Author name: Peter

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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Quantum Cats NFT Collection Surges in Value and Dominates Secondary Market Trade Volume

Introduction The launch of Taproot Wizards' Quantum Cats non-fungible token (NFT) series has led to a surge in secondary market activity, with significant trading volume and a remarkable increase in the collection's minimum value. Initially priced at 0.1 bitcoin each, the lowest value of Quantum Cats NFTs now stands at around 0.303 bitcoin or $13,062

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Microstrategy Raises Bitcoin Holdings to 190K BTC — Calls Itself ‘World’s First Bitcoin Development Company’

Microstrategy Now Holds 190,000 Bitcoins Nasdaq-listed Microstrategy has significantly increased its cryptocurrency holdings, now owning a total of 190,000 bitcoins. This includes the acquisition of an additional 31,755 bitcoins since the end of the third quarter. With this development, Microstrategy proudly proclaims itself as the "world's first Bitcoin development company," offering a unique value proposition

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