Tag: Crypto

Michael Saylor is willing to advise Trump on the crypto policy

MicroStrategy Inc. co-founder and executive Chairman Michael Saylor says he is willing to advise Trump on cryptocurrency policy when the crypto advisory council is set. During the Dec. 18 episode of the Open Interest show on Bloomberg Television, Saylor voiced his willingness to provide his advice on the digital assets policy to President-elect Donald Trump, either publicly or confidently, if he is asked to do so.  Before expressing his willingness to advise Trump on the crypto policy, Saylor admitted that he had already met “with a lot of people” in…

Quantum BioPharma adds $1m in Bitcoin to treasury, eyes future crypto financing

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Quantum BioPharma Ltd., a Nasdaq-listed biotech and medical research company, has purchased $1 million in Bitcoin and other cryptocurrencies as part of a strategic move approved by its board of directors. The company plans to allow future financings and transactions in cryptocurrency, signaling confidence in the evolving crypto market. The company disclosed that the cryptocurrency assets are held with a compliant custodian to ensure adherence to financial and audit regulations. Its leadership believes the investment aligns with the growing legitimacy of digital assets and the potential for shareholder returns. Zeeshan…

Trump Crypto Project Grabs 722 ETH

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

A Crypto First: Hybrid Spot Bitcoin-Ethereum ETFs From Hashdex and Franklin Templeton Approved by SEC 

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The U.S. Securities and Exchange Commission (SEC) has given the green light to two cryptocurrency index exchange-traded funds (ETFs) from Hashdex and Franklin Templeton, heralding a new era for regulated crypto investments. SEC’s Approval Unleashes New Crypto ETFs These ETFs blend exposure to both spot-based bitcoin (BTC) and ethereum (ETH), providing investors with a mix […] Original

Pepperstone’s CEO Warns of CFD Crypto Exchange Threat

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Pepperstone is witnessing a significant increase in cryptocurrency trading among new clients, while its CEO expresses concerns about competition from crypto exchanges entering the CFD space. Tamas Szabo shared his insights on the evolving dynamics of the financial services sector during an interview with Jonathan Fine at the Finance Magnates London Summit 2024 (FMLS:24). Cryptocurrencies on the Rise Szabo expressed astonishment at the limited crypto adoption by brokers, as evidenced during a panel discussion on market structure. “One of the panelists asked the audience how many were involved in crypto,…

Here’s why MOVE rallied 26% as the crypto market tanked

MOVE, the native token of the Ethereum layer-2 blockchain Movement, experienced a significant price rally outpacing the broader crypto market, which remained on a downward trajectory. Movement (MOVE) recorded the highest gains among the top 100 largest crypto assets on Dec. 20, reaching an intraday high of $0.877 and closing with a market capitalization of nearly $2 billion. The altcoin’s price rally coincided with a 63% rise in daily trading volume, which exceeded $1.6 billion, indicating growing interest among traders. Additionally, CoinGlass data reveals that open interest in its futures…

Dogecoin’s 11% Drop Leads Losses in Crypto Majors as Bitcoin Sours Festive Mood

Losses in bitcoin (BTC) and other crypto majors extended to their third straight day, as risk-off behavior after this week’s FOMC meeting and general profit-taking contributed to heavy market sentiment. BTC dropped 4.2% in the past 24 hours, with Solana’s SOL, ether (ETH) and Cardano’s ADA falling as much as 9%. Dogecoin slid the most with an 11% drop, extending weekly losses to over 21%. The broad-based CryptoX 20 (CD20), an index of the largest tokens by market cap, fell 5.5%. That spread over to futures markets, with over $890…

Morocco to Adopt a Legal Framework for Crypto Assets

Morocco aims to regulate the use of crypto assets without hindering innovation in the crypto ecosystem. Legal Framework for Crypto Nears Adoption in Morocco A legislative framework governing crypto assets in Morocco is almost ready for adoption, according to Abdellatif Jouahri, the governor of Morocco’s central bank, Bank Al-Maghrib (BAM). This framework seeks to promote […] Source CryptoX Portal