Ark Invest’s CEO predicts Bitcoin price will increase by tenfolds in the next five years
Cathie Wood, CEO of Ark Investment, believes BTC and ETH values will continue to rise as institutions adopt crypto, she also reiterated her prediction that the price of Bitcoin will increase tenfold in the next five years. According to Wood, Bitcoin will be worth about $500,000 by 2026. Ark Investment’s future crypto exposure, she indicated, […]
PrimeDAO raises $2M in DeFi funds to help DAOs
PrimeDAO has received $2 million in startup funding to help decentralized autonomous organizations (DAOs) in the DeFi industry coordinate and cooperate more effectively. The round included major DeFi investment groups such as Signum Capital, LD Capital, and Stacker Ventures, according to a release shared with Cointelegraph. The funding will be used to create PrimeDAO’s “DAO2DAO” […]
Study shows 2021’s Bitcoin energy usage surpasses 2020’s
According to a new analysis, Bitcoin has already consumed more energy this year than it did in all of 2020, with each Bitcoin transaction generating 272 grams of e-waste, mainly composed of outdated mining equipment. According to a Bloomberg study published on Sept. 13, the Bitcoin network will have consumed 91 TW/h (terawatt-hours or one […]
Okcoin partners with Singapore based lending company Hodlnaut
US company Okcoin is partnering with Singaporean crypto lending platform Holdanut, the partnership according to the general manager “will benefit customers in the cryptocurrency ecosystem.” Hodlnaut, a Singapore-based crypto lending platform , will collaborate with Okcoin, a cryptocurrency exchange based in the United States, to increase user adoption and transactions. Hodlnaut said the agreement will […]