Siamak Masnavi

News Reporter

Siamak received his PhD in Computer Science from University of London in 1992. He is a freelance writer and software developer.

Articles by Author

US stock market

Fundstrat’s Tom Lee on the S&P 500 Rally: Stocks Are Still ‘A Buy-the-Dip Market’

On Monday, in an interview on CNBC’s “Squawk on the Street,” Tom Lee, Head of Research at Fundstrat Global Advisors, offered a compelling analysis of why the stock market has continued its upward momentum. Lee, who has recently raised his target for the S&P 500 to 6,000, explained the underlying factors driving the current rally, […]
Politics Ripple

Ripple Co-Founder Chris Larsen Donates $10M in XRP to Kamala Harris’ Campaign

Chris Larsen, Co-Founder and Executive Chairman of Ripple, has significantly increased his support for Vice President Kamala Harris’s election campaign by contributing $10 million in XRP, making him the largest individual donor in the crypto industry backing Harris. On Monday, in a post on X, Larsen emphasized Harris’s potential to bring a fresh perspective to […]
Cryptocurrency NFTs RWA Tokenization

Crypto Economy Will Grow to $100 Trillion ‘Over the Next 10 Years’, Predicts Real Vision CEO

Recently, Raoul Pal, Co-Founder and CEO of financial education platform Real Vision, shared his thoughts on how the growing convergence of AI and blockchain could reshape society and the economy. In an X post on October 19, Pal suggested that as AI increasingly takes over traditional tasks, people may turn to speculation on cultural communities […]
Stablecoins

FinTech Firm Stripe Bets Big on Stablecoins in Its Latest and Largest Acquisition

Stripe, a major player in the FinTech space, has reportedly completed its largest acquisition to date, purchasing stablecoin-based payments network Bridge for $1.1 billion. Former TechCrunch editor Michael Arrington confirmed the acquisition in a post on the social media platform X on October 20. Neither Stripe nor Bridge has yet provided an official comment on […]
Bitcoin ($BTC)

Bitcoin Must Be Banned or Taxed to Let Governments Keep Running Deficits, Says Minneapolis Fed Research Paper

Amol Amol and Erzo Luttmer, both associated with the University of Minnesota and the Federal Reserve Bank of Minneapolis, published a working paper on October 17 titled “Unique Implementation of Permanent Primary Deficits?“ A permanent primary deficit refers to a fiscal situation where a government consistently spends more than it earns from its regular income […]
Bitcoin ($BTC)

U.S. SEC Greenlights Listing and Trading of Spot Bitcoin ETF Options on NYSE and Cboe

On October 18, the U.S. Securities and Exchange Commission (SEC) approved two key filings allowing the listing and trading of options on spot Bitcoin Exchange-Traded Funds (ETFs) by both NYSE American LLC and Cboe Exchange, Inc.  NYSE American LLC is a subsidiary of the New York Stock Exchange (NYSE) Group and primarily caters to small-cap […]
Gold

Bank of America Predicts Gold to Shatter Records as Safe Haven Demand Soars

Bank of America strategists have pointed to a growing interest in gold as a safe-haven asset amid rising risks in other traditional options, according to a recent article by Jordan Finneseth for Kitco News. After years of low interest from both retail and institutional investors, gold has recently been setting new record highs. Analysts at […]
Bitcoin ($BTC)

Bitcoin’s Rising Value Enriches Early Adopters at the Expense of Everyone Else: ECB Paper

Dr. Ulrich Bindseil, Director General for Market Infrastructure and Payments at the European Central Bank (ECB), and Dr. Jürgen Schaaf, advisor to the same division, recently published a paper titled “The Distributional Consequences of Bitcoin.” In this paper, the authors analyze how Bitcoin’s rising value impacts wealth distribution and argue that it disproportionately benefits early […]
AI Bitcoin ($BTC)

Bitcoin Miners Face Tough Decisions: AI or HODLing BTC Amid Halving Fallout

Six months after Bitcoin’s April 2024 halving, cryptocurrency mining firms are facing critical decisions as their revenue has been significantly reduced, according to a report by David Pan for Bloomberg News. The halving, which occurs every four years and halves the reward miners receive for verifying transactions, limits Bitcoin’s supply to help control inflation. This […]
Ethereum ($ETH)

VanEck’s $ETH 2030 Price Target Could Drop by Two-Thirds if Ethereum’s Economic Model Does Not Change

On 4 October 2024, Matthew Sigel, Head of Digital Assets Research at global investment firm VanEck, along with investment analysts Patrick Bush and Nathan Frankovitz, published a blog post titled “VanEck Crypto Monthly Recap for September 2024,” where Sigel discussed Ethereum’s recent underperformance compared to Bitcoin (BTC) and Solana (SOL). Sigel stated that ETH is […]
Kraken Wrapped Bitcoin

Kraken Launches Wrapped Bitcoin Token kBTC on Ethereum and OP Mainnet

On October 17, Kraken introduced Kraken Wrapped Bitcoin (kBTC), a new ERC-20 token aimed at increasing Bitcoin’s utility across decentralized applications (dApps) on networks such as Ethereum and OP Mainnet. Each kBTC token is backed 1:1 by Bitcoin and held in custody at Kraken, allowing users to engage with Bitcoin’s value within the decentralized finance […]
Ethereum ($ETH)

ARK Invest Says stETH Is Becoming a Key Reference for Crypto, Like the Fed Funds Rate

On October 15, Lorenzo Valente, a research associate at investment firm ARK Invest, published a research paper to explain why “Ether Stands Out Among Digital Assets.” ARK Invest’s research highlights staked Ether (stETH) as an essential asset in Ethereum’s Proof-of-Stake (PoS) system. It describes Ether (ETH) as the only real yield-bearing digital asset when staked, […]
Bitcoin ($BTC)

Analyst Explains What Could Drive Bitcoin’s Price ‘Above $500,000 Before the Decade Ends’

On October 16, Real Vision’s Chief Crypto Analyst Jamie Coutts shared a bullish outlook for Bitcoin in light of growing institutional support. Coutts emphasized that a significant shift in asset allocation preferences is happening, spurred by BlackRock CEO Larry Fink’s endorsement of Bitcoin. Coutts said that with BlackRock’s Aladdin platform—used by sovereign wealth funds and […]
Robinhood

Robinhood Unveils Desktop Platform for Active Traders, Futures and Index Options Are Coming to Its Mobile App

On October 16, Robinhood said that it had expanded its offerings for active traders by launching Robinhood Legend, a powerful browser-based desktop trading platform. Announced during its HOOD Summit on 16 October 2024, this platform comes with a suite of advanced trading tools, aiming to provide a seamless experience for users who are frustrated with […]
Cryptocurrency

Bitcoin Surges Above $68K, Boosting Crypto Market and Helping Crypto-Related Stocks Like Coinbase, Marathon, and MicroStrategy

Bitcoin surged above the $68,000 level on Wednesday, reaching a peak not seen since July 29 and triggering a broader rally across the cryptocurrency sector. Over the past week, Bitcoin has gained 10.6%, while Ethereum (ETH) has climbed by around 9.9%. Other prominent tokens have also followed suit, with Solana (SOL) gaining 10.2%, and Dogecoin […]
Cryptocurrency

Record Crypto Activity in 2024, Led by Solana’s 100M Active Addresses: Report

The “2024 State of Crypto” report from a16z Crypto, the cryptocurrency-focused arm of the venture capital firm Andreessen Horowitz (a16z), presents an in-depth look at the significant advancements in the cryptocurrency space, revealing an industry that has not only grown but also evolved in key areas like political relevance, infrastructure, and user adoption. One of […]
Bitcoin ($BTC)

Bitcoin Bulls Look to History: Analyst Predicts Strong BTC Returns for the Rest of October

Pseudonymous crypto analyst Aylo recently shared his thoughts on Bitcoin’s historical performance from mid-October onward, highlighting intriguing patterns for both short-term and medium-term holders. Aylo pointed out that Bitcoin has shown positive returns between October 15 and the end of the month in nine out of the last eleven years, making it an appealing period […]
Cryptocurrency

U.S. Senator Elizabeth Warren Says if John Deaton Wins Her Senate Seat, He Will ‘Fight for Crypto’ in Washington

In a highly charged Massachusetts Senate debate on 15 October 2024, Democratic Senator Elizabeth Warren faced off against her Republican challenger, John Deaton. Crypto regulation became a focal point of their clash, with Warren accusing Deaton of prioritizing the interests of the crypto industry over the needs of working-class Americans. She claimed that 90% of […]
Bitcoin ($BTC) Ethereum ($ETH) Gold

‘Debasement Trade’ Driving Demand for Bitcoin and Gold Going Into 2025: JPMorgan Report

JPMorgan analysts have shifted their stance on digital assets, adopting a bullish outlook for 2025. Led by managing director Nikolaos Panigirtzoglou, the analysts outlined key factors driving their optimism in the firm’s “Alternative Investments Outlook and Strategy” report (published on October 11), according to an article by Yogita Khatri for The Block published on October […]
Ripple

Bitnomial’s Upcoming Botanical Platform to Use Ripple’s RLUSD for Settlement of Perpetual Futures

On October 15, Bitnomial, a crypto derivatives exchange company, announced the upcoming launch of its U.S.-regulated perpetual futures trading platform, Botanical. Bitnomial claims this platform will offer a compliant alternative to decentralized exchanges (DEXes) and VPN-based workarounds that are commonly used for perpetual futures trading today. Botanical will allow users to trade perpetual futures, traditional […]

Grayscale’s Proposed ETF Offers Exposure to Bitcoin, Ether, Solana, XRP, and Avalanche

Grayscale Investments has filed to convert its Grayscale Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF), expanding its existing suite of crypto ETFs, according to a report by Helene Braun for CoinDesk. GDLC currently trades over-the-counter and tracks the CoinDesk Large Cap Select Index, offering exposure to five major cryptocurrencies: Bitcoin (BTC), Ether […]

Canary Capital’s Latest Move: Spot Litecoin ETF Filing Follows XRP Push in Crypto ETF Race

Canary Capital Group, a recently established digital asset investment firm led by former Valkyrie Funds co-founder Steven McClurg, has taken another step toward establishing itself as a leader in the spot crypto ETF market in the U.S. On 8 October 2024, the firm filed a Form S-1 registration statement with the U.S. Securities and Exchange […]

Ripple Announces Global Exchange Partners for Its RLUSD Stablecoin, Launch Pending NYDFS Approval

Ripple has revealed its key exchange partners for Ripple USD (RLUSD), its upcoming USD-denominated stablecoin. RLUSD will be accessible to institutions and users through a network of global exchanges and platforms, including Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish. Ripple’s CEO, Brad Garlinghouse, noted that customers and partners have been looking for high-quality, […]

U.S. Stock Market May Be Expensive, but It’s Not Time To Panic Yet: Piper Sandler CIO

On October 14, Michael Kantrowitz, the chief investment officer at Piper Sandler, joined CNBC to share his thoughts on the U.S. stock market. He provided a nuanced view of the current market, acknowledging that although stock prices are expensive, this should not be a reason to become overly bearish. He emphasizes that while most valuation […]

German-Listed Alternative Investment Firm to Issue €30M Bond to Increase Its Bitcoin Holdings

Samara Asset Group (SRAG:GR) has announced plans to issue a senior secured Nordic bond of up to €30 million, aimed at expanding its portfolio through investments in alternative funds and bolstering its Bitcoin holdings. This move comes as part of Samara’s broader strategy to diversify and enhance its financial position, with Bitcoin serving as its […]

Uniswap Labs (And Potentially $UNI Holders) Could Capture $368M in Settlement Fees from Ethereum Validators with L2 Blockchain Unichain

Uniswap is preparing to launch its Layer 2 blockchain called Unichain, designed to enhance scalability for decentralized finance (DeFi) applications. Unichain is currently in the testnet phase and aims to address the high transaction costs and slow speeds commonly associated with DeFi operations on Ethereum. To achieve this, Unichain will feature rapid block times of […]

Michael Saylor Reveals MicroStrategy’s Plan to Become the Leading Bitcoin Bank

According to a report by The Block, in a recent interview with analysts at Bernstein, MicroStrategy’s Co-Founder and Executive Chairman, Michael Saylor, laid out the company’s ambitious vision of becoming the world’s leading bitcoin bank. Since 2020, MicroStrategy has aggressively acquired Bitcoin, leveraging debt and equity to maximize returns. As of September 2024, the company […]

Tesla’s Robotaxi Event Falls Short: Investors Disappointed by Lack of Details

Tesla’s highly anticipated robotaxi event on Thursday night left Wall Street investors disappointed, sending Tesla shares plunging 8.8% on Friday, wiping out $67 billion in market value. The event was expected to detail Tesla’s evolution into a leader in robotics and artificial intelligence, but attendees and analysts felt it lacked the business specifics they were […]

Cryptocurrency Adoption Surges in Latin America, Led by Argentina and Brazil: Chainalysis Report

Chainalysis, in a blog post published on 9 October 2024 — based on an excerpt from their recent 2024 Geography of Cryptocurrency Report — revealed that Latin America is the fifth largest region in cryptocurrency activity, contributing 9.1% of the total value received between July 2023 and June 2024. Chainalysis highlighted that the region received […]

IOG CEO: Cardano (ADA) ‘Wants To Be a Real Cryptocurrency and Not the Patron of BlackRock and Wall Street for Number Go Up Preferences’

Charles Hoskinson, co-creator of Cardano (ADA), addressed the recent shift in sentiment surrounding Cardano in a post on X on October 10. According to Hoskinson, the negative discourse is not indicative of failure but rather a consequence of the implementation of the Voltaire governance phase. He suggested that long-standing issues, such as unmet roadmap objectives, […]

Stripe Now Allows Business to Easily Accept USDC Payments on Ethereum, Solana, and Polygon

On 9 October 2024, Stripe announced a new feature, Pay with Crypto, which allows U.S.-based businesses to accept stablecoin payments that automatically settle as fiat in their Stripe balance. This service, currently in a limited public preview, is designed to simplify the process of accepting cryptocurrency by removing the complexities of holding or converting it […]

Ripple’s ‘Bank-Grade’ Custody Solution Now Features Integration With XRP Ledger (XRPL) for Tokenizing RWAs

Ripple announced several updates to its Ripple Custody platform on 10 October 2024, aimed at enhancing the infrastructure used by fintechs and crypto businesses to manage digital assets. Ripple Custody, described as a bank-grade digital asset custody solution, now offers new features and functionalities, including transaction screening services, improved security options, and enhanced integrations with […]

Crypto Derivatives Exchange Bitnomial Challenges U.S. SEC Over Jurisdiction in XRP Futures Case

On 10 October 2024, Bitnomial Exchange LLC filed a complaint in the United States District Court for the Northern District of Illinois, seeking declaratory and injunctive relief against the U.S. Securities and Exchange Commission (SEC). The complaint centers on what Bitnomial claims is the SEC’s overreach in attempting to regulate its XRP US Dollar Futures […]

U.S. SEC Charges Cumberland DRW for Operating As an Unregistered Crypto Dealer

On 10 October, the U.S. Securities and Exchange Commission (SEC) announced that it had filed a civil enforcement action against Chicago-based Cumberland DRW LLC, the crypto-focused subsidiary of DRW Holdings, LLC, a diversified trading firm that engages in proprietary trading across various asset classes. The SEC claims that Cumberland operating as an unregistered dealer in […]

Cardano’s First Legally Enforceable Loan Contract Signed in Argentina, Any Breach Can Be Enforced in $ADA

Cardano Ambassador Mauro Andreoli announced on October 8, via social media platform X, that he and Lucas Macchia had signed the first legally and judicially enforceable contract on the Cardano network. This agreement, compliant with the laws of the Argentine Republic, represents a major step forward for the adoption of blockchain technology in legal transactions. […]

Traditional Hedge Funds Expand Crypto Exposure Amid Regulatory Clarity and Spot ETF Launches: AIMA Report

Nearly half of hedge funds traditionally focused on standard asset classes now have exposure to cryptocurrencies, according to an article by Olga Kharif published earlier today by Bloomberg. According to Bloomberg, a recent survey by the Alternative Investment Management Association and PwC found that 47% of hedge funds investing in traditional markets have ventured into […]

Spot Bitcoin ETF Options in the U.S. Likely Coming in Q1 2025, Predicts Bloomberg Analyst

According to James Seyffart, an analyst at Bloomberg Intelligence, options on Bitcoin exchange-traded funds (ETFs) are expected to launch in the U.S. by the first quarter of 2025. Per a report by Alex O’Donnell for Cointelegraph, speaking at the Permissionless conference on October 9, Seyffart said that while it’s possible options could be approved before […]

U.S. SEC Chair Expresses Doubts About Crypto’s Role as a Mainstream Payment Method

At an event at NYU School of Law, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler expressed skepticism about the future of Bitcoin and other cryptocurrencies as mainstream payment methods, according to a report by Cheyenne Ligon for CoinDesk. Gensler argued that it is unlikely digital currencies will ever play a significant role as […]

U.S. Federal Prosecutors File First-Ever Criminal Charges for Crypto Market Manipulation

In a press release issued on October 9 by the U.S. Attorney’s Office for the District of Massachusetts, federal prosecutors announced criminal charges against 18 individuals and entities for engaging in widespread fraud and market manipulation within cryptocurrency markets. These charges mark the first-ever criminal case targeting market manipulation and “wash trading” in the digital […]

Bitwise CIO Matt Hougan Outlines Key Conditions for Bitcoin to Reach $80,000 by Year-End

Matt Hougan, Chief Investment Officer at Bitwise Asset Management, shared his thoughts on the crypto market in a memo published on October 9, detailing what needs to happen for Bitcoin to hit $80,000 by the end of the year. According to Hougan, several factors must align for this price target to be achieved, with one […]

Crypto Analyst Says He Has a “Weird” Feeling About the Market: “Something Isn’t Right”

Earlier today, a prominent crypto analyst shared his concerns about the current market conditions, expressing that he has a “weird” feeling about the space. Posting on the social media platform X, the analyst explained that although it’s difficult to fully describe, he feels something isn’t quite right with the market. The analyst outlined several reasons […]

Canary Capital Files Registration Statement with U.S. SEC for Spot XRP ETF

According to a report by Isabelle Lee for Bloomberg, crypto investment firm Canary Capital filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on October 8 for a spot XRP exchange-traded fund (ETF), marking the firm’s first attempt at launching an ETF. This move comes just days after Bitwise Asset Management formally […]

Crypto.com Takes Legal Action Against U.S. SEC, Claims Regulatory Overreach

On October 8, Crypto.com announced that the company had filed a lawsuit against the U.S. Securities and Exchange Commission (SEC). The exchange explained that the lawsuit is a response to a Wells notice issued by the SEC, which Crypto.com argues is part of the agency’s overreach in regulating the crypto industry.  Kris Marszalek, Co-Founder and […]

BlackRock’s Rick Rieder on Why the Fed Must Keep Cutting Rates Despite a Strong September Jobs Report

The U.S. economy continues to surprise analysts, as the September 2024 jobs report showed far stronger-than-expected job growth. According to a report by CNBC, nonfarm payrolls surged by 254,000, surpassing the Dow Jones forecast of 150,000, while the unemployment rate fell to 4.1%. Despite this strong data, Rick Rieder, BlackRock’s Chief Investment Officer of Global […]

Ripple Launches Its Managed End-to-End Crypto-Powered Payments Solution in Brazil

Ripple has officially launched Ripple Payments in Brazil, partnering with Mercado Bitcoin, the largest cryptocurrency exchange in Latin America, to streamline cross-border payments. Ripple, founded in 2012, is a provider of digital asset infrastructure focused on improving financial transactions globally. Through its use of blockchain technology and the XRP Ledger, Ripple enables faster, more efficient […]

Visa Launches New Blockchain Platform Enabling Banks to Issue Fiat-Backed Tokens

Visa has introduced a new product aimed at revolutionizing the way banks engage with blockchain technology. The Visa Tokenized Asset Platform (VTAP) will allow financial institutions to issue fiat-backed tokens on blockchain networks. The platform is designed to help banks seamlessly bridge traditional fiat currencies with emerging blockchain-based assets. According to Visa’s announcement, VTAP offers […]

Swift to Enable Central and Commercial Bank Live Trials of Digital Currency and Digital Asset Transactions in 2025

Swift has announced a major step toward integrating digital assets with traditional financial systems, as stated in its press release issued on 3 October 2024. Swift is a global cooperative and the leading provider of secure financial messaging services, connecting over 11,500 banking and securities organizations, market infrastructures, and corporate customers in more than 200 […]

XRP Price Tumbles After SEC Files Notice to Appeal to Overturn July 2023’s Landmark Ruling on Ripple’s Token Sales

The U.S. Securities and Exchange Commission (SEC) has moved to challenge the court’s ruling in its ongoing case against Ripple Labs, according to a report by Nikhikesh De for CoinDesk. On Wednesday, the SEC filed a “notice of appeal” with the Second Circuit Court of Appeals, roughly two months after Judge Analisa Torres issued a […]

Geopolitical Tensions Make Gold, Oil, and Defense Stocks Must-Have Hedges, Says Top Wealth Manager

On 1 October 2024, Aadil Zaman, a partner at Wall Street Alliance Group, joined CNBC’s Power Lunch to share his thoughts on navigating the current market environment. With geopolitical tensions escalating, especially in the Middle East, and the Federal Reserve monitoring the economy, Zaman outlined a strategy that emphasizes hedging with gold, energy, and defense […]

CME Group Launches Bitcoin Friday Futures with Record-Breaking First Day of Trading

On October 1, CME Group, the world’s largest derivatives marketplace, announced the successful launch of its highly anticipated Bitcoin Friday Futures (BFF). The new product saw 31,498 contracts traded across two different contract weeks on its first day, making it the company’s most successful crypto futures launch to date. According to Giovanni Vicioso, Global Head […]

Why Bitcoin Is ‘A Valuable Macroeconomic Barometer,’ Explains Analyst Sam Callahan

A recent research report by Sam Callahan, commissioned by Lyn Alden, explores the strong correlation between Bitcoin’s price and global liquidity. Sam Callahan is a prominent figure in cryptocurrency, particularly known for his expertise in Bitcoin. He is the Lead Analyst at Swan Bitcoin, a platform dedicated to Bitcoin education, investment, and accumulation through recurring […]

Binance CEO Richard Teng on Navigating Crypto Regulation and Accelerating Adoption

In a candid interview on CoinDesk TV, Richard Teng, CEO of Binance, opened up about his role at the world’s largest crypto exchange, the company’s relationship with global regulators, and his outlook on the future of cryptocurrency adoption. Over the course of the discussion, Teng shared insights into the challenges and successes Binance has faced, […]

Gold Shines Bright, but VanEck Portfolio Manager Sees Potential in Undervalued Gold Stocks

In a recent blog post, Imaru Casanova, portfolio manager at VanEck, highlighted the intense market volatility witnessed in August 2024. Casanova noted that the month began with a significant global sell-off, primarily triggered by an unexpected rate hike from Japan’s central bank, which abandoned decades of near-zero rates. She pointed out that this move led […]

If Meta Manages to Make a Consumer Version of Its Orion AR Glasses, Apple’s Vision Pro Headset Could Look Very Silly

On September 25, Meta announced the unveiling of Orion, its advanced augmented reality (AR) glasses, marking a significant step forward in the AR industry. According to Meta, Orion is designed to bridge the gap between the physical and digital worlds, offering users the ability to stay connected without sacrificing their presence in the real world. […]

U.S. SEC Review Propels BNY Mellon Closer to Offering Crypto Custody for Spot Bitcoin and Ether ETFs: Report

Bank of New York Mellon Corp. (BNY Mellon) is progressing towards offering custody services for Bitcoin and Ether held by exchange-traded product (ETP) clients, according to a report by Olga Kharif and Lydia Beyoud for Bloomberg News. This comes after a review by the U.S. Securities and Exchange Commission’s Office of the Chief Accountant, which did not […]

OpenAI CEO Sam Altman Says Superintelligence Might Be Just ‘A Few Thousand Days’ Away

Sam Altman, the CEO and Co-Founder of OpenAI, shared his vision for the future in a post titled “The Intelligence Age” published on his website on September 23. In his writing, Altman posits that within the next few decades, humanity will achieve feats that would seem like magic to our ancestors. The OpenAI chief argues […]

Google Co-Founder Sergey Brin: “We Were Too Timid To Deploy Our AI Models, and for a Lot of Good Reasons”

At the recent All-In Summit 2024, Google Co-Founder Sergey Brin shared his thoughts on the current state of AI and Google’s involvement in advancing this technology. Brin, who recently returned to Google to work on AI, opened by emphasizing his excitement for the “mind-blowing” progress made in the field. He noted that AI has evolved […]

VanEck Is Going to Close and Liquidate Its Ethereum Futures ETF (EFUT)

Global asset manager VanEck has announced plans to close and liquidate its Ethereum futures ETF, known as the VanEck Ethereum Strategy ETF (EFUT). The Board approved the decision to dissolve the fund of Trustees of VanEck ETF Trust on 5 September 2024. VanEck regularly evaluates its ETF offerings based on multiple factors, including performance, liquidity, […]

Michael Saylor on Why Investors Might Prefer MicroStrategy Stock (MSTR) Over Bitcoin ETFs for BTC Exposure

Earlier today, in an interview on CNBC’s “Squawk Box,” Michael Saylor, MicroStrategy’s co-founder and executive chairman, extensively discussed the company’s Bitcoin investment strategy and its broader business initiatives. Saylor highlighted how MicroStrategy has remained committed to its Bitcoin strategy, even amid market volatility. According to Saylor, the company has consistently added to its Bitcoin position […]

Bitcoin Drops Below $55K Amid U.S. Jobs Report Miss and Recession Fears

As of 2:50 p.m. UTC on 6 September 2024, Bitcoin is trading at $54,746, marking a 3.4% drop over the past 24 hours. This significant decline in Bitcoin’s value seems closely tied to the disappointing U.S. jobs data for August 2024, which was released earlier in the day. The broader cryptocurrency market, which typically follows […]

Most Read

Bitcoin’s Rising Value Enriches Early Adopters at the Expense of Everyone Else: ECB Paper

  • 20 Oct 2024

VanEck’s $ETH 2030 Price Target Could Drop by Two-Thirds if Ethereum’s Economic Model Does Not Change

  • 18 Oct 2024

Record Crypto Activity in 2024, Led by Solana’s 100M Active Addresses: Report

  • 17 Oct 2024

Key Technical Indicator Suggests Bitcoin Price Could Skyrocket to $233,000 by Early 2025

  • 16 Oct 2024

German-Listed Alternative Investment Firm to Issue €30M Bond to Increase Its Bitcoin Holdings

  • 14 Oct 2024