Since February 2023, the US dollar has experienced its strongest five-day gain, while Bitcoin (BTC) has declined. This is due in part to anticipation that interest rates will stay elevated and increased volatility surrounding Bitcoin’s upcoming April 2023 halving event. According to The Kobeissi Letter, the value of the dollar is expected to grow stronger … Read more
The analysis of a industry expert suggests that despite investor concerns over decreased profits following Bitcoin’s reward halving, the Bitcoin mining sector’s profitability remains robust. This viewpoint has led to a significant drop in Bitcoin mining shares, both in the US and abroad. However, these fears may not be justified. According to Mitchell Askew, the … Read more
According to Bloomberg ETF expert James Seyffart, it’s common for Bitcoin (BTC) exchange-traded funds (ETFs) to experience zero inflows over certain days and this shouldn’t be taken as a sign of the products underperforming or failing. The majority of US ETFs (exchange-traded funds) typically record no new investments on regular days, according to Seyffart’s statement … Read more
Railgun, a crypto privacy protocol, has refuted allegations that it has been utilized by North Korea and other sanctioned entities for laundering cryptocurrencies. They maintain that their zero-knowledge technology makes such activities impossible and claim there is no substantial proof to back up the accusations. As the Railgun platform approaches reaching a total value of … Read more
MATIC traded 23% lower than the same time last week. Wallets holding between 1,000 to 10 million coins increased sharply over the week. The crypto market was drenched in losses as Bitcoin (BTC) and many top alternative coins were unable to halt their price declines. Just like other cryptocurrencies, MATIC experienced a decline, losing approximately … Read more
Andreesen Horowitz, a venture capital company referred to as a16z, announced that they have successfully raised $7.2 billion in funds for investing in various technology domains such as gaming and artificial intelligence. However, they are not allocating additional resources towards cryptocurrency investments at this time. In its strategy for growth, the company plans to invest … Read more