The CEO and co-founder of the crypto index fund manager Bitwise believes most of the world’s financial institutions will soon utilize digital assets. In a new interview on the Talking Tokens podcast, Hunter Horsley says that 66% of all financial institutions will enter crypto in the near term based on his interaction with top bank …
Category archives: Trending Crypto news
Bankers push OCC to slow crypto trust charters until GENIUS rules clarified
The American Bankers Association (ABA) is urging the Office of the Comptroller of the Currency (OCC) to slow its approval of national trust bank charters for crypto and stablecoin firms until the regulatory landscape under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act is clearer. In a Wednesday comment letter on the …
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Binance completes $1B Bitcoin conversion for SAFU emergency fund
Binance completed the $1 billion Bitcoin conversion for its emergency fund, committing to holding Bitcoin as its core reserve asset. Binance purchased another $304 million worth of Bitcoin (BTC) on Thursday, completing the conversion of $1 billion in Bitcoin for its Secure Asset Fund for Users (SAFU) wallet, according to Arkham data. The fund now …
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ARK Invest adds $34M Robinhood stake as Bitcoin falls below $66K
ARK Invest, the investment firm led by Bitcoin bull Cathie Wood, snapped up a significant batch of crypto-linked stocks on Wednesday as BTC briefly dipped below $66,000. ARK purchased 433,806 shares of Robinhood (HOOD) for approximately $33.8 million, according to a trade notification reviewed by Cointelegraph. The asset manager also boosted its exposure to crypto …
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Strategy CEO eyes more preferred stock to fund Bitcoin buys
Bitcoin treasury company Strategy will further lean on its preferred stock sales to acquire Bitcoin, shifting from its strategy of selling common stock, says CEO Phong Le. “We will start to transition from equity capital to preferred capital,” Le told Bloomberg’s “The Close” on Wednesday. Stretch (STRC) is Strategy’s perpetual preferred stock, launched in July, …
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Ether set for another ‘V-shaped recovery,’ Tom Lee says
Fundstrat head of research Tom Lee said he expects Ether to rebound quickly following recent declines, arguing the asset has experienced eight such recoveries since 2018. “A lot of people are frustrated, but keep in mind that Ethereum, since 2018, has fallen more than 50% eight times,” Lee said at a conference in Hong Kong …
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Russia is blocking WhatsApp to push ‘surveillance’ app, company says
WhatsApp, the messaging app owned by social media giant Meta, has accused Russia of attempting to block access for millions of its users to push them towards its state-owned alternative. “Trying to isolate over 100 million users from private and secure communication is a backward step and can only lead to less safety for people …
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Thailand approves crypto as underlying assets in derivatives markets
Thailand’s government on Tuesday approved the Finance Ministry’s proposal allowing digital assets to be used as underlying assets in the country’s derivatives and capital markets. The move aims to modernize Thailand’s derivatives markets in line with international standards, strengthen regulatory oversight and investor protection, and position itself as a regional hub for institutional crypto trading, …
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US fines Paxful $4M for moving funds tied to trafficking, fraud
Peer-to-peer crypto exchange Paxful has been ordered to pay $4 million after admitting it knowingly profited from criminals who used its platform because of its lack of anti-money laundering checks. The Justice Department said on Wednesday that Paxful was sentenced to pay the fine after pleading guilty in December to conspiring to promote illegal prostitution, …
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X Money ‘external beta’ will go live in 1-2 months, Musk says
X Money, an upcoming payments system that forms part of Elon Musk’s “everything app” plans, is scheduled to come out as a “limited beta” in the next two months before launching to X users worldwide. Musk gave the new timeline at his AI company’s “All Hands” presentation on Wednesday, during which he said that X …
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Bitcoin Price Bleeds Lower With $65K Becoming The Battleground
Bitcoin price failed to stay above $70,000 and started another decline. BTC is now trading below $68,800 and might extend losses in the near term. Bitcoin is slowly moving lower below $68,800 and $68,000. The price is trading below $68,000 and the 100 hourly simple moving average. There is a bearish trend line forming with …
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Is Bitcoin A Better Investment Than Gold? Finance Expert Shares Deep Insights
Robert Kiyosaki, the author of Rich Dad Poor Dad, has once again declared his support for Bitcoin, this time making a direct comparison between the digital asset and gold. In a recent post on social media, the New York Times bestselling author said that if he were forced to choose between the two, he would …
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XRP Wave 4 Bounce Gains Steam — Final Shakeout Still Ahead?
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in …
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How Much Would You Have If You Put $500 In Bitcoin In 2014 Vs. XRP?
XRP and Bitcoin (BTC) were pitted against each other in a recent analysis, with market expert X Finance Bull revealing what early investors could have gained if they had invested $500 into both XRP and BTC in 2014. The analysis compares the performance of both cryptocurrencies over the years, highlighting the factors behind XRP’s growth …
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Why Bitcoin Can’t Be Explained By A Single Economic Cycle
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in …
Continue reading “Why Bitcoin Can’t Be Explained By A Single Economic Cycle”