Umer, Author at Klein Funding

Blockstream Secures $210M to Boost Layer 2 and Mining Operations

Blockstream raises $210 million to enhance Layer 2 technology adoption and expand Bitcoin mining operations. Solv Protocol’s $11 million funding aims to simplify Bitcoin staking and unlock new DeFi integration opportunities. Key player in the development of Bitcoin infrastructure, Blockstream, has obtained $210 million in convertible note funding. Under direction... read more →

Umer
November 11, 2024
Bitcoin

IOTA Sees 113% Surge in TVL, Signaling Strong Growth in DeFi Ecosystem

IOTA EVM has climbed the ladder to become the second-highest performer in the Decentralized Finance industry with a Total Value Locked (TVL) growth of 113% in the last 30 days. The top performer within the industry was ZetaChain with a $124% growth within the period under review. IOTA EVM has... read more →

Umer
November 11, 2024
Bitcoin

Bitcoin Breaks $67,000: 5 Things You Need to Know as BTC Bulls Target $86,600

Umer
November 11, 2024
Bitcoin

Uptober Sparks Bullish Momentum: 5 Bitcoin Metrics Hint at $75K+ in 2024

Despite the concerns around “Uptober” previously discussed in a recent CNF update, it was noted that Bitcoin might show annual growth in October 2024. According to data from CoinGlass, Bitcoin’s open interest (OI) in perpetual futures reached a multi-month high, with a weighted funding rate of 0.0136%, last seen in... read more →

Umer
November 11, 2024
Bitcoin

Donald Trump’s WLFI Token Launch Nets $5M, but Technical Issues Spark Concerns

Despite raising $5M, technical issues and unclear goals have cast doubt over the WLFI token’s long-term viability. Experts advise caution, suggesting alternative investments like Bitcoin due to the technical challenges faced by WLFI. Following recent developments, as CNF recently reported, Donald Trump aims to make the United States the “Crypto... read more →

Umer
November 11, 2024
Bitcoin

Survey: Only 7.5% of Salvadorans Use Bitcoin for Transactions

Only 7.5% of Salvadorans use Bitcoin for transactions, highlighting limited adoption despite its status as legal tender since 2021. President Bukele aims for financial independence by 2025 through a self-financed budget, reducing El Salvador’s reliance on foreign debt. Francisco Gavidia University in El Salvador has performed a survey that shows... read more →

Umer
November 11, 2024
Bitcoin

Elon Musk’s Tesla Shifts $760 Million in Bitcoin for the First Time in Two Years

Tesla has moved nearly all of its Bitcoin holdings, valued at $765 million, to new unidentified wallets after two years of inactivity. Some believe the transactions could be linked to an OTC deal, but it’s not confirmed. Tesla, the electric vehicle manufacturer led by Elon Musk, has transferred all of... read more →

Umer
November 11, 2024
Bitcoin

Bitcoin and Gold in One ETF: A Strategic Inflation Hedge for Volatile Markets Launched

Fund issuer Stacked has launched an STKD Bitcoin and Gold ETF, an innovative product that merges two of the most significant players in global finance. The STKD Bitcoin & Gold ETF represents an important innovation for investors seeking a solid, well-balanced diversification strategy and a diverse portfolio. After five years... read more →

Umer
November 11, 2024
Bitcoin

Asian Private Wealth Sees Crypto Boom, Bitcoin Expected to Hit $100K by Year-End

Estimates from Aspen Digital state that 76% of private wealth managers in Asia have ventured into the cryptocurrency space, while another 16% are still considering investments. The primary motivation for this shift is the potential for higher returns, but an increasing number of respondents are also attracted to the diversification... read more →

Umer
November 11, 2024
Bitcoin

BlackRock CEO Larry Fink: Bitcoin Now Rivals Gold as a Top Asset Class – BTC Eyes New ATH

Larry Fink, CEO of BlackRock, has stated that he thinks Bitcoin is becoming its own class of asset and that its growth will not be affected by the US elections. BlackRock’s spot Bitcoin ETF has grown to $23 billion in nine months, and institutional interest in Bitcoin has grown. Larry... read more →

Umer
November 11, 2024
Bitcoin

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