In recent weeks, social media personality and former professional kickboxer Andrew Tate has been vocal about his views on the current state of investments and the potential of cryptocurrencies, particularly Bitcoin (BTC). Tate, known for his controversial opinions and massive following on social media platforms, has stirred up discussions within the crypto community and beyond ..read more

Bitcoin’s Lightning Network (LN) is a layer-2 scaling solution built atop the Bitcoin blockchain. It aims to address Bitcoin’s limitations in transaction speed and costs, particularly for frequent, small-value payments. The LN achieves this by facilitating off-chain transactions through a network of peer-to-peer payment channels. Participants in the LN establish payment channels by locking a ..read more

Recent market volatility has put a spotlight on spot-Bitcoin exchange-traded funds (ETFs). As reported by Bloomberg, several major US-listed Bitcoin ETFs experienced record-high discounts to their net asset value (NAV) after Bitcoin itself saw a significant price drop. This raises questions about the unique challenges of these investment vehicles in a volatile market. Bloomberg data ..read more

On Wednesday, the Federal Reserve concluded its latest FOMC meeting by keeping interest rates unchanged, maintaining the target range at 5.25% to 5.5%. This decision was widely anticipated by market participants and came as a relief to investors, who had been closely monitoring the central bank’s stance on monetary policy. According to a report by ..read more

On May 1, MicroStrategy announced the launch of a new decentralized identity platform, termed MicroStrategy Orange. This innovation was revealed by Michael Saylor, the Executive Chairman of MicroStrategy during their “Bitcoin For Corporations” conference. The newly introduced platform leverages the Bitcoin network’s Ordinal-based inscriptions to manage digital identities, which promises a new layer of functionality ..read more

BNP Paribas, the second-largest bank in Europe whose asset management arm has over $600 billion in assets under management, has gained exposure to the flagship cryptocurrency Bitcoin ($BTC) via a spot exchange-traded fund. According to a recent 13F filing with the U.S. Securities and Exchange Commission (SEC) the bank has purchased shares of BlackRock’s iShares ..read more

The price of the flagship cryptocurrency Bitcoin (BTC) recently plunged from over $63,000 to a low just above the $56,000 mark before starting to recover, with over $300 billion exiting the cryptocurrency space as a result. Despite the volatility, sovereign wealth funds are eyeing the cryptocurrency. Bitcoin is up more than 39% so far this ..read more

A popular cryptocurrency analyst has recently identified possible parallels between the current price movements of the flagship cryptocurrency Bitcoin (BTC) and its 2016 bull run, even after a recent price correction. According to pseudonymous cryptocurrency analyst Rekt Capital, Bitcoin’s price action has been mirroring its 2016 cycle, with further declines observed in the weeks following ..read more

On Tuesday, Federal Reserve Chair Jerome Powell indicated that interest rate cuts might be postponed longer than initially expected due to ongoing high inflation readings. Speaking at a panel alongside Bank of Canada Governor Tiff Macklem at the Wilson Center in Washington, Powell highlighted the unexpected continuation of high inflation rates and suggested that the ..read more

Bloomberg ETF Analyst Rebecca Sin has shed light on the potential challenges and prospects facing the newly approved spot Bitcoin and Ether ETFs in Hong Kong. According to Sin, mainland Chinese investors are likely to face significant barriers when it comes to accessing these funds due to existing restrictions on investing in virtual assets. Despite ..read more