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Microstrategy’s Stock Soars 206% After Adopting Bitcoin Strategy
12.8.2023
Microstrategy’s stock (Nasdaq: MSTR) has risen 206% after the company adopted bitcoin as its primary treasury reserve asset. The business intelligence firm now holds 152,800 bitcoins, acquired for a total cost of $4.53 billion, and it has plans to buy even more. Microstrategy’s Stock...
Bitcoin Faces Increased Risk Relative to Stocks: Commodity Strategist Mike McGlone Warns of Challenges
7.8.2023
Seasoned commodity strategist Mike McGlone says bitcoin is now riskier relative to stocks, while he further warned that economic downturn pressures may hold silver prices at bay. Bitcoin Volatility Low, Silver Faces Challenges: McGlone In a client communication dated August 2, 2023, the prominent...
Microstrategy Increases Bitcoin Holdings to 152,800 BTC — Plans to Buy More With $750 Million Stock Sales
3.8.2023
Nasdaq-listed Microstrategy has disclosed that it now holds 152,800 bitcoins, acquired for $4.53 billion. A total of 12,800 bitcoins were acquired in the second quarter. The company also revealed that it plans to buy more bitcoin with proceeds from sales of its common stock of up to $750 million....
Stronghold Expands Operation With $3M Acquisition of 2,000 Canaan Bitcoin Miners
27.7.2023
Stronghold Digital Mining announced Thursday it has acquired 2,000 application-specific integrated circuit (ASIC) bitcoin mining rigs from Canaan. The new machines, costing $3 million, will be delivered to Stronghold’s Panther Creek facility in the third quarter. Stronghold Digital Mining...
Ant Group reportedly plans IPO, blockchain firm discloses offer price on Nasdaq, and more
26.7.2023
Ant Group is reportedly cutting off its blockchain and database management businesses from its main entity to prepare for an upcoming public offering
Wall Street Grapples with Crypto Custody: Nasdaq's Decision Sparks Activity
25.7.2023
A decision by the Nasdaq stock exchange to shelf its plans to launch a crypto custody service has led other US firms to also reconsider their planned push into crypto.
Following the Nasdaq news, major investment bank Citigroup is now also taking time to rethink its approach to crypto, with...
Why Nasdaq Backing Out of Custody Is Bad, Bad News for Crypto
20.7.2023
If a financial giant can’t navigate the red tape, who can?
Nasdaq Abandons Crypto Custody Service Amid U.S. Regulatory Challenges
20.7.2023
Nasdaq has scrapped plans for a cryptocurrency custody service amid recent regulatory challenges.
During an earnings call on Wednesday, Nasdaq CEO Adena Friedman said the company has chosen to abandon its plans due to the changing business and regulatory landscape in the United States....
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Nasdaq Halts Crypto Custody Plans Amid Tough US Regulatory Environment
19.7.2023
Adena Friedman, CEO of Nasdaq, the international securities marketplace, announced that the firm is postponing its cryptocurrency custody plans due to the United States’ “regulatory environment.” During a Q2 earnings call, Friedman disclosed that Nasdaq aimed to launch...
Nasdaq halts launch of cryptocurrency custody service
19.7.2023
Nasdaq said it remains committed to the digital asset business development and will be monitoring the market events in the near future
Nasdaq Halts Plan for Crypto Custody Service Due to U.S. Regulatory Conditions
19.7.2023
The stock market operator had said in March, that it was putting together infrastructure and regulatory approval for the custodian service
Valkyrie ‘BRRR’ spot Bitcoin ETF enters SEC’s Nasdaq rulemaking list
18.7.2023
The SEC has accepted for review the Valkyrie spot Bitcoin ETF filing named “BRRR,” which is a reference to a popular meme in the Bitcoin community
Coinbase, Other Crypto Exchanges Relist XRP Following Ruling in SEC v Ripple Case
14.7.2023
The Nasdaq-listed cryptocurrency exchange Coinbase has relisted XRP following a landmark ruling in the U.S. Securities and Exchange Commission (SEC) v. Ripple Labs case. Several other crypto exchanges have also resumed trading of XRP. Crypto Exchanges Bring Back XRP Trading Following the landmark...
US Inflation Hits Two-Year Low, Boosting Stocks and Precious Metals
13.7.2023
On Wednesday, July 12, 2023, the U.S. Bureau of Labor Statistics released the Consumer Price Index report for June, showing a 3% increase in inflation, the lowest level since March 2021. The U.S. inflation rate has fallen for 12 consecutive months, with the index rising 0.2% on a monthly basis....
Cathie Wood’s ARK sells 135k Coinbase shares as COIN hits $90
12.7.2023
Cathie Wood is taking profits from ARK Invest's Coinbase holdings by selling a small portion of its COIN stash
BlackRock’s Bitcoin ETF Application Takes Surveillance to the Next Level
11.7.2023
An Information-Sharing Agreement, which appears to be absent from public spot Bitcoin ETF filings, compels a crypto exchange to share trading data up to and including personal information such as a customer’s name and address
Mawson Infrastructure Group Deploys 2,600 Bitcoin Miners at Newly Secured Pennsylvania Site
6.7.2023
Mawson Infrastructure Group, a publicly-listed bitcoin mining operation, announced on Thursday that it has acquired a new mining site in Bellefonte, Pennsylvania. The company detailed that it has swiftly deployed 2,600 bitcoin miners at the location. Mawson Secures Pennsylvania Site, Deploys 2,600...
Nasdaq Refiles Valkyrie's Bitcoin ETF Application with Coinbase Surveillance-Sharing Agreement
6.7.2023
Stock exchange giant Nasdaq has refiled Valkyrie’s application for a spot Bitcoin exchange-traded fund (ETF) with Coinbase as its “surveillance-sharing” partner.
As per a July 3 filing with the U.S. Securities and Exchange Commission (SEC), the stock exchange submitted a proposed rule change...
Bitcoin Leaves Major Assets in the Dust: Surges 80% in the First Half of 2023, Soars to 12th Largest Global Asset
5.7.2023
In the first half of 2023, eye-opening statistics reveal that bitcoin (BTC), the leading cryptocurrency, demonstrated remarkable performance by surpassing various significant assets such as the Nasdaq Index, Nikkei 225 Index, Dow Jones, S&P 500, Russell 2000, spot gold, the U.S. Dollar Index...
Nasdaq refiles Valkyrie's spot Bitcoin ETF application, includes Coinbase as surveillance partner
5.7.2023
The filing followed similar applications from asset managers BlackRock and Fidelity in the last 7 days to include information on surveillance-sharing agreements