Tether Diversifies Reserves, Invests $1.5 Billion in Bitcoin: Tether’s Approach to Asset Management
The management of the operator of the largest stabelcoin Tether decided to invest in bitcoin up to 15% of net profit every month to diversify reserves. As of now, the company has already invested $1.5 billion in BTC. While many com ...
Aptos Price Analysis: Mixed Signals for Future Trend of APT
The Aptos price is trading between the most important support and resistance levels. Whether it breaks up or down may determine the future trend of the APT Price movements and the Relative Strength Index (RSI) give mixed s ...
Standard Chartered Analysts Predict Bitcoin Could Reach $100,000 by End of 2024
Financial experts at Standard Chartered have predicted that the price of Bitcoin could reach $100,000 by the end of 2024. This bullish outlook is attributed to the increased attention and interest in Bitcoin among investors following the collapse of several US banks, including Silicon Valley. ...
Katherine Wood Believes Bitcoin and Ethereum Are Reliable Investments in Financial Crisis
According to Katherine Wood, the founder of Ark Investment Management, Bitcoin and Ethereum are poised to be reliable investments during the current financial crisis. In fact, Wood asserts that Bitcoin's resilience during the latest US banking crisis was one of the most striking metrics that her ...
Bloomberg Intelligence analysts confirm Bitcoin’s dominance as a global reserve asset
Bloomberg Intelligence analysts cited data on the growth of investor confidence in bitcoin: the first cryptocurrency successfully passed a liquidity stress test amid the US banking crisis. A study by Bloomberg Intelligence experts says that for the vast majority of crypto ...
Technical Analysis and Price Forecast for Cosmos (ATOM)
The Cosmos (ATOM) cryptocurrency has recently started to reverse its downtrend, approaching a significant resistance line. Cosmos is an ecosystem of decentralized and scalable blockchains that aims to create an "Internet of Blockchains" where users can interact in a decentralized manner. The n ...
Vitalik Buterin on Choosing Key Custodians in Multi-Signature Wallets
In a recent blog post, Vitalik Buterin, the co-founder of Ethereum, delved into the issue of selecting key custodians for wallets with multi-signature transactions and those that offer the option of key recovery. A multi-signature wallet is a type of wallet where a transaction requires approval f ...
Pakistan Banking Association and Avanza Group collaborate on eKYC blockchain platform
The PBA and Avanza Group have collaborated to establish a groundbreaking blockchain-based eKYC banking data exchange platform. Under the guidance of the State Bank of Pakistan, the PBA will oversee the project, with the ultimate goal of enhancing anti-money laundering and terrorist financing meas ...
Concentration of Ether among Large Holders Raises Concerns for Ethereum Investors
According to reports by IntoTheBlock, a significant portion of the Ether supply, accounting for 39%, is owned by a limited number of addresses. This stands in contrast to Bitcoin, where the share of large holders, also known as whales, does not exceed 11% of the total supply. This observation by ...
Bitcoin as a Tool to Restore Democracy and Fight Corruption
According to Alex Gladstein, the director of strategic development at the Human Rights Foundation, Bitcoin's decentralized nature makes it a powerful tool in the fight against corruption. In a recent interview, he explained that Bitcoin has the potential to limit the power of states with "collapsed ...