Cryptocurrency Analysis and News Portal
A new report from Cathy Woods’ ARK Invest forecasts Ethereum (ETH) will meet or even exceed a $20 trillion market cap within the next 10 years, which would equate to a price around $170,000 to $180,000 per ETH.The report also predicted big things for Bitcoin (BTC), saying it is “likely
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Looking beyond the common notion that cryptocurrency markets are volatile, there lies another characteristic that can make the idea of investing in crypto difficult for some. There is an air of frenzy that moves throughout this burgeoning market, and this feeling is pervasive on social media alongside FOMO. Being exposed
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ARK Investment Management, the firm led by star manager Cathie Wood, predicts that bitcoin’s price could exceed $1 million by 2030 as the cryptocurrency’s global usage is still only in its early days.“Bitcoin’s market capitalization still represents a fraction of global assets and is likely to scale as nation-states adopt
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Similar to mining, chosen validators receive an amount of newly minted tokens as a reward for their participation. One of the biggest benefits to this system over crypto mining is the hardware requirements are significantly lower, meaning more people can become validators. This, in turn, increases a project’s decentralization and
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Rio de Janeiro, one of the largest cities in Brazil, will invest part of its Treasury in cryptocurrencies. The announcement was made by the mayor of Rio, Eduardo Paes, during Rio Innovation Week. The plan is to turn the city into a cryptocurrency-friendly hub, and there are other tax incentives
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Eduardo Paes, mayor of Brazilian city Rio de Janeiro, wants to allocate 1% of the city’s treasury into Bitcoin (BTC), Cryptox Brazil reported.Paes reportedly announced plans for “Crypto Rio,” or turning the city into a cryptocurrency hub during Rio Innovation Week on Thursday, according to a report by local news
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Crypto derivatives exchange FTX has set up a $2 billion fund to invest in crypto-industry startups, the Wall Street Journal reported, citing Amy Wu, who heads the fund.The FTX Ventures fund is one of the industry's largest, the Journal said.Investments could be as low as $100,000 and as high as
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Theoretically, as the value of digital assets rise, so will the value of their associated tokens. Furthermore, some metaverse platforms like Decentraland burn all MANA tokens used to purchase digital assets, removing them permanently from circulation and increasing the value of the remaining tokens. Original Source
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Mexico’s third-richest billionaire has advised people to stay away from fiat currencies, like the dollar and euro, and invest in bitcoin. Calling fiat “fake money made of paper and lies,” he stressed that “central banks are printing more money than ever before.” Ricardo Salinas Pliego Recommends Investing in Bitcoin, Says Avoid
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The independent investment fund led by Kraken alumni that’s focused on early-stage companies and protocols, Kraken Ventures, announced the successful closing of its first fund at $65 million. Presently, the fund holds positions in platforms like Hashflow, Pstake, Acala, Blockdaemon, Anchorage, and Messari. Kraken Ventures Reveals $65 Million Fund I LP There’s
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