Monthly Archives: February 2021

NYDIG Files For Bitcoin ETF Approval

Bitcoin-focused financial services firm New York Digital Investment Group (NYDIG) filed for approval to offer a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC) today. An ETF is seen as one of the easiest ways of bringing bitcoin exposure to the masses, as it would be accessible through the stock market and legacy brokerage accounts. Currently, with no approved ETF on the market, retail investors using legacy brokerage accounts are constrained to bitcoin trusts like Grayscale’s GBTC. Investment in bitcoin-focused companies is also […]

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Evolve wins second Canadian Bitcoin ETF as Ontario regulator approves application

Evolve Funds Group Inc has received approval to list its Bitcoin ETF. The new asset will trade under the ticker symbols “EBIT” and “EBIT.U” and provide direct exposure to BTC. North America’s second Bitcoin (BTC) exchange-traded fund received regulatory approval on Tuesday, offering another potential entry point for institutional investors to access digital assets. Less than three weeks after filing a preliminary prospectus for a Bitcoin ETF, Evolve Funds Group Inc announced Tuesday that its fund has been approved by the Ontario Securities Commission, or OSC. The ETF […]

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Gold bug Peter Schiff gives Bitcoin permission to hit $100K

“While a temporary move up to $100K is possible, a permanent move down to zero is inevitable,” Schiff said on Twitter. The man who once said “Bitcoin will never hit 50K” has doubled down on the bearish prediction that Bitcoin (BTC) will eventually go to zero. Back in 2019, CNBC host Joe Kernen speculated that Bitcoin’s price would reach $55,000 by May 2020. Peter Schiff mocked him at the time, saying “Bitcoin will never hit 50k.” Though somewhat delayed, the price of Bitcoin hit a new all-time high of more than […]

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Cosmos price spikes to a new all-time high as ‘Stargate’ upgrade approaches

The upcoming “Stargate” upgrade with Inter-Blockchain Communication helps propel the price of Cosmos’ ATOM to a new all-time high. The price of Cosmos’ ATOM has increased 240% since the beginning of February as excitement builds for the approaching Stargate upgrade on Feb. 18 that will help connect all Cosmos-based chains together using Inter-Blockchain Communication (IBC). Data from Cointelegraph Markets and TradingView shows that ATOM was trading at a price of $7.83 on Feb. 1 before a series of positive announcements, including the ability to stake ATOM on Binance, […]

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NYDIG Registers for a Bitcoin ETF, Morgan Stanley Named a Participant in SEC Filing

Just recently, during Microstrategy’s “Bitcoin for Corporations” event, Stone Ridge Asset Management and New York Digital Investment Group (NYDIG) founder, Ross Stevens, explained that he sees a “wall of money” entering the bitcoin space. A week later after that statement, NYDIG has revealed that the company has filed for a bitcoin exchange-traded fund (ETF) and is hoping for regulatory approval. NYDIG Files for a Bitcoin Exchange-Traded Fund With Hopes to Trade on NYSE Arca Last week, when Ross Stevens told the Microstrategy CEO and bitcoin bull, Michael […]

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Sports Gambling Website 500.com Acquires Bitcoin Mining Pool BTC.com

Today, Shenzhen, China-based sports lottery site 500.com announced the acquisition of major Bitcoin mining pool BTC.com from Blockchain Alliance Technologies Holding Company via a share-swap agreement. Blockchain Alliance is operated by BitDeer, which itself is chaired by Jihan Wu, the co-founder of bitcoin mining giant Bitmain. The terms of this purchase agreement include 500.com using 10 percent of its own outstanding shares to execute it, according to the announcement. The terms also outlined additional share issuances based on the performance of BTC.com businesses. According to BTC.com mining […]

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Market share of top crypto exchanges passes $1T: CryptoCompare report

The report states that KYC and AML standards for exchanges have significantly improved over the last four months. Out of the 160 cryptocurrency exchanges analyzed in a recent report, half control roughly 85% of the total market share. According to a CryptoCompare Research report published today, exchanges that the analytics firm rated as “top tier” gained 13% of the market share from October to January. This put the market share of these 84 exchanges at roughly 74% with more than $1 trillion in assets. However, CryptoCompare said […]

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Icon, Ravencoin and Lisk are riding the bull wave on possible future developments

Icon, Ravencoin and Lisk have major events coming up that could boost prices higher. Bitcoin (BTC) created another milestone today when the price breached the $50,000 barrier. Bitcoin has now risen about 1,230% from a low of $3,803.58 on March 13 of last year to a new all-time high at $50,622 today. This rally has been led by strong institutional demand that is showing no signs of stopping. MicroStrategy meanwhile said it plans to again raise $600 million through a sale of convertible notes and the proceeds […]

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Cream Iron Bank $36M Flash Loan Attack: Markets Re-Enabled While Asset Borrow Is Paused

Following the Cream Iron Bank flash loan attack, preliminary findings of a probe have shown that contracts and markets still function normally. As a result, markets have now been re-enabled while the asset borrowing function has been paused. The Cream team also reveals that investigations are continuing. The Exploit After the exploit, the value of the Cream protocol token plummeted from just over $280 on February 12 to $186.48 24 hours later. At the time of writing, Messari data shows that the token had recovered although it […]

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MicroStrategy To Offer Another $600 Million Of Convertible Notes To Buy More Bitcoin

Gigachad CEO Michael Saylor announced on Twitter this morning that his company, software intelligence firm MicroStrategy, has proposed a private offering of $600 million in convertible senior notes so it can “use the net proceeds from the sale of the notes to acquire additional bitcoins,” according to the press release Saylor shared. MicroStrategy Announces Proposed Private Offering of $600 Million of Convertible Senior Notes $MSTRhttps://t.co/pljBkX7jzF — Michael Saylor (@michael_saylor) February 16, 2021 These notes would officially be due on February 27, 2027, with interest being paid on […]

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