Category: Fiat

MicroStrategy’s Bold Bitcoin Investment Move

MicroStrategy, the software firm now doubling as a “Bitcoin development company,” is making waves again in the cryptocurrency world with its latest strategic move. The company has disclosed plans for another substantial private sale, aiming to amass an even larger Bitcoin portfolio. This Wednesday, MicroStrategy announced its intention to offer $500 million worth of convertible […]

Hong Kong Dives Deeper: Phase Two of e-HKD Pilot Focuses on CBDC Innovation

Hong Kong is taking a significant leap forward in its exploration of central bank digital currencies (CBDCs). Today, the Hong Kong Monetary Authority (HKMA), the territory’s de facto central bank, launched the second phase of its e-HKD pilot program. This new phase will delve deeper into the functionalities of a digital Hong Kong dollar, focusing […]

Finder Wins in Australia: Court Rules Crypto Product Wasn’t a Security

In a landmark decision with significant ramifications for the Australian crypto industry, a court has ruled in favour of Finder Wallet in a lawsuit brought by the country’s financial watchdog, the Australian Securities and Investment Commission (ASIC). The lawsuit, filed in December 2022, centred around Finder’s Earn product, a program that offered consumers returns on […]

CoinShares Acquires Valkyrie Funds, Strengthens US Bitcoin ETF Presence

European digital asset powerhouse CoinShares has made a bold move to solidify its presence in the U.S. market, finalizing its acquisition of Valkyrie Funds LLC. This strategic acquisition, announced on Tuesday, grants CoinShares a two-pronged advantage: access to Valkyrie’s established foothold in the American market and the coveted sponsor rights to their highly anticipated Bitcoin […]

MicroStrategy’s Bold BTC Accumulation

MicroStrategy, a software company known for its assertive investment strategy in Bitcoin, has significantly bolstered its position in the cryptocurrency market with the latest acquisition of 12,000 Bitcoin (BTC). This purchase elevates its total holdings to a staggering 205,000 BTC, valuing its Bitcoin treasury at approximately $14.7 billion at current prices. The realm of corporate […]

Grayscale’s Strategic Move with Bitcoin Mini ETF

Grayscale is set to revolutionize the cryptocurrency investment landscape once again with its latest venture, the Grayscale Bitcoin Mini Trust (BTC). This innovative ETF product aims to rejuvenate the Grayscale Bitcoin Trust (GBTC) after a challenging period marked by significant outflows. The S-1 statement filed reveals that the BTC will serve as a “Spin-Off” from […]

Dimming Hopes for May Ethereum ETF Approval

Analysts from Bloomberg have notably adjusted their expectations, reducing the probability of a spot Ethereum ETF being greenlit by May to just 30%. This adjustment reflects a considerable shift from earlier optimistic projections, underscoring the intricate dance between regulatory processes and market anticipation. At the outset of the year, Bloomberg Senior ETF Analyst Eric Balchunas […]

London Stock Exchange Opens Doors to Crypto ETNs

Traditional institutions like the London Stock Exchange (LSE) are ready to embrace the potential of cryptocurrency. In a landmark announcement on Monday, the LSE declared its intention to start accepting applications for Bitcoin and Ether exchange-traded notes (ETNs) in the coming months, specifically during the second quarter of 2024. This decision signifies a significant shift […]