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 …
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 …
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 …
The Law Commission, funded by the Ministry of Justice, has released a report suggesting that the United Kingdom should create a unique legal framework to allow for the use of cryptocurrency as collateral. The commission recommends that this should extend beyond the …
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has proposed a framework for creating open and interoperable networks for tokenized digital assets. The proposal, titled “Project Guardian,” was presented in collaboration with financial institutions including the Bank for International Settlements (BIS). …
Bitcoin futures markets are currently experiencing an influx of money flows, with traders seemingly making bets on price movements amid an increase in crypto-ETF filings. According to reports, open interest on bitcoin futures has increased to over $11 billion, marking the highest …
BitGo, a cryptocurrency custodian, has announced that it has more acquisitions pending after abandoning its proposed purchase of Prime Trust. According to BitGo CEO Mike Belshe, the company is highly optimistic about further consolidation in the industry over the next six months. …
Bitcoin (BTC) has declined by 3% from its one-year high of over $31,300, trading currently at $30,300. The recent 20% rise in the value of the cryptocurrency began after asset management company BlackRock announced plans to launch a spot bitcoin ETF. Experts …
Hut 8 Mining, a Canadian bitcoin mining company, has just announced that it has secured a loan of up to $50 million from Coinbase Credit. This will provide the funding needed to complete its merger with U.S. Bitcoin Corp (USBTC). Coinbase, a …
Digital asset investment products have reportedly seen the largest single weekly inflows in a year, according to a new report from CoinShares, a European digital asset manager. This news comes after nine consecutive weeks of outflows, and bitcoin-related products were reportedly the …