Anoma Foundation is making significant strides in the crypto industry as it seeks to raise $40 million at a $1 billion valuation. Based in Zug, Switzerland, its discussions with potential investors reflect growing confidence in its capabilities and value. This…
Tether Reports $1.3B Profit and $5.2B in First Half of the Year
Tether Holdings Ltd., the operator of the largest stablecoin, has recently reported significant financial milestones. This article delves into Tether’s financial performance, market value, and strategic holdings in US Treasuries, highlighting the company’s influence in the cryptocurrency market. Tether Impressive…
Block Projects Strong Growth with Bitcoin Revenue at $2.6B
Block Inc., under the leadership of Jack Dorsey, has raised its full-year Ebitda outlook following a strong second-quarter performance. Strategic investments in Bitcoin, key business segments like Cash App and Square, and the competitive landscape, highlighting the company’s focus on…
CSOP Launches Inverse Bitcoin ETF in Hong Kong
Hong Kong is set to transform the cryptocurrency investment landscape with the launch of a new Bitcoin exchange-traded fund (ETF) by CSOP Asset Management Ltd. This development allows investors to bet against Bitcoin, offering a novel financial instrument amidst the…
Coinbase faces challenges and opportunities in Q2 results
Coinbase Global Inc. is navigating a challenging landscape as it prepares to release its second-quarter results. Despite expectations for significant revenue growth and a jump in profit, the largest US cryptocurrency exchange faces hurdles due to a drop in market…
Sui Guardians Enhancing Security with Suiet Anti-Scam Initiative
The Sui Foundation is delighted to commend the remarkable efforts of the Sui community, especially the pivotal role played by Suiet in upholding the safety of the Sui ecosystem through the Sui Guardians program. This vital initiative, crafted and overseen…
David Solomon Says Bitcoin Could Compete with Gold for Value
In a recent CNBC interview, Goldman Sachs CEO David Solomon discussed bitcoin’s potential as a store of value, likening it to gold. He acknowledged bitcoin’s speculative nature while praising the innovative blockchain technology behind it. Solomon also highlighted Goldman Sachs’…
Nvidia Surpasses Bitcoin and Ethereum in Market Volatility
Nvidia Corporation has experienced a turbulent year, with dramatic price swings thrilling and alarming investors. A notable 12% rally followed its worst three-month decline, potentially adding $300 billion in market value in one session. This volatility, surpassing even Bitcoin’s, stems…
Grayscale Introduces Bitcoin Mini Trust ETF With Lowest Fees
A new, lower-fee version of the world’s second-largest Bitcoin fund has made its debut in the US, heightening competition among crypto investment vehicles. The Grayscale Bitcoin Mini Trust began trading with an expense ratio of just 0.15%, the lowest among…
Euro CBDC: Will the Digital Euro Give Central Banks Ultimate Control Over Your Money?
The European Central Bank (ECB) is in progress with its plan to introduce a Central Bank Digital Currency (CBDC) known as the Digital Euro. This Euro CBDC initiative has raised huge concerns about potential control over personal finances and privacy. …