Crypto News
Hashdex Seeks to Add Solana, XRP and Cardano to Index ETF Holding Bitcoin and Ethereum
The submission comes three months after Hashdex's fund, which currently focuses on Bitcoin and Ethereum, first received SEC approval.Source link
Bitcoin Miner Bitfarms Completes Acquisition of Stronghold Digital Mining
Bitfarms Ltd. has finalized its acquisition of Stronghold Digital Mining, Inc., marking an expansion of its U.S. operations and energy capabilities. The deal strengthens Bitfarms’ position in the PJM market and advances its high-performance computing (HPC) and artificial intelligence (AI) initiatives. Bitfarms Advances HPC/AI Strategy with Stronghold Acquisition The acquisition increases Bitfarms‘ energy portfolio toSource link
Bakkt Shares Drop 35% After Loss of Two Major Customers
Bakkt Holdings (BKKT), a crypto exchange and custody firm, saw its shares plunge on Monday after disclosing that neither Bank of America (BAC) nor crypto trading app Webull Pay would renew their commercial agreements with the company.At the time of writing, BKKT shares have dropped 35% in after hours trading to $12.83. The stock made its all-time high in October 2021, when it was traded for $1,063 shortly after the firm became public through its merger with VPC Impact Acquisition Holdings.Bank of America accounted for roughly 16% of Bakkt’s loyalty service revenue in 2023. Webull, meanwhile, represented 74% of Bakkt’s crypto service revenue in the same period. The agreement with Bank of America is scheduled to expire on April 22,...
Razer Aims to Eliminate AI Bots From Games via World’s Identity Tech
Gaming brand Razer is teaming up with identity protocol World (formerly Worldcoin) to prove that people are playing games—not AI bots.Source link
Gold-Backed Tokens Outperform as ‘Bond King’ Gundlach Sees Precious Metal Hitting $4,000
Gold has been on a strong run, surpassing $3,000 for the first time last week, and now there are calls for even more upside for the precious metal prices.Jeffrey Gundlach, CEO of DoubleLine Capital and colloquially known as the "Bond King" for his expertise in fixed-income markets, believes the rally is far from over and could see the precious metal top $4,000.Speaking during a macroeconomic outlook presentation titled “Not in My Neighborhood,” Gundlach highlighted gold’s sustained price momentum alongside other commodities. Cryptocurrencies backed by the precious metal, including PAXG and XAUT, have been benefiting from its historic price rise.“I think gold will make it to $4,000. I’m not sure that’ll happen this year, but I feel like that’s the measured...