Dubai-based fractional property investment platform Stake has secured $31 million in Series B funding, bringing its total capital raised to $58 million, as it accelerates expansion across Saudi Arabia and the United Arab Emirates and increases investment in artificial intelligence and tokenization technology. The latest funding round was led by Emirates NBD PJSC, described as
Wall Street analysts are betting that BitGo’s push into full-service institutional crypto finance will not only fuel long-term growth but also position the company as a prime acquisition target for traditional finance firms. Compass Point analyst Ed Engel, who has a buy rating on the stock, wrote that the firm’s services could be attractive to
According to Ali charts, whale transactions for the largest cryptocurrency by market cap, Bitcoin ($BTC), have dropped 72% in two weeks, falling from 5,767 to 1,637. This follows as sentiment remains fragile on the markets, with the crypto Fear and Greed Index currently at 13, indicating “extreme fear.” Bitcoin $BTC whale transactions have dropped 72%
Banking and brokerage giant Charles Schwab has boosted its exposure to Strategy, the leading corporate holder. According to a 13F filing released Tuesday, Schwab, which oversees $12 trillion in client assets, purchased an additional 91,859 shares of Strategy (MSTR) during the reporting period. This acquisition brings the firm’s total position to 1.27 million shares. They
Cryptocurrencies started the shortened U.S. week on the back foot, with bitcoin $BTC$68,324.61 sliding below $67,000 on Tuesday, falling below its tight weekend range of $68,000-$70,000. The weakness coincided with a softer open for U.S. equities, especially for the battered software sector. The iShares Expanded Tech-Software Sector ETF (IGV) was 3% lower, and now 30%
Following Bitcoin (BTC) and Ethereum (ETH), other altcoin ETFs have been approved in the US, and $XRP is one of them. While $XRP is in the focus of both institutional and individual investors, Grayscale stated that $XRP is one of the most frequently inquired-about cryptocurrencies by investors. Grayscale’s Head of Product and Research, Rayhaneh Sharif-Askary,
Gemini Space Station Inc. (GEMI) is parting ways with three top executives, including its chief operating officer (COO), chief financial officer (CFO) and chief legal officer (CLO), the exchange disclosed in a filing on Tuesday. COO Marshall Beard, CFO Dan Chen and CLO Tyler Meade are all leaving effective immediately, according to the filing. Beard
Josh Kushner’s Thrive Capital has raised more than $10 billion for its largest-ever fund, Thrive X, giving the firm substantial capital to target opportunities in AI, robotics, space exploration, and the life sciences sector. The new fund, twice the size of its previous fund, targets to allocate $1 billion to early-stage ventures and $9 billion
Key takeaways Bitcoin’s simplicity as a non-programmable asset strengthens its position as a store of value. The programmability of crypto does not equate to it being money; it represents value in diverse ways. Investors often misclassify crypto assets, failing to recognize their distinct nature compared to traditional investments. Achieving product-market fit in crypto requires targeting
Fhenix, a blockchain research and development company, is positioning itself as a full-stack infrastructure for confidential decentralized finance (DeFi) designed to bring encrypted computation directly onto public blockchains. Fully Homomorphic Encryption (FHE) is at the center of the new strategy, according to a press release shared with Finbold on February 17 and a livestream on