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Report: Bitcoin Conforms to Mainstream Markets, Strong Correlation with Gold

A recent report in the Wall Street Journal details how Bitcoin is becoming an increasingly mainstream asset and is starting to develop strong correlations with traditional assets, including Gold. The report cites the increase in institutional funding, increasing venture capitalist (VC) investments, and growing mainstream adoption as possible factors behind its increasing correlation with traditional markets. Despite […]

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Major Stablecoin Basis to Close, Return Funds to Investors: Sources

Major algorithmic stablecoin Basis, which raised $133 million in April, is shutting down and returning funds, say anonymous sources. Major United States-based stablecoin project Basis will shut down operations and return most of its funds to investors, crypto news outlet The Block reports today, Dec. 12. Citing “multiple people with direct knowledge of the situation,” […]

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Fintech Investor Ribbit Capital Sets $420 Million Goal for Its Latest Fund

Venture capital firm Ribbit Capital, whose portfolio includes Coinbase and Robinhood, is planning to raise $420 million for its latest fund. U.S.-based venture capital firm Ribbit Capital, the portfolio of which includes notable cryptocurrency and blockchain projects, is aiming to raise $420 million for its latest fund, according to an SEC filing dated September 12. […]