Month: February 2024

Cathie Wood advocates for BTC as next safe-haven asset

Cathie Wood, ARK Invest CEO, has been vocal about her belief in Bitcoin’s potential to overshadow gold as the preferred safe-haven asset.  Wood’s insights, shared during a YouTube update, highlighted Bitcoin’s performance during last year’s regional bank crisis in March, where it saw a remarkable 40% price increase, contrasting with the struggles faced by the regional bank index. The trend, she noted, is resurfacing as Bitcoin gains momentum while the regional bank index faces volatility. Her observations align with a growing sentiment that Bitcoin is increasingly viewed as a ‘flight…

Solana Suffers 11th Outage In 2 Years, SOL Price Drops 3%

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The Solana blockchain network is currently experiencing an outage, marking its 11th such incident in the past two years. As of the latest updates, Solana’s mainnet-beta has been non-operational for about two hours, with block progression coming to a standstill. Solana is down for 2 hours now | Solscan Solana Network Comes To A Standstill The issue was first noticed when Solscan and OKLink, two prominent block explorers, indicated a lack of new transactions on the network. The last recorded transaction was at 9:52 am UTC. Upbit, a crypto exchange,…

Uniswap and Tron investors exploring Kelexo presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Kelexo (KLXO) plans to reshape decentralized lending and offers opportunities for people to participate in governance and revenue-sharing initiatives. Over 5,000 people have registered for the KLXO presale. Uniswap innovating Uniswap (UNI) is up by around 55% since October 2023.  The uptrend is driven by the excitement around the upcoming release of Uniswap v4.  Uniswap is committed to innovation and making decentralized finance better.  Experts predict UNI will reach…

Germany’s BaFin Greenlights Crypto Carbon Credits Exchange Created by Neutral and DLT FInance

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ARK Invest CEO Cathie Wood Believes Bitcoin Will Overtake Gold, Here’s Why

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ARK Invest Chief Executive Officer (CEO) and Chief Information Officer (CIO) Cathie Wood, has expressed her optimism about Bitcoin’s capabilities to potentially rise above gold, referring to the cryptocurrency as ‘the digital gold.’ Bitcoin Versus Gold Appearing in a recent interview on ARK Invest’s official YouTube channel, Wood and ARK Invest’s Chief Futurist, Brett Winton, delved into a lengthy discussion about Bitcoin’s historical and most recent price movements in relation to gold.  Describing Bitcoin as both a “store of value” and a “risk off asset,” Wood emphasized the cryptocurrency’s notable…

Bitcoin Could Drop in the Short Term

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Bitcoin dropped on Tuesday after experiencing low volatility over the past few days, and traders are expecting the cryptocurrency to fall more in the coming weeks. Ethereum was little changed while Optimism’s OP jumped 5% on the day. According to B2C2, an over-the-counter market maker, BTC has witnessed a preference for buyers in the past weeks and could be set to drop in the short-term. “In recent market observations, bitcoin has shown a noticeable preference for buyers, despite the cryptocurrency’s price hovering within a tight range between $42,000 and $43,500…