On April 15, 2024, according to Nikkei Asia’s report, Hong Kong became the first Asian city to acknowledge Bitcoin and Ethereum as standard investment tools by granting approval for the first spot Bitcoin and Ethereum exchange-traded funds (ETFs). The Bosera Asset Management and China Asset Management branches in Hong Kong revealed they had obtained the … Read more
Sprott Inc., based in Toronto, Canada, is a renowned global investment company with a focus on precious metals and real asset investing (NYSE: SII). They provide various investment avenues such as: Sprott is renowned for its proficiency in the precious metals market, specifically in gold, silver, platinum, and palladium. They offer various investment opportunities for … Read more
Nomad Capitalist is a consulting firm that specializes in helping wealthy individuals and business owners achieve financial and personal freedom by providing expert advice on strategic offshore moves, including obtaining secondary citizenships, setting up offshore bank accounts, implementing legal tax-saving plans, and making profitable foreign investments. Andres Henderson, the founder and CEO of Nomad Capitalist, … Read more
On April 12, 2024, BlackRock, Inc., the largest asset manager globally with assets under management (AUM), announced their financial earnings for the quarter ending March 31, 2024. In Q1 2024, BlackRock announced impressive earnings with a staggering $10.5 trillion in managed assets, boosting its status as a dominant player in the global asset management industry. … Read more
Marcel Kasumovich, Coinbase Asset Management’s Deputy CIO, recently discussed the intricacies of cryptocurrency investments amidst heightened geopolitical tensions and market instability. In a pensive LinkedIn article, Kasumovich raised concerns about the crypto market’s development and its capacity to embrace proactive investment tactics commonly utilized in more established markets. Kasumovich started by recalling an experiment where … Read more
Mizuho Securities is a significant Japanese organization specializing in investment banking and securities services. It’s part of the vast Mizuho Financial Group, headquartered in Japan, which encompasses Mizuho Bank and Mizuho Trust & Banking as well. April 12, 2024, saw Dan Dolev, a seasoned research analyst at Mizuho Securities, appearing as a guest on CNBC’s … Read more
Robert Kiyosaki, well-known writer of the top-selling personal finance book “Rich Dad Poor Dad,” continues to express his positive viewpoint regarding Bitcoin. He believes that the value of a single Bitcoin could soar up to an astounding $2.3 million. According to Cathy Wood’s projection shared by Kiyosaki, Bitcoin’s worth could soar to great heights. Trusting … Read more
Over the last week, there has been a significant increase in investments towards Bitcoin exchange-traded funds (ETFs). The latest data reveals that a total of $91.3 million was poured into these funds on April 11. Amongst the major contributors to this inflow was BlackRock’s iShares Bitcoin Trust (IBIT), which has now recorded net inflows amounting … Read more
A solution to overcome the Ethereum blockchain’s issues with speed and expense is the development of layered scaling techniques. The Ethereum network serves as the fundamental layer (Layer 1 or L1), responsible for validating transactions and securing the network. Above L1, there are Layer 2 (L2) solutions like Arbitrum and Optimism that operate. These L2 … Read more
Approximately $1.5 billion in Bitcoin options and an extra $800 million in Ethereum options are due to expire on April 12, 2024. This event brings potential volatility to the cryptocurrency market. Approximately $2.3 billion worth of Bitcoin and Ethereum contracts, totaling 21,000 BTC and 230,000 ETH, are set to expire soon. These contracts may cause … Read more