On July 12, the asset management firm, Digitalx, is set to launch a bitcoin exchange-traded fund (ETF) on an ASX operated stock market. Asset managers K2 Asset Management and 3iQ played a role in establishing what will be the second ETF approved by ASX. Digitalx Set to Debut Australia’s Second Bitcoin ETF Digitalx, a digital […] Original
Global clearing house LCH, which was acquired by the London Stock Exchange Group (LSEG), has named Patrick Strobel its Chief Technology Officer. Strobel, who has been with LSEG as the Head of SwapClear and Regulatory Reporting Technology for more than three years, announced his latest career move today. Experience from Major Brands According to Strobel’s profile, he also held the role of Head of Securities Technology and UnaVista until 2022. The veteran executive has also worked for other major industry brands in the past, including Liquidnet, Deutsche Bank, and JPMorgan.…
Canadian Bitcoin mining company HIVE Digital has released a June financial report, revealing it has increased its reserves to 2,503 BTC stored on the balance sheet. HIVE Digital Technologies, the Vancouver-based Bitcoin mining company, seems unaffected by the recent miner capitulation that caused Bitcoin (BTC) to plunge below the $56,000 mark. In a Jul. 8 press release, the company revealed that as of Jul. 7, its crypto holdings on the balance sheet had increased to 2,503 BTC, a more than 2% increase compared to the prior month. In total, HIVE…
Keith Gill, popularly known as “Roaring Kitty” on X, is facing a class-action lawsuit over his alleged involvement in a “pump-and-dump” scheme linked to his social media posts about GameStop. The lawsuit, filed on June 28 in the United States Eastern District of New York, accuses Gill of using his influential social presence to manipulate GameStop’s stock price between May and June. The complaint accuses Gill of participating in a pump-and-dump scam by discreetly purchasing a large number of GameStop call options prior to his May 12 meme post, which…
Metaplanet, listed on the Tokyo Stock Exchange under the ticker 3350, announced on July 1 that it has made an additional bitcoin purchase. Following the company’s disclosure on June 24 about plans to acquire BTC worth 1 billion yen ($6.2 million), Metaplanet has initiated the purchase with an investment of 200 million yen. This transaction […] Source
Marathon Digital Holdings Inc., (MARA) was up more than 11% early Monday afternoon as crypto stocks rose sharply to mirror Bitcoin (BTC) gains. After struggling with bearish pressure amid miner and government wallets selling, bitcoin price broke to above $63k on July 1. While the flagship cryptocurrency pared gains to return below this mark, the positive sentiment that had also pushed altcoins higher cascaded into the crypto stocks market. BTC traded around $63,182 at the time of writing, up 2.8% in the past 24 hours. Analysts suggest Bitcoin could be…
Last week, the Ishares Bitcoin Trust (IBIT) arrived at the Santiago Stock Exchange, the main financial market of Chile. The leading spot bitcoin exchange-traded fund (ETF) instrument, which was approved this year by the U.S. Securities and Exchange Commission (SEC) will now allow Chilean investors to acquire an “accessible and efficient digital asset to include […] Original
DeFi Technologies’ subsidiary Valour has unveiled the first exchange-traded product for Core DAO, a Bitcoin scaling solution. Switzerland-based financial firm Valour has introduced its first exchange-traded product (ETP) for Core DAO (CORE), a Bitcoin-powered layer-1 solution integrating proof-of-work and delegated proof-of-stake consensus mechanisms. In a press release seen by crypto.news, the Core Foundation said the new product called “CORE ETP” will be available on the Spotlight Stock Exchange as part of the organization’s efforts to offer investors “a new way to get exposure to the Core blockchain network.” Rich Rines,…
B3, the Brazilian stock exchange, is considering extending its native cryptocurrency trading options to offer ether futures contracts to its customers. The exchange, which has been a pioneer in Latam offering crypto-related trading products, would be focusing on institutional investors who want to diversify their traditional or crypto portfolios with more options. Brazilian Stock Exchange […] Source
While U.S. federal regulators, including the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, have identified concerns with the crisis management tactics of four banks, in a recent interview with Kitco, market strategist Gareth Soloway expressed concerns. Soloway suggests something is “amiss” in the U.S. banking sector and claims that major banks are shedding […] Original