Binance, the leading global crypto exchange, has released its fourteenth Proof of Reserves (PoR), providing an in-depth look into its reserves as of January 1, 2024. The disclosure is timely, given the need for trust and transparency in the crypto industry, particularly following significant disruptions such as the FTX collapse.The recent PoR, which uses the […]
Grayscale, a leading asset management firm with a portfolio of around $27 billion, has announced a significant change in its fee structure for its proposed Bitcoin ETF. The firm has reduced its management fee from 2% to 1.5%, a strategic move aimed at strengthening its position in the competitive exchange-traded fund market.In a bid to […]
Asset manager Valkyrie has led the charge among companies filing their final S-1 amendments ahead of the anticipated January 10 approval date for the first spot Bitcoin ETFs in the United States. Following closely behind Valkyrie were WisdomTree, BlackRock, VanEck, Invesco & Grayscale, and ARK Invest & 21Shares.Monday morning saw a flurry of activity as […]
In a significant development in the cryptocurrency sector, major institutions are vying for the first spot in the Bitcoin Exchange Traded Fund (ETF). Blackrock, Ark, WisdomTree, and Invesco Galaxy have all submitted updated S1 filings to the SEC. These filings were submitted within minutes of each other on January 8, marking the final stages of […]
Ripple’s XRP has achieved a significant milestone, with the number of its wallets surpassing the 5 million mark. This notable increase, which has been observed throughout 2023, indicates a growing user base and wider adoption of the asset, potentially boosting investor confidence. The start of the previous year saw the figure at approximately 4 million.This […]
Anatoly Yakovenko, co-founder of the blockchain platform Solana (SOL), has recently reaffirmed the project’s commitment to scaling at the Layer 1 level and achieving a global atomic state machine. This approach is in stark contrast to other blockchain networks like Ethereum, which are increasingly relying on Layer 2 solutions to address scalability challenges.Solana’s primary objective […]
Cathie Wood’s ARK Invest has continued its trend of selling shares in the cryptocurrency exchange Coinbase (COIN), with a further 133,823 shares sold on January 5. The stock opened trading for the day at $152.67 and ended at $153.98. The United States-based asset management company disclosed its trades for the day on social media on […]
Mercari, a leading Japanese e-commerce platform, is set to accept Bitcoin as a payment option for its flea market app-listed products starting in June. This move will be facilitated through its Tokyo-based crypto exchange subsidiary, Melcoin.While the prices of items listed on the flea market app will be shown in Japanese yen, users will have […]
Upbit Singapore, the Singaporean subsidiary of South Korean cryptocurrency exchange Upbit, has secured a Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS). This license allows the exchange to expand its business in Singapore, including growing its team, expanding its institutional business offering, and increasing the number of digital assets it lists.Prior […]
The Liechtenstein private bank, LGT, continues to expand its presence in the German market with the opening of a new location in Frankfurt am Main, according to a recent media release. This marks the fourth German location for the internationally active private bank, following the opening of branches in Hamburg in the fall of 2022, […]
