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Jim Chanos Shorts Strategy While Buying Bitcoin Directly

Bitcoin

Jim Chanos Shorts Strategy While Buying Bitcoin Directly

Prominent investor Jim Chanos has revealed a new trading strategy that involves simultaneously shorting shares of Strategy (formerly MicroStrategy) while directly purchasing Bitcoin. Speaking at the Sohn Investment Conference in New York on May 14, Chanos told CNBC he is "selling MicroStrategy stock and buying bitcoin and basically buying

By Albert Morgan May 15, 2025
Wintermute Establishes New York Presence Amid Improved Regulatory Climate

Bitcoin

Wintermute Establishes New York Presence Amid Improved Regulatory Climate

Wintermute, a London-based algorithmic crypto trading and market-making firm, has opened an office in New York as part of its expansion into the US market. The company announced the opening on May 15, specifically citing improved regulatory conditions in the United States as the primary motivation for this strategic move.

By Albert Morgan May 15, 2025
Kazakhstan Unveils Plan to Become Central Asia's Leading Crypto Hub

Bitcoin

Kazakhstan Unveils Plan to Become Central Asia's Leading Crypto Hub

Kazakhstan could transform into Central Asia's dominant cryptocurrency hub if proposed regulatory reforms are implemented, according to Kanysh Tuleushin, the country's First Vice Minister of Digital Development, Innovation and Aerospace Industry. In a recent op-ed published in Kazakhstanskaya Pravda newspaper, Tuleushin outlined how lifting current restrictions

By Albert Morgan May 14, 2025
South Korean Presidential Candidates Display Unified Support for Bitcoin ETFs

Bitcoin

South Korean Presidential Candidates Display Unified Support for Bitcoin ETFs

All three major South Korean presidential candidates have publicly expressed support for legalizing Bitcoin exchange-traded funds (ETFs) ahead of the June 3 election, according to CryptoQuant founder and CEO Ki Young Ju. Currently, both Bitcoin ETFs and institutional crypto investments are banned in South Korea, resulting in a market where

By Albert Morgan May 14, 2025
Robinhood Acquires WonderFi for $179M to Expand Canadian Crypto Presence

Bitcoin

Robinhood Acquires WonderFi for $179M to Expand Canadian Crypto Presence

Robinhood Markets announced on Tuesday, May 13, 2025, that it will acquire Canadian crypto firm WonderFi for C$250 million ($179 million) in an all-cash deal, marking a significant step in the popular trading platform's global expansion strategy. According to Cointelegraph, the acquisition values WonderFi at 36 Canadian

By Albert Morgan May 13, 2025
South Korean Democratic Party Forms Digital Asset Committee To Address Regulatory Concerns

Bitcoin

South Korean Democratic Party Forms Digital Asset Committee To Address Regulatory Concerns

South Korea's largest political party, the Democratic Party, has launched a Digital Asset Committee focused on developing cryptocurrency policies and promoting industry growth. The committee held its inaugural meeting at the National Assembly Members' Hall in Seoul on May 13, as reported by Cointelegraph. During this first

By Albert Morgan May 13, 2025
US-China Tariff Truce Sparks Bitcoin Rally Nearing All-Time High

Bitcoin

US-China Tariff Truce Sparks Bitcoin Rally Nearing All-Time High

The United States and China have agreed to temporarily reduce their reciprocal tariffs to 10% for a 90-day period beginning May 14, 2025. According to Cointelegraph, this agreement marks a significant thaw in the trade war between the world's largest economies that had previously seen tariffs exceed 100%

By Albert Morgan May 12, 2025
El Salvador Continues Bitcoin Accumulation Despite IMF Agreement

Bitcoin

El Salvador Continues Bitcoin Accumulation Despite IMF Agreement

According to Cointelegraph, El Salvador has added 7 Bitcoin (BTC) to its national strategic reserve over the past week, bringing its total holdings to 6,173 BTC, valued at over $637 million. This acquisition continues despite a December 2024 loan agreement with the International Monetary Fund (IMF) that specifically required

By Albert Morgan May 11, 2025
Bitcoin Treasury Dilemma: Why Coinbase Chose Against Strategy-Like Approach

Bitcoin

Bitcoin Treasury Dilemma: Why Coinbase Chose Against Strategy-Like Approach

Coinbase, the largest US cryptocurrency exchange, considered adopting a Michael Saylor-like Bitcoin strategy for its treasury but ultimately decided against the approach due to risk concerns. According to Bloomberg, Coinbase CEO Brian Armstrong revealed on May 9 that the company contemplated allocating 80% of its balance sheet to Bitcoin on

By Albert Morgan May 11, 2025
Metaplanet Issues $21 Million In Bonds To Fund Bitcoin Acquisition

Bitcoin

Metaplanet Issues $21 Million In Bonds To Fund Bitcoin Acquisition

Japanese investment firm Metaplanet announced a new $21.25 million bond issue to purchase additional Bitcoin for its growing treasury. According to Cointelegraph, the company will issue "0% Ordinary Bonds" with all funds allocated exclusively for Bitcoin acquisition. This latest funding round comes just days after Metaplanet revealed

By Albert Morgan May 9, 2025
Germany Confiscates $38 Million In Crypto Assets From Exchange Tied To Record-Breaking Theft

Bitcoin

Germany Confiscates $38 Million In Crypto Assets From Exchange Tied To Record-Breaking Theft

German law enforcement agencies have seized 34 million euros ($38 million) in cryptocurrency from eXch, an exchange platform allegedly used to launder funds stolen in the record-breaking $1.4 billion Bybit hack. According to Cointelegraph, the seizure was announced on May 9 by Germany's Federal Criminal Police Office

By Albert Morgan May 9, 2025
Trump Advisor Bailey Secures $300 Million For New Bitcoin Investment Firm

Bitcoin

Trump Advisor Bailey Secures $300 Million For New Bitcoin Investment Firm

David Bailey, CEO of BTC Inc. and a key advisor to President Donald Trump on cryptocurrency policy, has raised $300 million to launch a publicly traded Bitcoin investment company named Nakamoto, CNBC reported on May 7, 2025. The funding includes $200 million in equity and $100 million in convertible debt,

By Albert Morgan May 8, 2025
US Banks Get Green Light To Trade Customers' Cryptocurrency Assets

Bitcoin

US Banks Get Green Light To Trade Customers' Cryptocurrency Assets

Latest Regulatory Development The Office of the Comptroller of the Currency (OCC) announced through interpretive letters on Wednesday that national banks can now buy and sell cryptocurrency assets on behalf of their customers. CoinDesk reports that the OCC clarified banks can also outsource crypto-related services to third parties, including custody

By Albert Morgan May 8, 2025
Hive Digital Accelerates Bitcoin Mining Capacity With Paraguay Expansion

Bitcoin

Hive Digital Accelerates Bitcoin Mining Capacity With Paraguay Expansion

Hive Digital Technologies has completed the first phase of its 100-megawatt Bitcoin mining facility in Yguazú, Paraguay, marking a major expansion of its operations in Latin America. According to Crypto.news, the announcement caused Hive Digital's shares to rise 2% in pre-market trading on April 21. The newly

By Albert Morgan May 7, 2025
Xapo Bank Launches Bitcoin-Backed Loans Up To $1 Million For Long-Term Holders

Bitcoin

Xapo Bank Launches Bitcoin-Backed Loans Up To $1 Million For Long-Term Holders

New Lending Service Targets Bitcoin Long-Term Investors Xapo Bank has introduced Bitcoin-backed loans of up to $1 million, allowing customers to access liquidity without selling their Bitcoin holdings according to an announcement made on March 18, 2025. CoinDesk The Gibraltar-based wealth manager, known for its Bitcoin custody and interest-bearing account

By Albert Morgan May 7, 2025
Binance Founder Advises Kyrgyzstan To Adopt Bitcoin And BNB For National Crypto Reserve

Bitcoin

Binance Founder Advises Kyrgyzstan To Adopt Bitcoin And BNB For National Crypto Reserve

Binance co-founder Changpeng "CZ" Zhao has recommended Bitcoin and BNB as the foundation for Kyrgyzstan's planned National Crypto Reserve. On May 5, Zhao shared this advice on social media following his appointment to the country's National Crypto Committee by President Sadyr Japarov . The proposal

By Albert Morgan May 6, 2025
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