The investment arm of UK-based pension fund M&G has invested $20 million in the country’s first regulated Bitcoin (BTC) derivatives exchange, Global Futures & Options Holdings (GFO-X). An announcement from M&G and GFO-X outlined the details of the investment, which forms part of a $30 million Series B funding round for the derivatives exchange. The platform will initially offer clearing…
Goldman Sachs, the second largest investment bank in the world, has predicted that the United States Federal Reserve could cut interest rates twice in the next two years, starting from as early as 3Q 2024. With the much-anticipated Bitcoin halving event expected in April, the crypto market could see a strong catalyst forming. Interest rates have a strong correlation to…
French artificial intelligence (AI) startup Mistral AI has announced it raised €385 million ($415 million) in its latest funding round to go toward developing its technology and open-source software. Andreessen Horowitz and the company’s initial backers, Lightspeed Ventures, led the round, which closed on Dec. 11. This follows a previous funding round earlier this summer through which Mistral raised $113…
Bitcoin (BTC) price finally witnessed a significant 7% pullback on Dec. 11 as multiple indicators flashed sell-signals and traders booked profits. Bitcoin’s ability to hold above $42,000 will determine whether this crash is a buy-the-dip opportunity or a general market reversal. Short-term volatility or big trend reversal? The sharp BTC price drop observed on the daily chart corresponds with a…
After libertarian Javier Milei was sworn into the presidential office in Argentina on Dec. 10, the local crypto community is hoping he’ll keep some of his most radical promises and take the country to the same level of crypto adoption as his counterpart Nayib Bukele did with El Salvador. On the day of his inauguration, Latin American outlet Cryptonoticias published…
The price of Bitcoin slumped below $43,000 in the early hours of Monday morning, all but erasing the last week’s gains and causing almost $390 million in liquidations across the crypto futures market in the past 24 hours. At time of publication, Bitcoin is trading at around $42,400, down 3% in the past 24 hours—having dipped as low as $41,800…
Bitcoin price recorded a sharp correction on Dec. 11, marking a decline of 7%, wiping out the past seven days’ gain. The sharp price correction pushed the BTC price to a 4-month low of $41,329. A decline in prices of altcoins followed the Bitcoin (BTC) price correction, many of which recorded double-digit drops. However, market pundits and analysts believe the…
C1 Secondaries Fund, which has assets worth $500 million, is looking to invest in crypto firms such as Animoca Brands and Chainalysis as crypto markets continue their bullish momentum, according to a report in the Australian Financial Review. The Silicon Valley and UAE-based fund is prepared to write $20 million to $50 million cheques to buy private holdings in crypto companies…
Nvidia, one of the market’s leading developers of artificial intelligence (AI) chips, announced its intentions to expand partnerships in Vietnam and set up a base in the country after a visit from the company’s CEO. Jensen Huang, Nvidia CEO, said Vietnam is already a partner of the company, as it is home to millions of its clients and Nvidia has…
Bitcoin (BTC) starts a key week for macro markets with a bump as the weekly close gives way to a sharp 7% BTC price correction. In a fresh bout of volatility, the largest cryptocurrency broke down toward $40,000, reaching its lowest levels in a week. Arguably long overdue, Bitcoin’s return to test support nonetheless caught bullish latecomers by surprise, liquidating…
