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Search Results for: fiat currency

Bitcoin Falls Below $41,000 Level as Bears Continue Domination

Crypto Quant reports that as of January 19th, issuers of spot Bitcoin ETFs had over 638,000 bitcoins in their possession. This amounts to almost $27 billion in fiat currency. Grayscale Bitcoin Trust (GBTC) has the biggest amount of Bitcoin—566,973 BTC. Next in line with 28,662 BTC is BlackRock’s iShares spot

January 22, 2024 2 mins read

3 Tokens to Turn $1000 to $1M in 2024

The world of cryptocurrency is a dynamic and ever-evolving landscape, offering both risks and opportunities for astute investors. As we venture into 2024, the quest for financial prosperity through crypto investments has intensified. In this article, we explore three tokens that experts believe have the potential to turn a modest

January 21, 2024 4 mins read

Polygon Alternative Poised to Reach $18 in 2024, Currently only at $0.08

In the landscape of blockchain and decentralised finance, innovation stands as the linchpin for success. While Polygon (formerly Matic Network) has been a stalwart in Ethereum scaling, a formidable competitor is swiftly making its mark—Retik Finance. Positioned as a compelling alternative to Polygon, Retik Finance is gaining prominence with aspirations

January 20, 2024 4 mins read

BlackRock’s Spot Bitcoin ETF Hits $1 Billion AUM in First Week

With $1 billion in assets under management (AUM), BlackRock’s spot bitcoin ETF became the first bitcoin ETF provider to reach this milestone on Wednesday. January 12 marked the beginning of trading for the asset manager’s iShares Bitcoin Trust (IBIT). Robert Mitchnick, Head of Digital Assets at BlackRock stated via email:

January 18, 2024 1 min read

VanEck Announces Changes to ETF Product Line

NEW YORK–(BUSINESS WIRE)–VanEck announced today that it plans to close and liquidate one of its VanEck ETFs. On January 16, 2023, the Board of Trustees of VanEck ETF Trust approved the liquidation and dissolution of the following fund (the “Fund”): ETF Name Ticker Exchange VanEck Bitcoin Strategy ETF XBTF CBOE

January 17, 2024 9 mins read

3 cryptos below $1 to have a bigger Market Cap than Polygon (MATIC)

The cryptocurrency market is a dynamic space that constantly evolves, presenting investors with opportunities to explore promising assets. One such cryptocurrency that has gained substantial attention is Polygon (MATIC), known for its innovative solutions in the blockchain and decentralized finance (DeFi) space. However, three emerging cryptocurrencies—Retik Finance (RETIK), Shiba Inu

January 15, 2024 4 mins read

Venezuela’s Petro (PTR) Faces Shutdown as it Struggles to Gain Traction

The Petro (PTR), the official cryptocurrency of Venezuela, will reportedly stop functioning on January 15th. The government established the currency in 2018 to avoid US sanctions, but it never gained any traction. According to reports, the government-run Petro currency website announced the closure, however the site was down recently. Reportedly

January 13, 2024 1 min read
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