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Bitcoin

Beleaguered crypto lender Genesis Global has received a court nod to return roughly $3 billion worth of cash and cryptocurrency to its customers. This decision comes as part of a court-approved liquidation plan, marking a significant development in the company’s bankruptcy proceedings. The move stands in contrast to the objections raised by Digital Currency Group (DCG), Genesis’ parent company. DCG argued that Genesis should only distribute the […]

Bankrupt crypto lender Genesis Global Capital has secured a crucial victory in its ongoing restructuring efforts. A US bankruptcy court judge has approved the company’s plan to distribute billions of dollars worth of digital assets and cash to creditors, rejecting a challenge from its parent company, Digital Currency Group (DCG). The decision, reached by Judge Sean Lane on Friday, paves the way for Genesis to begin returning […]

The emirate of Ras Al Khaimah in the United Arab Emirates is poised for a surge in cryptocurrency adoption thanks to a new collaboration between Tether, the world’s largest stablecoin issuer, and RAK Digital Assets Oasis (RAK DAO). This strategic partnership aims to propel the use of Bitcoin and stablecoins within the region through educational initiatives and fostering a crypto-friendly environment. Tether, the company behind the USDT […]

The Wisconsin State Investment Board (WSIB) made waves in the financial world today after it disclosed the purchase of $99 million worth of shares in BlackRock’s iShares Bitcoin Trust ETF. This move marks a significant development, as it represents one of the first major forays by a government-run investment board into the world of cryptocurrency. The WSIB, which oversees the investments of Wisconsin’s public pension funds, has […]

Hong Kong’s fledgling Bitcoin and Ethereum exchange-traded funds (ETFs) witnessed a significant setback this week, with record net outflows exceeding $39 million on Monday alone. This substantial withdrawal effectively erased any gains accumulated over the past two weeks. The outflows encompassed all six currently available crypto ETFs in Hong Kong, signifying a broad-based investor retreat from the market. The reasons behind this sudden shift in sentiment remain […]

El Salvador, the nation that took the world by storm when it adopted Bitcoin as legal tender in 2021, has taken another bold step towards cryptocurrency integration. On May 12th, the National Bitcoin Office (ONBTC) launched a dedicated mempool space, granting the public unprecedented access to the country’s Bitcoin holdings. This move signifies a commitment to transparency in El Salvador’s ongoing Bitcoin experiment. The mempool, a term […]

HONG KONG SAR – Media OutReach Newswire – 9 May 2024 – Today, IX Asia Indexes (“IXAI”) announced the launch of ixCrypto BTC/ETH 50/50 Index (“ixCrypto 50/50”) and ixCrypto BTC/ETH Proportional Index (“ixCrypto Proportional”). The two indexes are designed for cryptocurrencies beginners for their first knowledge and first investment in cryptocurrencies. The ixCrypto 50/50 and ixCrypto Proportional are developed on Bitcoin (BTC) and Ethereum (ETH) only and […]

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Decentralized finance (DeFi) has emerged as a revolutionary force in the financial landscape, offering alternatives to traditional banking systems. But within this burgeoning ecosystem, a particularly high-risk, high-reward practice has captured the imagination of many investors:yield farming. Yield farming involves leveraging DeFi protocols to maximize returns on cryptocurrency holdings. It’s akin to supercharging a staking strategy, where investors earn passive income by locking up their crypto assets […]

A curious possibility has emerged in the cryptocurrency world. Despite China’s well-documented crackdown on cryptocurrencies, speculation is brewing that mainland investors might soon be able to access Hong Kong’s newly launched Bitcoin ETFs through the Stock Connect program. This potential shift comes on the heels of Hong Kong approving the first-ever spot Bitcoin and Ether ETFs in April. These ETFs, which track the price of the underlying […]

Global digital asset funds witnessed a net outflow of $251 million this week, according to data compiled by CoinShares. This stands in stark contrast to the substantial inflows observed in Hong Kong’s new exchange-traded funds (ETFs) that track prominent digital assets such as Bitcoin and Ether. The outflows signal a cautious approach among some investors in the digital asset market, while the inflows into Hong Kong’s ETFs […]

Hut 8, a major North American Bitcoin mining company, witnessed a significant decline in Bitcoin production in April. The company produced 148 Bitcoin last month, reflecting a steep 36% drop compared to March. This news comes amidst a broader slowdown in Bitcoin mining across the industry, though the impact appears to be less severe for Hut 8’s competitors. Several other publicly traded mining companies, including Bitfarms, Cipher, […]

BlackRock,the world’s largest asset manager,is anticipating a surge of interest in Bitcoin exchange-traded funds (ETFs) from major institutional investors.These institutions,which include sovereign wealth funds,pension funds,and endowments,manage trillions of dollars collectively and their entry into the cryptocurrency space could significantly impact the Bitcoin market. BlackRock has reportedly been actively educating these institutional clients about the intricacies of Bitcoin and the newly launched spot Bitcoin ETFs.Unlike traditional futures-based Bitcoin […]

Franklin Templeton’s Ethereum ambitions took a step forward with the listing of their “Franklin Ethereum Trust Ethereum ETF” on the Depository Trust and Clearing Corporation (DTCC) website. This development, however, signifies a procedural milestone rather than a final green light. The DTCC listing represents a standard pre-launch step for ETFs, allowing for creation and redemption functions – crucial mechanisms for ensuring the fund’s market price aligns with […]

Grayscale, the world’s biggest digital currency asset manager, once again moved a significant amount of Bitcoin (BTC) to a Coinbase Prime address. The transfer, which occurred overnight, involved over 1,000 BTC, adding to a series of similar transactions in recent months. The reasons behind Grayscale’s repeated transfers of large Bitcoin sums to Coinbase Prime remain unclear. Some analysts speculate it could be linked to internal housekeeping, with […]

Morgan Creek Capital Management, a cryptocurrency investment firm, has made a bold prediction: a massive influx of capital from baby boomers is on the horizon. Mark Yusko, the firm’s CEO, believes this new wave of investment could reach $300 billion within a year, fueled by the recent approval of Bitcoin exchange-traded funds (ETFs). Yusko’s optimism stems from his belief that ETFs will finally provide a user-friendly and […]

SINGAPORE – Media OutReach Newswire – 26 April 2024 – CapBridge, a leading investment syndication and financial products platform based in Singapore, has shared their comments on Hong Kong’s recent approval for the launch of spot Bitcoin and Ether ETFs. The following insights were shared by Johnson Chen, CEO & Founder of CapBridge. On April 15, Hong Kong’s Securities and Futures Commission (SFC) gave the nod for […]

Hong Kong has cemented its position as a burgeoning hub for digital assets with the official launch date set for its first spot Bitcoin and Ethereum exchange-traded funds (ETFs). April 30th marks the culmination of efforts by the Asian financial center to establish a regulatory framework that fosters innovation in the cryptocurrency space. This move positions Hong Kong as a trailblazer in Asia, following closely behind the […]

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 24 April 2024 – On the night of 20 April, the Bitcoin network experienced its fourth halving. Having broad general economic implications, this process is important for the entire cryptocurrency world and not solely for Bitcoin holders. The 2024 Bitcoin halving, which crypto investors have been expecting for four years, has been finalised. The reward per block has been […]

Nubank, Brazil’s leading digital bank, has taken a significant step towards integrating cryptocurrency into mainstream financial services. The bank recently announced support for deposits, withdrawals, and transactions involving Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) directly through its mobile application. This move caters to the growing demand for cryptocurrencies in Brazil and reflects a broader global trend of financial institutions acknowledging the potential of digital assets. Nubank’s […]

NEW YORK, US – Media OutReach Newswire – 23 April 2024 – Qmiax Exchange recently announced an exciting development: further optimization of its OTC fiat-to-crypto exchange process, delivering a more efficient and convenient trading experience for global cryptocurrency investors. Amidst the rise of cryptocurrencies, seamless conversion between fiat and crypto assets has become a core demand for traders. Addressing this demand, Qmiax introduced innovative OTC fiat-to-crypto exchange […]

The United Arab Emirates (UAE) is rapidly becoming a leader in cryptocurrency adoption within the Middle East, according to a recent report by Bitget Research. The report highlights a surge of 166% in the average daily number of crypto traders across the region, reaching 500,000 in 2024. The UAE stands out as a frontrunner, with a significant portion, 72%, of its crypto users actively invested in Bitcoin. […]

Ethereum, the world’s second-largest cryptocurrency by market capitalization, has exhibited signs of potential recovery after a slump in the past two years. The token’s price has displayed a recent uptick, buoyed by a surge in network activity and a potential shift in investor sentiment. This tentative rally comes after a period of decline for Ethereum, mirroring a broader trend in the cryptocurrency market. However, several factors suggest […]

Pierre Person As the CEO of Usual Labs, a groundbreaking project set to issue a Real-World Asset (RWA)-backed stablecoin, I am acutely aware of the transformative power of tokenization in the financial landscape, particularly in the burgeoning market of the United Arab Emirates (UAE). As we stand on the cusp of TOKEN 2049 in Dubai, a major event in the Web3 sphere, it’s imperative to discuss the […]

XBANKING heralds a new era in cryptocurrency staking, providing a comprehensive array of 140 tokens across 30 networks. With a steadfast commitment to security and high rewards, investors can embark on a journey of financial growth London, United Kingdom – April 22, 2024 — In the dynamic realm of cryptocurrency, XBANKING emerges as the pinnacle of staking services, empowering investors worldwide. With a comprehensive offering of 140 […]

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Just in:
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