The effects of the spot Bitcoin ETF approval will go far beyond the capital inflows into these investment products, according to Swan Bitcoin CEO Cory Klippsten. The marketing around the recelty approved spot Bitcoin exchange-traded funds will lead to more capital flowing directly into Bitcoin than that flowing into the ETFs, according to Swan Bitcoin […]

In February 2023, Polygon announced layoffs affecting about 100 people as part of internal restructuring efforts. Polygon Labs CEO Marc Boiron announced the firm would be cutting 60 staff members “for the sake of enhanced performance.” In a Feb. 1 blog post, Boiron said the “difficult, but necessary” staff cuts affected roughly 19% of team […]

Chinese investors have been buying gold as an investment, motivated by the poor performance of traditional stock and property options. According to World Gold Council (WGC) reports, China had the largest demand for gold for jewelry and investment purposes in 2023. This, and the demand from central banks has maintained gold prices over $2,000. Chinese […]

Hut 8 has formalized a comprehensive four-year partnership with Ionic Digital Inc., encompassing end-to-end managed services across all of Ionic’s Bitcoin mining operations. This move was announced on Feb. 1, marking a significant development for Ionic, a mining-focused entity that recently emerged from Celsius’s Chapter 11 bankruptcy. Ionic would be led by the former Chief […]

Polygon Labs has announced a 19% reduction in its workforce, impacting 60 employees across various departments. The decision, announced by CEO Marc Boiron in an internal memo on Feb. 1, is part of the company’s broader strategy to realign its focus on core projects and accelerate its mission in the web3 ecosystem. Staff cuts Despite […]

The post While Major Tokens Like XRP and Litecoin Experience Volatility, NuggetRush Gains Momentum with Strong Market Entry appeared first on Coinpedia Fintech News TLDR XRP holders have been disappointed by its continued stagnation. Litecoin is also falling amid the recent market correction. NuggetRush (NUGX) has become a main choice among play-to-earn investments in the […]

The post Inside BlackRock’s Plans for an XRP ETF, Solana and InQubeta Remain Investor Favorite Choices appeared first on Coinpedia Fintech News Discussions about a Ripple (XRP) spot exchange-traded fund have started to heat up now that the US Securities and Exchanges Commission (SEC) has approved 11 Bitcoin (BTC) spot exchange-traded funds that met its […]

The post How Long Will It Take for the XRP Price to Reach $1? Can It Replicate the 2023 Summer Run Again? appeared first on Coinpedia Fintech News The crypto winter appears to have extended as the majority of the tokens have failed to sustain above the pivotal levels. While the Bitcoin price has been […]

The post Ondo (ONDO), Jito (JTO), and Scapesmania (MANIA) are expected to pump massive in 2024 appeared first on Coinpedia Fintech News The crypto market is currently witnessing a surge in the altcoin sector, with Bitcoin (BTC) showing strong bullish momentum since the end of January. This positive trend is expected to extend to altcoins, […]

The Federal Reserve’s attempt to put the dampers on markets by stating that the first rate cuts might not take place in March may not have worked. Stock markets have reacted by opening in the green, and now select altcoins are following. Oracles $LINK and $PYTH are among those leading. Perhaps the market is not […]