Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Investment
Rollie Finance, the one-swipe AI trading platform, receives investment from Animoca Ventures
Singapore, Singapore, March 22nd, 2024, Chainwire Rollie Finance, the first one-swipe AI trading perpetual exchange on Scroll, announced today that it has raised a seed round of funding from Animoca Ventures, M77 Ventures, Sandy Peng, Co-Founder of Scroll, Alex Lee, Founder of Wombat Exchange, and Kate Wong, COO of RSS3. Rollie Finance stands out from the many decentralized perpetual exchanges through its innovative AI-powered one-swipe-trading design, in which trades can be placed by simply swiping left or right on mobile…
1 year ago
Massive Bitcoin Dip Reveals Ideal Altcoin Investment Opportunities
Following a steep plunge in Bitcoin's price to $60,800, experts suspect the worst is over. This significant dive, however, has opened up exciting investment windows. Our focus shifts to altcoins, often overlooked yet packed with potential and now uniquely positioned for impressive returns. These cryptocurrencies other than Bitcoin offer untapped growth prospects in the constantly shifting landscape of digital currency. BlastUP Emerges as a Game Changer Raising Over $2 Million in Few Weeks BlastUP is a unique launchpad platform based…
1 year ago
Japan to Consider Bitcoin Investment After Setting Interest Rates at 0%
The Japan Government Pension Investment Fund (GPIF) could drive Bitcoin inflows after the central bank increased interest rates to 0%. The state pension fund published a request seeking “basic information” on the investment philosophy of illiquid alternatives to domestic bonds, domestic stocks, foreign bonds, foreign stocks, real estate, infrastructure, and private equity. Why Japan Could Drive Bitcoin Demand The institution is considering gold, Bitcoin, farmland, forests, and other alternatives to include in a low-yield portfolio. GPIF is currently the world’s…
1 year ago
Bloomberg Strategist: This Is the “Defining Moment” to Buy Bitcoin
The Russian invasion of Ukraine enters its second week, and the financial markets worldwide are still reeling from the shock. Meanwhile, the crypto market has seen immense volatility, with most assets moving from green to red and back again. According to an expert analyst from Bloomberg, it's the ideal time to invest in Bitcoin. Bitcoin’s Rollercoaster Ride Last week, when news of war in Ukraine broke out, all financial markets plummeted. The crypto market did not make an exception, and…
3 years ago
Factors to Consider when Investing in Cryptocurrencies
Before investing in any cryptocurrency, he should evaluate his understanding of the particular currency. Since it is risky, anyone intending to invest must consider the digital asset before starting it. An interested investor must pay serious attention to various aspects before buying cryptocurrencies. Such vital points include only investing in an amount you can lose, studying the subject keenly beforehand, understanding the inter-exchange transfer rates of various cryptos, analyzing the market size cap, and watching out carefully for scams surrounding crypto.…
5 years ago
BlockFi Users Can Send Cash Via Wire and Gain Upto 8.6% APY on their Investment
Recently, BlockFi, a crypto lender, announced the addition of a new product feature on its platform. The crypto lender will give its users the ability to send cash to the platform through the wire. As of the 10th of March, users can now send USD wires to the BlockFi platform to buy stablecoins and begin earning up to 8.6% APY on the USD-denominated assets. The wires sent will be exchanged for Gemini Dollars (GUSD) on the platform, and the deposited…
5 years ago
HashCash Plans to Invest $10 Million in the Indian Crypto Industry
HashCash Consultant is thinking of investing $10 million in the Indian blockchain and cryptocurrency economy. The announcement came after India’s Supreme Court verdit on cryptocurrencies, which lifted the ban imposed on them by the RBI. HashCash’s CEO, Raj Chowdhury on Investing in India’s Crypto Industry According to Raj, India’s Supreme Court verdict is a historic judgement that put India back in the global map. He said that the reinstating of crypto activities paved the way for an entire geography, for…
5 years ago
The Incoming Bank of England Governor Hints Investors Could Lose All Their Bitcoin
A stern warning by the incoming governor of the Bank of England, Andrew Bailey, has been issued against investing in Bitcoin. In a 4th March 2020 Address to the UK's members of parliament, Bailey said that Bitcoin lacks any intrinsic value. Anyone investing in Bitcoin must thus be prepared to lose all their funds. He chipped at the failure of Bitcoin to live up to its expectation of widespread adoption. The incoming governor starts his duty as the new head…
5 years ago
LightCrypto, a Renowned Analyst, is Buying Bitcoin at $8.5k
Regardless of whether Bitcoin is showing weakness recently, a renowned analyst known as LightCrypto is buying Bitcoin near the $8.5k to $8.6k level. He noted his stance on Bitcoin, remarking that the cryptocurrency sustained well as gold declined below $1600 after moving close to $1700. As per LightCrypto, Gold’s fall is another sign of a vibrant and capitulatory macro environment. On the other hand, Bitcoin is compelling flatlining shows that sellers still support the cryptocurrency. LightCrypto is Optimistic About Bitcoin’s…
5 years ago