Author name: Peter

Vast Bank Withdraws from Cryptocurrency Sector, Closes Mobile App

Vast Bank's Decision to Exit the Cryptocurrency Market Vast Bank, a financial institution based in Oklahoma, United States, has recently made the decision to withdraw from the cryptocurrency market. As part of this strategic shift, the bank will be shutting down its crypto mobile banking application, effective January 31st. This move signifies a change in

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Bitcoin Emerges as ‘Flight to Safety’ Asset, Outshining Gold, Says Cathie Wood

Cathie Wood: Investors Favor Bitcoin Over Gold Amid Financial Uncertainty Cathie Wood, CEO of ARK Invest, believes that there is a notable shift in investment trends, with investors increasingly favoring bitcoin over traditional gold investments. This shift has become more apparent since the introduction of spot bitcoin ETFs, which provide investors with easier access to

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Blackrock’s Ishares Bitcoin Trust (IBIT) Ranks Among Top ETFs in 2024 Inflows

Blackrock's Ishares Bitcoin Trust Attracts Rapid Inflows Blackrock's Ishares Bitcoin Trust (IBIT) has quickly climbed the ranks in the exchange-traded funds (ETFs) market, emerging as one of the top five funds in terms of 2024 inflows in just 17 days. This remarkable achievement highlights the growing interest among investors in cryptocurrency as a legitimate asset

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Bitcoin Technical Analysis: BTC Resilience Maintains Amidst a Balanced Crypto Market

Bitcoin's Consolidation Phase Bitcoin (BTC) continues to exhibit a pattern of consolidation with subdued activity over the last week. BTC's consolidation phase is marginally upward trending, as its price endeavors to surpass $43,500, signaling a consolidation above the 50-day moving average. Concurrently, a closer examination through moving averages and oscillators offers a detailed perspective. Mixed

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Gold: A Sustainable Investment

Introduction In 2023, the demand for gold reached its highest level ever recorded at 4,899t. The growing interest in owning gold is not surprising, as gold has proven to be a reliable asset for preserving portfolios during times of economic, geopolitical, and financial turmoil. In today's uncertain times, this attribute of gold is particularly valuable.

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Paradigm Supports Kalshi in Legal Battle to Offer Prediction Markets in U.S. Congressional Elections

Paradigm Backs Kalshi Against CFTC in Legal Dispute Investment firm Paradigm has come forward to support prediction market platform Kalshi in its ongoing legal battle with the Commodity Futures Trading Commission (CFTC). The dispute revolves around the CFTC's rejection of Kalshi's proposed market, which would enable participants to speculate on the outcome of U.S. Congressional

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