Bitcoin miner Hut 8 has successfully expanded its borrowing capacity with Coinbase, a United States-based cryptocurrency exchange, to $65 million. This comes as a result of an additional $15 million secured from a Coinbase subsidiary, as stated on January 12. This new deal is an amendment and restatement of Hut 8’s previous $50 million credit […]
The Financial Services Commission (FSC), South Korea’s main financial regulator, has issued a warning to local firms about brokering spot Bitcoin exchange-traded funds (ETFs) from the United States. The FSC’s statement, released on January 12, highlighted that such activities could potentially contravene the government’s current position on virtual assets and the Capital Markets Act.Despite this, […]
European cryptocurrency investment firm CoinShares is moving forward with a potential acquisition of its United States competitor, Valkyrie Funds. Valkyrie is an issuer of a spot Bitcoin exchange-traded fund (ETF) in the U.S. CoinShares confirmed on Jan. 12 its strategic option to acquire Valkyrie, a move that bolsters its efforts to penetrate the U.S. market.A […]
US financial giant Morgan Stanley is setting the tone by reducing bonuses for investment bankers by up to 15% following a challenging year for M&A. Wage specialists anticipate even greater declines at other financial institutions. The corporate reporting season on Wall Street has already begun. On Friday, US banking giants J.P. Morgan, Citigroup, Bank of […]
BlackRock, the world’s largest asset manager, has expressed support for an Ethereum ETF. CEO Larry Fink made these comments a day after the company’s Bitcoin ETF started trading. In a CNBC interview, Fink endorsed the idea of an Ethereum investment product for mainstream investors. He sees the value in an Ethereum ETF and believes these […]
US asset manager Blackrock is set to acquire an investment portfolio worth over $100 billion for $12.5 billion. The deal is being orchestrated by two former Credit Suisse bankers.Blackrock has agreed to the acquisition with the investment platform Global Infrastructure Partners (GIP), as announced on Friday. The purchase price of $12.5 billion will be paid […]
The United States Securities and Exchange Commission (SEC) recently approved the first regulated spot Bitcoin exchange-traded fund (ETF) in the United States, a day after an erroneous tweet caused confusion. This approval is expected to lead to the institutionalization of Bitcoin, with other factors also influencing the process.Yesha Yadav, a professor of law and associate […]
The Hedera and Algorand ecosystems have announced the formation of the DeRec Alliance at the Crypto Finance Conference in St. Moritz. This alliance is set to develop a decentralized recovery system for cryptocurrencies, aiming to make digital asset recovery secure and painless across wallets. The system also aims to integrate conventional web2 practices into the […]
The crypto world experienced a significant milestone with the launch of the first US ETFs directly holding Bitcoin. The debut was extraordinary, with nearly a dozen spot Bitcoin ETFs launching simultaneously, generating a record-breaking volume of over $4.6 billion. This event injected a jolt of excitement into the digital currency landscape.Investors, driven by pent-up demand […]
Input Output Global (IOG), the team behind the educational tool Essential Cardano, has revealed some of the latest updates in the Cardano ecosystem. These improvements, ranging from performance to scalability, have helped Cardano regain bullish momentum in the crypto market. This momentum has been further boosted by the news of the spot Bitcoin Exchange Traded […]
