Category: Fiat

MicroStrategy’s Bold Move: 10-for-1 Stock Split Announced

MicroStrategy, a renowned player in both Bitcoin software development and enterprise analytics, has made headlines with its announcement of a 10-for-1 stock split for its class A and class B common stock. This strategic decision was revealed on Thursday, aimed at making the company’s rapidly appreciating stock more accessible to a broader audience of investors […]

KuCoin Springs VAT on Nigeria’s Crypto Trades: A New Tax Era?

In a significant move signaling regulatory changes, cryptocurrency exchange KuCoin announced it will start imposing a Value-Added Tax (VAT) of 7.5% on transaction fees for its Nigerian users, effective from July 8, 2024. This decision follows a “regulatory update” in Nigeria, marking a pivotal shift in the country’s approach to cryptocurrency taxation. KuCoin, in an […]

Ether ETFs Await U.S. Debut

In a significant financial shift, professional investors have withdrawn over $120 million from ether (ETH)-tracked exchange-traded products (ETPs) in just two weeks, according to a recent report from crypto firm CoinShares. This marks the largest outflow since August 2022, with $60 million departing each week. Despite these substantial outflows, the landscape for other crypto ETPs […]

Germany’s Bitcoin Sell-off Spree: What’s Driving the Strategy?

In a notable move on Tuesday, the German government transferred 282.74 BTC, valued at approximately $17.64 million, to major cryptocurrency exchanges including Bitstamp, Coinbase, and Kraken. This action occurred at 4:20 p.m. Central Indonesian Time, continuing a broader trend of divestment by Germany, with over 3,000 BTC moved to centralized exchanges in just the past […]

21Shares Sparks ETF Buzz with New Solana Proposal

21Shares has officially thrown its hat into the ring with a new filing to the United States Securities and Exchange Commission (SEC) for the launch of the 21Shares Core Solana ETF. This move closely follows VanEck’s initiative to introduce a similar Solana-based spot ETF, signaling a growing institutional appetite for Solana (SOL) among leading financial […]

T-Rex Group’s Spicy Bitcoin ETFs Set to Ignite TradFi

Investors looking for a thrilling ride in the financial markets might soon have just the ticket, as the T-Rex Group has thrown its hat into the ring with a filing for several MicroStrategy ETFs. These new offerings are not just your standard fare; they’re designed to give investors leveraged exposure to Bitcoin’s price movements through […]

Nigeria Tightens Crypto Regulation: 30-Day Ultimatum

In a significant regulatory move, Nigeria’s Securities and Exchange Commission (SEC) has issued a 30-day ultimatum to all cryptocurrency exchanges and digital asset traders operating within the country to re-register their businesses or face potential enforcement actions. This directive marks a pivotal step in Nigeria’s broader strategy to bring digital assets trading under stricter regulatory […]

Crypto Countdown: Major Options Expiry Stirs Market Volatility

As the clock ticks toward another significant event in the cryptocurrency markets, traders are gearing up for a major options expiry event set for this Friday at 08:00 UTC. Deribit, the leading crypto derivatives exchange, is preparing for the expiration of bitcoin (BTC) options worth $6.68 billion and ether (ETH) options worth $3.5 billion. This […]