Category: Fiat

Vortex Brands investment strategy: Acquires MicroStrategy Stock

Vortex Brands, a prominent Bitcoin mining company, has announced a strategic shift in its investment approach by beginning to acquire shares in MicroStrategy. This move is designed to leverage MicroStrategy’s Bitcoin-focused business model and align with Vortex Brands’ optimistic view on Bitcoin and digital assets. Strategic Acquisition On August 28, Vortex Brands revealed that it […]

Hong Kong Bitcoin ETFs Hit $272 Million in Assets

Hong Kong’s burgeoning Bitcoin ETF market has reached a new milestone, with three spot exchange-traded funds collectively amassing over HK$2 billion (approximately $272 million) in assets under management. This achievement underscores the increasing acceptance and institutional interest in Bitcoin within Asia’s financial markets. Background on Hong Kong’s Bitcoin ETFs Earlier this year, Hong Kong approved […]

Franklin Templeton Joins Avalanche

Franklin Templeton, a prominent asset manager, has expanded its innovative OnChain U.S. Government Money Fund (FOBXX) to the Avalanche blockchain. Enhancing accessibility for institutional investors through its Benji Investments platform. This move marks another significant stride in the fusion of traditional finance and cryptocurrency by enabling investments via digital wallets on a cutting-edge network. Franklin […]

Goldman Sachs Bitcoin ETFs: Major New Investments Revealed

Goldman Sachs has publicly revealed significant investments in Bitcoin-related exchange-traded funds (ETFs) through its recent 13F filing, marking a pivotal shift in its approach to digital assets. The filing, which covers the quarter ending June 30, shows the banking giant embracing cryptocurrency with substantial holdings in several prominent Bitcoin ETFs. Details of Goldman’s Bitcoin Investments […]

European Hedge Fund Capula Management’s Heavy Investment

Capula Management, a leading hedge fund based in London, has significantly increased its Bitcoin exposure, investing over $420 million through exchange-traded funds (ETFs), as detailed in a recent regulatory filing with the U.S. Securities and Exchange Commission (SEC). Let’s understand the depth of Capula Management’s Heavy Investment. Details of the Investment According to the filing, […]

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 […]