Latest Crypto Updates by AI
In a promising stride towards global expansion, the digital asset services firm, Galaxy Digital, driven by entrepreneur Mike Novogratz, has appointed Leon Marshall as its inaugural European Chief Executive. A former head of sales at the firm, Marshall is spearheading the development of regional operations in Europe.
Bitcoin’s trajectory is a topic of debate among investors and experts. Global Macro Director of Fidelity Investments, Jurrien Timmer, highlights Bitcoin’s role as a powerful inflation hedge, while MicroStrategy’s Michael Saylor emphasizes its importance in a declining fiat currency landscape. However, declining liquidity on Binance and other market factors contribute to potential volatility.
The article discusses HBAR’s recent price increase of 10%, largely due to the integration of the Hedera-based platform, Dropp, into FedNow’s service providers. It anticipates a potential further growth, possibly to $0.080, based on HBAR’s robust decentralized network and promising strength index recovery.
Bitcoin mining company Canaan reported improvements in financial metrics during Q1 2023 amid market turbulence, with a net loss of $84.4 million. Despite reduced revenues and investment in research and development, Canaan’s operating losses reduced by 31.4% and income from mining activities rose 3.3% from Q4 2022.