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Ray Dalio cautions on Bitcoin, says ‘there is only one gold’

Ray Dalio, the founder of Bridgewater Associates, has expressed caution regarding Bitcoin, stating that it cannot replace gold as a store of value. He emphasized that gold has a long-standing history as a reliable asset, while Bitcoin's future remains uncertain. Dalio acknowledged Bitcoin's potential but reiterated that it lacks the intrinsic qualities that make gold a safe haven. He believes that in times of economic instability, investors will gravitate towards gold rather than cryptocurrencies.

Read the full article: Coin Telegraph

Legend becomes latest DeFi app to throw in towel

Legend, a decentralized finance (DeFi) application, has announced its closure, becoming the latest casualty in the struggling DeFi sector. The decision comes amid ongoing challenges such as regulatory scrutiny and market volatility that have impacted many similar platforms. Legend's team cited the inability to sustain operations and provide

Upexi falls 8% after widened fiscal Q3 net loss

Upexi reported an 8% decline in its stock price following a significant increase in its fiscal Q3 net loss, which widened to $2.1 million compared to a loss of $1.1 million in the same period last year. The company's revenue also decreased, falling to $7.5

EToro profits rise as commodities boom offsets crypto trading slump

EToro reported a rise in profits due to a surge in commodities trading, which helped offset a decline in cryptocurrency trading activity. The company's revenue increased significantly, driven by heightened interest in commodities amid market volatility. Despite the slump in crypto trading, EToro's diversified offerings allowed

Nevada regulators push back after prediction market conference blames them for move

Nevada regulators have responded to criticism from a recent prediction market conference that blamed them for hindering the growth of the prediction market industry in the state. The conference highlighted concerns that regulatory barriers are stifling innovation and investment in this sector. In their defense, regulators emphasized their commitment to

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Legend becomes latest DeFi app to throw in towel

Upexi falls 8% after widened fiscal Q3 net loss

EToro profits rise as commodities boom offsets crypto trading slump

Nevada regulators push back after prediction market conference blames them for move