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Bitwise CIO Matt Hougan says that investment advisors are adopting Bitcoin (BTC) exchange-traded funds (ETFs) at a faster rate than any other ETFs in history.
Hougan responds to a post on the social media platform X by macro strategist Jim Bianco claiming that investment advisors’ adoption of the Bitcoin ETFs is “small.”
According to Hougan, Bianco is not correct.
“Jim is wrong here: investment...
Seasoned trader Peter Brandt is outlining a potential price path for Bitcoin that would see BTC massively break out of its price doldrums en route to fresh record levels.
The veteran trader shares a chart with his 737,800 followers on the social media platform X suggesting that Bitcoin is following a parabolic curve pattern on the weekly chart.
Brandt also hints that Bitcoin appears to be...
A closely followed crypto strategist and trader says Solana (SOL) and three additional altcoins are his best picks for longer-term holds.
Pseudonymous analyst Altcoin Sherpa tells his 223,400 followers on the social media platform X that SOL will likely remain in an uptrend as long as it holds $110 as support.
In addition to SOL, the analyst reveals other picks for “longer-term buys,” including...
Financial services behemoth Standard Chartered is launching a digital asset custody service in the United Arab Emirates following the approval of a license from local regulators.
According to a new press release, Standard Chartered has selected the UAE for its product launch due to the region’s well-regarded approach to digital asset regulation and adoption.
Says Bill Winters, Group Chief...
Venture capitalist Chris Burniske thinks that the depressed sentiment that has seeped into the crypto market is not warranted.
The digital asset veteran tells his 299,600 followers on the social media platform X that both market technicals and fundamentals indicate that Bitcoin (BTC) and crypto are gearing up for higher prices despite gloomy trader sentiment.
According to Burniske, the price...
State Street Global Advisors has announced the launch of three new digital asset and “disruptive technology” exchange-traded funds (ETFs).
All three ETFs will be managed by Galaxy Asset Management, an affiliate of Mike Novogratz’s Galaxy Digital Holdings.
In a press release, State Street says it is launching the SPDR Galaxy Digital Asset Ecosystem ETF (DECO), the SPDR Galaxy Hedged Digital Asset...
Bitcoin (BTC) miners based in Russia reportedly mined billions of dollars worth of the top crypto asset by market cap last year.
According to a new Izvestia report, Sergey Bezdelov, the director of the Russian Industrial Mining Association, said at this month’s Eastern Economic Forum that 54,000 Bitcoin worth over $3 billion were mined within the borders of Russia in 2023.
The Bitcoin mining...
Three major players in the crypto space are teaming up to prevent the improper use of USDT, the largest stablecoin by market cap.
Tether says in a new press release that it is teaming up with TRON (TRX) and blockchain intelligence firm TRM Labs to found the first-ever private sector financial crime unit dubbed the “T3 Financial Crime Unit (T3 FCU).”
“Tether, TRON and TRM Labs today announced...
A record-setting number of users claimed Dogs (DOGS) on the layer-1 blockchain The Open Network (TON) during the new memecoin’s recent airdrop, according to the project’s developers.
In a new post on messaging app Telegram, TON developers say that Dogs has become the “largest meme TGE (Token Generation Event) in cryptocurrency history.”
The TON blockchain was originally created by Telegram in...
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AI is one of the most powerful, disruptive industries since the internet.
But with increasing centralization and monopolistic control of companies like OpenAI, it’s moving in a dangerous direction – away from the grassroots.
Per McKinsey’s study in early 2024, about 72% of businesses are using AI in at least some capacity. And 65% of them are using generative...