Month: September 2023

Matrixport Sees Discounted Crypto Stocks as Better Investment than Bitcoin

Matrixport still maintains a positive outlook for BTC even as the US SEC has delayed a decision on the seven applications for spot Bitcoin ETF on its desk. According to a recent Matrixport report, the underperformance of listed crypto companies suggests that there could be a huge investment prospect in the Bitcoin (BTC) mining space that investors can take advantage of. The report went on to compare the gains that investors will see with exposure to only Bitcoin and a diversified portfolio. BTC is currently trading at $26,474.99 but if…

Gemini Pulled $282M Earn Users’ Funds From Genesis Last Year to Protect Customers

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Under-the-Radar Altcoin Soars Over 200%

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The Loom Network (LOOM), a multichain interoperability platform geared towards scaling high-performance decentralized applications (DApps), has surprised many with a 264% rally in just a month. Adding to the excitement, the renowned crypto exchange platform, Gate.io, has recently announced its decision to list the altcoin LOOM for trading.  As of the latest figures from CoinGecko, LOOM stands at a trading price of $0.145481, marking an impressive 28% rally within the past 24 hours and a 148% surge over the last seven days. Gate.io Embraces Altcoin Momentum The surge in the…

Sam Bankman-Fried’s Temporary Release During Trial Denied by Judge

As to Cohen’s argument that Bankman-Fried’s case is complex, meaning he deserves ample time outside of prison to strategize, Kaplan again demurred. While the FTX case “involves subjects that to the lay world are pretty arcane,” like cryptocurrency and finance, said Kaplan, “the issues in this case are pretty straightforward: Was there fraud, or wasn’t there?” Source

Bitcoin—a risk asset and safe haven—is worth owning at these levels, says Wolfe Research

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Bitcoin has long perplexed investors with its ability to act as both a store of value and a high risk asset, but Wolfe Research says it’s worth owning either way and to lean into the nuance. There’s been a fog over the price of bitcoin this year. It’s remained in a tight range between $25,000 and $30,000 and fluctuated between acting like a risky tech stock and a type of digital gold. It isn’t the first time bitcoin’s narrative has wavered, and it may be time for traders to embrace…

Ethereum Staking Surges to 7.4M ETH and Counting

One challenge that Ethereum is contending with in the wake of the Merge is that with growing interest in the network and growing desire to participate in it, there are now 840,000 validators. While this is beneficial to the core principle of decentralization, the sheer number of machines and their wide-ranging geographic dispersion inevitably leads to strain on the network, resulting in increased latency and longer waits to reach consensus. Source

Radix Unveils Babylon Mainnet Upgrade to Bolster Developer Experience

The Babylon mainnet upgrade brings improved security measures to the Radix network. Radix Publishing, a publisher of code for the Layer 1 smart contract platform Radix has announced the completion of its long-awaited Babylon mainnet upgrade. This development marks the end of the Olympia era and is set to prove to be a game-changing moment for both Web 3.0 and the broader Decentralized Finance (DeFi) space. Undoubtedly, the completion of the Babylon mainnet upgrade is a major achievement for Radix. This is because it ushers in a significant step forward…

What Happens To XRP Price If Ripple Stock Climbs To $600?

One thing that has emerged that could influence the XRP price has been the possibility of Ripple carrying out an Initial Public Offering (IPO). This would mean that shares of the crypto firm would become publicly tradable like that of Coinbase’s COIN stock. However, even more prominent among investors is the possibility of how high the price of the shares could trade. Financial Expert’s Ripple Video Resurfaces The rumors had first begun with some members of the XRP community talking about a possible IPO. Like rumors are wont to do,…