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Bitcoin gained along with all other top 10 non-stablecoin cryptocurrencies on Friday morning in Asia after data this wee...
06/30/2023

Bitcoin gained along with all other top 10 non-stablecoin cryptocurrencies on Friday morning in Asia after data this week showed the U.S. economy expanded even in the face of repeated interest rate hikes. U.S. GDP grew faster than expected in the first quarter and initial jobless claims came in at less than expected. Also, asset manager Fidelity Investments on Thursday filed to offer a spot Bitcoin exchange-traded fund (ETF).

U.S. investors have been piling into bitcoin (BTC) as institutional activity accelerated, driving the recent rally of th...
06/30/2023

U.S. investors have been piling into bitcoin (BTC) as institutional activity accelerated, driving the recent rally of the largest cryptocurrency by market capitalization.
BTC’s price gains and trading volume have concentrated during U.S. market hours recently, and have been the main force behind BTC’s strength, crypto analytics firm K33 Research noted in a report.

Fidelity Joins Spot-Bitcoin ETF Race With Fresh SEC FilingThe Boston-based asset manager, which has about $11 trillion i...
06/29/2023

Fidelity Joins Spot-Bitcoin ETF Race With Fresh SEC Filing
The Boston-based asset manager, which has about $11 trillion in assets under administration and has tens of millions of customers, re-filed for the Wise Origin Bitcoin Trust, according to a document submitted Thursday with the US Securities and Exchange Commission. Similar to previous US spot Bitcoin ETF filings in the past few weeks, the updated application says that Fidelity expects to enter into a surveillance-sharing agreement with a US cryptocurrency exchange.

North Carolina lawmakers are considering investments in Bitcoin and gold as a way to bolster the southern state’s coffer...
06/29/2023

North Carolina lawmakers are considering investments in Bitcoin and gold as a way to bolster the southern state’s coffers, passing a bill on Wednesday that would fund a study digital assets and precious metals.

Having cleared North Carolina’s House of Representatives, the bill now advances to the state’s Senate. If it's approved in the Senate, it would then need to be signed into law by Gov. Roy Cooper. It was introduced in April under the title “State Precious Metals Depository Study.”

Co-founder Michael Saylor Has Previously Said That the Reason for Buying Bitcoin Was as a Hedge Against InflationMicroSt...
06/29/2023

Co-founder Michael Saylor Has Previously Said That the Reason for Buying Bitcoin Was as a Hedge Against Inflation
MicroStrategy has purchased an additional 12,333 BTC for $347 million between April 29 and June 27, marking its largest Bitcoin purchase so far.
The company now holds a total of 152,333 digital coins worth $4.5 billion. This is approximately 0.726% of the total available supply of 21 million BTC. MicroStrategy, which offers cloud-based services, mobile software and business intelligence, possesses the most Bitcoin than any other publicly traded corporation.

Cathie Wood's Investment Firm and European Asset Manager 21Shares Have Both Filed for a Spot BTC ETFARK Investment Manag...
06/29/2023

Cathie Wood's Investment Firm and European Asset Manager 21Shares Have Both Filed for a Spot BTC ETF
ARK Investment Management has filed an amended spot Bitcoin exchange-traded fund (ETF) application with the US Securities and Exchange Commission (SEC).
The application now includes a surveillance sharing agreement with the Chicago Mercantile Exchange (CME) futures markets and a crypto exchange. With this change, ARK now has an advantage over other applicants to launch the first spot Bitcoin ETF in the US.

Bitcoin Cash, a spin-off from the oldest digital asset, has struggled to find a market since launching in 2017. But it’s...
06/29/2023

Bitcoin Cash, a spin-off from the oldest digital asset, has struggled to find a market since launching in 2017. But it’s been on a roll this month: since the start of June, Bitcoin Cash (B*H) is up 98%, jumping from $113 to $224.

Robert Leshner, CEO of decentralized lender Compound, submitted filings to U.S. securities regulators for "Superstate," ...
06/28/2023

Robert Leshner, CEO of decentralized lender Compound, submitted filings to U.S. securities regulators for "Superstate," a new company that will create a short-term government bond fund using the Ethereum blockchain as a secondary record-keeping tool.

Factbox - Financial firms line up spot bitcoin exchange-traded fund applications (Reuters) - Financial firms are once ag...
06/28/2023

Factbox - Financial firms line up spot bitcoin exchange-traded fund applications

(Reuters) - Financial firms are once again lining up to attempt to get their proposed spot bitcoin exchange-traded-funds approved by the U.S. securities regulator after BlackRock this month unveiled it was looking to launch such a product.

Stock picker Cathy Wood's Ark Invest and Swiss-based exchange-traded fund (ETF) issuer 21Shares on Wednesday amended their bitcoin ETF application, while asset manager Fidelity is also expected to file a spot bitcoin ETF application, trade publication The Block reported on Tuesday.

Ledger, best known for cryptocurrency hardware storage devices, is targeting institutions with an open, enterprise-grade...
06/28/2023

Ledger, best known for cryptocurrency hardware storage devices, is targeting institutions with an open, enterprise-grade trading platform designed to meet their risk management and regulatory requirements.
The Ledger Enterprise Tradelink network, announced Wednesday, has signed up a number of crypto exchange and broker partners including Crypto.com, Bitstamp, Huobi, Uphold, CEX.IO, Wintermute, Coinsquare, NDAX, Damex, Bitazza, Flowdesk and YouHodler.
In the wake of events like last year's bankruptcy of FTX, firms are looking for transparency and alternatives to having assets held on vertically integrated crypto exchanges.

Europe has been successful in distinguishing itself as a global hub for crypto, according to an in-depth report that ana...
06/28/2023

Europe has been successful in distinguishing itself as a global hub for crypto, according to an in-depth report that analyzed international tax jurisdictions around the world published yesterday by Coincub.
The report offers detailed information regarding every country's tax regime for digital assets, and ranks nations and regions as well as identifying trends.

Wall Street Is Coming for Crypto—Whether Early Believers Like It or NotInstitutions from the traditional world of financ...
06/27/2023

Wall Street Is Coming for Crypto—Whether Early Believers Like It or Not

Institutions from the traditional world of finance dipped their toes in crypto long before FTX hit rock bottom last November. But now, as the SEC circles the largest two centralized exchanges left standing, traditional finance (or TradFi, as it's been nicknamed in the industry) appears poised to gain ground—and possibly market share. Some experts say all financial roads in the U.S., no matter how nascent, eventually lead to Wall Street.

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