Quick Take On May 28, the London Stock Exchange opened trading for crypto exchange-traded notes (ETNs), but access was restricted to regulated financial investors, excluding retail traders. This development raises questions about the demand for these ETNs, especially since European investors have already had access to digital asset ETFs for some time now. The poor …
Monthly archives: May 2024
BlackRock’s IBIT overtakes Grayscale’s GBTC Bitcoin holdings amid inflow surge
Insights BitcoinETFs Bitcoin ETFs accumulate 642 BTC on May 28, with BlackRock’s IBIT achieving milestone. Quick Take Farside data shows that Bitcoin (BTC) Exchange-traded funds (ETFs) experienced $45 million in inflows on May 28. Seven of eleven ETFs recorded positive inflows, reflecting broad interest among issuers. BlackRock’s IBIT ETF led the inflows with $102.5 million, …
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Bitcoin Well Launches Payments via Lightning Network in Canada
Bitcoin Well Inc., a non-custodial bitcoin platform, has announced the integration of the Lightning Network into its platform, enabling customers in Canada to instantly sell bitcoin from any personal Lightning Wallet. Bitcoin Well’s founder & CEO, Adam O’Brien, stated that this innovation enhances the speed, security, and cost-effectiveness of selling bitcoin, making it more user-friendly …
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Dash Now Available on Wizarbit for Purchase and Use on Debit Cards
The Dash team has announced the integration of Dash into Wizarbit, a Lithuania-regulated cryptocurrency exchange and card provider. This development allows users to purchase Dash instantly with euros at competitive rates using a credit card. Wizarbit’s unique offering includes a debit cryptocurrency card, both virtual and physical, enabling users to spend their Dash anywhere cards …
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Nomura, Laser Digital and GMO Internet Partner to Explore the Issuance of Stablecoins in Japan
Nomura, a global financial services group, Laser Digital, a digital asset-based business, and GMO Internet, the parent company of stablecoin issuer GMO-Z, have partnered to explore the issuance of U.S. dollar and yen based stablecoins in Japan. The partnership also contemplates the development of a platform to offer stablecoin issuance services to other companies. Nomura, …
Shiba Inu Flips Cardano With A 17% Surge To Become 10th-Biggest Crypto As Meme Coin Mania Returns
Shiba Inu (SHIB) flipped the layer-1 project Cardano (ADA) after a 17% pump to become the 10th biggest crypto by market capitalization amid a new […] Go to Source
Ex-Coinbase Executive Balaji Srinivasan Slams Federal Reserve’s ‘Unpredictable Monetary Policy’ – Here’s Why
Former Coinbase executive Balaji Srinivasan isn’t a fan of the U.S. Federal Reserve. Srinivasan says on the social media platform X that the Fed represents “unpredictable monetary policy,” compared to Bitcoin (BTC), which he says is “predictable monetary policy.” “If you made the graph of Bitcoin’s predicted issuance versus its actual issuance over the last …
Ethereum futures hit record highs following spot ETF approval
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
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ZKasino resurfaces with promises of returning investor funds but skepticism abounds
ZKasino, a DeFi platform recently embroiled in controversy, announced that it will return stolen funds to its investors at a 1:1 ratio. The platform, which Dutch authorities recently charged with stealing $30 million in user deposits, stated in a blog post on May 28 that investors can reclaim their Ethereum (ETH) through a newly introduced …
BlackRock adds $4.1 million of its IBIT spot Bitcoin ETF to two funds
Asset management giant BlackRock added $4.1 million worth of its spot Bitcoin ETF shares to two of its funds, according to May 28 SEC filings. The asset manager added $3.6 million of its iShares Bitcoin Trust (IBIT) shares to its BlackRock Strategic Income Opportunities Portfolio (BSIIX). It also added $486,000 worth of IBIT shares to …
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Bank of Israel Launches Digital Shekel Challenge
The Bank of Israel has announced the Digital Shekel Challenge, inviting various entities — private companies, public sector organizations, and academic institutions — to participate in the digital shekel’s experimental environment. The initiative aims to foster the development of innovative payment solutions using the digital shekel, leveraging its Application Programming Interfaces (APIs). Participants are expected …
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South African Central Bank Opts Against Publishing CBDC Study Findings
The South African Reserve Bank has reportedly decided not to unveil the findings of the initial phase of its central bank digital currency feasibility study. Instead, the central bank said it is currently focused on the second phase of the study and will release a report once it is satisfied with the progress made in …
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US Jury Convicts Two in $8M Crypto-Linked Dark Web Drug Scheme
A federal jury in Salt Lake City convicted Oluwole Adegboruwa and Enrique Isong, foreign nationals, of multiple drug-related charges. From 2016 to 2019, they generated over $8 million in cryptocurrency, including bitcoin and ethereum. Adegboruwa operated under the names “King Odua” and “Alagbada726,” converting cryptocurrencies to traditional currency. Sentencing is scheduled for August. The jury …
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Ripio CEO: Brazilian Companies Are Paying Chinese Suppliers With Cryptocurrency
Sebastian Serrano, CEO of Ripio, one of the largest exchanges in Latam, stated that Brazilian companies were already harnessing cryptocurrency to pay their Chinese suppliers. In an interview, Serrano asserted that Latam countries harnessed crypto in different ways and that Argentine companies are using cryptocurrency to protect from crippling inflation numbers. Ripio CEO Sebastian Serrano: …
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Ethereum Futures Open Interest Hits All-Time High Following ETF Approvals
Ethereum has experienced a significant increase since the U.S. Securities and Exchange Commission (SEC) approved a group of spot ether exchange-traded funds (ETFs). This week, ether reached a high of $3,980 per coin, which is approximately 18.4% below its all-time high. Amid fluctuating prices, ethereum futures markets have achieved a record high in open interest. …
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