In a significant legal development, a United Kingdom court has approved the freezing of £6 million ($7.6 million) in assets belonging to Craig Wright. This decision comes as a preventative measure to ensure Wright does not evade court expenses related to his assertion of being Satoshi Nakamoto, the creator of Bitcoin. The Identity Issue was […]
Asset management firm Hashdex has officially joined the competitive landscape of spot Bitcoin exchange-traded funds (ETFs) in the United States. Firstly, marking its entry into a market dominated by industry giants like BlackRock and Fidelity. Conversion to Spot Bitcoin ETF: DEFI Takes Center Stage Hashdex announced the completion of the conversion of its Hashdex Bitcoin […]
In recent weeks, Binance has found itself entangled in a series of regulatory challenges across multiple jurisdictions. Accordingly raising concerns about its operational integrity and compliance with local laws. Detentions and Escapes: Nigeria’s Cryptic Handling One of the most perplexing developments involves Nigeria, where two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, were detained a […]
Despite concerns about the U.S. Securities and Exchange Commission’s (SEC) perceived “lack of engagement.” Grayscale expresses confidence in the approval of spot Ether (ETH) exchange-traded funds (ETFs) in May. Grayscale’s Chief Legal Officer, Craig Salm, emphasized that the case for spot Ether ETFs. This is just as strong as it was for spot Bitcoin ETFs. […]
The London Stock Exchange has announced plans to establish a marketplace for exchange-traded notes (ETNs) linked to Bitcoin (BTC) and Ether (ETH). This move marks a significant step in integrating cryptocurrency products into traditional financial markets. The LSE announced that it will commence operations for the market of Bitcoin and Ether ETNs on May 28. […]
In the wake of Bitcoin’s climb to the $70,000 mark, Coinbase shares have surged by over 9% in the past 24 hours. It is reaching above $279 per share according to TradingView data. The rally in Coinbase shares mirrors the broader cryptocurrency market, which has seen a remarkable 61% increase in market capitalization since the […]
Grayscale’s Bitcoin exchange-traded fund (ETF) experienced another substantial day of outflows, with nearly $359 million exiting the fund on March 21. This follows a week of massive outflows, including a record-breaking $642 million on March 18, according to Farside Investors data. Despite the ongoing outflows, analysts believe the trend may soon come to a halt. […]
Recent market trends have ignited a spirited debate among investors regarding the shifting dynamics. This is between traditional safe-haven assets like gold and the burgeoning popularity of digital currencies, particularly Bitcoin. Notably, while gold exchange-traded funds (ETFs) saw a reduction of $7.7 billion. Bitcoin ETFs experienced a significant influx of $11.3 billion. This disparity has […]
As the Bitcoin halving approaches, mining executives are gearing up for a significant shift in the industry landscape. With the halving expected to reduce block rewards and profitability, industry leaders anticipate a challenging environment for less efficient miners. Industry giants like Marathon Digital and Stronghold Digital Mining have long been preparing for the halving. In […]
Bitcoin experienced a significant rally, surpassing $67,000 following dovish comments from Federal Reserve policymakers. The surge came after the Fed maintained its outlook for three rate cuts by the end of the year. This is easing market concerns about a more hawkish stance on interest rates. Ether, the second-largest cryptocurrency by market capitalization, rebounded from […]