Ethereum Breaks Barrier, A Strengthening Case for More Upsides

Ethereum started a decent increase above the $2,600 resistance against the US Dollar. ETH price is gaining pace and could even rally above the $2,720 zone. Ethereum formed a base above $2,500 and started a fresh increase above $2,600. The price is now trading above $2,600 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $2,580 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate higher above the $2,720 and $2,750 levels in the…

Gearing Towards Crypto And Web3.0 With Ash WSB

 The closer we look around ourselves, the more we notice how the world gets smaller each with the increased usage of the internet. Today, most industries have seen massive development due to the apt use of digital mediums, especially social media. This also includes the growth of the digital financial industry, which comprises many aspects, including Bitcoin, NFTs, DeFi, and so much more. It’s not only retail investors but also organizations and companies that are turning to crypto for opportunities and businesses to the next level of success. Ash WSB,…

Goldman Sachs is hooking up clients with Galaxy Digital’s ETH fund

Financial services giant Goldman Sachs has been offering clients exposure to ETH through Galaxy Digital’s Ethereum Fund according to a new Securities and Exchange Commission filing. Goldman Sachs clients keen on spot exposure to Ethereum (ETH) have been offered space in Galaxy’s ETH Fund. This strategy became apparent in a Mar. 8 filing from Galaxy which listed Goldman as a recipient of introduction fees for referring clients to the fund. Galaxy Digital is billionaire Mike Novogratz’s crypto-focused financial service provider. It controlled $2.8 billion assets under management (AUM) as of…

Charles Hoskinson under fire for… not dropping out of a PhD program?

A debate has surfaced online following claims that Cardano founder and Ethereum co-founder Charles Hoskinson may have fudged the specifics of his educational background. While the issue is a hardly a major scandal, it concerns conflicting reports around whether Hoskinson dropped out of a Number Theory focused PhD program – as he suggested – or if he embellished the story. Crypto journalist and Unchained Podcast host Laura Shin suggested in her new book and on social media that he never finished an undergraduate degree or enrolled for a PhD. The…

Griffin Gaming Partners Launches $750 Million Gaming and Web3 Fund – Bitcoin News

Griffin Gaming Partners, a venture capital firm specializing in gaming-related investments, has revealed the launch of its second gaming-related fund. The fund, which was reportedly oversubscribed, managed to raise $750 million to support gaming initiatives, including Web3-based and blockchain endeavors. Griffin Gaming Partners has now amassed more than $1 billion AUM. Griffin Gaming Partners Raises Sizable Gaming-Related Fund Griffin Gaming Partners has announced the launch of its second gaming-related fund, which will focus on investing in seed and growth rounds of companies dedicated to building blockchain-powered or traditional…

Binance CEO Considers to Buy Chelsea Football Club, Report says

The global crackdown on Russian oligarchs has pushed Roman Abramovich to offer his Premier League club, Chelsea FC, for sale. Since the news made the rounds about two weeks ago, many bids have been flowing in, and per a Reuters report, one of such was from Changpeng Zhao (CZ), the Chief Executive Officer of Binance cryptocurrency exchange. Citing a spokesperson for the trading platform, CZ spoke with the Raine Group, the U.S. investment bank representing Chelsea on the sale, but declined to pursue it as owning a soccer club is…

VanEck Launches Crypto Mining ETF

The largest weighting is Riot Blockchain (RIOT) at about 11%, followed by Hut 8 Mining (HUT) at 9.1%, Marathon Digital (MARA) at 8.3%, Iris Energy (IREN) at 7% and Canaan (CAN) at 6.5%. Rounding out the top 10 holdings are Hive Blockchain (HIVE) at 6.3%, Northern Data (NB2.GR) at 5.8%, Block (SQ) at 5.7%, Bitfarms (BITF) at 5.6%, and lender Silvergate Capital (SI) at 4.8%. Author: Aoyon Ashraf Source link

Treasury to launch financial education initiative around crypto investments

The United States Treasury Department is launching a new initiative to raise awareness of the risks involved in investing in digital assets. The move comes as the asset class transitions from a niche market into mainstream investment according to a top Treasury official, potentially drawing in less sophisticated investors. The Department’s “Financial Literacy Education Commission” is developing educational materials designed to inform the public how crypto assets operate and how they differ from traditional assets. Treasury undersecretary for domestic finance, Nellie Liang, told Reuters that the target demographic is people…

Janet Yellen let slip details of Biden’s executive order on crypto

A statement from U.S. Treasury Secretary Janet Yellen on President Joe Biden’s executive order regarding digital assets calls for efforts to support innovation while addressing risk in the industry. Yellen’s statement was released a day early apparently by error and quickly deleted, but was captured on a web archive. It shares early insights into the details of President Biden’s soon to be released executive order. The order will call for “a coordinated and comprehensive approach to digital asset policy.” Yellen’s statement said that the executive order could “result in substantial…