Mexican billionaire Ricardo Salinas, a passionate advocate for cryptocurrencies, recently explained the advantages of Bitcoin as an investment. His insights are timely, given the growing interest in the potential of digital currencies. Among the many investment options, Bitcoin stands out as a unique store of value for smart investors. Why Mexican Billionaire Salinas Defends Bitcoin Salinas, known for his insight into the cryptocurrency market, compares investing in Bitcoin to backing promising early-stage companies. He highlighted Bitcoin’s significant growth since its creation and its potential to revolutionize monetary systems globally. Moreover, Salinas points to Bitcoin’s unparalleled accessibility and liquidity. This cryptocurrency…
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The Japanese government plans to amend the LPS law to allow acquisition and holding of cryptocurrencies, with the goal of boosting domestic startups by simplifying investment procedures and supporting Web3 businesses. On 16 February 2024, the Ministry of Economy, Trade and Industry announced that it had taken a Cabinet decision to change the law governing limited partnership funds (LPS). This is an important step to help support LPS development. According to Coinpost, among Japanese Web3 companies, this modification allows LPS to own and store cryptocurrencies as assets. This revision is expected to reduce the obstacles that Japanese venture capital (VC)…
According to on-chain data, an unknown entity believed to be an institution has amassed nearly $2.5 billion worth of oracle provider Chainlink (LINK). Blockchain tracking company Lookonchain reported earlier this month that a series of new wallets belonging to a mysterious entity began withdrawing large amounts of LINK from cryptocurrency exchange Binance. Less than two weeks later, Lookonchain revealed that there were dozens of wallets that could belong to the same institution that had accumulated LINK totaling more than $200 million. “83 new wallets (possibly belonging to the same institution) withdrew a total of 11,097,687 LINK ($216.4 million) from Binance…
February 19th Bitfinex Alpha | BTC Bulls remain valid. Posted at 16:18h On Bitfinex Alpha Maria Lobusova subscribeTo Bitfinex Alpha! Want to receive Alpha from Bitfinex every week? subscribe Bitcoin showed how resilient it is this week as flows into Bitcoin spot ETFs continued despite higher-than-expected CPI and PPI data.BTC is at $52,700, up 25% since the beginning of the year and 207% from its November 2022 low. This left BTC 28.6% below its all-time high, creating tight supply and increasing demand even at higher price levels. In addition to the continued inflows into Bitcoin spot ETFs, we can see…
Virginia proposes $17,192 in annual funding for the Blockchain and Cryptocurrency Council in 2025 and 2026 to research and encourage blockchain technology. The allocation is part of a broader effort to support the state’s participation in emerging technologies, as outlined in a report released Sunday. Big news for the cryptocurrency community! 🚀 Virginia is stepping up its game in the blockchain and cryptocurrency space by proposing $39,240 in annual funding for two newly established commissions dedicated to artificial intelligence and cryptocurrency. This initiative… pic.twitter.com/Liwdmynn7v- nuco.cloud (@nucocloud) February 19, 2024 The Artificial Intelligence Commission will receive $22,048 per year over the…
One analyst said significant inflows into global Bitcoin exchange-traded products, including the recently approved US exchange-traded fund, could threaten gold’s position in the long term.According to André Dragosch, head of research at ETC Group, there is a growing gap between global fund flows into Bitcoin and their equivalents in gold. “This could be an early sign of Bitcoin stealing the gold crown as a major store of value,” Dragosch told The Block.The analyst added that most of the new investments in Bitcoin appear to be related to investments in US-based ETFs. “New ETF flows are increasingly important to Bitcoin’s overall…
Before Matthews took the stand on Monday, Kudos Bank CIO David Bridges, who met Wright in 2006, and Wright’s cousin Max Lynam attended via video link. Both men acknowledged that the key events or conversations that led them to believe Wright was Satoshi happened years ago and that there was no material evidence to support it.
Option2Trade (O2T) is a new player in the cryptocurrency market that is gaining the attention of the Stacks (STX) investor community. Option 2 Trade (O2T) The AI trading platform combines artificial intelligence and decentralized finance to offer an attractive combination for STX holders. Investors who support Stacks’ mission to bring smart contracts and decentralized applications to Bitcoin naturally favor platforms that push the boundaries of financial technology. Emergence of a new AI powerhouse Option2Trade is more than just a trading platform. It is an AI powerhouse that promises to revolutionize the way transactions are done in the DeFi space. O2T…
Bucharest, Romania, February 19, 2024, Chainwire RHUNA is a visionary fintech platform dedicated to transforming the events and entertainment industry through innovative technology. RHUNA aims to integrate Web 3.0 and blockchain technologies to enhance user experience, increase security and transparency, and foster closer, more engaged communities globally. UNTOLD Universe is one of the world’s top five music festival organizers, with over 1.5 million attendees each year. Rhuna represents CryptoDATA’s innovative technology development expertise and experience combined with this pioneering platform. Among the key features it offers, RHUNA leverages the power of blockchain to introduce a decentralized ticketing system where tickets…
Cryptocurrencies, which are decentralized digital or virtual currencies that use encryption for security, have become a popular investment option in recent years. With the emergence of Bitcoin and other cryptocurrencies, many people are looking to enter the market and make money. However, investing in cryptocurrency can be complex and risky. This guide will uncover the secrets of CryptoFocus and provide you with the ultimate guide to cryptocurrency investing. Understanding Cryptocurrency Investment Before diving into the world of cryptocurrency investing, it is important to understand how it works. Unlike traditional currencies, cryptocurrencies are not controlled by any central authority and are…