Solana shines, Ethereum wobbles: 7,625 new talents for the former, Asia at the top and India shines in a borderless crypto world.
The Syrian civil war has revealed an unexpected new use of cryptocurrencies in armed conflicts, with increasingly close ties between modern financial technologies and geopolitical issues. A recent survey by the blockchain analysis company Chainalysis sheds light on the involvement of the rebel group Hay’at Tahrir al-Sham (HTS), which reportedly used cryptocurrency donations to fund a decisive offensive against the regime of Bashar al-Assad. These anonymous transactions, which have become common in conflict zones, raise questions about the role of these assets in crisis contexts and the risks they entail.
In a constantly changing financial environment, BlackRock, the world's largest asset manager, is taking a key step through the proposal of a new strategic direction. The company, managing $11.5 trillion in assets, now recommends a portfolio allocation of between 1% and 2% in bitcoin. This positioning marks a decisive step in the way institutions approach these assets. Such an initiative sparks a dual interest. On one hand, it reflects the growing recognition of bitcoin as a distinct asset class, with unique diversification potential. On the other hand, it raises questions about how this integration could redefine investment strategies and influence the dynamics of traditional portfolios.
Frank Richard Ahlgren III, an early bitcoin investor, was sentenced to two years in prison for falsifying his tax returns to conceal capital gains from the sale of BTC.
The world of crypto is adding a new historical chapter. Société Générale, through its subsidiary SG-Forge, and the Banque de France have completed a revolutionary transaction based on the Ethereum blockchain. This repurchase of securities (or repo), the first tokenized operation of its kind involving a central bank in the Eurozone, redefines the prospects for integration between traditional finance and digital innovations.
Cryptos continue to disrupt financial norms and attract increased interest from institutional investors. Among them, Bitcoin stands out for its pioneering role and as a safe haven. Currently, a report from Matrixport has shaken the crypto community with a bold prediction: Bitcoin could reach $160,000 by 2025. This projection is based on several strategic factors, including the rise of Bitcoin ETFs, which symbolize significant institutional adoption, and favorable transformations in the global macroeconomic framework. Thus, such elements reinforce the perception of Bitcoin as an essential asset, capable of becoming more dominant in investment portfolios.
"Between technological shores and headwinds, Nvidia navigates. China strikes, not for a monopoly, but to challenge the hegemony of American chips. A fight where every chip counts."
Bitcoin miners have earned over 70 billion dollars since the creation of the Bitcoin network. An analysis reveals that BTC users have paid miners a total of 71.49 billion dollars, which represents just 3.6% of the record market capitalization of 2 trillion dollars reached by Bitcoin.
The year 2023 marked a significant break in the evolution of the wealth of French households. After eight consecutive years of growth, it experienced a decline to 14,567 billion euros, a drop of 0.9% compared to 2022. This downturn, confirmed by a study from Insee and the Bank of France, sheds light on profound changes in the French economy. Mainly attributable to the drop in real estate prices, this phenomenon reflects the impact of recent monetary decisions, notably the increase in the European Central Bank's key interest rates, which has raised the cost of loans and dampened demand. Real estate, once an essential driver of household wealth, has been at the center of this crisis. Furthermore, prices, down by 4.7%, have weighed heavily on national wealth, although the 8.3% increase in financial assets has partially mitigated the losses.
The crypto exchange Coinbase is currently at the center of a major controversy. BiT Global Digital Limited, a company based in Hong Kong, has filed a lawsuit for sabotage and anti-competitive practices against Coinbase, claiming over 1 billion dollars in damages! Here are the details.
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