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VanEck Plans To Close and Liquidate its Bitcoin Futures ETF “XBTF”
17.1.2024
Asset management firm VanEck will close and liquidate its Bitcoin futures ETF “XBTF,” less than two years after its initial launch. In an announcement posted on January 17th, VanEck announced that its board of trustees had approved the liquidation. The company will now liquidate...
Value of Crypto Projects in Switzerland and Liechtenstein Surges 107% YoY to $382.93 Billion: Report
17.1.2024
Switzerland and Liechtenstein’s crypto projects value surged by 107% year-over-year to $382.93 billion, led by Ethereum, amidst broader market recovery and innovation. According to a report by Swiss venture capital firm Crypto Valley (CV VC), the value of cryptocurrency projects based...
Nigerian Crypto Startup Reveals Closure of $2.3 Million Strategic Funding Round
17.1.2024
The Nigerian crypto startup revealed on Jan. 16 that the firm had closed a $2.3 million strategic fund to finance the acquisition of operating licenses from different African regulators. Canza Finance said it hopes the new licenses and the defi platform will help it achieve its goal of lowering...
Top 10 Crypto Exchanges Saw $34.26 Trillion Trading Volume in 2023, Binance Maintained Top Rank: Report
17.1.2024
The combined trading volume of the top 10 crypto exchanges in 2023 reached a staggering $34.26 trillion, a 16% decline from the previous year, cryptocurrency rating and research firm TokenInsight revealed in a report today. Binance Retained Top Rank Despite Lawsuits Binance, one of the leading...
Analyst Advises Investors to Buy the Bitcoin Dip — Predicts ‘Asymmetric Upside Ahead’
17.1.2024
A senior analyst with global asset management firm Alliance Bernstein has recommended that investors buy the bitcoin dip and focus on “the new bitcoin adoption cycle.” His advice followed the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange...
Tether Responds to UN Report Alleging Involvement in Illicit Activity, Disputes Claims
16.1.2024
Major stablecoin firm Tether has responded to the United Nations (UN) report highlighting the alleged involvement of the Tether stablecoin USDT in illicit activity. Tether Challenges UN Report and Calls for Blockchain Education Read more ⬇️https://t.co/RM474wIiqo — Tether (@Tether_to) January...
Over $4 Million Worth of Assets Stolen By Solana Wallet Drainers: Scam Sniffer
15.1.2024
Source: AdobeStock / Tomasz Bidermann Blockchain security firm Scam Sniffer says over $4 million worth of digital assets have been stolen by Solana wallet drainers in phishing attacks in the past month. Solana users should be vigilant for phishing attacks In a recent report, the firm tracked...
Vanguard Deepens Anti-Crypto Stance After Disallowing Spot Bitcoin ETF Trading — Ark CEO Says ‘It’s a Terrible Mistake’
14.1.2024
Investing giant Vanguard has doubled down on its anti-bitcoin and anti-crypto stance after disallowing investors access to spot bitcoin ETFs approved by the U.S. Securities and Exchange Commission (SEC) this week. The firm has also announced that it will no longer accept the purchase...
Vanguard Blocks Customers From Trading SEC-Approved Spot Bitcoin ETFs
13.1.2024
Several investment firms, including Vanguard, reportedly block customers from trading spot bitcoin exchange-traded funds (ETFs). “Our perspective is that these products do not align with our offer focused on asset classes such as equities, bonds, and cash,” the firm explained....
Coinshares Expands US Footprint Through Strategic Takeover of Valkyrie and Its Array of ETFs
12.1.2024
On Friday, Coinshares International Limited, announced that the firm has acquired Valkyrie Funds LLC, the U.S.-based digital asset manager. The Saint Helier company said the decision comes after a direct result of Valkyrie’s spot bitcoin exchange-traded fund (ETF) approval. Coinshares Amplifies...
Ripple Faces SEC Pressure for Financial Transparency in Ongoing Legal Saga
12.1.2024
Source: Adobe / Dennis The legal battle between US-based blockchain payments firm Ripple and the US Securities and Exchange Commission (SEC) has taken a new turn as the SEC seeks to compel Ripple to disclose its financial statements for the years 2022-2023. The regulator filed the motion...
Fundstrat Says Bitcoin Is Headed for $150K — Predicts BTC Could Hit $500K in 5 Years
12.1.2024
Financial research firm Fundstrat’s head of research has predicted that the price of bitcoin is headed for $150K and could hit $500K in five years. Emphasizing the cryptocurrency’s finite supply and “a potentially huge increase in demand with a spot bitcoin approval,”...
South Korea Regulator Holds Firm Stance Against Crypto ETFs Approval
12.1.2024
Source: AdobeStock While the US has finally approved a decade-long wait for Bitcoin exchange-traded funds (ETFs), South Korea still stands firm in banning BTC ETFs. South Korea’s Financial Services Commission (FSC) said that the launch of virtual currency ETFs is “impossible”...
South Korean Crypto-related KOSDAQ Stocks Soar on Bitcoin ETF News
12.1.2024
Source: mirsad/Adobe South Korean crypto-related KOSDAQ stocks “soared” on the news of the US Securities and Exchange Commission (SEC)’s approval of 11 Bitcoin spot ETFs. No South Korean crypto firm has yet floated on the Korean Exchange. However, several listed companies have...
StarkWare CEO Uri Kolodny Steps Down for Health Reasons, Continues as Board Member
11.1.2024
Source: StarkWare Uri Kolodny, the CEO and co-founder of StarkWare Industries, has stepped down from his role due to family health issues. However, he will remain a board member of StarkWare and Starknet Foundation. Announcing his decision on X, Kolodny appointed Eli Ben-Sasson, the president...
Stablecoin Issuer Circle Plans to Go Public, Files Confidentially With US Securities Regulator
11.1.2024
Circle Internet Financial, a fintech company and issuer of the stablecoin usd coin, has disclosed its move toward an initial public offering (IPO). The firm revealed that it has confidentially submitted a Form S-1 with the U.S. Securities and Exchange Commission (SEC). This strategic step by Circle...
Infra Firm Set to Launch EVM That Solves Bitcoin’s Limited Use Issue, Secures $7 Million
11.1.2024
Source: AdobeStock / Syda Productions Web3 infrastructure firm Bitfinity Network has raised millions from major backers, while nearing the launch of its Ethereum Virtual Machine (EVM). Its founder talked with Cryptonews about how this EVM works to solve the issue of Bitcoin’s limited use, as well...
Skybridge Capital’s Anthony Scaramucci States Biden’s Anti Crypto Policies Will Cost Him the Election
11.1.2024
Anthony Scaramucci, founder of Skybridge Capital, a private global investment firm, believes that the anti-crypto policies brought by the Biden administration might affect the outcome of the upcoming elections. He states that 52 million Americans, representing 20% of the voting population...
Binance Spot Market Share Spiked First Time in Months as BTC Futures Products Rise: CCData
11.1.2024
Source: Adobe The cryptocurrency market recorded massive gains towards the end of 2023 in several areas as the uptick in asset prices was seen in centralized exchange numbers, institutional funds, and decentralized applications (dApps). A Jan 10 market report by cryptocurrency research firm CCData...
VanEck Launches Pro-Crypto Ad Campaign; Arbitrum and Borroe Finance Anticipate Significant Gains
11.1.2024
VanEck, a renowned asset management firm, has stirred the crypto market with its latest move – launching a pro-crypto advertisement titled “Born to Bitcoin.” This strategic decision comes amidst their pending application for a spot Bitcoin exchange-traded fund with the U.S. Securities...