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Canada Market Favors Crypto and Blockchain Investments Over Others in 2023

7.2.2024
Although investments in Canadian fintechs slowed down in 2023, crypto and blockchain-related investments dominated the scene. KPMG’s global Pulse of Fintech report published Tuesday found that VC-backed investments comprised over three-quarters of all deals, totaling 83 transactions valued...

JPMorgan CEO Advises Investors to Stay Away From Bitcoin — ‘My Personal Advice Is Don’t Get Involved’

19.1.2024
Jamie Dimon, the CEO of JPMorgan Chase, has advised investors to stay away from bitcoin. “My personal advice is don’t get involved,” he said. “But I don’t want to tell anyone what to do. It’s a free country.” The executive added that...

Apple and Google Remove Several Major Crypto Exchanges From App Stores in India Following Regulatory Crackdown

16.1.2024
Apple and Google have removed several major crypto exchanges from their app stores in India after the Indian Financial Intelligence Unit flagged nine crypto service providers as operating illegally in the country. Various telecom networks and internet service providers in India are also blocking...

Digital Asset Investment Products See $1.18 Billion Inflows Amid Excitement Around Launch of Spot Bitcoin ETFs

15.1.2024
Last week, digital asset investment products witnessed a significant surge in inflows, totaling an impressive $1.18 billion, albeit subject to a T+2 settlement. Digital Assets Investments Still Behind ETPs Despite Record Inflows While this influx of capital is noteworthy, it falls just shy of...

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 Exercises Option to Buy Bitcoin ETF Provider Valkyrie to Add U.S. Arm

12.1.2024
CoinShares said the decision is a direct result of the SEC's approval of the listing of a spot bitcoin ETF

Bain and Company: Tokenization Can Unlock a $400B Yearly Alternative Investment Opportunity

5.1.2024
A report issued in December by Bain and Company and JPMorgan executives recognized the impact that tokenization can have in bringing alternative investments (such as private equity, private credit, real estate, and hedge funds) to individual investors. The document states that this can be a $400...

Grayscale Updates Spot Bitcoin ETF Application but Left out Some Key Information

3.1.2024
Crypto asset management firm Grayscale Investments has updated its spot bitcoin ETF filing in hope of being included in the initial round of decisions by the U.S. Securities and Exchange Commission (SEC). However, the firm has omitted some key information that the SEC reportedly wants included...

Barry Silbert Resigns as Chairman of Grayscale Investments

26.12.2023
Digital Currency Group (DCG) founder Barry Silbert has resigned from his position as the chairman of Grayscale Investments. Current DCG chief financial officer Mark Shifke succeeds Silbert and is joined by Edward McGee and Matthew Kummell as members of the new look board. Preparing...

Coinbase CEO Highlights Crypto’s Impact on Economic Freedom — Calls Crypto ‘the Future of Money’

22.12.2023
Coinbase CEO Brian Armstrong has highlighted that crypto isn’t just here to say but it’s the future of money. Emphasizing that cryptocurrency “gives people economic freedom, ensuring access to their own money and fair participation in the economy ungated by powerful legacy...

Spot Bitcoin ETFs Poised to Tap $30 Trillion Market, Says Grayscale CEO

20.12.2023
Grayscale Investments expects the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) to allow the $30 trillion advised wealth market to gain exposure to bitcoin. “I do think there is a lot of optimism in the market,” said...

SEC’s Preference Prevails: Blackrock Adopts Cash Model for Spot Bitcoin ETF

19.12.2023
Blackrock, the world’s largest asset manager, has acquiesced to the U.S. Securities and Exchange Commission (SEC)’s preference for the cash creation model rather than the in-kind model for its spot bitcoin exchange-traded fund (ETF). “Blackrock has gone cash only. That’s basically...

Survey: 4 in 5 Institutional Investors Agree Crypto Has Important Role in Global Financial Industry

19.12.2023
An institutional investor survey conducted by digital asset bank Sygnum indicates a shift from skepticism to advocacy, “with over 80% now agreeing that crypto has an important role to play in the global financial industry,” said the bank’s digital asset research manager. “It’s now truly...

KuCoin Labs Invests in BTC Layer 2 Dovi to Advance Bitcoin Ecosystem Development

11.12.2023
Source: KuCoin KuCoin Labs, the corporate VC arm of the KuCoin ecosystem, has announced a strategic investment to further Bitcoin ecosystem development. The KuCoin investment platform is tapping the Bitcoin Layer 2 smart contract platform Dovi, to help it achieve its “pivotal milestones.” “KuCoin...

Grayscale Report Sheds Light on Bitcoin’s Broad Ownership and ‘Sticky Supply’ Dynamics

1.12.2023
A new report from Grayscale Investments reveals that bitcoin ownership is more widely distributed than commonly believed, with 74% of addresses holding less than $350 worth. However, around 40% of bitcoin supply is concentrated among institutions like exchanges, miners, governments, public...

Crypto exchange FTX gets nod to sell $873M of assets to repay creditors

30.11.2023
Nearly $700 million of the $873 million trust assets allowed to be sold by FTX comes from Grayscale’s flagship product, the Grayscale Bitcoin Trust, or GBTC

Coinbase CEO Says Binance Settlements Allow Crypto Industry to ‘Turn the Page’

29.11.2023
Coinbase CEO Brian Armstrong says the enforcement action against Binance has allowed the crypto industry to “turn the page.” He emphasized: “There are many, many companies in crypto that are helping build the crypto economy and update our financial system globally. But many of them...