>
Region

Global

The latest published reporting from this region.

Crypto

Why Is Crypto Crashing? Elon Musk’s Grok AI Predicts BTC to $40K

Why is crypto crashing today? BTC/USD fell to $73,700 overnight, down another 0.8%, as $744M in liquidations triggered another market-wide crash after hotter-than-expected CPI data on November 10 spiked fears of further rate hikes later this year. With macroeconomic tailwinds driving high volatility, Elon Musk’s Grok AI predicts Bitcoin could crash to $40K by the […] The post Why Is Crypto Crashing? Elon Musk’s Grok AI Predicts BTC to $40K appeared first on Cryptonews.

CryptoNews
Read more
Crypto

Bloomberg: Nomura Holdings considers selling its encryption business Laser Digital, Marex is evaluating acquisitions

According to Bloomberg, citing people familiar with the matter, Japan’s Nomura Holdings is considering selling its encryption business Laser Digital Holdings AG and has started contacts with potential buyers, including Marex Group, which is evaluating acquisitions. No final decision has been made and Nomura may choose another buyer or retain the business. Founded in 2022 and headquartered in Zurich, Laser Digital mainly provides crypto asset trading, asset management and venture capital services to institutional investors. Affected by the violent fluctuations in the crypto market, the company suffered large losses, causing Nomura's European business to fall into a quarterly loss, and management subsequently tightened risk control. Laser Digital recently obtained a Japanese crypto-asset trading services license and received conditional approval for a U.S. National Trust banking license in May this year. Even as Nomura considers selling the business, Japan is pushing ahead with the listing of cryptocurrency ETFs and a reduction in tax rates on related investment income, with the first ETFs likely to be launched as early as next year.

吴说区块链
Read more