Newly listed bitcoin and ethereum exchange-traded notes (ETNs) listed on the London Stock Exchange (LSE), are failing to attract inflows due to the lack of institutional demand, according to crypto ETP providers. In May, 21Shares launched four new physically-backed crypto exchange-traded notes (ETNs) including the 21Shares Bitcoin ETN, 21Shares Ethereum Staking ETN, 21Shares Bitcoin Core...
Thailand’s Ministry of Finance revoked Zipmex’s digital asset business license on May 28, following recommendations from the Securities and Exchange Commission (SEC). The action came after the exchange repeatedly failed to adhere to the regulator’s directives, according to a statement. In a statement on Monday, the SEC explained its decision. First, it raised concerns about...
Semler Scientific (SMLR) – the healthcare technology firm turned Bitcoin believer – has announced its acquisition of another 247 BTC for its corporate balance sheet. Semler Scientific Buys More Bitcoin Per a company press release late Thursday, the new coins were acquired for $17 million including all fees and expenses, averaging $68,825 per coin. As...
A criminal gang in China has been sentenced for money laundering using digital yuan in an international scheme. According to a report by Mpaypass, the People’s Procuratorate of Yuecheng District, Shaoxing, handled the case where suspects Yuan, Zhang, and Kou were found guilty of using digital yuan accounts to cash out and conceal criminal proceeds....
During the US session, Bitcoin fell dramatically to $69,000 following the release of stronger than expected US NFp figures. MicroStrategy, known for holding a large amount of Bitcoin, is dealing with significant short positions valued at nearly $7 billion. Despite a notable decline in short-seller interest, there are still over 18 active short positions against...
Obligate, an on-chain capital markets platform built on the Polygon blockchain, said the Swiss crypto-financial services firm Bitcoin Suisse has issued its first tokenized bond issuance on its platform. Bitcoin Suisse has CHF 5 billion ($5.5 billion) in assets under custody. The firm said the funds raised from its tokenized bond issuance will be used...
Bitcoin (BTC), the leading cryptocurrency, experienced a significant decline to an intraday low of around $68,500. This downturn coincided with ‘Roaring Kitty’s’ YouTube livestream, which failed to invigorate the market. The drop was further influenced by a stronger-than-expected non-farm payroll report for May, adding 272,000 new jobs and strengthening the US dollar. This development dampened...
The British Columbia Securities Commission (BCSC) and Royal Canadian Mounted Police (RCMP) have issued a warning to ten B.C. residents over their alleged involvement in international crypto fraud schemes, the officials revealed in a press conference Monday. According to both the RCMP’s Integrated Marketing Enforcement Team (IMET) and the BCSC, officials hand-delivered the warnings on...
Bitcoin users are currently facing difficulties with high transaction fees as the blockchain becomes congested once more, although the cause may be different from what some might expect. Data from mempool.space, a platform that provides information on Bitcoin transactions, reveals that a medium-priority Bitcoin transaction now costs $34.08 to be processed promptly. Over 333,400 unconfirmed...
Bitcoin is currently trading at $69,300, showing a modest increase of less than 0.10%. However, a recent tweet from millionaire trader Zoran Kole (@Captain_Kole1) has stirred the market. Traders are closely monitoring these levels, as Kole’s prediction adds a layer of uncertainty to Bitcoin price prediction. Millionaire Trader Says BTC Will Fall to $40,000 Level...