Ripple Labs will invest $5 million to strengthen blockchain education and research across the Asia-Pacific region. According to a June 10 announcement on the company’s blog, Ripple is expanding its University Blockchain Research Initiative in Asia-Pacific with a new $5 million investment. The fund will support academic research and student-led innovation in six countries. This…
BlackRock’s iShares Bitcoin Trust (IBIT) “just blew through $70 billion” in assets under management, observed Bloomberg ETF analyst Eric Balchunas on June 9. It is now the fastest ETF ever to hit that mark in only trading 341 days, he said before adding that this is five times faster than the previous record held by…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A Bitcoin-focused company based in Paris wants to raise $340 million through a unique kind of share sale that happens day by day. Blockchain Group, known for stacking Bitcoin on its balance sheet, announced plans to partner with asset manager TOBAM to…
The crypto community has taken a keen interest in artificial intelligence of late, including discussing its potential to replace humans in jobs, according to the onchain analytics platform Santiment. Santiment’s Alpha Narratives dashboard found on various social media channels like X, between May 29 and June 5, users were discussing various aspects of AI, including…
In the bustling world of cryptocurrency, underrated altcoins under $1 like ETFSwap (ETFS), zkSync (ZK), and Notcoin (NOT) stand out as good alternatives to Bitcoin (BTC). This is because these altcoins present exceptional investment potential with their innovative technologies and accessible price points. Why ETFSwap (ETFS) Tops Altcoins Under $1 Experts in the market believe…
Key Takeaways A suspected hack of Paraguayan President’s X account led to a false announcement about Bitcoin becoming legal tender in Paraguay. The announcement raised doubts due to unusual decree formatting and absence from official channels, prompting an investigation. Share this article Paraguayan President Santiago Peña’s X account on Monday posted an announcement claiming that…
U.S. stocks were little changed as Wall Street monitored renewed trade discussions between American and Chinese officials. Hopes of easing tensions and rolling back tariffs weren’t enough to lift major indexes. The Dow Jones Industrial Average closed lower by a single point while the S&P 500 and Nasdaq indices gained 5.52 points and 61.28 points,…
Digital asset investment products attracted $224 million in inflows last week, pushing the 7-week total to $11 billion. Despite this, the pace of investments appears to be slowing, as investors grow cautious and await clearer guidance from the US Federal Reserve regarding inflation and the broader direction of monetary policy. According to the latest edition…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Appearing on the Diary of a CEO podcast, ARK Invest founder Cathie Wood said that the “green-light” approval of spot-Bitcoin exchange-traded funds in January 2024 has only just opened the gates to what she called an “institutional land-rush” for the asset. “Institutions…
A crypto founder has been arrested in New York for allegedly using his crypto firm, Evita Pay, to funnel around $530 million into the US from sanctioned Russian banks to help Russians access highly sensitive American technology. Iurii Gugnin was hit with a 22-count indictment and will face charges related to wire and bank fraud,…
