Category Archive: Cryptocurrency, No picture
UBS launches tokenized treasury fund on Ethereum
Key Takeaways UBS Asset Management launched its first tokenized fund on the Ethereum blockchain. The bank manages $5.7 trillion in assets and aims to meet growing investor demand for tokenized financial assets. Share this article UBS Asset Management announced today the launch of its first tokenized fund, the “UBS USD Money Market Investment Fund Token” […]
Coinbase finds FDIC discouraging banks from offering crypto banking services in over 20 instances
Key Takeaways Coinbase found over 20 FDIC letters restricting banks from offering crypto services. FDIC’s concerns include consumer protection and financial stability with crypto risks. Share this article Coinbase recently discovered over 20 documented cases where the Federal Deposit Insurance Corporation (FDIC) advised banks to pause or avoid crypto-related activities. The Vaughn Index, filed by the […]
SEC ordered to file Ripple appeal brief by Jan. 15, 2025
Key Takeaways The SEC must file its opening brief in the Ripple appeal by January 15, 2025. Ripple’s chief legal officer confirms appeal doesn’t challenge XRP’s security status. Share this article The United States Court of Appeals for the Second Circuit has ordered the SEC to submit its opening brief in its appeal against Ripple […]
Metaplanet stock soars over 1,000% this year as firm adopts Bitcoin strategy
Key Takeaways Metaplanet stock surged 1,017% after adopting a Bitcoin strategy, becoming Japan’s best-performing stock in 2024. The firm has accumulated over 1,000 BTC with unrealized gains of $8 million due to rising Bitcoin prices. Share this article Metaplanet’s Bitcoin adoption has sent its stock soaring around 1,017% so far this year, making it the […]
Trump’s VP pick JD Vance owns up to $500,000 in Bitcoin
Key Takeaways Vance’s Bitcoin holdings are valued between $250,000 and $500,000. His fortune is significantly higher than the median US household net worth. Share this article J.D. Vance, Donald Trump’s vice presidential pick, holds between $250,000 and $500,000 in Bitcoin, according to federal disclosure forms filed in August, first reported by CBS News.His BTC holdings […]
SingularityDAO merges with Cogito Finance and SelfKey following community approval
Key Takeaways SingularityDAO merges with Cogito Finance and SelfKey to form Singularity Finance. The merger enhances SingularityDAO’s AI portfolio management with SelfKey and Cogito’s RWA tokenization and identity solutions. Share this article SingularityDAO token holders have approved a merger with Cogito Finance and SelfKey to form Singularity Finance, an EVM layer 2 platform focused on […]
BlackRock Bitcoin ETF logs $318 million net inflows despite BTC price dip
Key Takeaways BlackRock’s Bitcoin ETF attracted $318 million in net inflows despite a 4% Bitcoin price drop. IBIT’s recent growth contributes to US spot Bitcoin ETFs surpassing 1 million Bitcoin in holdings. Share this article BlackRock’s spot Bitcoin ETF, the IBIT fund, continues to be a preferred option for financial investors. The fund attracted around […]
Altcoin season unlikely before 2025, says crypto analyst Benjamin Cowen
Key Takeaways Bitcoin’s market dominance has reached 60%, suggesting altcoins may not rally until 2025. Altcoin rallies historically follow strong Bitcoin rallies, but a parabolic Bitcoin run is needed for this. Share this article Benjamin Cowen, predicts that a full-fledged altcoin season may not materialize until 2025, attributing this to the current strength in Bitcoin […]
Tether increases Bitcoin and gold reserves in latest Q3 report
Key Takeaways Tether increased its Bitcoin and gold holdings to $4.8 billion and $5 billion respectively. Tether’s net equity reached $14.2 billion in Q3 2024, up from $7 billion at the end of 2023. Share this article Tether increased its Bitcoin and precious metals holdings in Q3 2024, bringing them to $4.8 billion and $5 […]
Florida holds ‘$800 million in crypto-related investments,’ says state CFO
Key Takeaways Florida holds $800 million in crypto investments according to Florida’s CFO. Bitcoin may become an investment option for Florida’s state pension funds. Share this article Jimmy Patronis, Florida’s CFO, stated that the state holds $800 million in crypto-related investments and is exploring further expansion into digital assets. The CFO said he “would not […]
