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The Director of Fidelity’s Global Macro Jurrien Timmer says that Bitcoin has evolved as a form of digital gold. Fidelity Endorses Bitcoin Timmer wrote a report titled, “Understanding Bitcoin,” weighing the pros and cons of investing in Bitcoin. He believes Bitcoin may make “one component of the bond side of a 60/40 stock/bond portfolio.” The […]
A group of moderators from the now-infamous subreddit WallStreetBets have announced their plans to launch a decentralized pool for investors to bet on stocks built using smart contracts. DeFi Pools Competing Against Hedge Funds WallStreetBets is launching a DeFi pool called WallStreetBets 2.0. The pool, launched by moderators on the WallStreetBets subreddit, is to “pool […]
Thanks to TON Labs, BSN will now be able to produce real-life applications that require a scalable backend and use cases in compliance with China’s regulatory framework while still using an inherently decentralized network to do so. China’s Developers Gain Access to TON Technology China’s Blockchain-based Service Network (BSN) and TON Labs announced today that […]
Since the company Microstrategy shifted a lot of its treasury reserves into bitcoin, a great number of companies have followed the firm’s lead. According to the web portal, bitcointreasuries.org, data shows that 42 companies are now represented on the list and the businesses hold more than $65 billion worth of bitcoin. The Corporate Bitcoin Stash- […]
Last Sunday, the price of bitcoin touched an all-time price high at $58,354 per unit and surpassed a $1 trillion market capitalization. Bitcoin’s value has dipped since then, but the decentralized crypto asset’s market still captures a large $900 billion valuation. On February 26, the director of the Economic and Social Research Council (ESRC) warned […]