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BlackRock wants to stop bitcoin ETF outflows with 1-2% allocation target

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Crypto is in a bear market, and spot bitcoin (BTC) ETF outflows are worsening the decline. Negative since February 1, investors have withdrawn net funds from BTC spot ETFs for 11 of their last 13 trading days. However, a catalyst to reverse these outflows might have recently arrived when asset management giant BlackRock announced that it would begin recommending BTC in model portfolios for the first time. According to new advice for clients who opt into strategies that permit alternative investments, BlackRock advisors will begin suggesting 1-2% portfolio sizing for the company’s spot BTC ETF, the iShares Bitcoin Trust ETF (Nasdaq: IBIT). Investors have withdrawn net funds from bitcoin ETFs on 11 of the past 13 trading days. With CEO Larry Fink taking almost every opportunity to speak positively in media appearances about the world’s largest digital asset, he emboldened his lead portfolio manager of BlackRock target allocation ETF models, Michael Gates. Gates...

Nvidia (NVDA) Sell-Off Pushes Stock Down 27%: So What's Next?

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The US stock market has suffered a great deal since the start of the year. Volatility has been the prevailing theme, as a host of companies have struggled to build off of rather impressive 2024 performances. Chief among them may be Nvidia (NVDA), which has seen its ongoing sell-off push the stock down 27%, with traders now pondering whats next for the stock. The AI chipmaker had been one of the big winners of last year, jumping more than 170%. Indeed, surging demand for artificial intelligence led many to bet big on its development. However, that halted when the calendar turned. For a myriad of reasons, its momentum has stagnated, but could it be set to return? Source: CNBC Also Read: Nvidia (NVDA): Jim Cramer Calls Stock ‘Indespensible’ Amid 101% Upside Nvidia Sell-Off Drives Stock from 2025 High: Can It Rebound? Early Friday morning, Nvidia saw its shares jump 1.4% in what was a deviation from an ongoing trend. That increase was a reversal from an ongoing sell-off that greatly affect...

The New Era of Creativity: AI, Blockchain, and the Future of Art

The New Era of Creativity: AI, Blockchain, and the Future of Art! In the rapidly evolving digital landscape, the fusion of Artificial Intelligence (AI), blockchain technology, and artistic expression is unlocking a new realm of creativity. The convergence of these technologies is not just reshaping how art is created and consumed but also redefining ownership, authenticity, and value in the creative economy. The Intersection of AI and Art AI-generated art has taken the world by storm, producing stunning visuals, unique designs, and even AI-assisted music compositions. Machine learning algorithms can now analyze vast datasets of human-created art to generate entirely new pieces, blurring the line between human and machine creativity. This innovation has democratized art, allowing anyone with access to AI tools to become a creator. However, the rise of AI-generated content raises ethical questions about authorship and artistic integrity. Who owns an artwork created by AI? Is it the devel...

AI Forecast:  How High XRP, ADA, SOL May Surge Post The Crypto Summit

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The cryptocurrency summit is inching closer, ushering in a wave of excitement and change for the crypto investors to bask and enjoy in. The entire cryptocurrency industry is looking forward to exploring the new announcements and unveilings that may take place post the summit, which will be attended by the cryptocurrency domain’s best and brightest individuals. At the same time, the new announcements may also influence the trifecta, notably Ripple (XRP), Cardano (ADA), and Solana (SOL), helping them score new highs in the process. Also Read: Ripple’s Kangaroo Phase Analysis : XRP Is Targeting $13, Here’s How AI Forecasts Do Three Leading Crypto Coins 1. Cardano (ADA) Price Forecast Source: Cardano Feed Cardano is undoubtedly one of the most successful cryptocurrencies to ever exist in the market as of now. The token embodies the true nature of decentralization and has recently deployed governance-centric Features to make Cardano more holistic than ever. If the crypto summit today unvei...

Global Crypto Mining News in February:U.S. Customs Increases Scrutiny of Chinese Bitcoin Mining Machines, Bitdeer Pays $240 Million to TSMC, New Russian Mining Policies, etc

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1. Bitfarms said it is exploring ways to enter the artificial intelligence and high-performance computing space, as bitcoin miners continue to explore alternatives following last April’s bitcoin halving. Bitfarms has engaged Appleby Strategy Group and World Wide Technology Bitfarms has engaged two expert consultants in AI and HPC strategy, Appleby Strategy Group and World Wide Technology, to conduct a feasibility Analysis on all its North American sites and advise on its global HPC/AI strategy. (The Block) Read more 2. Russia’s Ministry of Energy announced that it plans to establish a single registry for crypto mining equipment, making registration mandatory for all crypto mining operations. If implemented, crypto mining without registering one’s equipment to the system would be made “impossible,”. This plan, led by Deputy Minister of Energy Yevgeny Grabchak, is part of proposed amendments on existing mining regulations that aim to better identify domestic mining activities, especiall...

3 Currencies To Peak If Trade War Ends Up Alienating The US Dollar

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Donald Trump has officially launched his tariff deployment spree. In a recent announcement, Trump shared how he is all set to levy 25% tariffs on Canada and Mexico, which are scheduled to go live from March 4th, 2025. That being said, the tariffs have gone live at the time of writing, sparking widespread fears of a brewing trade war narrative. This trade war may become expansive, with nations contemplating deploying counter tariffs on the US to nullify the effect. Also, with the de-dollarization agendas peaking at the same time, what if the world ends up alienating the US dollars, supporting alternate currencies to sustain their interests and needs? Also Read: How High Will Dogecoin Trade If Bitwise’s ETF Gets An Approval? 3 Currencies Competing With The US Dollar 1. Euro Source: FXstreet The euro is the second most celebrated currency after the US dollar. Trump is also planning to levy 20% tariffs on the EU, which can be incredibly troublesome for the US economy, hindering its growth....

ION Mining launches Bitcoin cloud mining contract, promising daily income of up to $8,888

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Cloud mining platform ION Mining has officially launched a new Bitcoin cloud mining contract, which has attracted widespread attention in the market. According to the official introduction, this product promises daily income of up to $8,888, providing investors with a high-return digital currency investment opportunity. ION Mining said that the cloud mining contract launched this time is designed to lower the threshold for users to participate in Bitcoin mining, without the need to purchase expensive hardware equipment or bear high electricity costs. Users only need to choose a mining contract that suits them through the ION Mining platform to easily participate in mining and earn income. The platform adopts advanced mining technology and efficient computing power allocation strategy to ensure the stability and sustainability of user income. Start making money now ION Mining registered member account earning process 1. Register a member account ION Mining official website...