China News by Thebittimes.Com

According to the CEO of global investment management firm ARK Invest, Cathie Wood, the Bitcoin (BTC) and crypto currency sector could reach the value of a quarter of a quadrillion in the next seven years, considering the speed at which the industry and its wider adoption are growing. Commenting on spot Bitcoin exchange-traded fund (ETF) applications and the crypto ecosystem, Wood said she expected it to be worth $25 trillion by 2030, as she explained in the interview with CNBC’s journalists at the ‘Squawk Box’ show aired on November 14. Flight to safety of crypto According to her, traditional markets are witnessing a “flight to quality,” as Larry Fink called it, or “flight to safety,” as ARK Invest calls it, i.e., into the crypto currency sphere “because there’s no counter-party risk in Bitcoin” and it has demonstrated strength against the banking sector. “Look at what happened during the regional bank crisis. Bitcoin went from $19,000 to nearly $30,000 as the KRE, the regiona...

A recent development that has caught the attention of the crypto community is the transfer of 4.4 trillion Shiba Inu (SHIB), valued at about $35 million.  This transfer was probably a sale, and it might be the start of a larger selling spree. As a result, investors and traders are bearish and have been positioning themselves accordingly. Meanwhile, InQubeta (QUBE), a new project on the initial coin offering list, is dominating the ICO space following unprecedented demand. In this article, we will explore the possibility of a drop in the price of Shiba Inu. In addition to this, we will cover what makes InQubeta unique and why it is experiencing a strong wave of interest. InQubeta (QUBE): a formidable force in the ICO scene Investors can’t seem to get enough of the new DeFi project, InQubeta (QUBE), which is aiming to reshape the AI sector. It has been a major player in the ICO market, raising over $4.5 million, which has led to it being to...