A company or a government might attempt to buy a significant amount of Bitcoin, but it would likely get tricky pretty fast, as the price will only continue to rise, analysts say.
Cathie Wood’s ARK dumps 800K Grayscale Bitcoin Trust shares
The Grayscale Bitcoin Trust, one of ARKW’s top three holdings, could lose its third-place ranking as ARK sheds its shares while increasing its holdings of Jack Dorsey’s Block.
BlackRock, ARK revise Bitcoin ETF plans along SEC’s cash-only model
BlackRock, Cathie Wood’s ARK and WisdomTree are the latest spot Bitcoin ETF applicants to revise their filings with the U.S. SEC.
Bitcoin miner Cipher buys 37K Bitmain Antminers for $99.5M
The new crypto-mining equipment to be bought by Cipher is expected to deliver 7.1 EH/s of self-mining capacity by the first half of 2025.
Hut 8 signs deal to develop new mining site to build equity with Celsius creditors
Hut 8’s new mining site in Cedarvale, Texas, will house almost 66,000 miners and will be powered by more than 215 MWof energy.
Spot Bitcoin ETF will be ‘bloodbath’ for crypto exchanges, analyst says
Spot Bitcoin ETFs could trigger unwanted consequences for crypto exchanges like Coinbase due to lower transaction fees, according to ETF analysts.
First Trust files for Bitcoin ‘Buffer ETF’ with SEC
Asset manager First Trust has filed for a Bitcoin buffer ETF with the SEC, intending to help investors mitigate risk by targeting downside protection.
First Trust files for Bitcoin ‘Buffer ETF’ with SEC
Asset manager First Trust has filed for a Bitcoin buffer ETF with the SEC, intending to help investors mitigate risk by targeting downside protection.
TMX buys 78% of ETF tool VettaFi for $848M, boosting stake to 100%
Toronto Stock Exchange owner TMX is finalizing the purchase of VettaFi, an ETF tool that lists blockchain and cryptocurrency-themed ETFs, including the VanEck Digital Transformation ETF.
Top five blockchain ETFs that returned over 100% in 2023: Data
Some crypto-linked ETFs like the VanEck Digital Transformation ETF and Global X Blockchain ETF have surged as much as 200% and higher in 2023.
3AC co-founder Su Zhu set to be released by year-end after court grilling: Report
Three Arrows Capital co-founder Su Zhu has faced his first interrogation in a Singapore court and is reportedly set to be released soon.
German asset manager DWS joins Galaxy to issue euro stablecoin
AllUnity, a new joint venture by DWS, Galaxy and Flow Traders, plans to issue the euro stablecoin on all major public permissionless L1s and L2s, DeFi use cases.
Russia debuts cross-border payments in Tether stablecoin
In addition to Tether, companies transacting through the Exved system can use the U.S. dollar and the offshore ruble, the platform said.
Cathie Wood’s ARK dumps 237K Coinbase shares at $140 per stock
The latest Coinbase sale by ARK is one of its largest daily COIN sales in 2023, third only to two massive sales in July.
Swiss city Lugano accepts Bitcoin and Tether for municipal taxes
Swiss city of Lugano officially announced that it has started accepting Bitcoin and Tether as payment for taxes and all other community fees.
Bitcoin miner Phoenix surges 50% after $371M Abu Dhabi IPO
Crypto mining firm Phoenix Group has debuted trading on the Abu Dhabi Securities Exchange, with the stock opening at $0.6.
Brazil’s largest bank Itau Unibanco launches Bitcoin trading — Report
Brazilian bank Itau Unibanco has reportedly launched a cryptocurrency trading service for its clients as part of its investment platform.
Trezor launches education initiative in Africa, funds Bitcoineta trip
Trezor has officially launched its educational program in Africa in addition to funding the local Bitcoin awareness campaign, Bitcoineta, and the Africa Bitcoin Conference.
Bitcoin market cap overtakes Berkshire Hathaway, soars past $800B
Bitcoin is now the 10th biggest asset by market cap, following Meta Platforms (formerly Facebook) and Nvidia.
Swiss crypto bank Seba rebrands to Amina amid global expansion
Seba’s new name, Amina, stems from “transamination,” meaning transference of one compound to another, symbolizing bringing different types of banking together.