BlackRock Files for Spot Bitcoin ETF on In-Kind Creations and Redemptions
BlackRock has filed to allow in-kind creations and redemptions for its spot Bitcoin ETF. This development is set to revolutionize the way Bitcoin ETFs operate, eliminating the need for forced selling for cash settlements and reducing artificial sell…
NYDIG to Approach Bitcoin-Backed Loans to Unlocking Capital with Float Financing
The New York Digital Investment Group (NYDIG), a subsidiary of Stone Ridge, is set to harness the power of insurance float to back Bitcoin loans. This innovative strategy is expected to offer liquidity to Bitcoin holders. It allows them to…
Crypto Roundup 2024: Milestones and Achievements in the DeFi Industry
This year was a wild rollercoaster for the crypto industry, marked by significant milestones and achievements, particularly in the decentralized finance (DeFi) sector. Here are some of the key highlights: Bitcoin Halving and the Record Highs Bitcoin…
Russia Embraces Bitcoin for International Payments
In a significant shift, Russia has begun using Bitcoin and other cryptocurrencies for international payments. This move comes as a response to Western sanctions that have complicated Russia’s trade with major partners such as China and Turkey.…
Tether’s Bold Move into Oil: A Game-Changer or Risky Bet?
Tether’s recent investment in 670,000 barrels of crude oil, worth a whopping $45 million, is a bold move that has the potential to reshape the intersection of cryptocurrency and traditional commodities markets. But is it a savvy strategic play or a…
Yuichiro Tamaki Proposes Major Overhaul of Japan’s Cryptocurrency Tax Structure
Yuichiro Tamaki, leader of Japan’s Democratic Party for the People (DPP), has unveiled an ambitious plan to reform the country’s cryptocurrency tax structure. This proposal, announced ahead of the upcoming elections, aims to make Japan a more…
Tether Launches UAE-Based Dirham Stablecoin
In a significant move for the digital asset industry, Tether, the world’s largest stablecoin issuer, has announced the launch of a new stablecoin pegged to the United Arab Emirates Dirham (AED). This new digital asset, developed in collaboration…
U.S. Court Rules Bitcoin and Ethereum as Commodities
In a landmark decision last week, an Illinois court ruled that Bitcoin and Ethereum are to be classified as digital commodities. This ruling affirms the Commodity Futures Trading Commission’s (CFTC) authority over these major cryptocurrencies, providing…
Former US Congresswoman Tulsi Gabbard to speak at Nashville Bitcoin 2024
As the world of cryptocurrency continues to expand, the Nashville Bitcoin 2024 conference is set to become a pivotal event in the digital currency calendar. Among the esteemed speakers, former U.S. Congresswoman Tulsi Gabbard is scheduled to address the…
3iQ Corp to Launch its first Solana based ETF in Canada
The Fund’s investment objectives include providing unitholders with exposure to the digital currency SOL and its daily price movements against the U.S. dollar. It also seeks to offer long-term capital appreciation. 3iQ will serve as the…