Thai regulators have given the green light for money managers to launch private funds dedicated to US spot Bitcoin ETFs. This move, announced by the Thai Securities and Exchange Commission on Monday, comes with a catch – access is restricted to institutional investors and the super-rich. Initially, in January, investment firms were prohibited from making […]
Cryptocurrency exchange Coinbase has revealed its plans to issue $1 billion in convertible notes, set to mature in 2030. The announcement comes amid a surge in the company’s stock, which saw an 18% jump. Over the past week bitcoin reached new all-time highs and US bitcoin ETFs continued to break records. Institutional Investment Focus The […]
In a strategic move to address the staggering $11 billion outflows from its Grayscale Bitcoin Trust (GBTC), Grayscale Investments filed for a new Bitcoin Mini Trust on Tuesday. Firstly, the US Securities and Exchange Commission gave approval of several spot Bitcoin ETFs on January 10. Later the move comes as Grayscale faces intensified competition in […]
Former President Donald Trump appears to be shifting his stance on cryptocurrencies, particularly Bitcoin, citing their popularity in payments for his recent sneaker collection. This marks a departure from his previous characterization of Bitcoin as a “scam.” Trump revealed during a CNBC interview that his newly-launched sneaker collection saw substantial sales with a notable portion […]
Bitcoin mining revenue has soared to unprecedented levels, breaking previous records as the value of the leading cryptocurrency continues its upward trajectory. According to data from The Block, the seven-day moving average of miner earnings hit $68.28 million on March 9. This is after surpassing the previous all-time high of $67.15 million recorded in May […]
Bloomberg ETF analyst Eric Balchunas has expressed growing concerns over the approval prospects of Ethereum exchange-traded funds (ETFs) as the U.S. Securities and Exchange Commission (SEC) maintains radio silence with issuers. With only 73 days left until the final deadline in May, the lack of communication from the SEC has led Balchunas to downgrade the […]
South Korea plans to establish a dedicated crypto-focused asset management system by 2025. This is a strategic move to combat tax evasion, according to local reports. This initiative comes as part of the country’s efforts to enhance regulatory oversight in the burgeoning cryptocurrency space. GTIC Chosen as Lead Firm for Asset Management System The National […]
Ethereum co-founder Vitalik Buterin reassures that Ethereum stands “well-positioned” to counter a potential quantum computing attack on its network. Buterin asserts that developers could promptly create the necessary technology to make Ethereum quantum-resistant. It is offering a solution in the event of a quantum emergency. “I argue that actually, we are already well-positioned to make […]
Billionaire investor Bill Ackman, CEO of Pershing Square Capital, has stirred the crypto community by revealing his contemplation of investing in Bitcoin. Ackman outlined a scenario where a surge in Bitcoin’s price, driven by increased demand and energy usage, could lead to a chain reactions. It includes, rising energy costs, inflation, a weakening dollar, and […]
The price of Bitcoin has once again breached the $70,000 threshold, marking the second occurrence within a span of a few days. The cryptocurrency surged to an intraday high of $71,587.053, reflecting a 2.4% increase, according to The Block’s latest data. Bitcoin initially surpassed the $70,000 mark on March 8, only to experience a rapid […]