Month: November 2024

XRP Price Bullishness Continues, Analyst Shoots For $1.9 With Next Leg-Up

Este artículo también está disponible en español. The XRP price is consolidating just below the $1.4 mark, but the technical structure continues to show bullish strength. Interestingly,  XRP has been down by about 4.35% in the past 24 hours, reaching a 24-hour low of $1.296, according to Coinmarketcap data.  According to an XRP analysis on TradingView, the technical setup is still pointing to a continued price surge. The analysis suggests that XRP could soon rally further, with a near-term price target set at $1.90. XRP Price Bullishness Continues The XRP price…

Cardano Whales Buy The Dip – Metrics Show Increasing Demand

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Este artículo también está disponible en español. Cardano (ADA) has captured investors’ attention after surging to multi-year highs at $1.15, marking an impressive 245% gain since November 5. This remarkable rally has solidified its position as one of the top-performing altcoins in the current market cycle. As the broader cryptocurrency market undergoes consolidation, Cardano continues to stand out with bullish momentum that could signal further upward movement in the coming days. Related Reading Top analyst and investor Ali Martinez recently shared a technical analysis on X, highlighting a significant accumulation…

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,…