Markets

Cathie Wood’s flagship ETF – the ARK Innovation Fund – performed better in January than in any other month since it launched in 2014.  This comes after a brutal down year for the fund, which focuses on long-term investment in disruptive technologies – including the crypto industry.  ARK Bounces Back In January, ARK registered a total gain of about 28%, with a 3.7% gain on Tuesday alone. Starting the month at roughly $30, it trades for $39.72 at writing time.  The gains are a...

Following another Federal Open Markets Committee (FOMC) meeting on Wednesday, the Federal Reserve agreed to raise its benchmark interest rate by 25%. Bitcoin did not react with its usual fervor to the news, continuing to trade slightly above $23,000.  The rate hike brings the Fed’s benchmark rate between 450 and 475 basis points – its highest level since late 2007. The 25-point raise was in line with market expectations, and milder than December’s 50-point hike.  Bitcoin...

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[PRESS RELEASE – Please Read Disclaimer] Learn from the best collective experiences and insights from some of the world’s most successful blockchain companies on navigating the evolving web3 space. Feb 1, 2023 — Israel’s most successful web3 businesses have come together to organize the first annual ETHTLV, which will run from February 1 to 9 in Tel Aviv. The inaugural event aims to invigorate the country’s thriving startup community, establish the community’s foothold in the...

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Solana price started a decent increase above the $20 resistance against the US Dollar. The price is now trading below $25 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $23.75 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $25.00 and $26.40 to continue higher in the near term. Solana price is trading in a positive zone above $20 against the US Dollar, similar to bitcoin....

Bitcoin price started a fresh increase from the $21,500 zone against the US Dollar. The price is now trading above $22,500 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $23,240 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to move up if it stays above the $22,200 support zone. Bitcoin price is rising above $22,500 against the US Dollar. BTC might extend gains...

NFT marketplace SudoSwap said it debuted its native governance token called SUDO with an airdrop of coins to early supporters. The move comes amid a recent resurgence in NFT trading volume after a lull that was part of a broader downturn in crypto activity. SUDO Tokens to Be Airdropped to SudoSwap LPs SudoSwap announced the launch of its SUDO token on Monday, Jan. 30. The token release, updated earlier today, included an airdrop for early supporters of the project. The SUDO...

Strike – a Bitcoin payment company and wallet provider – has expanded its “Send Globally” feature to the Philippines, allowing locals to receive lightning-based remittances directly to their bank account.  This marks the second-wave rollout for Send Globally after its initial release to Africa in December.  Fixing the Remittance System In a press release published on Tuesday, Strike explained that its new feature enables “fast, secure, and low-cost” money transfers between...