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Renowned author and financial educator Robert Kiyosaki has warned about an impending economic downturn, referring to it as a “bad hand.” In an X post on July 11, Kiyosaki highlighted the severity of the situation, stating that the downturn is impacting millions.  In the post, the author highlighted several indicators of wealth preservation amid the projected economic downturn. For instance, the investor known for his personal finance book ‘ Rich Dad Poor Dad’ pointed to Bitcoin’s (BTC) rising price as a signal of significant movements in the financial markets.  Picks for you YouTube competitor Odysee's comeback in the name of free speech 1 hour ago Dave Portnoy's net worth 2024: How rich is the Barstool Spor...

BlackRock’s spot Bitcoin ETF (IBIT) is near $20 billion in assets, currently in top 3% among all ETFs. IBIT and FBTC have recorded 59 days of inflows – a streak that puts the two among top 20 ETFs. Meanwhile, Bitcoin price could hit a new all-time high amid spot ETF and halving sentiment. BlackRock’s spot Bitcoin ETF (IBIT) continues to outshine peers as inflows surge. Data also shows that IBIT is not just in the top 20 in terms of longest consecutive streak of inflows, but its also climbing the ranks for total asset s. Bloomberg ETF analyst Eric Balchunas shared these details on Monday. He noted that BlackRock’s spot Bitcoin ETF has inched to within the top 3% among all ETFs for total assets held. According to the analyst, IBIT is closer to hitting the $20 billion mark in asset s, a feat that could coincide with a new all-time high for Bitcoin. BlackRock’s IBIT leads peers BlackRock, the world’s leading asset manager ...

The governing body for the aragonOS DAO-creation tool will wind down, transferring its assets to token holders. The governing body for the aragonOS software will dissolve, distributing most of its assets to token holders in the process, according to a Nov. 2 blog post. The body, called the Aragon Association (AA), will distribute 86,343 Ether (ETH), approximately $155 million at the current price, from its treasury to token holders as it unwinds. We have an important update for all stakeholders of the @AragonProject. We passed a resolution to: - Deploy most of the treasury to allow all ANT holders to redeem their ANT for ETH - Dissolve the AA - Continue the mission in a product-focused structurehttps://t.co/S0GjRtzhZJ — Aragon Association (@AragonAssoc) November 2, 2023 The funds will be distributed through a smart contract on the Ethereum network. Each Aragon (ANT) token holder will receive 0.0025376 ETH ($4.57 at the current price) per ANT they send into the redemption cont...

The team said it has already lined up clients, including CoinList, Bitso and TrueUSD. A team of former Jane Street and PIMCO traders have raised $15 million to produce a proof-of-solvency protocol for centralized exchanges, stablecoin issuers and other asset managers in the crypto space, according to a press release from the team shown to Cointelegraph. Called “Proven,” the new protocol allegedly uses zero-knowledge proofs to reveal an institution’s assets and liabilities without revealing the personal data of customers. According to the press release, the Proven team consists of quantitative traders, portfolio managers, and researchers from Wall Street firms Two Sigma, Elm Partners, Pimco, Jane Street and others. The initial $15 million seed round was led by crypto-oriented venture capital fund Framework Ventures. Jane Street was also the former employer of Sam Bankman-Fried, who is accused of fraud after the collapse of his crypto exchange, FTX. Proof-of-solvency protocols attempt t...

The issuance became the second major operations of the bank with the new class of assets. Russia’s largest bank Sber — formerly known as Sberbank — reported the first issue of gold-backed digital financial assets (DFAs). The bank considers DFAs to be a “great alternative” to investments amid dedollarization. On Dec. 26, Sber published the news about its first issue of gold-backed DFAs. A diversified metals seller and manufacturer, Solfer, became the first investor to obtain the issued assets. Gold-backed DFAs represent certifying monetary rights, whose price and volume depend on gold prices. According to juridical documentation of the issuance, the bank will provide up to 150,000 DFAs for potential investors to buy. The DFAs will be available to acquire until Jul 30, 2023. The document mentions “the high risks” for investors, ingrained in such kind of assets, including “the risk of illiquidity.” The first deputy chairman of the Executive Board at Sber, Alexander Vedyakhin, cla...