Following Sam Bankman-Fried’s sentencing, former FTX executives and promoters agreed to a $1.3 million class action lawsuit settlement, according to court documents filed yesterday. Former head of engineering for FTX, Nishad Singh, Alameda Research CEO Caroline Ellison, chief technological officer for FTX, Gary Wang, and seven promoters of the bankrupt exchange have all agreed to...
Web3 games continue to dominate on-chain activity. According to DappRadar’s recent Game Report, blockchain games accounted for 34% of decentralized application (Dapp) activity last year. The report also notes that Web3 games attracted 1.1 million active daily users in 2023. Source: DappRadar While notable, blockchain games still struggle to attract traditional and Web3 gamers. This...
Bitcoin price steady around $70,355, marking a 0.45% increase, showcases its resilience and potential for growth. As enthusiasts and investors keenly observe, the integration of new financial products like Hashdex’s Spot Bitcoin ETF hints at an expanding horizon for Bitcoin investments. This development, alongside the anticipatory buzz of the Bitcoin halving event, underlines the digital...
US spot Bitcoin exchange-traded funds (ETFs) have experienced a resurgence of fresh capital, reversing a streak of consecutive net outflows over the past week. According to data from Farside Investors, the ten approved spot Bitcoin ETFs saw a combined net inflow of $418 million on March 26, with BlackRock’s and Fidelity’s funds leading the way. Fidelity’s...
London Stock Exchange (LSE) is set to lunch Bitcoin (BTC) and Ether (ETH) exchange-traded notes (ETNs) from May 28. The announcement follows FCA’s approval on March 11, to allow LSE list crypto offerings for pro investors. Announced Monday, LSE signalled that it would start accepting applications for physically-backed crypto ETNs from April 8. Further, the...
Spot Bitcoin exchange-traded funds (ETFs) experienced net inflows yesterday, breaking a streak of five consecutive days of outflows. According to data from SoSo Value, spot Bitcoin ETFs saw a net inflow of $15.7 million on Monday. This reversal follows a series of single-day outflows last week. The largest outflows occurred on March 19 and March 20, with $326...
Robert Kiyosaki, best known for his book “Rich Dad, Poor Dad” has voiced his support for Bitcoin once again. On March 26, he described Bitcoin as “the perfect asset at the right time” but noted that it could also be a scam or a Ponzi scheme. The New York Times best-selling author, who has maintained...
Hong Kong is getting ready to follow the United States’ lead in approving Bitcoin spot ETFs for public trading, analysts at Bloomberg Intelligence suggest. The region’s regulators may go a step further than their Western counterparts, however, by permitting those funds to use an “in-kind” redemption model. What Are ‘In Kind’ Bitcoin ETFs? The redemption...
Hashdex Asset Management and Tidal Investments spot Bitcoin exchange traded fund (ETF) will begin trading later today in the U.S. under the ticker symbol DEFI. In an announcement, the firms said the Hashdex Bitcoin Futures ETF has been converted to the Hashdex Bitcoin ETF (DEFI). The ETFs new investment strategy will allow the fund to...
The Bitcoin bull cycle is still far from over with many large Bitcoin investors selling, as the market is entering a period of price correction, according to on-chain analytics platform CryptoQuant. Bitcoin, the world’s largest cryptocurrency by market capitalization, may have now entered into a period of price correction after the price reached an all-time-high...