Grayscale Investment Trust has revealed that there is an increased institutional interest in cryptocurrency. According to a recently published tweet, Grayscale's assets under management, invested in major cryptocurrencies, have reached $5.6 billion: Source: Twitter As a comparison, Grayscale had $2.2 billion invested in cryptocurrency in the fi...
On July 29th, Pantera Capital, one of the leading investment firms and hedge funds focused on cryptocurrencies, released a letter to its investors, saying that "the United States printed more money in June than in the first two centuries after its founding. Last month the U.S. budget deficit — $864 billion — was larger than the total debt incurr...
Recent news about Ethereum was among the key events in the cryptocurrency market last week. On July 23rd, Danny Ryan posted an update about the long-awaited and highly ambitious ETH 2.0 upgrade. According to the post, the Medalla multi-client testnet will launch on August 4th. It is considered to be a final test before the mainnet launch of the ...
Billionaire and CEO of Tesla and SpaceX Elon Musk wrote on Twitter that it is inevitable that the Dogecoin cryptocurrency (DOGE) will take over the global financial system: Source: Twitter After the tweet was published, the price of DOGE increased by almost 17% — from $0.003 to $0.0035. However, most people in the crypto community think that Mu...
Bitcoin will hit $70,000 next year, according to a price forecast by Weiss Crypto Ratings experts. In a recent analysis, Bruce Ng and Juan M. Villaverde outlined three major reasons behind a potential ferocious rally. The first one is the infinite money printing by the US Federal Reserve System. The US Fed has injected $2.9 trillion in a matter...
Investing in cryptocurrency is getting easier for traditional investors. Stock market participants will be able to buy the shares of Galaxy Digital Holdings Ltd (TSXV: GLXY) on the Toronto Stock Exchange starting Monday, July 6th. Galaxy Digital Holdings is one of the world's largest cryptocurrency and digital assets companies by market capitali...
There have been some rumors in the crypto space that the online payment system PayPal may start offering cryptocurrency services to its users in the near future. The crypto community did welcome the news since PayPal has over 300 million users worldwide and once it launches the crypto services, it may facilitate the mass adoption of cryptocurren...
In a semiannual monetary policy report before the US Senate's banking committee, Chairman of the US Federal Reserve Jerome Powell warned the Congress that the US federal budget has been on an unsustainable path for many years as the national debt has surpassed $26 trillion. Some cryptocurrency enthusiasts stated that gold and Bitcoin are the be...
Last week, a couple of mysterious transactions took place on the Ethereum blockchain. Their initiators paid millions of dollars in fees. For example, according to etherscan.io, for a transaction included in block #10237208 with a value of 0.55 ETH (approximately $136.41), a transaction fee of 10,668.73185 ETH (approximately $2,645,952.19) was pa...
Adam Back, the inventor of Hashcash and Blockstream CEO, compared the blockchain technology to the wonders of the world and called it the foundation of a new digital age: Source: Twitter A little bit earlier, the prominent cryptographer and crypto pioneer said that in the new digital era, demand for Bitcoin will increase, and even without the i...