[ad_1] Following Donald Trump’s election, Singapore’s wealth managers have begun allocating vast amounts of capital to crypto investment. According to Gerald Goh, CEO of Sygnum, a Singapore-based virtual asset banking group, Trump’s re-entry has had an electrifying effect on cryptocurrencies and crypto-related companies, leading to a mad scramble for rich Asian investors who are now allocating larger portions of their portfolios to digital assets. In an interview with Nikkei Asia, Goh revealed that his firm’s onboarding rate for new clients “probably doubled or tripled” in the week following Trump’s victory. Giving a wider overview over prevailing market sentiment in Singapore,…
Author: NBTC
[ad_1] Justin Sun, founder of TRON blockchain, announced today that USDD 2.0 will offer a 20% annual percentage yield (APY), fully subsidized by TRON DAO. USDD 2.0 is about to launch with a 20% APY, fully subsidized by @trondao . All interest will be sent in advance to a transparent address. There’s no other reason—it’s simply because we have plenty of money. So, stop asking me questions like “where does the yield come from.” — H.E. Justin Sun 🍌 (@justinsuntron) January 15, 2025 “All interest will be sent in advance to a transparent address. There’s no other reason—it’s simply because…
[ad_1] On Dec. 30, 2024, an education tech company, Genius Group Ltd, bought $10 million worth of Bitcoin. The company aims to convert 90% of its funds to BTC. Lately, more and more companies around the world have chosen Bitcoin as the prime asset in the corporate treasury. Table of Contents Genius Group Bitcoin reserve Corporate Bitcoin reserves as the new trend Genius Group Bitcoin reserve While many countries are working on strategic Bitcoin reserve proposals, private and public companies purchase bitcoins to create their corporate treasuries. Over one million bitcoins are held in corporate treasuries of private and public…
[ad_1] Feb 4 (Reuters) – PayPal (PYPL.O), opens new tab forecast full-year profit above estimates on Tuesday, fueled by a push to revive growth in branded products, improve pricing and sharpen cost-cutting efforts, sending shares of the digital payments giant up 5% in premarket trading. Since taking over in late 2023, PayPal CEO Alex Chriss has focused on high-margin products and touted ‘profitable growth’ as the company’s new strategy. PayPal has since revamped its pricing approach and shifted away from chasing revenue acceleration. The upbeat outlook will likely ease investor worries about increasing competition from big-tech giants and fintech rivals…
[ad_1] Jupiter, the Solana-based decentralized exchange aggregator, launched an airdrop checker allowing users of its products to view their eligibility ahead of the upcoming “Jupuary” airdrop. Designed to “grow the pie” and bring more users into the Jupiter ecosystem, the Jupuary airdrop event will reward the community with 700 million JUP tokens, more than $575 million worth at current prices. The 700 million JUP tokens are broken into three categories of recipients, led by “users,” a category defined by those gaining value from Jupiter products, most notably token swaps. This category of community members will receive 440 million of the…
[ad_1] Bitcoin (BTC) mining company Bitdeer announced today that it had acquired a 101-MW gas-fired power plant near Fox Creek, Alberta, to build a “vertically integrated” BTC mining operation. “We are really excited about planting roots in Alberta, our first site in Canada. This acquisition is the culmination of extensive collaboration with multiple government agencies and the Canadian Blockchain Consortium,” Haris Basit, chief strategy officer at Bitdeer, said in a press release. “It marks a significant step in our strategy to become the first fully-vertically integrated Bitcoin miner, giving us unmatched control over costs, energy efficiency, and scalability.” Bitdeer says…
[ad_1] Will the short-term recovery in Bitcoin (BTC) price, reflecting bearish exhaustion, push the price back above $95k? After a brief recovery over the past 24 hours, Bitcoin’s price has reclaimed the $94,000 level, initiating a V-shaped recovery from a low of $91k. Will this recovery drive Bitcoin’s price toward the $100,000 mark? Bitcoin Price Analysis On the 4-hour chart, the BTC price trend reveals significant demand for Bitcoin at the $90,742 support level, resulting in an early reversal from the 24-hour low of $91,215. This reversal has led to three consecutive bullish candles. Moreover, the bulls have managed to…
[ad_1] Canada’s ETF market may soon feature leveraged crypto funds as Evolve Funds moves to launch new Bitcoin and Ethereum products. For quite some time, Canada‘s crypto exchange-traded fund scene has been losing investors to the U.S. as lower fees, higher trading volumes, and the launch of spot Bitcoin ETFs in the U.S. have drawn capital away from Canadian funds. Now, Evolve Funds is making a play to bring them back — with leverage. The Toronto-based firm has filed a preliminary prospectus to launch Canada’s first leveraged crypto ETFs, The Globe and Mail has learned. If approved, the Evolve Levered…
[ad_1] Solana dominates other chains based on its aggregated app revenues. The metric may mean Solana will keep attracting more developers with the promise of a more profitable app. Solana apps attract nearly 57% of revenues by chain, displacing Ethereum’s influence. This trend accelerated in the last quarter of 2024 when the meme token market had another active season, followed by the launch of AI agents. Since all activities on Solana happen directly on the L1 chain, there are multiple requirements to transact and trade successfully. As a result, the top revenue producers were the Raydium DEX and the main…
[ad_1] The Bitcoin network hashrate, a proxy for competition in the industry and mining difficulty, rose slightly in January, Wall Street bank JPMorgan (JPM) said in a research report on Monday. The monthly average network hashrate rose 1% to 785 exahashes per second (EH/s), the bank noted, while mining difficulty fell 2% month-on-month. The month-end, weekly moving average hashrate was 781 EH/s, a 2% decline from the end of December, the report said. “This is relatively uncommon, and a modest tailwind for bitcoin (BTC) mining economics,” analysts Reginald Smith and Charles Pearce wrote, adding that network difficulty remains 25% higher…