The firm registered a trust entity in the state of Delaware on Tuesday, which appeared on the state’s Division of Corporations website. Registering a trust entity is a first step toward filing to list and trade shares of an ETF; companies like Bitwise, Blackrock and Fidelity all filed trust entities for bitcoin (BTC) and Ethereum’s ether (ETH) ahead of filing for ETFs following those tokens. Source
“USDT works much better outside of the U.S.,” he said. “In the U.S., there are 15 different transport layers for the U.S. dollar. You have banks, credit cards, debit cards. You have Venmo, PayPal, Cash App, and many others … But who needs a dollar?” Source
Sean “Diddy” Combs has hired Sam Bankman-Fried’s lawyer, Alexandra Shapiro, to appeal a New York judge’s decision to keep him locked up while he awaits trial for racketeering and sex trafficking charges. Source
“With the launch of crypto transfers in Europe, we’re making self-custody and entering DeFi simpler and more accessible for our customers,” Johann Kerbrat, VP and general manger of Robinhood Crypto, said in a statement. “Support for deposits and withdrawals gives customers more control over their crypto, while ensuring they have the same safe, low-cost, and reliable experience they expect from Robinhood.” Source
But fundraising difficulties and product-market-fit issues may imperil their future, according to a report from Lattice VC. Source
The S&P 500 and the Nasdaq also fell on a report that Iran was preparing an imminent missile attack on Israel. Source
However, coming out of a prolonged bear market in 2018 and 2019, bitcoin moved again in late-2020 into early 2021 as the price climbed from roughly $10,000 to $60,000. However, we can see that this cohort was selling bitcoin during the entire period, locking in those gains as they were buyers in the previous bear market instead of buying the top they were selling. Source
“He and his team attended some meetings, and it went hostile. They basically told them that they would confiscate their passports. So, Tigran and his team just immediately got out of the country. So, it was a close call.” On the second trip, she said, my understanding is that Tigran was assured things would be okay. Source
Crowdsourced strategies can introduce a diversity of perspectives, leading to more innovative and adaptable game plans, writes a high school senior and sports fanatic. Source
The digital assets sector continues to outperform the stock market this year, with bitcoin leading the charge, broker Canaccord said. The broker noted that the world’s largest cryptocurrency finished the last quarter up around 140% year-on-year, outperforming ether which gained about 60% and the S&P 500 stock index, which rose almost 30%, over the same period. If bitcoin follows historical patterns it tends to rally 6-12 months following the halving, and reach new highs 2-6 months later, meaning a potential rally could start between now and April, the broker said.…