In simpler terms, the amount of money invested in fintech businesses globally decreased by 16% from the last quarter of 2023 to the first quarter of 2024, reaching a seven-year low. Surprisingly, there was an 11% increase in funding for ventures as a whole during this period. CB Insights, an analytics company, published their Q1 … Read more
Economic uncertainties drive investors to Bitcoin amid rising debt and geopolitical tensions. Experts highlight Bitcoin’s resilience and potential as a hedge against market volatility. In the face of conflicting economic indicators, there continues to be intense discussion: Is the economy thriving or struggling? Although employment figures have enhanced and inflation has decreased, mounting debts and … Read more
Circle, the company behind the stablecoin US Dollar Coin (USDC), has broadened its reach to include zkSync, an Ethereum zero-knowledge layer-2 solution. In simpler terms, Circle now supports using USDC on zkSync’s Ethereum network, which is a scalability solution that enhances privacy and efficiency. Circle announced on April 9 that numerous prominent ecosystem apps and … Read more
Arkham, a blockchain analysis company, has accused rivals of creating confusion and doubt (FUD) following queries about the transfer of their ARKM tokens. A few days before Arkham refused to identify its opposing rivals, Nansen’s post revealed that Arkham transferred approximately $56 million worth of ARKM (25.2m units) to unmarked wallets and the cryptocurrency exchange … Read more
As the Bitcoin halving approaches, professional traders and investors are closely monitoring changes within the cryptocurrency’s ecosystem. Historically, excitement builds up around these events, with a bullish trend emerging in the months following rather than right on the day of the halving itself. This is due to the gradual effect of decreased mining rewards on … Read more
At the Bitcoin Policy Summit in Washington, D.C., Chair of the US House Financial Services Committee, Representative Patrick McHenry, expressed optimism about the possibility of passing digital asset legislation before he leaves politics, which he has announced will be after the 2025 elections. McHenry pointed out that there isn’t a clear definition or legal framework … Read more