Category Archive: Cryptocurrency, No picture
Riot Platforms becomes largest Bitfarms shareholder with 18.9% stake
Key Takeaways Riot Platforms has become the largest shareholder of Bitfarms with an 18.9% stake. Both Riot and Bitfarms have reported increased bitcoin production despite financial losses. Riot Platforms has purchased an additional 1 million shares of rival bitcoin miner Bitfarms, increasing its ownership to 18.9% of outstanding shares. The move advances Riot’s bid to […]
Bitcoin targets $65,000 as rate cut prospects strengthen, analysts suggest
Key Takeaways US July CPI inflation rate fell to 2.9%, below the expected 3%, potentially triggering a Fed rate cut. Analysts project Bitcoin could reach $64,000 to $65,000 if the Fed cuts rates in September. The US Consumer Price Index (CPI) numbers came out this morning, with the July CPI inflation rate falling to 2.9%, […]
Harris presidency might not be negative for crypto, CoinShares suggests
Key Takeaways Trump selects pro-crypto J.D. Vance as running mate for 2024 election. Harris’ crypto stance remains unclear, potentially less favorable than Trump’s. A recent report by asset management firm CoinShares discusses the potential impacts related to the US elections. While Donald Trump shows himself as a pro-crypto candidate, Kamala Harris might show a balanced […]
Analysts forecast Ethereum to reach $6,000 in 2024
Key Takeaways Analysts predict Ethereum to reach an average of $6,404 by the end of 2024. Ethereum’s transition to proof-of-stake and Layer 2 networks position it for potential growth. Ethereum (ETH) is projected to reach $6,404 by the end of 2024, according to top analysts’ and fund managers’ predictions gathered by CoinGecko. Predictions range from […]
Goldman Sachs holds $238 million in BlackRock’s Bitcoin ETF shares
Key Takeaways Goldman Sachs’s Bitcoin ETF holdings are valued at over $418 million as of June 30. Goldman Sachs is the third largest holder of the IBIT fund. Goldman Sachs holds around $238 million worth of BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), as of June 30, the bank revealed in […]
Coinbase hints at possible wrapped Bitcoin token launch
Key Takeaways Coinbase’s potential cbBTC product follows closely after BitGo’s controversial WBTC management changes. Wrapped Bitcoin tokens allow Bitcoin to be utilized on non-Bitcoin blockchains, primarily Ethereum. Coinbase has hinted at the potential launch of a new product called “cbBTC,” sparking speculation that the US-based crypto exchange may be developing its own wrapped Bitcoin token. […]
Tether invests $3 million in Kem app to boost Middle East financial inclusion
Key Takeaways Tether invests $3 million in Kem app to introduce USDT and drive crypto adoption in the Middle East. MENA region is the sixth-largest crypto economy with $389.8 billion in on-chain value from July 2022 to June 2023. Tether Operations Limited is investing $3 million in Kem, a money transfer and financial management app. […]
Kamala Harris leads Trump for fourth consecutive day on Polymarket
Key Takeaways Harris maintains 52% odds on Polymarket compared to Trump’s 46% for fourth consecutive day. Betting on Harris reaches $63 million, while Trump’s exceeds $73 million on the crypto-native platform. Kamala Harris’ odds of winning the US presidential election on Polymarket surpassed Donald Trump’s on Aug. 9 and have been maintained. At the time […]
Kelp DAO unveils ‘Gain Vault’ to maximize L2 airdrop rewards
Key Takeaways Kelp DAO introduces ‘Gain Vault’ to simplify L2 airdrop access and reward management. The ‘Gain Vault’ employs synthetic tokens to streamline participation in multiple DeFi strategies. Liquid restaking platform Kelp DAO announced today the launch of ‘Kelp Gain Vaults,’ a new program designed to increase the chances of receiving airdrops and rewards. The […]
DBS Bank launches ‘treasury tokens’ pilot with Ant International
Key Takeaways DBS Bank’s treasury tokens pilot with Ant International aims to cut transaction times significantly. The pilot is part of DBS’s involvement in Singapore’s projects exploring tokenization. DBS Bank, Singapore’s largest bank by assets, has initiated a pilot program for “DBS Treasury Tokens” in partnership with Ant International, aiming to improve treasury and liquidity […]
