BlackRock, a massive investment firm with over $10 trillion in assets, has invested $47 million in Securitize, a major player in the tokenization industry. BlackRock’s Tokenization Strategy This investment aligns with BlackRock’s belief in the transformative power of tokenization in capital markets. The company has created its own tokenized fund, BUIDL, which operates on the…
Coinbase, the leading US cryptocurrency exchange, has announced plans to add QCAD, a stablecoin pegged to the Canadian dollar, to its platform. QCAD Relaunched QCAD was relaunched last year by Stablecorp, a digital asset company, with a promise to maintain reserves equal to the amount of QCAD in circulation. It is available on Ethereum, Stellar,…
Crypto analyst Altcoin Sherpa predicts a potential rally for Solana (SOL) after a market correction. He believes SOL could retest $120 before surging to over $500 later this year. Solana’s Potential Rally Sherpa believes SOL’s potential rally is based on the assumption that the altcoin market will continue to bleed. He advises investors to dollar-cost…
A recent surge in large Cardano (ADA) transactions suggests the cryptocurrency could be poised for a price reversal, according to crypto analytics firm Santiment. Whale Activity On Monday, the number of Cardano whale transactions exceeding $100,000 hit its highest level since November. Historically, such spikes have been associated with potential price reversals. Market Performance Despite…
Long-Term Growth Potential Macroeconomist Lyn Alden believes Bitcoin’s rise to prominence will take more than a decade. She emphasizes that technological advancements like Bitcoin often take time to disrupt existing systems. Underestimating Bitcoin’s Impact Alden highlights that people tend to underestimate the long-term impact of Bitcoin on the financial world. She believes it will gradually…
Key Findings Analyst Captain Faibik predicts Bitcoin (BTC) could reach a new all-time high this month. BTC is currently testing the daily Moving Average 100 (MA100) level, which has historically provided support. BTC’s price action on the daily timeframe suggests a bullish rise. The daily Relative Strength Index (RSI) indicates a potential price recovery. BTC…
Bitcoin (BTC) has taken a hit, dropping to $56,556 on Wednesday morning in Europe. This is the lowest point since late February. The downturn is the sharpest monthly decline since November 2022, with BTC falling about 7.5% in the last 24 hours. Reasons for the Dip 1. Anxiety Before FOMC Meeting Investors are anxious about…
Current Market Conditions Bitcoin is currently trading around $60,000, a level that has historically marked a turning point in its market cycle. Analyst Predictions Analyst Checkmate predicts that Bitcoin is entering a “chopsolidation” phase, a period of sideways movement with high volatility. This phase could last for approximately six months, followed by a period of…
Hoskinson and Schwartz Clash Cardano founder Charles Hoskinson and Ripple CTO David Schwartz are embroiled in a heated debate over Ripple’s regulatory challenges and allegations surrounding the “ETH Gate.” ETH Gate Allegations Hoskinson has dismissed rumors that the Ethereum community influenced the SEC’s decision to target XRP. However, Schwartz has raised concerns about a potential…
Prison Sentence Changpeng Zhao (CZ), the former CEO of Binance, was sentenced to four months in prison for enabling money laundering on his crypto exchange. This was less than the three years requested by prosecutors. CZ’s Response CZ expressed gratitude for the support he received and emphasized the importance of compliance in the evolving crypto…
