Author: Donald Munn
Last November, the large US investment bank Morgan Stanley increased its stake in the world’s largest fund investing in Bitcoin, the Grayscale Bitcoin Trust, by buying around 1 million shares in the fund, bringing their stake in the fund to over $300 million. Institutional investors accumulate shares in the Grayscale Bitcoin Trust According to Glassnode’s data, institutional investors have resumed accumulating shares in the fund in recent months, thanks in part to the approximately 30% discount on the shares after the cryptocurrency market declines. Glassnode reported that institutional investment in the fund increased by about $100 million in the first…
A “dormant” Bitcoin address containing 407 BTC has awakened after more than 8 years of inactivity. The holder reportedly held the equivalent of more than $355,000 at the time, which has now become more than $15 million. This was reported by the twitter account Whale Alert. Whale Alert: holder moves 407 Bitcoin after 8 years of inactivity A few hours ago, the Whale Alert Twitter account reported the transaction of 407 BTC from an address that had been holding them for more than 8 years. A dormant address containing 407 #BTC (15,460,523 USD) has just been activated after 8.3 years…
A couple of days ago, the famous author of “Rich Dad Poor Dad”, Robert Kiyosaki, published a tweet in which he indicated how to profit from inflation. HOW TO PROFIT FROM INFLATION. Biden wants inflation. I counter his criminal actions by investing in Texas and N. Dakota OIL. Just bought a GOLD mine in Utah. Investing in Texas APARTMENTS houses. Saving GOLD, SILVER, BITCOIN. Don’t be a BIDEN victim. Invest like a CAPITALIST. — therealkiyosaki (@theRealKiyosaki) March 5, 2022 Bitcoin as a safe haven against inflation In this tweet, Kiyosaki argues that US President Joe Biden wants inflation, so he…
Cryptocurrency donations to support Ukraine have already reached $50 million. This figure was revealed by Deputy Prime Minister Mykhailo Fedorov in a tweet: The Crypto Fund of Ukraine raised $50M in crypto in a week to support #Ukraine An incredible unity before Putin's encroachment on freedom and democracy. Aiming for $100M this week. We WILL win! #StandWithUkraine — Mykhailo Fedorov (@FedorovMykhailo) March 4, 2022 Record cryptocurrency donations for Ukraine What is unique about the cryptocurrency donations received by Ukraine is that this impressive figure of $50 million was reached in one week. The deputy PM, however, aims to double that.…
In 2021, the crypto market saw a number of projects create huge gains for investors who were savvy enough to recognize their potential and get on board early. If you didn’t buy Cardano, Solana, Polkadot, or Avalanche last year you haven’t completely missed out, as new opportunities are emerging all the time. This year, one coin is looking incredibly promising. RBIS, the native token behind the ArbiSmart project is on track to shoot up in value in 2022. While the coin is currently valued at under $1 USD, it is projected to rise by 4,000% in the coming months,…
Since Friday, Revolut customers have been able to make donations to support those affected by the conflict in Ukraine. Revolut, €3 million in donations for Ukraine More than €3 million has already been donated so far, and the company itself has announced that it will double the amount donated by customers between 1 and 8 March to a maximum of €1.8 million (£1.5 million). Italy is also among the countries enabled to make instant and free donations of this kind on Revolut. The funds donated will be sent to the Red Cross, and used for humanitarian aid and first aid…
Metaverses are virtual spaces characterized by “land” that is sold and bought. The prices of such land in each metaverse are usually decided by the market, but are affected by some specific factors. Factors determining land prices in the metaverse These are somewhat technical, metaverse-related factors that affect supply and demand, and thus price. These factors were described by Joel John, an expert in fintech and DeFi. Metaverse real-estate has been all the rage lately but they command less than 10% of NFT trade volumes. I broke down what it is, why they matter and what drives value to them…
This article explores the nature of cryptocurrencies, specifically altcoins. In a previous article we saw that by setting up a simple “trend following” strategy on Bitcoin which buys and sells at the high and low of the previous day respectively, the results were very encouraging. The systematic operativity would have guaranteed good profits, against more contained drawdowns, when compared to the simple buy&hold. This is primarily due to the fact that a long/short trading regime is certainly more conservative in some respects than a “drawdown” trading regime. Altcoins in the crypto market As is well known, the landscape of tokens…
Lugano’s Plan B is ready: as announced yesterday, it will make Bitcoin, Tether, and Lvga legal tender, ushering in a new era in Swiss finance and challenging the current Crypto Valley to become a crypto and blockchain hub. Lugano crypto hub Until now, crypto and blockchain companies have found their place in Switzerland in the Crypto Valley in Zug. It is here that many crypto companies have concentrated their activities, in some cases becoming veritable unicorns. As of yesterday, this “supremacy” is in danger of being obscured by the decisive and convinced choice made by the Lugano administration. In partnership…
New week, new crypto horoscope dedicated to the next week which runs from 7 to 13 March 2022. This week will be characterized by the transit of Mercury in Pisces on Thursday 10 March. For several months now, we have been devoting space to the crypto horoscope written by Stefania Stimolo, an expert in astrology and blockchain. You will find this analysis of your zodiac signs every Sunday only on cryptodailynews24.com. With our “Reporting the Future” slogan, we wanted to playfully expand on this theme with this entertainment column. The crypto horoscope We called it crypto horoscope for the simple…