The Kurdistan Regional Government (KRG), the official executive body of the semi-autonomous Kurdistan Region in northern Iraq, has ordered the Ministry of Interior to create a special committee to shut down companies operating in the fields of electronic trading and digital currencies. The directive, issued by the Presidency of the Council of Ministers and dated […] Source CryptoX Portal
Day: June 3, 2025
Russia’s Sberbank offers Bitcoin-linked bonds
Russia’s largest commercial bank, Sber has launched a Bitcoin-linked bond product that tracks the cryptocurrency’s change in price and the dollar-to-ruble exchange rate. The product is already available to qualified investors in the over-the-counter market, and Sber plans to list the product on the Moscow Stock Exchange in the future, the company formerly known as Sberbank said in a statement on May 30. The listing will ensure transparency, liquidity and convenience for a wide range of qualified investors, Sber added. Sber said the structural bond could allow holders to earn…
Monero Jumps 11.5% Amid Crucial Support Retest
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Privacy and security-focused token Monero (XMR) has seen an 11.5% surge in the daily timeframe, reclaiming the $360 support for the first time in a week. Some analysts suggest…
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21Shares sets 3-for-1 share split for its spot Bitcoin ETF
21Shares US LLC announced a 3-for-1 share split for its flagship ARK 21Shares Bitcoin exchange-traded fund, ARKB, aiming to make the fund more accessible to retail investors. The move, announced in a company press release on June 2, will take effect at the opening of markets on June 16. The split will triple the number of shares available, reducing the price per share without affecting the fund’s overall value. 21Shares stated that the split is intended “to make shares more accessible to a broader base of investors and enhance trading…
21Shares courts retail with 3-for-1 Bitcoin ETF stock split
The ARK 21Shares Bitcoin ETF (ARKB) will undergo a 3-for-1 share split later this month as the fund’s issuer, 21Shares, says it is looking to boost its appeal to retail investors. The stock split is slated for June 16 and is designed to “make shares more accessible to a broader base of investors and enhance trading efficiency,” 21Shares said on June 2. The exchange-traded fund’s (ETF) investment strategy aiming to track the price of Bitcoin (BTC) won’t change, and its Bitcoin holdings will remain identical, 21Shares said. It added that…
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Strategy offers $250M preferred stock to stack more Bitcoin
Strategy, formerly MicroStrategy, plans to raise $250 million through an initial public offering of a new class of perpetual preferred stock so it can fund more Bitcoin purchases. Strategy intends to issue 2.5 million shares of its 10% Series A Perpetual Stride Preferred Stock, with the ticker STRD, at $100 a share, the Bitcoin-stacking firm said in a June 2 statement. Proceeds from the offering will be used to acquire additional Bitcoin (BTC) and provide working capital, it added. Perpetual preferred stocks often pay fixed dividends indefinitely, with no maturity…
Meta Joins Microsoft, Amazon in Dismissing Bitcoin Treasury Despite Investor Push
Meta firmly rejected a bold shareholder push to adopt bitcoin as a treasury asset, signaling strong resistance to crypto integration despite mounting institutional interest and rising bitcoin momentum. Meta Rejects Bitcoin Treasury Proposal Amid Strong Shareholder Opposition Meta Platforms Inc. declined a shareholder-backed initiative to explore adding bitcoin to its corporate treasury during its annual […] Original
Analyst Suggests Altcoin Recovery May Follow Bitcoin’s Final Cycle Stage—Here’s Why
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin continues to showcase resilience in the current cryptocurrency market cycle, consistently setting new records while many altcoins remain below their previous peaks. Currently trading just above $104,000, Bitcoin…