Blackrock doubles down on crypto with new digital asset fund
Investment management giant BlackRock (BLK) has created a fund called the BlackRock USD Institutional Digital Liquidity Fund, according to a document filed with the U.S. Securities and Exchange Commission (SEC). The fund, incorporated in the British Virgin Islands, will be launched in…
Missing Out? Bitcoin Miner Stocks Offer Buying Opportunity Before Halving, Says JPMorgan
The crypto mining sector experienced a tumultuous first half of March despite Bitcoin itself reaching new all-time price highs, according to a JPMorgan Chase report. What Happened:The report, led by analysts Reginald L. Smith and Charles Pearce, detailed complexities of…
Bitcoin, Ethereum, Dogecoin Surge Amid Selling Pressure Over The Weekend: Analyst Says King Crypto To Reach $100K-$150K Post Halving In April
Major cryptocurrencies rose on Sunday evening with Bitcoin encountering selling pressure following its recent all-time highs. What Happened: Following a record-breaking week, Bitcoin encountered a notable increase in selling pressure, marked by a succession of declining lows and unsuccessful recovery…
‘I Am Going With Warren On This One:’ Bitcoin Is ‘Still Thin Air,’ Says Personal Finance Guru Dave Ramsey Despite Trillion-Dollar Market Cap
Dave Ramsey, the acclaimed personal finance author and radio show host, recently voiced his skepticism about Bitcoin (CRYPTO: BTC) on a broadcast of The Dave Ramsey Show. What Happened: Drawing comparisons with Warren Buffett’s stance on the cryptocurrency, Ramsey did…
JPMorgan Asset Management Says China Remains ‘Irreplaceable’
JPMorgan Chase & Co. will continue hiring in China for its asset management business as it targets growth in the world’s second-largest economy. “ industry remains an irreplaceable growth market for global asset managers,” Desiree Wang, JPMorgan Asset Management China…
Bitcoin Bull Run Far From Over, Says Crypto Trader Alex Krüger: ‘We’re Very Far Off On The Wirehouse Side’
Crypto trader and noted economist Alex Krüger believes that the Bitcoin (CRYPTO: BTC) bull market is just warming up, with the full effects of the recently sanctioned Bitcoin ETFs yet to unfold. What Happened: In a recent conversation on the…
Bitcoin: Are This Week’s Highs Next Week’s Lows?
In a February 19 Barchart article, I wrote: Bitcoin looks set to challenge the November 2021 high, but make sure you do not get caught holding the bag when the bullish music stops. Spot Bitcoin was at the $52,217.70 level…
Vladimir Putin’s gold strategy explains why sanctions against Russia have failed
There are more than 16,000 sanctions imposed against Russia. Yet the Russian economy and war machine grew by 3.6 per cent in 2023 and is projected to grow another 2.6 in 2024. Nearly six per cent of Russia’s gross domestic…
Digital assets see new record of $2.9 billion weekly inflows
Digital assets saw a new weekly record as inflows hit $2.9 billion last week. Bitcoin recorded inflows of $2.86 billion, while Ethereum, Solana and Polygong saw minor outflows. CoinShares shared the details in its Digital Asset Fund Flows report published…
MicroStrategy Stock Gives Back Gains As Bitcoin Slides: What’s Going On?
MicroStrategy Inc (NASDAQ:MSTR) shares are trading lower Monday. The company recently announced the pricing of its convertible senior notes offering. The stock may also be down amid pre-planned sales by MicroStrategy co-founder and executive chairman Michael Saylor. What To Know:…