Rich Dad Poor Dad author Robert Kiyosaki has revealed that he purchased 60 bitcoins at $6,000 each and continues to buy more bitcoin every month. He explained that the crypto represents “rules-based money,” contrasting it with government fiat money, which he describes as “debt-based.” Kiyosaki emphasized that rules-based money increases wealth, while debt-based money diminishes…
The Federal Reserve Board’s annual stress test results reveal that large banks are expected to face nearly $685 billion in projected losses during a severe recession scenario. These losses are significantly higher than last year due to increased risks in bank balance sheets and higher expenses. The aggregate common equity tier 1 (CET1) capital ratio…
Injective’s market trajectory is on an impressive rise, showcasing substantial price climbs and signaling a potential market breakout. Amidst these market movements, Charles Hoskinson, founder of Cardano, has introduced a unique twist in the crypto narrative with a new meme coin inspired by his pet pig’s social media fame. Concurrently, BlockDAG seizes the spotlight with…
Bitwise CIO Matt Hougan has predicted that spot ether-based exchange-traded products (ETPs) will have a favorable performance in financial markets when finally trading. Hougan estimates that these products will have net flows of $15 billion during their first 18 months of trading, taking into account the size of the ether ETP market in other regions…
Elmnts, a new blockchain-based venture, has announced the forthcoming launch of its beta platform focused on tokenizing real-world assets (RWA), starting with oil and gas mineral rights and royalties. As part of a broader plan to expand into other commodities, the Solana-based project aims to introduce efficiency and transparency to the investment process in this…
Chainlink, a decentralized computing and oracle protocol, Avalanche, known for its layer one (L1) blockchain technology, and GMX, a notable decentralized exchange, have launched Chainlink Data Streams on the Avalanche blockchain. Chainlink, Avalanche, GMX Launch Data Streams on Avalanche Blockchain In communications shared with Bitcoin.com News by the three teams, the announcement notes that Chainlink…
Crypto continues to be a major talking point ahead of the US Presidential elections in November. Anthony Scaramcci, the founder of SkyBridge Capital and Bitcoin (BTC) advocate, recently discussed the impact that the US Presidential elections could have on the crypto market. Crypto tokens like ETFSwap (ETFS) are set to benefit massively from the aftermath…
In a significant expansion move, Cleanspark, a leading U.S. bitcoin mining company, has announced the acquisition of its rival firm Griid for $155 million. This strategic all-stock transaction aims to enhance Cleanspark’s mining capacity, particularly in the aftermath of Bitcoin’s fourth halving event which has increased the pressure on mining profitability. Cleanspark Acquires Griid in…
The crypto market sinks further into the fear index as 44 of the top 50 cryptocurrencies register negative growth. This period of market instability often precedes significant shifts and can indicate the emergence of new opportunities within the crypto sector. While Ripple (XRP), Dogwifhat (WIF), and other altcoins prepare for a consolidation phase, industry analysts…
State Street Global Advisors has partnered with Galaxy Asset Management to provide advanced digital asset-based strategies, expanding investor access to the digital asset ecosystem beyond cryptocurrencies and bitcoin. “We believe we are in a strong position to make digital assets more accessible to the broader investment community through the creation of new ETFs offering exposure…