Finance

A collection of 128 posts

Finance

China’s Gaorong Ventures Invests $30 Million in Hong Kong Crypto Unicorn HashKey Group

Gaorong Ventures, a prominent Chinese venture capital firm, has invested $30 million into HashKey Group, the operator of Hong Kong’s largest licensed crypto exchange. The deal values HashKey at a post-money valuation of approximately $1.5 billion, signaling growing institutional interest in the crypto sector despite regulatory hurdles in

Finance

Barclays Discloses $131 Million Stake in BlackRock’s Bitcoin ETF Amid Growing Institutional Interest

Barclays, the global investment bank and financial services giant, has revealed a significant new position in BlackRock’s U.S. spot Bitcoin exchange-traded fund (ETF), IBIT. According to its Q4 2024 13F filing with the Securities and Exchange Commission (SEC), the firm now holds 2,473,064 shares valued at

Finance

Hashdex Launches First U.S. Crypto ETF Offering Exposure to Bitcoin and Ether

Hashdex Asset Management Ltd., a prominent global crypto-focused asset manager, has introduced the Hashdex Nasdaq Crypto Index US ETF (NCIQ) on the Nasdaq Stock Market. This marks the first multi-asset spot crypto exchange-traded product available to U.S. investors, providing direct exposure to both Bitcoin (BTC) and Ether (ETH) through

Finance

Coinbase Reports Surging Profits and Revenue Amid Trump-Inspired Crypto Rally

Coinbase Global Inc. has reported a significant surge in revenue and profit for the fourth quarter of 2024, attributing the growth to a renewed interest in digital assets following the Trump-inspired crypto market rally. Record-Breaking Financial Performance The company’s revenue soared to $2.27 billion, far exceeding the $1.

Finance

U.S. Producer Prices Rise More Than Expected in January, Adding Pressure on Inflation

Inflationary pressures at the wholesale level accelerated more than anticipated in January, raising concerns among investors and policymakers hoping for a slowdown in price growth. The Producer Price Index (PPI)—which measures price changes from the perspective of sellers—rose 0.4% in January, exceeding economist expectations of 0.3%

Finance

Robinhood's Crypto Trading Explodes: $70 Billion Volume, Up 400% in Q4

Robinhood, the popular commission-free brokerage, has reported a staggering 400% year-over-year increase in crypto trading volume, reaching $70 billion in Q4 2024. The surge reflects a renewed interest in digital assets amid Bitcoin’s rise to $100,000 and heightened market activity ahead of the U.S. presidential elections. Crypto

Finance

Franklin Templeton Expands FOBXX Fund to Solana in Latest Blockchain Integration

Franklin Templeton, a leading asset manager making significant strides in crypto and blockchain technology, has announced the expansion of its Franklin OnChain U.S. Government Money Fund (FOBXX) to Solana. This move marks the latest blockchain integration for FOBXX, reinforcing the firm's commitment to tokenized investment products. FOBXX:

Finance

Goldman Sachs Expands Bitcoin ETF Holdings to $1.5 Billion in Q4 2024

Investment banking giant Goldman Sachs has significantly increased its exposure to spot Bitcoin exchange-traded funds (ETFs), boosting its total holdings to $1.5 billion by the end of Q4 2024, according to its latest 13F filing submitted Tuesday. Goldman Sachs Doubles Down on Bitcoin ETFs As of December 31, 2024,

Finance

KULR Technology Expands Bitcoin Holdings with $10 Million Purchase, Reaching 610 BTC

KULR Technology Group has strengthened its Bitcoin treasury strategy with the acquisition of an additional 100 BTC for approximately $10.4 million. The purchase, made at an average price of $103,905 per Bitcoin, was disclosed in an 8-K filing with the Securities and Exchange Commission on Tuesday. With this

Finance

Understanding Crypto Liquidity: Pools, Mining, Risk, and Why It's Crucial for You

Crypto Liquidity Explained: Why It Matters and How It Works Ever tried to buy a rare item, only to find no one selling it, or tried to sell something unique and found no buyers? That's a problem of liquidity – or rather, a lack of it. In the world

Finance

BlackRock Boosts Stake in Strategy to 5% Amid Growing Bitcoin Exposure

Story Protocol, an a16z-backed Layer 1 network focused on intellectual property (IP) management, has revealed its tokenomics model for its native token. The announcement, made on Friday, comes ahead of the platform’s anticipated mainnet launch, originally scheduled for last year. According to a company statement, the native token will

Finance

BlackRock Bitcoin ETF May Get "In-Kind" Redemptions, SEC Reviewing Proposal

The U.S. Securities and Exchange Commission (SEC) is reviewing a proposal that could change how BlackRock's popular spot Bitcoin exchange-traded fund (ETF) operates. The proposal, filed by Nasdaq on behalf of BlackRock, seeks to allow "in-kind" redemptions and creations, a move that could potentially streamline

Finance

MicroStrategy Rebrands to "Strategy", Expects $12.75B Bitcoin Accounting Boost

MicroStrategy, the business intelligence firm turned Bitcoin-holding powerhouse, has rebranded itself as simply "Strategy," reflecting its singular focus on Bitcoin accumulation. The company is also poised to see a massive $12.75 billion boost to its balance sheet thanks to new accounting rules that allow for the recognition

Finance

Crypto Exchange Bullish, Backed by Peter Thiel, Eyes IPO Amid Market Optimism

Bullish Global, a cryptocurrency exchange operator backed by prominent investors like billionaire Peter Thiel, is considering an initial public offering (IPO) as soon as this year, according to people familiar with the matter. The company, known for its ties to blockchain software firm Block.one, is working with Jefferies Financial

Finance

Healthcare Tech Firm Semler Scientific Invests $88.5M More in Bitcoin

Semler Scientific, a Nasdaq-listed healthcare technology company, has significantly increased its Bitcoin holdings, purchasing an additional 871 BTC for approximately $88.5 million. This latest acquisition brings the company's total Bitcoin holdings to 3,192 BTC, reflecting a growing trend of corporate adoption of Bitcoin as a treasury

Finance

Coinbase Urges U.S. Bank Regulators to Clarify Crypto Rules, End "Debanking" Practices

Coinbase, a leading U.S. cryptocurrency exchange, is escalating its efforts to address what it calls the "debanking" of the crypto industry. In a letter to top banking regulators, Coinbase is demanding clearer guidelines on how banks can engage with crypto firms, arguing that current practices are stifling

Finance

MicroStrategy Pauses Bitcoin Buying Streak, Holdings Remain at 471,107 BTC

After twelve consecutive weeks of accumulating Bitcoin, business intelligence firm MicroStrategy has paused its buying spree, leaving its total holdings at 471,107 BTC. The company, known for its aggressive Bitcoin investment strategy, made no new Bitcoin purchases between January 27 and February 2, according to a recent SEC filing.

Finance

UBS Tests Blockchain for Digital Gold Investments, Eyes Enhanced Privacy and Scalability

Swiss banking giant UBS is exploring the potential of blockchain technology to revolutionize digital gold investments for retail investors. In a recent proof-of-concept, UBS leveraged ZKsync's Validium, an Ethereum Layer-2 network, to enhance the scalability, privacy, and interoperability of its fractional gold investment product, UBS Key4 Gold. Modernizing

Finance

Crypto Exchange Kraken Posts $1.5 Billion Revenue, Touts Transparency and Long-Term Growth

Kraken, one of the world's oldest and largest cryptocurrency exchanges, is celebrating a year of remarkable growth, reporting $1.5 billion in revenue for 2024. In a rare move for a privately held crypto exchange, co-CEO Arjun Sethi highlighted the company's focus on sustainable growth, deep

Finance

Bitcoin Miner Bitfarms Explores AI and High-Performance Computing to Diversify Revenue

Bitfarms, a major publicly traded Bitcoin mining company, is looking beyond its core business to explore opportunities in the burgeoning fields of artificial intelligence (AI) and high-performance computing (HPC). This strategic shift reflects a broader trend among Bitcoin miners seeking to diversify their revenue streams and leverage their existing infrastructure

Finance

Coinbase Acquires Ad Tech Startup Spindl to Boost On-Chain App Discovery and Growth

Coinbase is making a strategic move to enhance the on-chain ecosystem by acquiring Spindl, a startup specializing in on-chain advertising and attribution. This acquisition signals Coinbase's commitment to supporting developers building on-chain applications and accelerating the adoption of Web3 technologies, with a particular focus on its own Layer

Finance

Grayscale Launches Dogecoin Trust to Provide Institutional Investors Access to Memecoin

Grayscale, a leading digital asset manager, announced on Friday the launch of its new Dogecoin Trust, offering investors exposure to the popular cryptocurrency Dogecoin (DOGEUSD). This initiative aims to attract institutional capital to Dogecoin, the world’s largest memecoin, which has experienced significant growth over the past year. Dogecoin represents

Finance

Cipher Mining Secures $50 Million Investment from SoftBank’s Stargate AI Initiative

Cipher Mining, a prominent bitcoin mining company, has announced a significant $50 million investment from SoftBank, a Japanese multinational conglomerate with a valuation of $300 billion. This investment involves SoftBank acquiring approximately 10.4 million shares of Cipher Mining’s common stock, marking a strategic move to bolster the company’

Finance

Purpose Investments Seeks Approval to Launch World’s First Spot XRP ETF

Purpose Investments, the Toronto-based firm renowned for launching the world’s first spot Bitcoin ETF, has filed with Canada’s securities regulator to introduce the Purpose Ripple ETF. This proposed exchange-traded fund (ETF) aims to be the first of its kind to hold XRP directly, pending regulatory approval. Managing over

Finance

Bitcoin's Performance Linked to Small Tech Stocks, JPMorgan Study Finds

While the relationship between cryptocurrency and the stock market is often discussed, a new analysis from JPMorgan sheds light on a specific connection: Bitcoin's strong correlation with small-cap tech stocks. This finding, revealed in a report released on Wednesday, suggests that Bitcoin's price movements are more