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Month: June 2023

Bitfinex Expands Crypto Trading Services in Argentina, Colombia, and Venezuela with Peer-to-Peer Platform

July 9, 2023June 28, 2023 by Arnold Potts

Cryptocurrency exchange Bitfinex has expanded its services in Latin America by launching a peer-to-peer (P2P) trading platform in Argentina, Colombia, and Venezuela. The announcement was made by the company on Tuesday, showcasing its commitment to providing convenient and accessible crypto trading options …

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Fidelity’s Bitcoin ETF Application Sparks Price Surge in Bitcoin Market

July 9, 2023June 28, 2023 by Arnold Potts

Bitcoin experienced a surge in its price on Tuesday morning after reports from The Block indicated that asset management giant Fidelity was preparing to file for a spot bitcoin exchange-traded fund (ETF). The news caused the price of bitcoin to rise from …

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Judge Denies FTX Founder’s Motions to Dismiss Criminal Charges

July 9, 2023June 28, 2023 by Arnold Potts

FTX founder, Sam Bankman-Fried, has been denied his pretrial motions to dismiss criminal charges against him by the federal judge overseeing his case. Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York denied Bankman-Fried’s motions, stating …

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First 2x Leveraged Bitcoin ETF in the U.S. Sees $4.2M in Trading Volume Since Debut

July 9, 2023June 28, 2023 by Arnold Potts

The Volatility Shares 2x Bitcoin Strategy exchange-traded-fund (BITX), the first leveraged crypto ETF in the U.S., has made a strong debut, with about $4.2 million worth of trading volume since it went live. The impressive start has generated significant interest in the …

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Former Twitter CEO Jack Dorsey Questions Apple’s Lack of Bitcoin Support for Apple Pay

July 9, 2023June 28, 2023 by Arnold Potts

Former Twitter CEO Jack Dorsey, who now heads Bitcoin-focused financial services firm Block, is stepping up his efforts to understand why Apple, the computer and smartphone giant, does not offer support for bitcoin on its mobile payment service, Apple Pay. The issue …

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Cardano (ADA) and Solana (SOL) Experience Decline as Robinhood Delists Tokens Amid SEC Crackdown

July 9, 2023June 28, 2023 by Arnold Potts

Cryptocurrencies Cardano (ADA) and Solana (SOL) experienced significant declines on Tuesday, just before trading app Robinhood prepared to delist them. This move came in light of Robinhood’s announcement on June 9, stating that support for ADA, SOL, and MATIC would be terminated …

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Latin American Crypto Firm Ripio Granted Approval to Operate as Virtual Currency Exchange Service in Spain

July 9, 2023June 28, 2023 by Arnold Potts

Ripio, a crypto services provider based in Latin America, has been granted authorization by the Bank of Spain to operate as a virtual currency exchange and provide custody services for digital wallets. The approval marks a significant milestone for Ripio, which has …

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Bankrupt Crypto Exchange FTX Pauses Sale of $500M Stake in AI Startup Anthropic

July 9, 2023June 28, 2023 by Arnold Potts

FTX, the bankrupt cryptocurrency exchange, has temporarily halted the sale of its $500 million stake in artificial intelligence (AI) startup Anthropic, according to anonymous sources cited by Bloomberg. The announcement was made by investment bank Perella Weinberg, who is handling FTX’s bankruptcy …

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Grayscale Bitcoin Trust Shares Surge to One-Year High as Fidelity Prepares for Bitcoin ETF

July 9, 2023June 28, 2023 by Arnold Potts

The Grayscale Bitcoin Trust (GBTC) experienced a surge in its share price, reaching a one-year high on Tuesday. This sudden increase was driven by reports that Fidelity Investments, an investment asset manager, was preparing to file for a spot bitcoin exchange-traded fund …

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GBTC Share Price Surges to One-Year High on Fidelity’s Reported Plan to Launch Bitcoin ETF

July 9, 2023June 28, 2023 by Arnold Potts

Grayscale Bitcoin Trust (GBTC) experienced a surge in its share price to a one-year high on Tuesday, June 27. This was in response to a report that investment asset manager Fidelity Investments was preparing to follow in the footsteps of Blackrock’s application …

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