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World’s Largest Web3 Event TOKEN2049 Singapore Hits 300 Sponsor Milestone, Announces New Headline Speakers
PRESS RELEASE. SINGAPORE — 30 July 2023 — TOKEN2049, Asia’s premier Web3 and crypto conference, announced a slate of prolific title sponsors and headline speakers for its upcoming Singapore edition. With just 50 days to go in the countdown, TOKEN2049 will take place from 13-14 September 2023 at Marina Bay Sands, ahead of the Formula 1 Singapore Grand Prix 2023 race weekend.
Heralding a record-breaking repertoire of over 300 exhibitors, TOKEN2049 is set to welcome over 10,000 attendees with over 80 percent coming from overseas, making it the industry’s largest international gathering of the year. Congregating key business leaders from traditional finance and big tech to crypto-native entrepreneurs and builders as well as policy-makers, TOKEN2049 continues to cement its world-class status as the global premier Web3 event.
Panels, keynotes, and fireside chats at this year’s TOKEN2049 will address a myriad of topics including the changing global regulatory landscape, the convergence of crypto and AI, blockchain scaling, the intersection of Web3 gaming and the metaverse, the institutionalisation of digital assets, Web3 infrastructure, multi-chain network and protocol interoperability amongst many more critical themes.
Additional speakers at this year’s conference include amongst others Cameron and Tyler Winklevoss, Co-Founders of Gemini; Jeremy Allaire, Co-Founder and CEO of Circle; Jenny Johnson, CEO of Franklin Templeton; Daniel Alegre, CEO of Yuga Labs; Richard Teng, Head of Regional Markets at Binance; Daniel Ricciardo and Pierre Gasly, Formula One Drivers and Web3 enthusiasts from Scuderia AlphaTauri and BWT Alpine Formula One respectively.
“The East/West Crypto Flippening is upon us and we are excited to be a part of TOKEN2049 as the conference brings together builders, leaders, and thinkers from across the crypto industry,” said Cameron Winklevoss, Co-Founder of Gemini.
Commemorating the latest milestone, Alex Fiskum, Co-Founder of TOKEN2049 said: “We’re proud to present an ever-growing sensational speaker and sponsor line-up for this year’s edition of TOKEN2049, with broad international media coverage. The feedback has been unanimous – Asia is a driving force of innovation in crypto and Web3, and TOKEN2049 is the prime showcase where the global ecosystem will converge. Overall event traction has been tremendous with hundreds of side events expected throughout TOKEN2049 Week. We are also seeing that hotels across the city are already selling out as the anticipation for TOKEN2049 grows. We’re incredibly excited.”
TOKEN2049’s top-flight roster of title sponsors includes leading crypto exchange and Web3 technology company OKX; the gateway to ethics-first Shariah-compliant finance in the digital age, Islamic Coin; TRON DAO, empowering decentralized commerce and community for every human on the planet; Polkadot, the blockspace ecosystem for boundless innovation; DAO-led web3 ecosystem Mantle; world’s largest crypto copy trading platform Bitget; structured liquid staking and asset tracking protocol Tranchess; Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain; global financial technology firm Circle Internet Financial (Circle); top cryptocurrency exchange platform KuCoin; global digital asset market maker and multi-stage Web3 investment firm DWF Labs; and high-performance public blockchain Klaytn.
PR Newswire is a community partner of TOKEN2049 Singapore.
For more information and continued updates on TOKEN2049 Singapore, please visit: https://www.asia.token2049.com/
###
Alex Fiskum, Co-Founder of TOKEN2049 is available for interview.
ABOUT TOKEN2049
TOKEN2049 is a premier Web3 event, organised annually in Singapore, where decision-makers in the global crypto ecosystem connect to exchange ideas, network, and shape the industry. TOKEN2049 is a global meeting place for entrepreneurs, institutions, industry insiders, investors, builders, and those with a strong interest in the crypto and blockchain industry.
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This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Is The Crypto Market Bottom In? This News Headline Suggests It’s Near
No one was spared in last week’s crypto crash, during which Bitcoin fell 50% within a 24-hour time period.
According to an exclusive report published by industry outlet The Block on Friday, Adaptive Capital, a crypto fund headed by Murad Mahmudov and included partners such as Willy Woo and David Puell, is shutting down after last week’s intense volatility.
The outlet reviewed a note from the firm in which Adaptive revealed it would be “clos[ing] operations and return[ing] the remaining funds to investors,” revealing that the “infrastructural insufficiencies” on some exchanges didn’t allow them to execute Bitcoin trades correctly amid the breakdown:
“A number of respectable exchanges, platforms, and tools that we use daily have halted their operations during the selloff significantly hindering our ability to act accordingly.”
Although unfortunate, a trend in the space whereas low BTC prices result in a decrease in revenues and clients (reflexivity) for industry participants, potentially triggering layoffs and entire shutdowns — true capitulation.
Fortunately, the appearance of this trend suggests that Bitcoin might be in the midst of bottoming.
Related Reading: Analyst Who Predicted Bitcoin’s Crash to ,000 Says This Comes Next
Crypto Capitulation Marks Bottoms
Every notable crypto market bottom has been marked by a bout of capitulation; at the end of 2018, Bitcoin fell from ,200 to ,150 within two weeks, the 2015 bottom was marked by a more than 50% decline in three days, and so on and so forth.
But, it isn’t just rapidly-falling prices that suggest a market has capitulated, it’s the health of industry firms too. Indeed, the news of Adaptive’s closure has already been seen as an act of capitulation, giving some optimists all the more reason to believe Bitcoin bottomed at ,800.
“You wanted capitulation to mark the bottom. A loud crypto fund is closing. Ta da!,” wrote trader I am Nomad, commenting on the signifiance (or at least the percieved signifiance) of the news .
you wanted capitulation to mark the bottom. a loud crypto fund is closing.
ta da!
— I am Nomad (@IamNomad) March 20, 2020
Not Only Sign Bitcoin is Bottoming
This is far from the only sign suggesting that the crypto market is in the midst of bottoming.
Below is a chart from Joe McCann, a Cloud and AI specialist at Microsoft and a prominent crypto market commentator. The chart is of Coinbase’s Bitcoin market, which is relevant as this week saw the exchange process record levels of volume, indicating “capitulation,” the analyst wrote.
The record-level of volume on exchanges is relevant as extremely large spikes in market activity is often what marks bottoms and top for BTC (and mainstream assets in general); 2018’s ,150 bottom was found on a surge in selling pressure, 2019’s ,000 top saw a strong sell-off right afterward, and so on and so forth.
Furthermore, when Bitcoin capitulated last Friday, BitMEX’s futures market showed signs of extreme selling pressure.
As pointed out by trader Smart Contracter, the funding rate briefly hit -0.37 percent, meaning that an abundance of shorts was paying a few longs over 1 percent a day to keep their positions afloat. Simultaneously, the price of BTC on BitMEX plunged below that of the spot market, resulting in a dramatic negative premium.
Related Reading: Liquidity Crisis Continues: BitMEX Wick Reaches ,700 on Bitcoin Futures
This is important as the last time funding and premium were “this insanely high was 2017 at the [,000] top,” as Smart Contracter explained. What he’s saying is that we effectively saw a mirror inverse of the ,000 macro top, meaning Bitcoin might have just established a macro bottom.
Featured Image from Shutterstock
NewsBTC
This One Headline Just Made Crypto Investors Astronomically Bullish on BTC
Bitcoin and the crypto market haven’t been the only assets falling over the past week or two.
This week marked one of the stock markets and commodity market’s worst performances in history, with the S&P 500 and Dow Jones falling by around 12% from their all-time highs established just earlier this month. It was so bad that Thursday marked the Dow Jones’ worst performance in history, when it shed over 1,000 points in a single trading session.
JUST IN: Over trillion has been wiped off global stock-markets in the worst week since the Global Financial Crisis
— The Spectator Index (@spectatorindex) February 28, 2020
The Federal Reserve, the United States’ central bank, has obviously been pushed to react to the potentially flagging economy.
And analysts say that the potential response from the monetary authority will be astronomically bullish for Bitcoin and other crypto-assets moving forward.
Federal Reserve Implies Rate Cuts, Adding to Bitcoin & Crypto’s Bull Case
Over the past few weeks, as the coronavirus-caused disease COVID-19 has spread around the world, analysts (from crypto to fiat) have been fearing the worst for the economy; while a small portion of the world has been infected, dozens of millions have been affected in some way — travel bans, event cancellations, school closures, etc. — leading to data showing consumption is slowing.
The Federal Reserve has obviously been pushed to respond to the growing fears. Chairman Jerome Powell said Friday:
“The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. […] We will use our tools and act as appropriate to support the economy.”
Statement from Federal Reserve Chair Jerome H. Powell: https://t.co/IDTpinSICO pic.twitter.com/nJuYfVbujY
— Federal Reserve (@federalreserve) February 28, 2020
Market participants, from those on Wall Street to those dabbling in crypto assets, immediately took this as a sign that the Federal Reserve is preparing to cut its already-historically-low policy interest rate.
Indeed, the year-end futures for the Fed Funds rate just hit 0.63%, meaning investors expect the central bank to continue to cut rates into the end of 2020 to stimulate the economy.
Crypto investors have taken this likely impending rate cut as proof of BTC’s long-term validity.
Ikigai Asset Management’s Travis Kling accentuated that the Federal Reserve’s latest comment confirms that “radical monetary policy remains.”
This is relevant to Bitcoin because Kling thinks the more “irresponsible” central banks and governments are with money, the more BTC makes sense, for the crypto asset is scarce, hard-capped, non-sovereign, global, immutable, decentralized, and a digital store of value — much unlike the fiat that dominates the world today.
Here's the BRILLIANT trick the market is playing right now-
Central bankers have *zero* choice. Global rate cuts & heavy QE ASAP.
Market implying *96%* odds of 50bps cut in March. That was 0% yesterday.
Corona ends up ok. Big GDP hiccup but ok. Radical monetary policy remains.
— Travis Kling (@Travis_Kling) February 28, 2020
Featured Image from Shutterstock
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