BlackRock, the asset management giant, is poised to make a significant impact on the Exchange Traded Fund (ETF) market. Matthew Sigel, head of digital asset research at VanEck, recently revealed that BlackRock has over $2 billion ready for trading in its new ETF in the first week. If this comes to fruition, it would be […]
As Bitcoin (BTC) spot ETF approvals appear imminent, applicants are vying to attract investor interest and capital before their rivals. Several billion-dollar asset managers, including VanEck, HashDex, and Bitwise, are promoting commercials to entice customers to invest in Bitcoin.Bitwise was among the first to launch a significant ad campaign, hiring Jonathan Goldsmith, known for his […]
As institutional capital is expected to flow into the Bitcoin ecosystem through exchange-traded funds (ETFs), companies and executives are reshaping their business strategies for 2024. Bitcoin mining company CleanSpark has revealed plans for an in-house trading desk, which will manage and trade its large Bitcoin holdings internally, rather than relying on external brokers or financial […]
Renowned Bitcoin advocate Cathie Wood’s investment firm is reportedly selling off its Coinbase holdings, with $30 million worth of COIN shares disposed of in recent days. This move has led to speculation that Wood is anticipating a “sell the news” event following the approval of a Bitcoin spot ETF, which she has been vocal in […]
MultiBit, a bridge between EVM and bitcoin, has incorporated Alchemy Pay’s On-Ramp solution on its platform. This integration is designed to enhance user convenience by allowing them to use their preferred fiat payment methods to acquire $MUBI tokens on MultiBit’s platform. Additionally, the $MUBI token is now integrated into Alchemy Pay’s fiat On-Ramp.As a cross-bridge […]
The waiting period for Ethereum [ETH] validators to withdraw their staked ETH has seen a significant increase, reaching unprecedented levels since the Shapella Upgrade last year. Currently, a validator would have to wait nearly five days to exit the network and become eligible for withdrawals, according to an analysis of the validatorqueue.com dashboard.This surge in […]
Crypto exchange Coinbase has announced plans to launch crypto-linked derivatives in the European Union (EU). The US-based exchange is set to acquire a holding company with a MiFID II license, which will enable it to offer regulated derivatives in the EU. This move is part of Coinbase’s global expansion strategy, with the exchange currently only […]
Cryptocurrency exchange heavyweight, Coinbase, has unveiled plans to acquire a Markets in Financial Instruments Directive (MiFID)-licensed entity based in Cyprus. This strategic acquisition is aimed at expanding Coinbase’s derivatives offerings across the European Union.The acquisition, which is still subject to regulatory approval, is expected to significantly boost Coinbase’s market presence by 2024. The company is […]
A group of former Citigroup executives have launched a startup to offer Bitcoin-backed securities that they claim do not require approval from the US Securities and Exchange Commission (SEC). The startup, named “Receipts Depository Corporation (RDC),” aims to cater to the institutional demand for Bitcoin investments that may not be met by spot Bitcoin exchange-traded […]
Marathon Digital Holdings has made a significant mark in the cryptocurrency mining industry, setting a new record by mining 1,853 Bitcoin in December 2023. This achievement not only surpasses the company’s previous records but also sets a new high in the entire Bitcoin mining sector.The Florida-based company’s output in December represented a 56% increase over […]
