Tag: Investment
Jersey City Mayor Invests Pension Fund in Bitcoin ETFs – CoinJournal Report
Jersey City Mayor Steven Fulop has announced his plans to invest a portion of the city's pension fund into Bitcoin ETFs. This move, according to Fulop, is a strategic investment in the potential of...
Cryptocurrency Market Update: CoinDesk 20 Index Drops 4.4% with Broad-Based Decline
The cryptocurrency market saw a significant decline today, with the CoinDesk 20 Index dropping by 4.4%. This broad-based decrease affected a wide range of cryptocurrencies, reflecting a general downturn in the market.CoinDesk, the media...
Xapo Bank Named Title Sponsor for Bitcoin 2024 Summit
BTC Inc, the organizer of The Bitcoin Conference, recently announced that Xapo Bank has signed on as the title sponsor for Bitcoin 2024. Xapo Bank is a fully licensed bank that offers banking services...
Is Donald Trump Protecting Bitcoin from Tech Stock Decline?
Since the market opened yesterday, the S&P500 has lost 1.8%, the tech-heavy Nasdaq-100 is down 3.0% and tech darling Nvidia (NVDA) has bled 5.3%. Normally, bitcoin follows stocks (especially tech stocks) on their...
Bitcoin Price Prediction: VanEck Forecasts $2.9M by 2050
VanEck recently released a research report outlining a bold prediction for Bitcoin's future value. The firm suggested that Bitcoin could potentially reach a whopping $2.9 million per coin by 2050 in a base case...
Coinbase Launches Tokenized Money-Market Fund Following BlackRock’s BUIDL Success
Coinbase Asset Management is venturing into the world of tokenized money-market funds, as reported by four sources familiar with the initiative. This move comes amidst a growing trend in the crypto space towards tokenization...
Multipool Secures Strategic Investment from Kronos Research: CoinJournal Update
Multipool, a prominent player in the blockchain and cryptocurrency industry, has recently secured a strategic investment from Kronos Research, as reported by Chainwire on July 23rd, 2024.This investment highlights Kronos's belief in on-chain order...
Ether Price Surges Above $3.5K Before ETH ETF Trading, Inflow Worries Persist
Ether (ETH) saw a significant price increase, surpassing $3,500 as anticipation builds for the launch of U.S.-based spot exchange-traded funds (ETFs). However, concerns linger regarding the potential impact of Grayscale's $9 billion ETH Trust...
Liquidity Drives Global Market Movement in the US
The global market movement in the US is currently being driven by liquidity, according to recent reports. Liquidity refers to the ease with which assets can be bought or sold without causing a significant...
MicroStrategy Stock Surges with Bitcoin Rally – CoinJournal
MicroStrategy's stock has been on a winning streak, outperforming major tech stocks thanks to its significant investment in Bitcoin. The company's stock price has surged by 135% since the beginning of 2024, riding the...