The municipal pension plan of Jersey City, New Jersey, will soon invest in bitcoin via exchange-traded funds, according to a Thursday social media post from Mayor Steven Fulop. While it’s not likely to be a gigantic sum, the decision is another symbolic win for cryptocurrency on the road toward wider adoption. The move follows a
By 2050, bitcoin may settle 10% of international trade and 5% of local trade gain with central banks’ holding it as a reserve asset, asset manager VanEck said in a report. Bitcoin layer-2 networks will play a key role to overcome scaling issues and allow BTC to be used as a medium of exchange, the
Spot ether exchange-traded funds successfully debuted in the U.S. on Tuesday, but regulators didn’t let the ETFs generate income for investors by staking their ETH. The absence represents a disadvantage over directly holding the cryptocurrency, but issuers are hopeful regulators will eventually allow staking. Eight newly approved spot ether (ETH) exchange-traded funds got off to
Last year, a social experiment called $GREED aimed to teach crypto enthusiasts a lesson, tricking them into tweeting an embarrassing message. The project is back. This time, there’s real money involved – a lot of it. 02:02 Marathon Digital Buys $100M BTC; India’s Special Task Force for Crypto-Related Drug Trafficking 00:53 Ether Slides as Grayscale’s
Bernstein said bitcoin miners have upside from the power portfolios they control. Miners that focus on an active power strategy and efficiency are more likely to see a valuation rerating, the report said. Large miners remain focused on bitcoin production and Riot Platforms, CleanSpark and Iris Energy are best positioned to grow market share, the
BlackRock’s head of digital assets, Robert Mitchnick, said Bitcoin ETFs currently draw more investor demand than Ethereum funds. The Bitcoin 2024 conference in Nashville, which is expected to attract 20,000 crypto enthusiasts, comes as exchange-traded funds now offer exposure to the largest cryptocurrencies: Bitcoin (BTC) and Ethereum (ETH). Spot ETH ETFs are the new market
Blockchain analytics firm Arkham Intelligence has launched a new feature that enables users to connect their Coinbase Wallets directly to its platform. The integration enables users to track their crypto holdings and transactions seamlessly on Arkham. Arkham’s platform specializes in de-anonymizing blockchain transactions and linking them to real-world entities and individuals. It is known for
Developers are one step closer to activating restaking on Solana with the Jito Foundation’s latest code release. On July 25, the Jito protocol published its first code base for unlocking staking and restaking platforms on Solana (SOL). Although the code hasn’t been edited, it could potentially enable any Solana-native protocol to secure decentralized apps with
Former President Donald Trump has successfully raised over $4 million in cryptocurrency for his presidential campaign. According to recent Federal Election Commission filings and a report by CNBC, the crypto political donations have come in the form of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and the U.S. dollar-pegged stablecoin USDC. Some donations have come in
Paysafe has announced a strategic partnership with Alchemy Pay, a prominent fiat-crypto payment solution provider. The integration allows users across 130 countries to purchase crypto like Bitcoin (BTC) and Ethereum (ETH) using over 40 fiat currencies. The collaboration aims to enhance Alchemy Pay’s offerings for crypto exchanges, Web3 companies, and other crypto businesses by integrating