For the second consecutive week, crypto investors removed approximately hundreds of millions of dollars from digital asset investments, spurred by apprehensions over rising interest rates and global political unrest. Last week, there was a total withdrawal of $206 million from digital asset investment products as reported by CoinShares. The majority of these withdrawals came from … Read more
Coverage of Hut 8, a Bitcoin mining company, has started at Benchmark with a recommended buy position and an estimated price goal set at $12. After the merger of Benchmark with U.S. Bitcoin Corporation was finalized, their business model’s diversity was considered during the evaluation process. This diversified model encompasses various new income streams from … Read more
Bitget Research provided a report on adopting cryptocurrencies in the Middle East region. Based on a study obtained by crypto.news, there were approximately 500,000 cryptocurrency traders actively trading in the Middle East in the year 2024. This represents a significant increase of over 166% compared to the previous year. It is projected that this number … Read more
Celo’s pioneering development team, cLabs, has unveiled their intention to upgrade the Celo blockchain by shifting towards an Ethereum Layer 2 solution through the use of the OP Stack. Last summer, the Optimism community endorsed the use of OP Stack, a significant development platform within their ecosystem, through a governance vote. Prior to this decision, … Read more
The Shiba Inu project team has completed an investment round of $12 million. The Shiba Inu team is working on building a layer 3 network employing Zama’s encryption technology for homomorphic functions, which secured $73 million in funding. A trial run of this network is set to debut in Q3 2024 and will adhere to … Read more