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Argentina Tops Latin America in Stablecoin Purchases and Holdings: Report
13.2.2024
Argentina, a nation grappling with a severe economic crisis and a plunging peso, has emerged as the leading purchaser and holder of stablecoins in Latin America over the past six months, as per a report by Mexican-founded crypto exchange Bitso. Bitso’s recently published ‘Crypto...
Spot Bitcoin ETFs Outpace MicroStrategy Holdings, Marking Significant Market Movement
12.2.2024
An unprecedented shift in the cryptocurrency market occurred on Monday as nine traditional asset management firms surpassed MicroStrategy’s Bitcoin holdings through spot Bitcoin ETFs, a report by HODL15Capital confirmed. Institutional investors are rapidly accumulating Bitcoin, marking...
78% of Institutional Traders Have No Interest In Crypto: JP Morgan
12.2.2024
New data shows that most global institutional traders have no interest in exposing holdings to digital assets although the number of pro-crypto firms has recorded a slight growth. A recent JP Morgan 2024 survey from over 4000 financial market participants shows creeping acceptance of Bitcoin...
Bitcoin Represents 53% of Clients’ Portfolio Holdings in LatAm: Bitso
12.2.2024
Bitcoin (BTC) makes up 53% of user portfolios in Latin America, reveals crypto exchange platform Bitso’s latest Crypto Landscape report. “By the end of 2023, Bitcoin represented 53% of clients’ portfolios in Latin America,” the platform noted. Source: Bitso In the face of economic turbulence...
BlackRock’s Rick Rieder Hints at Expanded Bitcoin Exposure
12.2.2024
Asset manager BlackRock may boost its Bitcoin exposure in the future. That’s according to Rick Rieder, head of global allocation at BlackRock, who is responsible for about $2.4t in assets at the investment firm. In an upcoming episode of the Wall Street Journal’s Take On the Week podcast, Rieder...
NBA Faces Class Action Lawsuit Over Voyager Digital Promotion
9.2.2024
A class action lawsuit has been filed against the National Basketball Association (NBA), accusing the league of gross negligence through its marketing agreements with the now-bankrupt crypto exchange Voyager Digital Holdings, leading to investor losses of over $4.2 billion. NBA Hit With Class...
NBA, Mark Cuban Sued for Marketing Deals With Defunct Crypto Exchange Voyager
8.2.2024
The National Basketball Association (NBA) is facing a lawsuit over its association with failed crypto exchange Voyager Digital Holdings, with investors alleging losses totaling $4.2 billion. The lawsuit claims the NBA’s involvement in a marketing deal between Voyager and Mark Cuban, former...
Microstrategy Raises Bitcoin Holdings to 190K BTC — Calls Itself ‘World’s First Bitcoin Development Company’
8.2.2024
Nasdaq-listed Microstrategy has increased its cryptocurrency holdings to 190,000 bitcoins, having acquired 31,755 additional coins since the end of the third quarter. The company now considers itself “the world’s first Bitcoin development company,” with a unique value...
MicroStrategy Bolsters Crypto Holdings with 31,755 Bitcoin Purchase in Q4 2023
7.2.2024
MicroStrategy has announced the purchase of 31,755 Bitcoin at a cost of $1.25 billion in Q4 2023, increasing the company’s total Bitcoin holdings to 190,000 units. MicroStrategy’s Fourth Quarter 2023 Financial Results report detailed the extensive acquisition and demonstrated...
Grayscale Reduces Bitcoin Holdings as Competing ETFs Continue to Bolster Reserves
7.2.2024
After the trading activity on Monday, which saw $642 million in transaction volume, Grayscale’s Bitcoin Trust sold off approximately 3,426.99 bitcoin, valued at around $147 million. Following Tuesday’s trading activity, GBTC offloaded an additional 2,565.39 bitcoin, valued at $110...
Elden Ring Mobile Version In Development, Reports Say
6.2.2024
With games like the Resident Evil 4 remake and Death Stranding becoming playable on iPhones, it seems like just about anything can be a mobile game these days. Even Elden Ring, developer FromSoftware’s 2022 open-world RPG, could be coming to phones. At least that’s according to a recent report from...
Brazilian Tax Authority Reports Bitcoin Irregularities in Over 25,000 Statements
6.2.2024
The Brazilian tax authority has reported identifying cryptocurrency irregularities in more than 25,000 tax statements. After a country-wide investigation, the institution detected that 25,126 individuals who possessed at least 0.05 BTC failed to include these holdings in its income tax statements...
Genesis Seeks Approval to Sell $1.6B in Bitcoin, Ether Trust Holdings
5.2.2024
Nearly $1.4 billion of Genesis’ assets were held in Grayscale Bitcoin Trust (GBTC), which has since converted to a spot exchange-traded fund (ETF)
9 New ETFs Capture 177,949 Bitcoin, Pulling Nearly 40M BTC off Market After GBTC Outflows
4.2.2024
In the latest reports, a number of the nine spot bitcoin exchange-traded funds (ETFs) that were launched on Jan. 11, 2024, have increased their bitcoin holdings following the last day of trading activity recorded on Feb. 2, 2024. According to the data, Blackrock’s IBIT now possesses...
Genesis Seeks Court Approval to Offload $1.4 Billion in GBTC Assets Post-SEC Settlement
4.2.2024
After reaching an agreement with the U.S. Securities and Exchange Commission (SEC), the bankrupt company Genesis Global Capital has submitted a petition to the bankruptcy court to dispose of holdings from Grayscale’s Bitcoin Trust, Ethereum Trust, and Ethereum Classic Trust. These assets...
FTX Seeks Exit from Anthropic Holdings, Proposes Entire 8% Stake Sale
4.2.2024
Bankrupt cryptocurrency exchange FTX is seeking approval to sell its 8% stake in AI startup Anthropic Holdings. The motion, filed by FTX’s current CEO, John Ray III, requests permission to sell the stake and proposes two possible procedures, including an auction or a private sale. FTX aims...
Veteran Investor Jim Rogers on Crypto: Bitcoin Unlikely to Become Money, Governments Favor CBDCs
3.2.2024
In a new interview, Jim Rogers, who helms Rogers Holdings Inc. and was a co-creator of the Quantum Fund alongside George Soros in the 1970s, shared his observation of “various signs that something is going to go wrong soon” within the U.S. economy, predicting an impending recession....
Grayscale’s GBTC Bitcoin Holdings: A $6 Billion Exodus in 22 Days
3.2.2024
According to data, Grayscale’s Bitcoin Trust, GBTC, recently released another batch of bitcoin valued at $184.19 million. GBTC’s holdings decreased from 482,592.18 bitcoin to the current 478,337.43 bitcoin in just one day, marking a reduction of 4,254.75 coins. Since Jan. 12, 2024...
Binance Freezes $4.2 Million in Stolen XRP; Ripple Investigation Aided by XRP Ledger Foundation
3.2.2024
After the unauthorized access of Ripple co-founder Chris Larsen’s personal holdings, Binance CEO Richard Teng revealed that the platform had successfully “managed to freeze $4.2 million” of the compromised assets. Teng elaborated that Binance is committed...
Blackrock’s IBIT Bitcoin Reserves Soar, Securing 70,005 BTC Valued at Nearly $3 Billion
2.2.2024
According to the latest metrics, Grayscale’s Bitcoin Trust, commonly referred to as GBTC, saw a decline of approximately 9,520.27 bitcoins, valued at around $410 million, between Jan. 31 and Feb. 1, 2024. During a two-day period, Blackrock’s spot bitcoin exchange-traded fund (ETF)...