Category: Fiat

President Bukele Proposes Bitcoin Investment Bank in El Salvador

El Salvador’s President Nayib Bukele is advancing his economic agenda with a groundbreaking proposal to establish a private investment bank tailored for Bitcoin investors. This initiative aims to expand the financial services available to investors beyond what traditional banks offer, potentially transforming El Salvador into a hub for digital currency investments. Salvadoran Ambassador to the […]

Crypto ETF Expansion: A Mix of Greed and Opportunity

According to Tether and WAX co-founder William Quigley, the momentum behind cryptocurrency ETFs in the United States is set to accelerate, spurred by Wall Street’s insatiable greed for new, profitable products. Following the approvals of spot Bitcoin and Ethereum ETFs, Quigley forecasts a rapid proliferation of similar products for other major cryptocurrencies like Solana and […]

Riot Platforms Increases Stake in Bitfarms Despite Rejected Takeover Bid

Riot Platforms, a major player in the Bitcoin mining industry, persists in acquiring shares of Bitfarms even after its initial takeover bid was turned down. Toronto-based Bitfarms labeled Riot’s April offer, which valued the company’s shares at $2.30 each, as undervaluing the company. This rejection came despite Bitfarms’ share price standing at $2.81 just before […]

Bitcoin ETFs See Major Outflows Amid Market Volatility

U.S.-listed bitcoin (BTC) exchange-traded funds (ETFs) experienced significant net outflows on Thursday, marking the third consecutive day of withdrawals this week. This trend is reminiscent of the substantial outflows witnessed at the end of April. Preliminary data from SoSoValue indicates that Fidelity’s FBTC recorded the highest outflow, with $106 million withdrawn. Grayscale’s GBTC saw $62 […]

U.S. Spot Bitcoin ETFs Experience Record Outflows

On June 11, U.S. spot Bitcoin ETFs witnessed a dramatic $200 million in net outflows, marking the most significant single-day loss since May 1, when outflows reached $564 million. This sharp decline in investor interest primarily affected the Grayscale Bitcoin Trust (GBTC), which saw the highest net outflows of $121 million, and the Ark Invest […]

Australia Enforces Crypto and Credit Card Gambling Ban

The Australian government has officially enforced a ban on gambling sites accepting crypto and credit cards, a regulation that was announced last year. As of today, the compliance window has closed, and online gambling portals in Australia now face potential fines up to $155,000 for violations. This move is part of a broader effort to […]

Spot Bitcoin ETFs Experience Sudden Outflows

June 10 marked a significant shift in the investment landscape for U.S. spot Bitcoin ETFs, which recorded net outflows of $65 million, ending a 19-day streak of consistent inflows. According to data from Farside Investors, this reversal is notable as the last instance of net outflows occurred nearly a month prior, on May 10, with […]

Bitcoin ETFs Surge Despite Market Volatility

Amid a tumultuous week in the cryptocurrency market, Bitcoin exchange-traded funds (ETFs) have seen a significant influx of funds, securing nearly $2 billion worth of BTC deposits, as reported by CoinShares. Last Friday, the price of Bitcoin took a steep dive below $69,000, a sharp decline influenced by unexpectedly robust jobs data from the U.S. […]