CI Global Asset Management (CI GAM) disclosed on Feb. 25 that it had filed for an Ethereum exchange-traded fund with Canadian authorities. If approved, the CI Galaxy Ethereum ETF would become the world’s first ETH ETF. The filing was made in collaboration with Galaxy Digital, a renowned cryptocurrency firm
A survey conducted on behalf of BTC Markets has revealed that more Australians are choosing cryptocurrencies over investments in silver and gold. According to the new poll, which involved more than 2000 Australian investors, Bitcoin and Ethereum appear to be more popular than gold and silver, but only by a
In a recent note to clients, strategists from JPMorgan suggested a one percent portfolio allocation to Bitcoin and other cryptocurrencies. As reported by Bloomberg, JPM strategists Joyce Chang and Amy Ho opined that Bitcoin could serve as a hedge against fluctuations from traditional assets like bonds, stocks, and commodities. However,
Hashbon, a cryptocurrency payment solution for businesses and individuals, has been listed on Coinsbit. The native currency of the ecosystem, the HASH token got listed on the cryptocurrency exchange on February 26. Consequently, users can trade the digital asset against USDT or BTC pairs. Taking things a step further, the
Ever since the big Bitcoin boom in 2017, even the mainstream audience has gotten some interest within the world of cryptocurrencies. However, not everyone out there has mining rigs, or in other words computers with the computing power to allow them to buy bitcoin or even altcoins. As such, there
Seven years after Mt. Gox was hacked, the victims are still struggling to recover their assets from the then world’s-largest exchange. However, those affected by the infamous hack may finally get closure by the end of the year. According to Nobuaki Kobayashi, the Rehabilitation Trustee, a rehabilitation plan has
The world’s richest man, Elon Musk, may be under the scrutiny of the U.S. Securities and Exchange Commission for shilling Dogecoin. Whilst there has been no official statement from either Musk or the financial watchdog, sources familiar with the matter claim that it is true. SEC IS SAID
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New info from the CEO of CryptoQuant shows that amid Bitcoin’s correction, US investors have continued to gobble the digital asset. Ki Young Ju disclosed earlier today that institutions acquired 13,000 Bitcoins from the U.S.-based exchange Coinbase. The chief executive of the analytics platform took to
Grayscale, the world’s largest crypto asset manager, lost $3.3 billion to the recent crypto market rout, a testament to how things can quickly go south in the crypto space. In its asset update on February 24, the firm revealed that its assets under management (AUM) had fallen to
xWin is an upcoming fund management platform currently in the beta stage that helps users to stake on different liquidity pools for rewards with ease. The protocol is built using the Binance Smart Chain, which is faster and cheaper. The project chose the BSC since it wanted to maximize the
DeFi protocol Radix has announced the launch of GoodFi, a non-profit initiative geared towards accelerating the adoption of decentralized finance (DeFi). Along with other crypto-based members like Aave, Chainlink, mStable, and Messari, the alliance hopes to foster the “education, research, and best practices” in the DeFi sector. The initiative has
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EURxb.finance has introduced the world's largest Euro-based stablecoin and incorporated a fixed interest generating system for token holders. EURxb protocol has announced the launch of its EURO denominated stablecoins, EURxb, as part of its ongoing plan to launch disintermediate financial solutions. The project has designed and created
MicroStrategy has continued to put its money where its mouth is. In its latest buying round, the business intelligence firm gulped another 19,452 Bitcoin valued at about $1.026 billion. The company’s CEO and very vocal Bitcoin evangelist, Michael Saylor, broke the news on Twitter, noting that the
A popular face in India’s business landscape, Rakesh Jhunjhunwala, has asked regulators to ban Bitcoin. The billionaire who has earned himself the title of the “Warren Buffett of India” dubbed Bitcoin “a speculation of the highest order.” Jhunjhunwala shared his thoughts during an interview with CNBC on Tuesday. He
Jigstack DAO, a decentralized finance (DeFi) protocol, has announced its acquisition of ICOrating. Following the purchase, Jigstack will move the assets of the initial coin offering (ICO) platform to its Lemonade solution. As per the announcement, Jigstack bought the platform to boost its upcoming multi-chain token launchpad solution Lemonade, dubbing
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Bitwise Investments has finally joined the list of hedge funds with a minimum of $1 billion in crypto assets under management (AUM). The leading provider of index and beta crypto funds announced yesterday that its AUM had crossed the $1 billion benchmark. The firm attributed its growth to two key