Crypto

How AI and crypto are shaping the future of finance

Over the last three years, the crypto space has undergone massive upheavals. Alongside the boosting from stimulus packages in 2021, venture capital (VC) firms had invested $33 billion in crypto and blockchain startups. The following year, the Federal Reserve triggered a domino of crypto bankruptcies with its interest rate hiking cycle, starting from the Terra […]
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Cryptocurrency

Grayscale amends Ethereum ETF filing, says investors ‘want and deserve’ the fund

Grayscale amended a regulatory filing through which it intends to convert its Ethereum Trust to a spot exchange-traded fund (ETF). The company’s March 15 amendment strengthens its earlier filing in multiple ways. The update supports the argument that surveillance sharing within the CME ETH market is sufficient to protect against fraud and manipulation in the […]
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Cryptocurrency

Analysts warn MicroStrategy’s plan to fuel Bitcoin buys with debt could backfire

MicroStrategy could raise as much as $600 million from its latest convertible debt offering to purchase more Bitcoin. However, JPMorgan analysts have reportedly cautioned that the firm’s reliance on debt to purchase Bitcoin could exacerbate a market downturn. The firm, led by BTC advocate Michael Saylor, has acquired over 15,000 BTC worth nearly $1 billion […]
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Cryptocurrency

AI crypto traders take profits pushing tokens down up to 20% after scorching 2024 rally

After a face-melting rally in the AI crypto sector over the past few months, investors appear to have taken a profit-taking approach over the past few days. The sector soared past $10 billion in mid-February, buoyed by Bittensor’s remarkable climb to a $4 billion market cap with an increase of over 220% in 2024. By […]
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Cryptocurrency

Vanguard CEO says Bitcoin ETFs do not ‘belong in a long-term portfolio’

Vanguard CEO Tim Buckley said Bitcoin needs to “change as an asset class” for the investment firm to consider it as a viable option and has no intention of changing its mind about spot Bitcoin ETFs until that happens. Buckley made the statement in a preview clip of an upcoming webcast posted on March 15. […]
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Cryptocurrency