Russia, as a member of the BRICS alliance, has recently announced the development of a new blockchain-based payment system to revolutionize trade settlements. This system aims to become an independent mechanism for conducting transactions among BRICS member nations. The BRICS alliance, composed of Brazil, Russia, India, China, and South Africa, is working together to create
Crypto
Bitcoin’s price is displaying signs of finally breaking the previous all-time high to the upside, entering uncharted territories. Predicting its upside potential is becoming more challenging, but there are hints from technical and on-chain analysis. On the daily timeframe, the price is climbing toward the $70K level, with $70K and $80K being potential upcoming targets.
The Stanford Blyth Fund, managed by students at the university, recently made a significant investment in Bitcoin (BTC) at $45,000 in February. This decision came after a compelling pitch by a computer science major, Kole Lee, during one of the Fund’s meetings. Following the purchase, the Blyth Fund allocated around 7% of its portfolio to
The recent surge in Bitcoin prices is a clear indication of the upward momentum in the cryptocurrency market. With the price crossing the $50,000 threshold and peaking at $70,000, experts believe that the rally is far from over. This rally has coincided with a period of high interest rates, showcasing strong demand for Bitcoin without
The year 2022 was marked by the collapse of several cryptocurrency lending platforms, with the Celsius crash being particularly devastating for investors. However, amidst the turmoil, Nexo managed to weather the storm and emerge as one of the few survivors in the industry. The key to Nexo’s resilience, according to Dimitar Bratovanov, the company’s Product
The recent introduction of spot Bitcoin ETFs has caused a surge in investor interest and a substantial increase in trading volume. This development has sparked optimism not only for Bitcoin but for the cryptocurrency market as a whole. Evaluating the Possibility of a Spot Ethereum ETF Despite the positive reception of spot Bitcoin ETFs, the
The past few days have been a rollercoaster for Bitcoin as its price surged above $70,000 for the first time, only to be violently rejected shortly after. This extreme price movement left many investors reeling as billions of USD were liquidated within minutes. Despite the wild fluctuations, Bitcoin managed to recover most of its losses
Pantera Capital is currently in the process of raising funds from major investors to purchase heavily discounted Solana tokens from the bankruptcy estate of FTX. The company is aiming to establish the Pantera Solana Fund, which would allow investors to acquire up to $250 million worth of SOL tokens from the FTX estate at a
The lead analyst at Glassnode, James Check, has predicted that Bitcoin (BTC) will surpass the $250,000 mark in its current cycle. According to Check, the strong conviction of HODLers over the years will propel the price of Bitcoin to astronomical levels. In a recent interview with What Bitcoin Did, the analyst discussed the reasons why
Cryptocurrency adoption has become a generational issue, with Millennials and Gen Z leading the way in embracing digital currencies such as Bitcoin. According to financial analyst and strategist, Tom Lee, younger generations are more open to adopting cryptocurrency compared to Baby Boomers. Lee highlighted that Bitcoin is being widely adopted and used by Millennials, Gen
