Author: Chirag
To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation. If Bitcoin were to lose half its present value — which is not unlikely, given its extremely volatile past behavior — Tesla will lose around A$1 billion. As Elon Musk owns about a fifth of Tesla, he would then be down A$200 million. In contrast, I own no Bitcoin so I will lose nothing. Nor is Musk doing his fans any favors. As a “rock star CEO” with more than 40 million followers…
To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation. If Bitcoin were to lose half its present value — which is not unlikely, given its extremely volatile past behavior — Tesla will lose around A$1 billion. As Elon Musk owns about a fifth of Tesla, he would then be down A$200 million. In contrast, I own no Bitcoin so I will lose nothing. Nor is Musk doing his fans any favors. As a “rock star CEO” with more than 40 million followers…
To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation. If Bitcoin were to lose half its present value — which is not unlikely, given its extremely volatile past behavior — Tesla will lose around A$1 billion. As Elon Musk owns about a fifth of Tesla, he would then be down A$200 million. In contrast, I own no Bitcoin so I will lose nothing. Nor is Musk doing his fans any favors. As a “rock star CEO” with more than 40 million followers…
On March 19, Solana (SOL) experienced a notable decline of 15.9%, dropping to a five-day low of $166 after a week-long rally that briefly pushed it close to $210, marking a new all-time high market cap of approximately $92 billion.As of the current time, SOL has managed to recover some of its losses as market sentiment turned bullish after a full day of decline. The token is currently trading at around $174, with a market cap of approximately $77 billion, according to data from CryptoSlate.Solana previously saw similar low figures on March 14, when it traded as low as $162…
Analysts foresee a significant surge in Bitcoin exchange-traded funds (ETFs) following their launch in Hong Kong, attributed to the adoption of in-kind creation models. Bloomberg’s senior ETF analyst, Eric Balchunas, highlighted Hong Kong’s move towards in-kind creation for spot Bitcoin ETFs, suggesting potential increases in assets under management (AUM) and trading volume in the burgeoning region.Balchunas’s perspective was influenced by a research note from Bloomberg ETF analyst Rebecca Sin, indicating that the in-kind model presents an “opportunity for the market.”According to Sin:”Hong Kong is pursuing in-kind creation of the ETF, unlike the US, where transactions are cash-only. In the US,…
Financial giant HSBC (HSBA) is introducing gold tokenization for ordinary investors in Hong Kong, proudly declaring itself the first bank to tokenize a real-world asset on a blockchain platform targeting the retail market. The HSBC Gold Token, created on the bank’s Orion digital assets platform, is accessible through HSBC Online Banking and the HSBC HK Mobile App, as announced in a press release on Wednesday. Banks and financial institutions are increasingly tokenizing various real-world assets (RWA) on blockchains, including both private ledgers and public networks like Ethereum, in a process known as tokenization.Galaxy Digital (GLXY), the crypto financial services firm…
Bitcoin mining proved to be more profitable in February as the cryptocurrency experienced a 15% surge in value. Despite the nearly doubled hashrate compared to a year ago, publicly traded miners witnessed a decline in market share, according to Jefferies.The investment bank adjusted its price target for Marathon Digital to $24 while raising Argo Blockchain’s to $1.50. Jefferies attributed the profitability increase to Bitcoin’s price hike of 15% in February, coupled with a slower 9% growth rate in network hashrate.Publicly listed North American mining companies accounted for a smaller share of Bitcoin production, dropping to 17.5% from 19% the previous…
Securing early-stage investment opportunities can pose challenges for retail investors. Dmytro Kutsenko, the founder and CEO of WhiteList Zone, highlights the complexities of existing over-the-counter (OTC) whitelist markets, which often operate in a gray area with a high risk of scams. He notes, “It is very easy to lose your money or miss out on an interesting project. And if you want to invest in a Web3 project with tokens, you have to lock up funds across numerous launchpads and do a number of other activities. Whitelisting for new Web3 projects is a real struggle.”Kutsenko’s project, WhiteList Zone, seeks to…
Cryptocurrency exchange KuCoin asserts that its users’ assets are secure despite facing criminal and civil allegations from the United States Southern District of New York (SDNY) prosecutors and the Commodity Futures Trading Commission (CFTC) on March 26.”KuCoin is operating smoothly, and our users’ assets are completely safe,” the exchange stated. “We are aware of the reports and are investigating the details with our legal team. KuCoin respects the laws and regulations of various countries and strictly adheres to compliance standards.” Shortly after, the exchange tweeted again, seemingly unaffected by the day’s events:”Did you mean KuCoin? That’s where I discovered my…
Insurance brokerage firm Marsh has introduced a digital asset custody insurance product with a capacity of up to $825 million, marking it as the largest facility of its kind. The firm, a part of the professional services giant Marsh McLennan and boasting a workforce of over 45,000, revealed this in a press release on Tuesday.Marsh stated that this new insurance product is designed to assist organizations managing digital assets stored offline in cold storage, as well as other custody solutions like Multi-Party Computation (MPC), where cryptographic keys are divided into shards.Historically, crypto insurance offerings have been scarce, with many exchanges…