Over 50% of Bitcoin addresses are still in profit despite drawdowns

    Data from blockchain analytics firm Glassnode reveals that more than half of Bitcoin wallet addresses are still in profit, raising questions about the severity of the current market sell-off as Bitcoin fell below $20,000 over the last weekend. Despite Bitcoin bouncing back by Tuesday to over the $21,000 level, Morgan Stanley and Goldman Sachs warned…

    Mike Novogratz says the crypto market is nearing a bottom
    15 Jun 2022
    29 Views

    Mike Novogratz, the CEO of the institutional crypto investment firm Galaxy Digital, said that the bottom might be near after the recent market turmoil. He is drawing parallels between crypto and Long Term Capital Management, a highly leveraged hedge fund that blew up in the late 1990s. “We’ve gone to a level that should be…

    Can crypto bots be entrusted with your money?

    Many newbie crypto buyers are looking for a trading bot to help navigate volatile markets. Can these software programs be entrusted with your money? — studied Justin Varghese, Your Money Editor on Gulf News. Bots are nothing but automated computer programs designed to run specific tasks with minimal human intervention or interaction. But how safe…

    9 crypto firms enter Forbes Fintech 50

    A record 9 crypto companies made it onto the Forbes Fintech 50 list – the most innovative private companies in fintech. Collectively, they have raised $6.5 billion in venture capital, with the lion’s share within the past 12 months. FTX Locale: Nassau, Bahamas Valuation: $32 billion One of the largest crypto trading exchanges in the…

    5 reasons why Bitcoin is a better long-term investment than gold

    Crypto advocates often refer to Bitcoin as “digital gold,” but how does BTC stack up against gold as a long-term investment? — a study compiled by Jordan Finneseth of Cointelegraph. The emergence of forty-year high inflation readings and the increasingly dire-looking global economy has prompted many financial analysts to recommend investing in gold to protect…

    Crypto companies at the WEF in Davos: What industry experts are waiting for
    06 Jun 2022
    39 Views

    Crypto companies dominated the World Economic Forum in Davos this year, a notable difference compared to the last one in 2020. Industry players welcomed the recent bear market as they said it is a chance to get rid of the bad actors and focus on product developments. As well as, stablecoins and regulation were two…