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Here’s Why This Student-Run Investment Fund Allocated 7% of its Portfolio to Bitcoin

The Stanford Blyth Fund, a student-run investment entity at the university, purchased Bitcoin (BTC) at $45,000 in February after a scholar pitched the asset during a meeting. According to a tweet by Kole Lee, a computer science major and leader at the Stanford Blockchain Club, the Blyth Fund has allocated approximately 7% of its portfolio to Bitcoin following the purchase. Stanford Endowment Buys BTC The Blyth Fund, created in 1978 by an anonymous donor in honor of legendary...

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Arthur Hayes Clarifies: Ethena’s Yield Mechanism Unique from Terra’s Collapsed UST Stablecoin

The stablecoin initiative USDe by Ethena Labs has seen notable adoption, with its market cap surging by over 40% in the last week and by 400% in the last month, reaching $840 million. Following the setback of the Terra ecosystem’s downfall, concerns have been raised within the community about the launch of USDe. However, Arthur Hayes is optimistic, seeing Ethena as the leading contender in the crypto space to deliver a synthetic USD based on a public blockchain. USDe is not...

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Gluwa Partners with the Central Bank of Nigeria to Foster eNaira Adoption

[PRESS RELEASE – Abuja, Nigeria, March 9th, 2024] As a part of the move to enhance the adoption of Nigeria’s Central Bank Digital Currency (CBDC), known as eNaira, Gluwa Nigeria Limited (Gluwa) has entered into a strategic partnership with the Central Bank of Nigeria (CBN). This collaboration is formalized through a Memorandum of Understanding, positioning Gluwa as a Partner Agent dedicated to leveraging blockchain technology to increase financial inclusion, augment eNaira’s...

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Arkham Reveals Tesla and SpaceX’s Bitcoin (BTC) Stash: Report

Arkham Intelligence has revealed that Tesla currently possesses 11.51K BTC, valued at $780 million, distributed across 68 addresses, while SpaceX holds 8.29K BTC, totaling $560 million, spread across 28 wallets. These findings are substantiated by on-chain fund flows that align with financial disclosures from both companies. Tesla and SpaceX’s Vaults: $1.34B in BTC Holdings Laid Bare In a tweet on X platform, the blockchain analytics platform said that Tesla made a notable...

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Ethereum’s Dencun Upgrade Set to Drive Near-Zero Transaction Fees

The forthcoming Ethereum Dencun upgrade scheduled for March 13 offers a chance for near-zero transaction fees for layer 2 (L2) solution users, possibly drawing in more new ones, as per a research report by Fidelity Digital Assets. The forthcoming upgrade marks the initial step in Ethereum’s rollup-focused roadmap. This advancement will empower the network to function as a resilient database, enhancing the efficiency and cost-effectiveness of data storage for layer 2...

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ChatGPT Analyzes if the Ripple (XRP) Price Can Surpass $1 Before the Bitcoin (BTC) Halving

TL;DR The upcoming Bitcoin halving event is expected to decrease miner rewards and may boost the cryptocurrency market. Analysts predict XRP could exceed $1 soon, with potential spikes up to $1.40 in April and an eventual all-time high of $5, depending on overcoming key resistance levels. What Needs to Happen? The Bitcoin halving – a major event in the cryptocurrency industry that takes place roughly every four years – is scheduled for April this year. It will cut the...

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Bitcoin als Retter der globalen Wirtschaft?

Die Rolle von Bitcoin in der globalen Wirtschaft In einer Welt, die von finanzieller Unsicherheit und wirtschaftlichen Herausforderungen geprägt ist, rückt eine digitale Währung zunehmend in den Mittelpunkt der Diskussionen: Bitcoin. Seit seiner Einführung im Jahr 2009 hat Bitcoin eine bemerkenswerte Entwicklung durchgemacht, von einer Nischenwährung für Technikenthusiasten zu einem ernstzunehmenden Akteur im globalen Finanzsystem. Doch kann Bitcoin...

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Tom Lee Reveals What Will Drive Bitcoin’s Price to $150,000

Speaking with CNBC’s Brian Sullivan on “Last Call,” Lee said, “It’s a generational issue” for Millennials and Gen Z, who are more open to adopting cryptocurrency. Sullivan told the financial analyst and strategist, “I’ve never met an investment instrument that is so polarizing… There’s people who call it fake, it’s a fraud, it’s a joke, it’s worthless. You know? Why do you think Bitcoin is so polarizing?” “It’s a generational issue,” Lee answered. Bitcoin Generation Gap “You...

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Eco-Friendly eTukTuk Project Nears $2 Million Milestone In Crypto Presale

A groundbreaking crypto project aiming to revolutionize transportation in developing nations is rapidly picking up steam. The eTukTuk (TUK) presale has already raised almost $2 million as investors rally behind its eco-friendly, blockchain-driven vision to replace polluting tuk-tuks with sustainable electric vehicles. eTukTuk’s Presale Ignites Investor Frenzy with Almost $2m Raised The eTukTuk project has been firing on all cylinders during the opening stages of its token...

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