Russia, a prominent member of the BRICS alliance, recently announced the development of a cutting-edge blockchain-based payment system. This system is poised to transform the way trade settlements are conducted among BRICS member nations, which include Brazil, Russia, India, China, and South Africa. The alliance aims to collaborate on harnessing blockchain technology and digital innovations
Crypto
The Stanford Blyth Fund, a student-run investment group at Stanford University, recently made headlines when they purchased Bitcoin at $45,000 in February. This decision came after a persuasive pitch by a computer science major, Kole Lee, during one of the fund’s meetings. Lee’s pitch to the Blyth Fund focused on various aspects of the cryptocurrency
Bitcoin’s price is currently on the rise, breaking previous all-time highs and reaching towards the $70K level. This surge has put cryptocurrency in uncharted territories, making it difficult to predict its future potential. Technical and on-chain analysis provide some hints into what might be next for BTC. Psychological resistance levels at $70K and $80K are
The recent surge in Bitcoin’s price has caught the attention of many investors and analysts. The price crossed the $50,000 threshold not long ago and quickly soared past $70,000, indicating a strong bullish trend. Analysts like James Butterfill have noted that this price surge is happening despite high interest rates, suggesting that the demand for
In the tumultuous year of 2022, the cryptocurrency industry witnessed the implosion of numerous lenders, leaving investors reeling from devastating losses. However, amidst this chaos, one company managed to weather the storm and emerge stronger than ever – Nexo. While industry titans like BlockFi and Celsius Network crumbled under the weight of the market crash,
The introduction of spot Bitcoin ETFs has ignited a newfound interest among investors, fueling a significant surge in trading activity. This development has given rise to a wave of optimism that transcends the realm of Bitcoin itself. Despite the positive momentum surrounding Bitcoin, the launch of a spot Ethereum ETF has been delayed as the
Bitcoin’s price has been quite tumultuous recently. After a period of stability, the asset made a significant move by breaking above $70,000 for the first time ever. However, this spike was short-lived as the price of Bitcoin was violently rejected shortly after reaching this milestone. The rapid fluctuations in price left many investors reeling, with
Pantera Capital, a major crypto-focused asset manager, is reportedly in talks with investors to secure funds for the acquisition of heavily discounted Solana tokens from the bankruptcy estate of FTX. The company is in the process of raising capital for the Pantera Solana Fund, which presents a unique opportunity to purchase up to $250 million
The divide in cryptocurrency adoption between generations is becoming increasingly clear, with Millennials and Gen Z leading the charge. According to financial analyst Tom Lee, these younger demographics are more open to embracing cryptocurrencies like Bitcoin compared to the older Baby Boomers. Lee pointed out that Bitcoin is not only gaining traction among Millennials and
Bitcoin (BTC) is set to soar beyond $250,000 this cycle, according to lead Glassnode analyst James Check. The market has shown signs of strength compared to previous cycles, with high-conviction HODLers selling their assets at a profit. Check highlighted that the Bitcoin network entered a “bull market distribution phase” following the launch of U.S. Bitcoin
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