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Bitcoin Miner Hut 8 Has Larger, More Diversified Business Model Following USBTC Merger: Canaccord
5.4.2024
The broker cut its price target to $14 from $17.50 while maintaining its buy rating
Australian Asset Manager Monochrome Applies With Cboe Australia for a Spot Bitcoin ETF, Eyes Decision By Mid-Year
5.4.2024
Australian firm, Monochrome Asset Management, has applied for a spot bitcoin exchange traded fund (ETF) with the global listing exchange, Cboe Australia, it announced on Friday
Ethena Onboards Bitcoin as Backing Asset to Make USDe 'Safer'
5.4.2024
The platform will use a cash-and-carry trade to short bitcoin futures and pocket funding rates to generate yield on its USDe tokens
Crypto Derivatives Lost Overall Market Share in March Despite Hitting Record High Trading Volume of $6.18T
5.4.2024
The share of crypto derivatives in total market activity slipped to 67.8% in March, according to CCData
Bitcoin Price Prediction as BTC Bounces From $65,000 Support – Time to Buy?
5.4.2024
Bitcoin rebounds from $65,000, sparking intrigue about its future. Is this the prime time to invest as it gears up for the impending halving event?
The post Bitcoin Price Prediction as BTC Bounces From $65,000 Support – Time to Buy? appeared first on Cryptonews
Philippines SEC Says eToro Unauthorized to Sell Securities
5.4.2024
The Securities and Exchange Commission (SEC) in the Philippines said the retail trading platform eToro is unauthorized to sell or offer securities to the public in the Philippines.
The post Philippines SEC Says eToro Unauthorized to Sell Securities appeared first on Cryptonews
Ethena Labs to Scale USDe Stablecoin with Bitcoin Backing
5.4.2024
Ethena Labs plans to use Bitcoin as backing to expand the capacity and stability of USDe stablecoin, which is currently backed by only Ethereum liquid staking tokens.
The post Ethena Labs to Scale USDe Stablecoin with Bitcoin Backing appeared first on Cryptonews
US Court Sentences Onecoin’s Head of Legal and Compliance to 4 Years in Prison
5.4.2024
A U.S. court has sentenced Onecoin’s purported head of legal and compliance to four years in prison. She “facilitated and committed money laundering, aiding in the exploitation of millions of victims,” said U.S. Attorney Damian Williams. The Onecoin legal chief was also ordered...
TOKEN2049 Dubai Officially Sold Out with 10,000 Attendees Following Unprecedented Demand
5.4.2024
PRESS RELEASE. Dubai, UAE — April 5, 2024 — TOKEN2049, the premier crypto event, has officially announced that tickets for the inaugural Dubai conference have sold out over two weeks in advance with 10,000 industry participants confirmed. The unprecedented demand underscores the event’s role...
Brazil Eyes Crypto Taxation Changes in New Bill
5.4.2024
Brazil is on the verge of presenting a new crypto taxation scheme proposed in a bill to be presented to the National Congress in the coming days. The bill proposes taxing cryptocurrencies the same way as shares and capital instruments with fluctuating exchange rates, instead of categorizing them...
Goldman Sachs Wealth Management CIO: Crypto Is Not an Investment Asset Class
5.4.2024
The chief investment officer of Goldman Sachs’ Wealth Management unit does not see cryptocurrency as an investment asset class. She also believes that bitcoin “creates absolutely no value in any shape or form.” Her perspective differs from that of some other Goldman Sachs executives regarding...
Ripple’s Legal Chief Urges SEC to Own up to Its Mistakes After Years of ‘Misguided War on Crypto’
4.4.2024
Ripple’s chief legal officer has urged the U.S. Securities and Exchange Commission (SEC) to own up to its multiple missteps in enforcement actions against the crypto industry. He referenced court rulings that criticized the SEC for “gross abuse of power,” lack...
Bitcoin Exchange Reserves Plummet To Multi-Year Lows, Under 2 Million Left: CryptoQuant
4.4.2024
The number of coins available on Bitcoin exchanges has steadily fallen since the collapse of FTX.
The post Bitcoin Exchange Reserves Plummet To Multi-Year Lows, Under 2 Million Left: CryptoQuant appeared first on Cryptonews
Google Sues Chinese Nationals for Running Crypto Scam Using Google Play App Store
4.4.2024
Tech giant Google has filed a lawsuit against two Chinese nationals, accusing them of developing fraudulent cryptocurrency apps on the Google Play store and defrauding more than 100,000 users globally. “This is a unique opportunity for us to use our resources to actually combat bad actors...
Bitcoin Adds 4.5% as Stocks Reverse Lower on Hawkish Fed Commentary
4.4.2024
The world's largest crypto regained the $69,000 level at one point in the session before slipping a bit
Trillion-Dollar Asset Manager Franklin Templeton Highlights Bitcoin Ordinals’ Impact on Innovation in Recent Note
4.4.2024
Franklin Templeton, a trillion-dollar asset manager, has recently highlighted the impact of Bitcoin Ordinals on innovation in the crypto space in a note to its investors.
The post Trillion-Dollar Asset Manager Franklin Templeton Highlights Bitcoin Ordinals’ Impact on Innovation in Recent...
Crypto Economy Rebounds With 2.13% Gain; Newcomers W, CORE, and ENA Face Downturns
4.4.2024
The cryptocurrency market experienced a positive uptick on Thursday, reclaiming its position at $2.55 trillion, marking a 2.13% gain against the U.S. dollar. Despite a decrease in trading activity, with volumes at $90.78 billion over the past day, bitcoin rose by 2.3%, surpassing the $68,000...
Galaxy Digital to Debut $100 Million Crypto Fund Initiative
4.4.2024
Galaxy Digital, a cryptocurrency venture capital firm, is in talks with third parties to launch its first cooperative crypto investment fund. The fund, called Galaxy Ventures Fund I, LP, will focus on crypto projects still in their early stages and is seeking to raise and allocate $100 million...
Morgan Stanley Aims to Beat UBS as First Bank to Fully Approve Bitcoin ETF
4.4.2024
Investment banks seeking to incorporate spot Bitcoin ETFs in the US are growing in number, with Morgan Stanley and UBS eyeing the top spot.
The post Morgan Stanley Aims to Beat UBS as First Bank to Fully Approve Bitcoin ETF appeared first on Cryptonews
Banks Seek to Purchase Bitcoin Directly From BTC Mining Firm Hut 8, Says CEO
4.4.2024
Per the CEO of Hut 8, a bitcoin mining company listed on the Toronto stock exchange, major financial institutions have made inquiries to purchase bitcoin directly from the firm. Additionally, the Hut 8 executive emphasized the forthcoming halving event’s “big impact,” noting...