On June 2, Monochrome Asset Management, based in Australia, revealed that its Bitcoin exchange-traded fund (ETF), IBTC, would go live soon. This launch will make IBTC the first spot Bitcoin ETF to be traded in Australia. First Australia’s Spot Bitcoin ETF Holdings Will Be Stored Offline Monochrome disclosed that its Bitcoin ETF (IBTC) will begin...
On Monday, the price of Bitcoin increased by 1%, opening at $68,473 and reaching an intra-day high of $68,733.Despite ongoing volatility, traders and investors remain speculative about future movements, closely watching the global crypto market cap, which increased by 0.42% to $2.55 trillion. The total crypto market volume surged by 45.83% to $66.2 billion in...
Unemployment from Germany and Spain are the top economic news due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, the Federal Statistical Office releases Germany\'s labor force survey results for April. At 2.30 am ET, the Federal Statistical Office is scheduled to issue Swiss consumer prices for May....
On June 2, Billy Markus, the co-founder of Dogecoin, strongly criticized the cryptocurrency industry. He described the market as a “rigged casino” full of dumb people, reflecting his disillusionment with the industry. Deep Dive Behind Billy Markus Insights In a post on X, Billy Markus tagged the crypto market as a place where most people...
Digital asset investment products saw $185 million in inflows last week, marking the fourth consecutive week of positive investment trends. In total, these products attracted $2 billion in inflows in May, propelling year-to-date inflows past the $15 billion mark, reaching an all-time high, according to a recent report from CoinShares. Although the weekly volumes experienced...
European stocks are seen opening a tad lower on Tuesday as investors await more U.S. economic data this week for additional clues on the Fed\'s rate trajectory. Traders await cues from a slew of central bank meetings, with the European Central Bank and the Bank of Canada both expected to cut rates this week ahead...
Former FTX Digital Markets CEO Ryan Salame is writing a memoir about his experiences working for SBF’s now-collapsed crypto exchange, a Monday X post by the once FTX executive reveals. Former FTX Exec Ryan Salame Writing Memoir About FTX, Alameda Research According to the post, Salame has “dedicated a significant amount” of time to chronicling...
Outspoken Bitcoin investor and MicroStrategy founder Michael Saylor will forfeit $40 million in order to settle income tax fraud litigation brought against him by the Washington D.C. Attorney General’s office, the agency announced Monday. MicroStrategy Founder Settles D.C. Income Tax Fraud Case For $40 Million In August 2022, then D.C. Attorney General Karl Racine announced...
Binance has terminated cash payments for peer-to-peer (P2P) cryptocurrency trades in India, a move intended to bolster compliance and align with regulatory standards. This decision comes as the exchange seeks to establish greater legitimacy in the Indian market despite the previous flexibility that allowed traders to settle transactions using physical cash or bank deposits. Binance’s...
BlackRock’s iShares Bitcoin Trust has taken the lead as the world’s largest fund for Bitcoin, accumulating nearly $20 billion in total assets since its listing in the United States earlier this year. According to data compiled by HODL15Capital, the exchange-traded fund held $19.68 billion worth of Bitcoin on Tuesday, surpassing Grayscale Bitcoin Trust’s $19.65 billion....