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BlackRock, the world’s largest asset manager, has released an extensive report advocating for Bitcoin’s role in investment diversification. Bitcoin: A Unique Asset for Diversification The report, authored by BlackRock executives Samara Cohen, Robert Mitchnick, and Russell Brownback, underscores Bitcoin’s distinctive attributes. Cohen, as Chief Investment Officer of ETF and index investments, Mitchnick, head of asset management, and Brownback, head of global fixed income positioning, bring significant authority to these insights. The executives highlight Bitcoin’s fixed supply cap of 21 million coins, setting it apart from traditional fiat currencies. Unlike the U.S. dollar, which can be printed in unlimited quantities by the Federal Reserve (which expanded its balance sheet from under $5 trillion to $8.9 trillion during its last quantitative easing program), Bitcoin’s supply is constrained, making it a unique asset. Bitcoin’s Role in Cross-Border Transactions BlackRock...

The price of Internet Computer (ICP) has declined for the fourth consecutive day, dropping to $7.70. This marks its lowest level since September 9 and is 16% below its peak for the month. This recent downturn comes amid increased network activity following the introduction of two new protocols: Blockchain-on-Blockchain (BOB) and MSQ Burn. BOB and MSQ Burn, which are designed to function like Bitcoin mining but within the ICP network, aim to address the challenges of minting new meme coins. Users engage virtual miners powered by ICP tokens, which are burned during the process, allowing them to mine new tokens. These protocols are set up to prevent any single entity from dominating the system by minting tokens for free, a challenge exacerbated by popular platforms like Pump.fun and SunPump. Recent data from the Internet Computer network indicates a significant spike in activity since the launch of BOB and MSQ Burn. The number of dApps and smart contracts on the network has surged to over...

The crypto market holds immense potential to transform the financial landscape, but a major barrier remains: trust. For any business, especially in finance, transparency is essential to establishing and maintaining trust. Without it, convincing people to invest their hard-earned money becomes a significant challenge. The Trust Barrier When individuals entrust their funds to a third party, they need to have clarity on who is managing their assets and how those assets are being regulated. They also need to know precisely where their money is going. In the absence of such transparency, it’s difficult for investors to feel confident about their investments. In the realm of cryptocurrency, this issue is even more pressing. Unlike traditional financial markets with established regulations, the crypto industry is relatively new and often unexplored. This makes it a ripe target for fraudulent activities and bad actors. The collapse of FTX in 2022 serves as a stark reminder of the consequences ...

As of the latest update, SUI has surged by 10% over the past 24 hours, trading at $1.20, according to data from Crypto.News. The token has seen a remarkable 35% increase over the last week, climbing from $0.88 on September 11 to a six-month high of $1.22 earlier today. This recent price surge has propelled SUI’s market capitalization to exceed $3.2 billion, making it the 30th-largest cryptocurrency by market cap. The daily trading volume for SUI stands at approximately $673 million. A significant driver behind this price movement is the imminent integration of USDC and the Cross-Chain Transfer Protocol. This upgrade is expected to enhance liquidity and facilitate cross-chain transactions, which could boost the token’s utility and appeal across various applications, including decentralized finance (DeFi), gaming, and e-commerce. Additionally, SUI’s rally may be attributed to the recent announcement by the Sui Foundation of a partnership with MoviePass, a popular U.S.-ba...

In the rapidly evolving world of decentralized finance (DeFi), innovations that streamline transactions and enhance user experience are crucial. 1inch, a prominent player in the decentralized exchange (DEX) aggregator space, has recently unveiled its new Fusion+ upgrade. This latest advancement promises to significantly improve the efficiency and effectiveness of cross-chain swaps, marking a pivotal moment for DeFi enthusiasts and traders. What is Fusion+? Fusion+ is the latest upgrade from 1inch aimed at optimizing cross-chain swaps. For context, 1inch is known for aggregating liquidity across various decentralized exchanges to offer users the best possible trading rates. The introduction of Fusion+ builds upon this foundation by enhancing the cross-chain functionality of the platform. Cross-chain swaps refer to the ability to trade assets between different blockchain networks seamlessly. Historically, executing cross-chain transactions has been a complex and costly process, often req...

In a significant move toward embracing decentralized technology, Google Cloud has announced the launch of its Ethereum-compatible blockchain RPC (Remote Procedure Call) service. This development represents a major milestone for both blockchain technology and cloud computing, as Google Cloud expands its service offerings to accommodate the growing needs of decentralized applications (dApps) and the broader Ethereum ecosystem. As Ethereum continues to dominate the smart contract and decentralized application space, Google Cloud’s entry into the blockchain infrastructure arena comes at a crucial time. With increased demand for scalable and reliable blockchain infrastructure, Google Cloud’s new service aims to provide developers with the tools needed to build, deploy, and scale dApps on Ethereum without managing complex infrastructure. In this blog, we will explore the importance of this new service, its potential impact on the blockchain space, and what it means for the future of cloud se...

Anthony Scaramucci, the founder of SkyBridge Capital and former White House communications director, has never been shy about sharing his bullish outlook on Bitcoin. In his most recent prediction, Scaramucci forecasted that Bitcoin could reach six figures by the end of 2024. This bold claim, while optimistic, reflects the growing sentiment among investors and financial institutions that Bitcoin, despite its notorious volatility, is poised for significant gains in the coming years. In this blog, we will explore Scaramucci’s prediction, the factors driving his optimism, and what this potential milestone could mean for the broader cryptocurrency landscape. The Bullish Case for Bitcoin Bitcoin has come a long way since its inception in 2009. Once viewed as a niche experiment in digital currency, it has grown into a mainstream financial asset, embraced by institutional investors and retail traders alike. The rise of Bitcoin has been marked by cycles of boom and bust, with the most recent bu...