anında çözüm bulabilirsiniz. Prizmabet canlı destek ekibi profesyonel, güler yüzlü ve yardımseverdir.

Sonuç olarak, Prizmabet ülkemizin en iyi bahis sitelerinden biri olarak gösterilebilir. Prizmabet’te hem eğlenceli hem de kazançlı bir bahis deneyimi yaşayabilirsiniz. Prizmabet’e üye olmak için güncel giriş adresini web sitemizden bulabilirsiniz. Prizmabet’e girmek için tıklayınız! Prizmabet’e katıldığınıza pişman olmayacaksınız!

Bitcoin Could Surge Thanks to Looser Financial Conditions

A less-widely followed report from the Chicago Fed indicated the easiest conditions since November 2021.

The Chicago Fed’s National Financial Conditions Index (NFCI) offers a weekly update on U.S. financial conditions across money markets, debt and equity markets, and the traditional and shadow banking systems. The NFCI is a valuable tool for assessing the health of financial markets, providing insights into liquidity, credit availability, and market risk. The index is structured so that a negative NFCI value indicates looser-than-average financial conditions, suggesting an environment where liquidity is more readily available. Conversely, a positive value indicates tighter-than-average conditions, where access to capital becomes more restrictive.

For the week ending Sept. 13, the NFCI registered at -0.56, indicating that financial conditions eased even further from the already looser than average level of the previous week. This level of financial ease hasn’t been seen since November 2021, a period during which bitcoin (BTC) reached its 2021 cycle high of $69,000.

A noteworthy analysis on the relationship between the NFCI and bitcoin was recently shared by Fejau, host of the Forward Guidance Podcast. In an X thread, Fejau pointed out the negative correlation between the NFCI and bitcoin, arguing that looser financial conditions often act as a tailwind for risky assets. According to Fejau, when financial conditions loosen, easing increases, leading to a risk-on environment where speculative assets, including bitcoin, tend to rally.

Fejau’s analysis traces this negative correlation across several market cycles. In 2013, as financial conditions eased, bitcoin surged from around $100 in July to over $1,000 by November. This coincided with the NFCI index registering a low of around -0.80, indicating significantly looser than average financial conditions.

Similarly, in 2017-2018, the loosening of financial conditions coincided with bitcoin’s dramatic rise from $2,000 to $20,000 in just six months at the end of 2017. However, during the COVID-19 pandemic, financial conditions tightened significantly—the most restrictive since 2009—leading to a crash in both traditional risk assets and bitcoin.

Most recently, Fejau notes that as financial conditions have loosened over the past twelve months, bitcoin has once again surged, climbing from $25,000 to over $73,000 in March 2024 even before global central banks started to cut interest rates. Which shows financial conditions have been loose for the past twelve months.

This relationship is not entirely straightforward, with other factors like the DXY index (a measure of the U.S. dollar’s strength) also influencing bitcoin’s trajectory. A rising DXY tends to have negative implications for bitcoin, as a stronger dollar makes speculative assets less attractive.

As financial conditions continue to ease, the outlook for bitcoin and other speculative investments could remain positive, provided other economic factors remain supportive.

YouTube Page of India’s Supreme Court Hacked to Promote XRP

The channel streams hearings of notable court cases but temporarily showed promotional videos of XRP and Ripple Labs before being taken down.

The YouTube channel of India’s Supreme Court was compromised on Friday in a first such incident for the judicial body.

The channel, which otherwise streams court cases for viewers and the press, showed videos promoting XRP tokens. Its name was changed to “Ripple.live24.”

A blank video titled “Brad Garlinghouse: Ripple Responds To The SEC’s $2 Billion Fine! XRP PRICE PREDICTION” went live on the channel in the European morning hours. The video and the channel were taken down shortly afterward.

“This is to inform all concerned that the YouTube channel of Supreme Court of India has been taken down. The services on YouTube channel of Supreme Court of India will be resumed shortly,” the Supreme Court said in a statement shared with local media companies.

The compromise came ahead of several crucial cases scheduled for Friday, the Times of India reported.

MicroStrategy Boosts Bitcoin Holdings With $458M Purchase, Upsized Convertible Note Offering to $1B

With the latest acquisition, the company now holds 252,220 bitcoin worth nearly $16 billion at current prices.

Nasdaq-listed software company MicroStrategy (MSTR) said Friday that it purchased 7,420 bitcoin (BTC) for about $458.2 million using the proceeds of its debt offering. The acquisition happened between Sept. 13 and 19 at an average BTC price of approximately $61,750.

The company increased its convertible note issuance that concluded Thursday to $1.01 billion from the $700 million principal offering announced earlier this week, according to a Friday filing to the U.S. Securities and Exchange Commission.

The company, led by Executive Chairman Michael Saylor, has been a pioneer for bitcoin adoption as a corporate treasury asset, and has become the largest corporate holder of BTC since it started buying in 2020. With the latest purchase, the firm now holds 252,220 bitcoin worth nearly $16 billion at current prices, acquiring at an average BTC price of $39,266 for a total cost of $9.9 billion.

MicroStrategy’s shares were down 1.5% from Thursday’s market closing price, with U.S. equity indices and BTC also sliding lower.

Other public companies such as Semler Scientific, miner Marathon Digital and Japanese investment adviser Metaplanet recently have followed MicroStrategy’s footprints to issue debt to accumulate BTC.

James van Straten contributed to the reporting.

Iggy Azalea to Release Online Casino Motherland in Boost for MOTHER Token

The online casino and gaming platform will be released in November.

SINGAPORE – Former Grammy-nominated artist and entrepreneur Iggy Azalea will release Motherland, a new online casino that uses her MOTHER token, in November.

Azalea unveiled the project alongside business partner Joe McCann, founder of crypto investment firm Asymmetric and manager Reece Pearson at her Motherland Rodeo event at Breakpoint in Singapore on Friday.

Motherland is slated to offer a variety of casino games — such as slots, blackjack, roulette, and poker — and players will enjoy live dealer games, tournaments and sports betting.

“Motherland is a digital homeland for the crypto community unlike any other,” said Azalea in a prepared statement. “This is all about merging culture and entertainment beyond hype cycles to create long-term value.”

“Motherland is a perfect example of how Iggy is taking the token beyond speculation and into real-world applications,” said McCann. “Memecoins are built on internet culture and the attention economy. No one does that better than Iggy — $MOTHER provides sustainable value creation by offering real utility,

MOTHER was one of the memecoins issued amid a short-lived celebrity token frenzy on the Solana blockchain in late May. Several such tokens have lost nearly all their value, but Azalea’s backing has helped buoy the token in the past few months.

In June, Azalea started to support the purchase of phones and monthly cell plans from his telecommunications company using mother tokens, boosting their value at the time.

Large Bitcoin Holders Accumulate $1.5B Worth of BTC as Price Wavers

The accumulation suggests optimism among large investors, IntoTheBlock’s head of research noted.

Large bitcoin (BTC) investors – “whales” in crypto terms – seemed undeterred by the recent weakness in price and substantially increased their holdings.

Data by crypto analytics firm IntoTheBlock shows that addresses holding at least 0.1% of the bitcoin supply – worth more than $500 million – increased their stash by a total of $1.5 billion in the last two weeks of August.

The increase occurred while inflows into centralized exchanges were near zero, suggesting that “there is organic buying demand rather than just funds moving to exchange addresses,” Lucas Outumuro, head of research at IntoTheBlock, wrote in a report.

Whales are entities who control large amounts of a digital asset. Their purchases and sales can have a sizable impact on markets, thus crypto watchers closely follow their behavior to anticipate market movements.The purchases happened during a period when BTC’s price sunk to a two-month low, temporarily lifted by an important court decision in Grayscale’s campaign to list a spot bitcoin exchange-traded fund in the U.S.

Large holders first loaded up after Aug. 17, when BTC plunged more than 10% to below $26,000, its lowest price since June, IntoTheBlock data shows.

They also increased holdings earlier this week following asset manager Grayscale’s court victory over the U.S. Securities and Exchange Commission (SEC). A federal appeals court ordered the agency to vacate and review its denial to convert the $14 billion Grayscale Bitcoin Trust into a more-desirable spot bitcoin ETF.

Analysts interpreted the court’s decision as a key advance towards listing the first spot BTC ETF in the U.S., making the largest cryptocurrency more accessible for a new class of investors.

BTC has erased all gains from the brief rally ignited by the Grayscale ruling and slid back below $26,000 on Friday.

Despite the weak price action, the accumulation suggests that “institutional investors are getting optimistic in Bitcoin as ETF decisions approach,” Outumuro said.

SEC Hasn’t Met Requirements to Argue for an Appeal, Ripple Says

Ripple opposed the SEC motion to try and appeal a federal judge’s ruling in its case against the crypto company from July.

The U.S. Securities and Exchange Commission (SEC) hasn’t made enough of a case to warrant an appeals court intervention in its ongoing legal fight with Ripple, the crypto company argued in a new filing Friday.

The SEC is seeking a federal judge’s approval to appeal her ruling finding that Ripple’s programmatic sales of XRP did not violate securities law. If Judge Analisa Torres, of the Southern District of New York, signs off on the bid, the SEC will need to convince the Second Circuit Court of Appeals to take up the case. In its filing Friday, Ripple argued that there are no controlling law questions and that an appeal wouldn’t lead to a faster resolution of the overall case.

July’s ruling did not “present a controlling question of law,” and neither did the SEC’s motion for an appeal, Ripple said in Friday’s filing, which added that the regulator hasn’t proven that different judges might disagree with the ruling, or that an appeal would lead to a faster end for the court case – all of which are requirements for the judge to approve an appeal, according to the filing.

Judge Torres found in July that while Ripple violated federal securities laws in selling XRP to institutional investors, it had not done the same in making XRP available to retail investors by putting it on exchanges.

A different judge in the same court, Judge Jed Rakoff, disagreed with Judge Torres’ assessment in his own ruling in the SEC’s case against Terraform Labs, a point the regulator brought up when it filed the substantive part of its appeal on August 18.

In Friday’s filing, Ripple said the factual bases underlying each case were different, leading to the different rulings.

“This Court’s summary-judgment ruling relied on record evidence that Ripple made no ‘promises or offers’ to purchasers in Programmatic Sales,” the filing said. “Terraform, by contrast, accepted the SEC’s allegations that Terraform and its founder promised all purchasers – those who bought directly from Terraform or from some other source – ‘rates of returns of 19-20% on the coin owners’ initial investment.'”

The SEC has until September 8 to respond to today’s filing.

LSE Group Plans to Offer Blockchain-Powered Market For Traditional Assets: Report

The London Stock Exchange (LSE) is considering using a separate entity for the blockchain-based markets business, according to the Financial Times.

The London Stock Exchange Group (LSEG.L), one of the oldest stock exchanges in the world, has drawn up plans to offer blockchain-based trading of traditional financial assets, the Financial Times reported Monday.

The company has reached an “inflection point,” having examined the potential for bringing traditional markets to blockchain rails for nearly a year and has now decided to take plans forward, LSE Group’s Head of Capital Markets Murray Ross told FT.

Ross stressed that the project does not involve cryptocurrencies and only uses the blockchain technology underpinning the digital assets to make buying, selling and holding of traditional assets more efficient.

“The idea is to use digital technology to make a process that is slicker, smoother, cheaper and more transparent . . . and to have it regulated,” Ross said.

A blockchain is a distributed, immutable ledger, facilitating record of transactions and tracking assets in a business network.

According to FT, the LSE Group is mulling a separate entity for the blockchain-based markets business and is in talks with regulators, multiple jurisdictions and the U.K. government and Treasury.

The reported move comes as several traditional finance firms look to come on chain to offer tokenised versions of traditional assets like gold and U.S. Treasury notes.

Binance’s Head of Product Departs

Kamat’s departure follows those of Chief Strategy Officer Patrick Hillmann, Senior Director of Investigations Matthew Price and SVP for Compliance Steven Christie, who both left the company in early July

Cryptocurrency exchange Binance has seen another senior executive depart the company, with Global Product Lead Mayur Kamat heading for the door.

“We can confirm that Mayur has stepped down from his role as product lead,” a Binance spokesperson said in an emailed statement. “We are grateful to him for helping guide Binance through some of our most explosive growth and we wish him the very best.”

A former vice president of product at travel agent Agoda, Kamat joined Binance in April 2022.

Kamat’s departure follows those of Chief Strategy Officer Patrick Hillmann, Senior Director of Investigations Matthew Price, SVP for Compliance Steven Christie, who both left the company in early July.

Their departures were linked to founder Changpeng “CZ” Zhao’s response to the investigation of Binance by the U.S. Department of Justice, according to reports. CZ however described this as “FUD” (fear, uncertainty and doubt).

The news of Kamat’s departure was reported earlier by The Block.

Bitcoin’s Use as Margin Collateral in Crypto Futures Trading Is Growing

Using BTC as collateral for a derivative is effectively a double whammy, according to analysts.

Bitcoin (BTC) is unlikely to shed its tag as an unpredictable and volatile asset any time soon because crypto traders are increasingly using the largest cryptocurrency as a margin in futures trading.

Since July, the percentage of bitcoin futures open interest margined with bitcoin has risen to 33% from roughly 20%, according to data tracked by Glassnode. Cash or stablecoin-margined contracts still account for 65% of the total open interest.

Futures are leveraged products, allowing traders to maximize exposure for a deposit at the exchange, known as margin, which is a small percent of the contract size. The exchange provides the rest of the value of the trade. The renewed interest in BTC-margined contracts means potential for volatility-boosting liquidations cascades, according to research provider Blockware Intelligence. That occurs when multiple liquidations – or forced closure of positions due to margin shortage – happen consecutively, causing a rapid price change.

“Using BTC as collateral for a BTC derivative is effectively a double whammy,” analysts at Blockware Intelligence said in a weekly newsletter. “If you’re long BTC with BTC posted as collateral, the price going down brings you to your liquidation point faster because the value of your collateral is declining at the same time. “Leveraging against your BTC during its monetization phase is extremely risky, [as] you can be correct directionally, but volatility can wipe you out regardless.”

Coin-margined contracts are quoted in U.S. dollars, but margined and settled in cryptocurrencies. In other words, the collateral is as volatile as the position, creating a non-linear payoff, where a trader earns less when the market rallies and loses more when the market drops.

So, not only does a long position bleed as bitcoin’s dollar-denominated price drops, but the collateral also loses value, compounding losses. That, in turn, results in a relatively quick margin shortfall and potential liquidation.

The trend is worrying in a sense that should coin-margined contracts become dominant, we may see frequent volatility-boosting liquidations cascades. Such events were quite common before September 2021, when coin-margined contracts accounted for more than 50% of the global open interest.

According to Blockware, the renewed interest in such contracts represents a shortage of cash in the market.

“The spike in this metric over the past few months is curious, it may suggest that traders are running out of cash and are resorting to leveraging against their BTC as the last means of increasing their exposure,” the analysts said.

Liquidity has been leaving the crypto market for some time. According to CCData, the total market value of all stablecoins contracted by 0.4% to $125 billion in August, the 17th consecutive monthly decline. The market cap of tether (USDT), the world’s largest stablecoin by market value, has fallen almost $1 billion to $82.87 billion in the past four weeks, CoinGecko data show.

We may earn a commission from partner links. Commissions do not affect our journalists’ opinions or evaluations. For more, see our Ethics Policy.