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According to the data from CompaniesMarketCap, Bitcoin (BTC) has overtaken Alphabet (Google/GOOG) as the fifth-largest asset in the world. BTC boasts a market cap of $1.87 trillion. Alphabet, on the other hand, has a market cap of $1.859 trillion. BTC currently sits behind Gold, Apple (AAPL), Microsoft (MSFT), and Nvidia (NVDA). Also Read: Top 3 Cryptocurrencies To Rise From Trump’s “Made In America” Source: CompaniesMarketCap Bitcoin Surges 21.4% Source: Watcher Guru BTC has experienced quite a bullish outbreak over the last 24 hours. The asset is up 6.7% in the daily charts, 13.3% in the weekly charts, 21.4% in the 14-day charts, 8.3% in the monthly charts, and 42.6% since April 2024. Source: CoinGecko Also Read: Shiba Inu: Is SHIB A Profitable Buy For 2025? The latest market rally comes after Trump Media finalized its ETF deal with Crypto.com. The initiative will focus on American crypto projects. While BTC’s country of origin remains unknown, there is a high possibility that t...

Zand Bank PJSC, a digital bank licensed by the Central Bank of the United Arab Emirates (UAE), has signed a Memorandum of Understanding (MOU) with MANTRA, a blockchain platform focused on real-world asset s (RWAs), as per the latest info shared with Finbold on June 5.  The partnership aims to streamline the process of asset tokenization , encompassing identification, listing, and distribution of RWAs. As MANTRA CEO John Patrick Mullin has said, the agreement is a testament to both sides’ dedication to the Middle Eastern market: Picks for you Bitcoin trader marks ideal and highest risk entry points to BTC right now 5 mins ago SHIB trader who made $120M just bought $18M Shiba Inu 6 mins ago ...

In an effort to help Web3 game developer s with their cryptocurrency management and security woes, the gaming-focused blockchain ecosystem Oasys and digital asset infrastructure provider Fireblocks have announced a strategic collaboration that promises to address these issues. Specifically, as part of this collaboration, Oasys will provide a secure and scalable infrastructure, whereas Fireblocks will contribute with its infrastructure that currently secures over 170 million wallets for Web3 and fintech giants, major brands, financial institutions, and crypto companies. Partnership goals Indeed, as Stephen Richardson, Head of APAC and Managing Director of Financial Markets at Fireblocks, explained, the aim is to alleviate game developers’ concerns over their crypto asset management so that they can direct their attention to their primary task – building memorable gaming titles. “Game developers want to focus on creating compelling games, not worrying about whether their digi...

The tokenization of real-world assets is going to be a dominant theme for the rest of this decade, but there are still some pain points left to resolve. “We’re so early” is one of the crypto sector’s best-known sayings, and when it comes to tokenizing real-world assets, it’s completely true. Bullish estimates from Boston Consulting Group predicted last year that the crypto sector could be a $16.1-trillion market by the end of the decade — a truly staggering figure. Analysts imagined a world where illiquid assets such as real estate, physical art and even exotic beverages were tokenized — opening up the door to fractional ownership. This could be a game changer, especially considering these are asset classes that have traditionally been inaccessible to broader audiences. The tokenization of global illiquid assets could potentially become a $16 trillion industry by 2030. This is Real World Asset (RWA) tokenization. And this will be the defining factor for the mass adoption of crypto. H...

Proprietary trading activities contributed heavily to the revenue increase. CoinShares, a manager of Bitcoin (BTC), Ether (ETH) and various altcoin crypto exchange-traded products (ETPs) in Europe, reported total revenue of 20.3 million pounds ($25.9 million) in Q2 2023, a 33% increase compared to the prior year's quarter. According to the Aug. 1 announcement, the firm's 25% year-over-year decline in asset management fees to 10.6 million pounds ($13.52 million) was offset by a 10 million pound ($12.76 million) gain in capital markets operations, such as trading. CoinShares' profits for the quarter were 5.3 million pounds ($6.76 million), compared to a loss of 0.6 million pounds ($0.77 million) in Q2 2022. The group's total asset s under management have remained steady at around 2.1 billion pounds ($2.68 billion). During the quarter, CoinShares implemented the "Ledger Lens" tool backed by an unnamed accounting firm allowing investors to verify the backing ...

Forex trading skills can be used to improve crypto trading performance. Cryptocurrency adoption continues to grow, especially more as of late, as the recent banking crisis has highlighted the challenges of the traditional financial system. Despite all the doom and gloom that came in the first quarter from the Fed’s inflation-fighting rate hike campaign, banking turmoil and growing concerns that the economy is headed for a recession, Bitcoin (BTC) has risen significantly, up to 80% year to date. Many traders seem to believe that the dollar will gradually lose some of its preferred reserve currency status, with crypto being one of the beneficiaries. Newcomers may join the crypto market for various activities, such as staking, yield farming, play-to-earn gaming and more, but trading still plays a central role. Despite the fact that digital assets are a relatively new asset class for private investors to trade and invest in, the crypto market is very similar to traditional trading in some...

The bank predicts the private equity market to become the most “tokenized” asset class because it is more liquid and can be fractionalized. Investment bank Citi is betting on the blockchain-based tokenization of real-world assets to become the next “killer use case” in crypto, with the firm forecasting the market to reach between $4 trillion to $5 trillion by 2030. That would mark an 80-fold increase from the current value of real-world assets locked on blockchains, Citi explained in its “Money, Tokens and Games” March report. “We forecast $4 trillion to $5 trillion of tokenized digital securities and $1 trillion of distributed ledger technology (DLT)-based trade finance volumes by 2030,” the firm's analysts said. Of the up to $5 trillion tokenized, the bank estimates $1.9 trillion will come in the form of debt, $1.5 trillion from real estate, $0.7 trillion from private equity and venture capital and between $0.5-1 trillion from securities. Blockchain-based tokenization total ...