US jobs report signals fewer rate cuts, still bullish for BTC: Grayscale

If Bitcoin (BTC) was born in response to the systemic failures laid bare by one global financial crisis, then the subsequent rise of various decentralized networks can be seen as differences in opinion on the best way forward. All are in agreement that the existing financial system is broken, but are slightly at odds in…

Brian Kelly, the founder and CEO of digital currency investment firm BKCM LLC, said that the next Bitcoin (BTC) target is going to be $6,000, CNBC reported on April 2.During an interview on CNBC’s “Futures Now” show, Kelly stated that “probably a reasonable target [for Bitcoin] is close to $6,000 for this move.” Kelly’s statement…

Securities and cryptocurrency exchange Hyperion Technologies acquired two products developed by blockchain consulting firm Vanbex Labs, which is currently under investigation in British Columbia.Vanbex announced in a post published on its blog on Sept. 4 that Hyperion had acquired Vanbex’s blockchain solutions Rocket and CryptoTaxes. The Forfeiture Office alleges that Vanbex and its partner Etherparty carried…

India leads the world in crypto adoption, followed by Nigeria and Vietnam, according to a new Chainalysis report. Nonetheless, North America accounts for nearly a quarter of all value received by cryptocurrency exchanges, with the United States leading by far.To calculate adoption, Chainalysis used web traffic data from 13 billion web visits to track five

501(3)(c) status boosts the project's legitimacy as well as its efficiency in using donations. 2366 Total views 11 Total shares A new non-profit aiming to fund Bitcoin development education and research has been approved for special tax status, conferring benefits on donors.Brink, which launched in the fall, has been approved as a 503(c)(3) organization according…

American financial services giant Fidelity said that its cryptocurrency trading and custody platform is in the “final testing and process refinement periods” in a Medium blog post on Jan. 31.Per the announcement, the firm is currently providing services to a small, select group of clients while it continues to build the platform’s infrastructure. The firm…

Cardano (ADA) was among the best performers among the top cryptocurrencies on June 6 as traders assessed a key upgrade that promises to enhance its blockchain's smart contract capabilities.Vasil hard fork FOMODubbed "Vasil," the so-called hard fork event will tentatively take place on June 29, 2022. As a result of the euphoria surrounding this upgrade,…

Increasing volume and a breakout above a key trendline have set Bitcoin price back on the path to $14,000. 387 Total views 9 Total shares As the weekend approaches, Bitcoin (BTC) price appears set to close out the month with a remarkably strong performance which has many bulls calling for a new all-time high above…

United States digital asset firm Morgan Creek Digital has secured $40 million in funding from investors that include two major pension funds, Bloomberg reported Feb. 12, citing a statement from the company.Morgan Creek Digital, which launched its Digital Asset Index Fund in August last year, sealed the funding from two of the three benefit plans…