Goldman Sachs chief investment officer Sharmin Mossavar-Rahmani, said in an interview with the Wall Street Journal, Bitcoin is not considered an investment asset class, adding “we’re not believers in crypto.” Wall Street has been coming round to the idea of cryptocurrency as an asset class with many traditional financial institutions such as BlackRock and Fidelity even launching products such as ...
Bitcoin Price Prediction As the ‘halving’ event nears, Bitcoin price predictions become increasingly significant, with the current value at $66,125 hinting at future trends. The market’s technical indicators suggest a decisive phase ahead, with potential shifts in investor sentiment and market dynamics poised to influence Bitcoin’s trajectory. El Salvador Unveils Open-Source Bitcoin Diploma to Boost Global Financial Literacy and Adoption ...
Cathie Wood’s ARK 21 Shares Bitcoin exchange-traded fund (ETF) has recorded daily outflows of over $87 million, marking the first time it witnessed larger daily outflows than Grayscale’s Bitcoin Trust (GBTC). According to data from Farside Investors, ARK 21Shares Bitcoin ETF (ARKB) saw outflows amounting to $87.5 million on Tuesday, which is approximately equivalent to 1,300 BTC. This comes as the second consecutive ...
Paradigm, a key player in crypto venture capital, is eyeing a significant fundraising goal for its latest investment fund. According to a recent Bloomberg report, people familiar with the matter said that Paradigm has targeted the $750 million to $850 million range. If finalized at $750 million, this fund will represent the industry’s most substantial since 2022, after Andreessen Horowitz’s ...
Decentralized exchange CrowdSwap has launched the first decentralized crypto exchange-traded fund (ETF), comprising several crypto assets including Bitcoin and Ethereum. Announced Tuesday, the Bull Run dETF offers investors access to diversified portfolios within crypto ecosystem. The ETF comprise of 10 tokens including Polygon (MATIC), Chainlink (LINK), Polkadot (DOT), among others. That said, Investors can invest in these 10 tokens using ...
Bitcoin investors in Asia are experiencing significant price swings as automated trading protocols react to flows data from US exchange-traded funds (ETFs) that hold the cryptocurrency. The impact of these automated trading algorithms is particularly felt during Asian trading hours following the close of US share trading, when daily figures on the demand for spot-Bitcoin ETFs are released, according to a report ...
Bitfinex Derivatives, the derivatives platform of iFinex Financial Technologies Limited, is expanding its offerings with the launch of two new volatility-focused perpetual futures contracts. These contracts, the Bitcoin Implied Volatility Index (BVIVF0:USTF0) and the Ethereum Implied Volatility Index (EVIVF0:USTF0), aim to capture the market’s sentiment regarding future price movements for the two leading cryptocurrencies. Unlike traditional futures contracts that track ...
With meme coins the best-performing sector so far in 2024, with the largest six tokens up between 100-2300% year-to-date, investors are hunting for meme coins to watch in April. The top six meme coins have each now been able to attain mammoth multi-billion-dollar market capitalizations. With meme coins the best-performing crypto sector year-to-date, investors are hunting for meme coins to ...
Bithumb Korea, the operator of the Bithumb crypto exchange, has reported a year-on-year decline in profitability for the Financial Year 2023, despite recent upturns in trading volumes. Per the South Korean media outlet New Daily, year-on-year sales figures fell by 58%, according to a Bithumb statement on April 2. However, while the company’s performance shrank compared to 2020, its profits ...
Nexo, alongside more than 35 prominent cryptocurrency organizations, has embarked on a campaign to advocate for creating an official Bitcoin emoji. Every revolution needs a symbol. We have joined forces with 20+ leading crypto organizations for a historic cause: Bitcoin Deserves an Emoji Coming together to bring Bitcoin to digital keyboards worldwide are: @bitcoinbrink, @bitgetglobal, @chainalysis, @0xPolygon, @brave,… pic.twitter.com/8sJn9AVcYV — ...