The Nasdaq 100 index, one of the most closely followed stock market indices, recently experienced its first significant shakeup since a prominent strategy joined its ranks. Despite experiencing volatility and changes in market landscape, this strategy managed to thrive during transition, providing investors and analysts alike with valuable insights. This change typically involves changes to...
Bitcoin Is Failing Its Crucial Test: An 11-Month Decrease Demonstrates the “Store of Value” is Incomplete Now
Bitcoin was once heralded as an innovative digital asset with the potential to revolutionize finance, yet over the last 11 months its value has seen an undue decline, prompting many to question its ability to fulfill its primary promise as a “store of value”. While initially promoted as an inflation hedge and digital alternative to...
YouTube Now Paying Creators in Crypto: Offering $100B Path to Finally Exit Banks
YouTube recently made headlines when they announced they will begin paying content creators using cryptocurrency, marking an unprecedented step into digital payments and financial independence for creators. YouTube embraced blockchain technology in their decision to integrate cryptocurrency payments onto its platform – capitalizing on not only tapping into its booming cryptocurrency market, but also positioning...
Crypto Industry, Trade Unions Spar over Multi-Trillion Retirement Funds
Crypto industry and trade unions are at odds in an ongoing discussion over the allocation of multi-trillion dollar retirement funds. This clash, driven by diverging perspectives on future investment and economic stability, highlights the ongoing tension between traditional financial systems and emerging decentralized technologies. As digital assets like Bitcoin and Ethereum become more mainstream, many...
Figure Technology Files Second Initial Public Offering to Expand Native Equity Issuance in Solana
Figure Technology, a pioneer of decentralized finance (DeFi) and blockchain-based solutions, recently filed what’s being termed its “second IPO” to bring native equity issuance onto the Solana blockchain. This bold initiative leverages blockchain technology with equity issuance for company fund raising while giving investors access to equity markets through Solana network – something no other...
Paxos, Fidelity, Ripple, BitGo and Circle Secure US Trust Bank Approvals
Leading financial technology firms Paxos, Fidelity, Ripple, BitGo and Circle have recently made headlines by receiving approvals from U.S. regulators to operate as trust banks – marking an historic achievement for the cryptocurrency industry and legitimizing cryptocurrency industry services in the eyes of regulators, investors and consumers. This move marks an important step toward regulatory...
China’s Massive Gold Spree Unintentionally Exposes an Important Development in How Smart Money Absolves Risk
Recent months have witnessed China embark on an unprecedented gold buying spree, with their central bank purchasing significant quantities at a time when global economic uncertainty is on the rise. Though China may view their strategy as part of an effort to diversify reserves over the long term, their massive accumulation of gold has inadvertently...
Pakistan and Binance Announce Agreement to Explore Tokenization of $2B State Assets: Reuters
Pakistan’s government recently took an historic step to demonstrate their dedication to blockchain technology by signing an MOU with cryptocurrency exchange giant Binance to explore tokenizing an estimated $2 billion of state assets. According to reports by Reuters, this partnership aims to use blockchain’s potential for transparency, liquidity, and accessibility of public sector assets across...
Bitcoin Slump Below $90K on AI Worries as Nasdaq and Crypto Stocks Fall
Bitcoin has seen its value fall precipitously below $90,000. This dramatic shift comes amid increasing concerns over artificial intelligence (AI) developments on cryptocurrency market and their potential disruption of industries. As a result, both Nasdaq-listed stocks in tech and crypto sectors as well as crypto funds have seen investors adjusting their portfolios accordingly to deal...
Bitcoin Treasuries Suffer Quarter 4 Slump; Largest Holders Expand Holdings
As 2023 enters its final quarter, Bitcoin treasuries–the collective holdings of companies, institutions, and other large entities–have shown signs of stagnation. Yet despite this plateau, institutional players remain committed to Bitcoin; continuing their acquisition strategy known as “stacking sats.” These developments reveal an interesting dynamic in the cryptocurrency market: while overall market interest may have...