The head of digital assets at the investment company BlackRock, speaking at the Bitcoin Investor Day conference in New York, said that Bitcoin is more like a precious metal than a risky asset. Robert Mitchnick mentioned the correlation of the first cryptocurrency with stocks, adding that historically the average long-term correlation was close to zero, and Bitcoin also had periods when the price fluctuated with the price of gold. If you imagine the correlation graphs

Robert Mitchnick, head of digital assets development at BlackRock, said that the company’s clients have little interest in investing in cryptocurrencies, with the exception of Bitcoin and Ether. During the Bitcoin Investor Day conference, Robert Mitchnick reported that the vast majority of BlackRock clients prefer investing in bitcoin, invest a little in ether, and have little or no interest in gaining access to other altcoins. Therefore, the largest asset manager has no plans to introduce

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get

According to Cardano Blockchain Insights, the number of addresses in the Cardano network reached 4,651,150 as of March 21, 2024. The figure has increased by 3.75% since January 1. At the beginning of the year, there were 4,483,116 addresses. Since the beginning of the year, 168,034 new user wallets have appeared on the Cardano blockchain, with an average increase of 2,100 new addresses daily. The most fruitful day was February 2, 2024, when 5,414 new

Analysts at Standard Chartered have revised their target forecasts for the price of Bitcoin and Ethereum for this year and next, assuring that both cryptocurrencies will reach new records much faster. Standard Chartered analysts raised their Bitcoin target for the end of 2024 from $100,000 to $150,000. The reason: the first cryptocurrency reached a new all-time high. In 2025, Bitcoin is capable of crossing the $250,000 mark, experts believe. Although their previous forecast was $50,000

Analysts at CryptoQuant say investors are showing strong faith in Ether. Proof: spot reserves of the second largest cryptocurrency by capitalization on crypto exchanges are declining. There is virtually no significant selling pressure in the Ether market. According to CryptoQuant experts, ether reserves are declining due to a large outflow of funds. At the same time, the total value of ether staked increased, exceeding 31 million ETH, which is further confirmation of investors’ faith in

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get

Hong Kong’s Securities and Futures Commission (SFC) has listed cryptocurrency exchange Bybit as a suspicious platform, warning the public of the risks associated with 11 Bybit products. The financial regulator has classified Bybit as a “suspicious” cryptocurrency trading platform. The regulator raised doubts about 11 Bybit products. These are Bybit Futures and Inverse Futures, Options, Leveraged Tokens, Dual Asset and Dual Asset 2.0, Bybit Shark Fin, Liquidity Mining, ETH 2.0 Liquid Staking, Bybit Web3 Staking,

The High Court of Business and Property of England and Wales has handed down its final verdict in the Crypto Open Patent Alliance (COPA) claim. The Developers Alliance demanded that the entrepreneur who tried to impersonate the creator of Bitcoin be rejected. The court ruled: Craig Wright, who is seeking recognition as Satoshi Nakomoto, cannot claim copyright on the White Paper of the first cryptocurrency. Judge James Mellor allowed the COPA claim to be fully

Analytical company Glassnode announced that Bitcoin has entered a stage of euphoria against the backdrop of updating its historical maximum. The market is witnessing a change of ownership of the first cryptocurrency – the asset is moving from long-term investors to speculators and novice investors. Investors who bought Bitcoin at a low cost in 2023 began to take profits. This increases the circulation of “young coins” (assets that have moved within the last three months)