Day: November 27, 2024

Babylon Labs teams up with SatLayer to unlock DeFi for Bitcoin

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Babylon Labs has partnered with Castle Island Ventures-backed SatLayer to bring the benefits of Bitcoin staking and restaking to more users. The move aims to offer Bitcoin (BTC) holders the opportunity to explore the decentralized finance ecosystem around the world’s largest and most popular cryptocurrency. Babylon, whose total value locked has surpassed $2 billion, is a leading BTC staking protocol. The platform eyes further liquidity, shared security, and capital efficiency for BTC holders in this partnership, according to a press release. SatLayer will enable this functionality by offering restaking opportunities…

Why exchange-traded funds are a ‘growth engine’ of active management

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Images By Tang Ming Tung | Digitalvision | Getty Images Actively managed exchange-traded funds are a growing trend in the investment space. To that point, investors have pulled money from active mutual funds and sought out actively managed ETFs in recent years. Investors yanked about $2.2 trillion from active mutual funds from 2019 through October 2024, according to Morningstar data. At the same time, they added about $603 billion to active ETFs. Active ETFs had positive annual inflows from 2019 through 2023 and are on pace for positive inflows in…

$15 Trillion Market Cap For Bitcoin? Crypto Firm CEO Predicts Explosive Growth

Este artículo también está disponible en español. A prominent figure in the cryptocurrency space made a bold prediction that Bitcoin could hit a total market capitalization of $15 trillion in the next four years. Pantera Capital CEO Dan Morehead said that global blockchain adoption still lags compared to other global financial assets, saying that blockchain’s untapped potential could drive Bitcoin to an exponential growth in its market capitalization. Related Reading Bitcoin And The $740,000 Target The Pantera executive believes that Bitcoin price could soar to $740,000 per coin, something the…

Brazil Recycling Co-ops Are Helping Turn Plastic Waste into Shoes

In the searing heat at the ACAMTC recycling cooperative south of São Paulo, in Três Corações, Brazil, a group of recycling waste workers known as Catadores prepared bales of discarded plastic for transport. As the group of mostly women worked, they spoke humbly of how important their work is to helping make the planet a cleaner place. “I feel a mix of admiration and sadness,” said Evelini Castro Rocha, financial director of the Rede Sul e Sudoeste de Minas Gerais network of cooperatives. “The work of the Catadores is essential…

Publicly Listed Chinese Firm SOS Commits $50 Million to Bitcoin Investment Amid Market Surge

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SOS Ltd., a company involved in blockchain operations and cryptocurrency, has announced plans to allocate $50 million toward the purchase of bitcoin (BTC). SOS Invests $50 Million in Bitcoin According to the announcement, the initiative aims to bolster the company’s blockchain strategy while leveraging the growing prominence of bitcoin as a digital asset. The decision […] Original

Chinese SOS Ltd to buy Bitcoin worth $50m for reserve

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China-based company SOS Limited plans to tap Bitcoin to support its investment portfolio and extract value from the fast-growing cryptocurrency. SOS CEO and chairman Yandai Wang said the publicly traded firm would purchase up to $50 million worth of Bitcoin (BTC), as approved by the board of directors. According to Wang, SOS holds a “long-term belief in Bitcoin” as a strategic asset and a global store of value.  Plans to build an SOS BTC reserve further showcase the company’s thesis while also expanding its digital asset investments and boosting profits,…

Bitcoin Price Is Mirroring The Same Movements From 2023, Here’s What It Means

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Este artículo también está disponible en español. Crypto analyst Trader Tardigrade has drawn the community’s attention to the fact that the Bitcoin price is mirroring 2023 movements. The analyst further provided insights into what this means for the flagship crypto.  Bitcoin Price Mirroring 2023 Movements In an X post, Trader Tardigrade said that the Bitcoin price stays on track with the 2023 moves. He further remarked that the flagship crypto has just completed the pullback. With the pullback complete, the crypto analyst asserted there will be a surge above 100,000,…

Bitcoin price could surge to $500k, crypto millionaire predicts

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Bitcoin price bounced back on Wednesday, ending a two-day retreat that pushed it near the $90,000 level. Bitcoin’s (BTC) rebound happened after a major court victory by Tornado Cash, a crypto mixer. In a ruling, a three-judge bench said that it was wrong to sanction its smart contract. Coinbase, the biggest crypto exchange in the US was part of the companies that supported the company. Privacy wins. Today the Fifth Circuit held that @USTreasury’s sanctions against Tornado Cash smart contracts are unlawful. This is a historic win for crypto and…

First Dogecoin ETP Launched on Sweden’s Spotlight Stock Market

Landmark moment for dogecoin as first exchange-traded product (ETP) launches on the Swedish Spotlight Stock Market. Traditional Finance Wants a Piece of DOGE The Valour Dogecoin, the first dogecoin (DOGE) ETP accessible in the Nordic region was launched on Tuesday by Valour Inc, a subsidiary of Defi Technologies. The listing on Sweden’s Spotlight Stock Market […] Source CryptoX Portal