The Digital Currency Group (DCG) has successfully paid off all short-term loans from its bankrupt subsidiary Genesis, as officially announced on January 6th. Over the past year, DCG has cleared more than $1 billion of debt to various creditors, with nearly $700 million directed towards Genesis, thereby fulfilling all its current obligations.Barry Silbert, the founder […]
The high price of a single Bitcoin, currently valued at $43,973, is discouraging potential investors who are reluctant to purchase only a fraction of the cryptocurrency. This is due to unit bias psychology, which favors owning complete units, as explained by VanEck advisor Gabor Gurbacs. He proposes that Bitcoin exchange-traded funds (ETFs) could be a […]
The TIA token, a product of Celestia, has recently seen a significant 22% increase in value within a 24-hour period. This surge in value is particularly noteworthy in a market that has been relatively stable in terms of fluctuations. The growth of TIA is attributed to the rising interest in TIA’s staking and the innovative […]
The United Nations Climate Change Conference (COP28) has sparked optimism and positive momentum in the Middle East, particularly in the realm of sustainable finance. Germany and the UAE have led the way by pledging $100 million to the newly-announced Loss and Damage Fund, a move that was met with a standing ovation from conference delegates. […]
Better Markets, a non-profit, non-partisan organization, has taken a firm stance against Bitcoin Exchange Traded Funds (ETFs). The organization, known for advocating strict financial regulations, has sent a letter to the Securities and Exchange Commission (SEC) expressing their concerns about the potential risks these financial products could pose to U.S. investors and retirees.Dennis M. Kelleher, […]
The crypto market is currently on edge as investors and analysts speculate about the future of cash Bitcoin ETFs in the U.S. The potential approval by the SEC could mark a new chapter in the history of cryptocurrencies, presenting new opportunities and challenges.According to Eric Balchunas, a senior ETF analyst at Bloomberg, we are closer […]
Grayscale, a leading asset manager, has announced a rebalancing of weights for three of its crypto funds. This move has led to the removal of certain tokens such as Polygon MATIC, while others like Avalanche AVAX and XRP XRP have been added. The announcement was made on January 5.The revised allocations are part of Grayscale’s […]
In a significant move, a whale known as ‘0x931’ has acquired $48 million worth of Ethereum, at an average price of $2,265 per coin. This recent purchase has bolstered their holdings to a hefty 80,000 ETH. The cryptocurrency has shown stability in its value, keeping a price above $2,150 since the start of the year, […]
In a significant move, a whale in the cryptocurrency market, known as ‘0x931’, has acquired $48 million worth of Ethereum. The purchase was made at an average price of $2,265 per coin, increasing their holdings to a substantial 80,000 ETH. The cryptocurrency has shown stability in its value, maintaining a price above $2,150 since the […]
Crypto analyst Guy Turner has forecasted a potential significant price surge for Cardano (ADA). He suggests that ADA could rally to as high as $1, which is the next significant level of resistance. This projection is based on ADA’s weekly chart, which indicates that the crypto token is painting a bull flag.However, Turner doesn’t find […]
