Financial Analyst States Bitcoin Is ‘Not a Hedge Against Anything’
Jacob King, a financial analyst at Whalewire, has stated that he doesn’t consider bitcoin a…
Month: August 2024
Capula Management Invests $464 Million in Bitcoin ETFs, Signaling Institutional Interest
Capula Management, one of the largest hedge funds in Europe with assets under management (AUM)…
Coinshares Sees $528 Million Outflow From Crypto Products Due to Recession Fears
Coinshares, a digital asset investment firm, has reported a significant $528 million outflow from its…
East African Scientists Use AI for Accurate Extreme Weather Forecasts
Climate scientists in East Africa are integrating artificial intelligence (AI) into traditional weather forecasting methods…
Google Pay, Amazon Pay, Walmart-Backed Phonepe Eye Entry Into RBI’s Digital Rupee Program
Google Pay, Amazon Pay, and Walmart-backed Phonepe are reportedly seeking to join India’s central bank…
French Regulator Begins Accepting Crypto Service Provider Applications Ahead of MiCA Regulation
The French financial regulatory authority has begun accepting applications for authorization as a crypto asset…
Wharton Professor Calls for Emergency Rate Cut Following Market Downturn
Jeremy Siegel, a finance professor and chief economist, has called for an emergency 75 basis…
Market Panic: Bitwise CIO Reflects on Bitcoin’s Resilience Amid Market Turmoil
The chief investment officer at asset management firm Bitwise has addressed the current market downturn,…
Saudi Arabia Becoming Hub for Web3 Startups Seeking Investment, Report Says
Saudi Arabia’s emergence as a top venture capital investment destination in the Middle East and…
Feasibility of Trillion-Dollar Platinum Coin Discussed by US Government, FOIA Documents Show
The trillion-dollar coin, an idea that surged as a solution to raising the U.S. debt…
TOKEN2049 Singapore Set to Be World’s Largest Web3 Event With 20,000 Attendees And Over 500 Side Events
PRESS RELEASE. SINGAPORE — 5th August, 2024 — TOKEN2049, the world’s largest crypto event, announced…
Goldman Sachs Raises US Recession Risk to 25%
Global investment bank Goldman Sachs has increased the likelihood of a U.S. recession within the…
Solana Plummets 30% as AltCoins Lead Crypto Market Downturn
Solana, Altcoins, and Memecoins Experience Sharp Declines The cryptocurrency market is in turmoil, with altcoins…
Bitcoin Falls Below $50K; Crypto Liquidations Reach $1B
Bitcoin (BTC-USD) briefly fell below $50,000 on Monday for the first time since February, marking…
Crypto-Related Stocks Slide Amid Global Market Turmoil
U.S. equities have joined the global downturn, following sharp declines across Asia and Europe, with…
