Crypto News
BlackRock Taps Anchorage Digital as Bitcoin, Ethereum ETF Custodian
The only federally chartered digital bank in the U.S. was tapped by the world’s largest asset manager.Source link
Ethereum Plunges to 2023 Lows as Bearish Momentum Tightens Its Grip
On Monday, ethereum’s value plummeted to its lowest point since March 2023, slipping to $1,409 per token. The past month has proven particularly challenging for the cryptocurrency sector’s second-largest asset by market capitalization, which has contracted by 29.6% over the preceding 30-day period. Ethereum’s BTC Ratio Hits 2020 Low At press time, the broader cryptocurrencySource link
Coinbase More Than Just Trading Platform, It’s ‘Mission-Critical’ for Crypto, Cantor Says
Coinbase (COIN) is more than just a crypto trading platform, Wall Street broker Cantor said in a research report Tuesday, initiating coverage of the stock.Cantor assumed coverage of the crypto exchange with an overweight rating and a $245 price target. In early trading, the shares were up more than 5%."Markets are missing what it is doing beyond trading, particularly with its L2 (Base) and its stablecoin relationship with Circle," analysts Brett Knoblauch and Thomas Shinske wrote. Coinbase shares are attractive at current levels, as they are trading at around a 32% discount to historical valuation multiples, the report added.The broker sees both these segments as "instrumental in changing the narrative surrounding COIN, from being a cyclical crypto trading platform to...
Ethereum Gaming Network ZKcandy Launches With ‘Pepe Kingdom’ and More
Created by iCandy Interactive and ZKsync builder Matter Labs, ZKcandy is an Ethereum layer-2 network focused on mobile gaming.Source link
Hive’s Frank Holmes on Expanding Bitcoin Mining in Paraguay
Frank Holmes has had a long career as a money manager: financing gold mining companies; getting involved in the creation of gold royalty companies; developing financial products for the airline industry — all of this with U.S. Global Investors (GROW), the publicly-traded asset management firm he’s been leading since 1989.He’s also the chairman of HIVE Blockchain Technologies (HIVE), a bitcoin mining company with a $345 million market capitalization and a rapidly expanding footprint in Paraguay, thanks to a recent deal in which the firm acquired facilities previously owned by another miner, Bitfarms. The firm was born, he said, after he attempted to launch a spot bitcoin exchange-traded fund (ETF) in 2017.HIVE has been green from the get-go. Its first facility...