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
Crypto
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
The recent directive from the Spanish data protection regulator, AEPD, has brought attention to the data collection practices of Worldcoin. The regulator has instructed Worldcoin to cease the collection of personal data in Spain and to refrain from using any data that has already been obtained. This decision came after receiving numerous complaints about Worldcoin,
The troubles facing Binance.US have been well-documented, with recent reports indicating a series of challenges that have led to forced layoffs and a significant decline in revenue. In court documents released by the company’s Chief Operating Officer Christopher Blodgett, it was revealed that Binance.US has been forced to let go of over 200 employees, amounting