Dispelling Rumors and Rejecting Cash Shortage Reports The Central Bank of Nigeria (CBN) has dismissed rumors suggesting that the previously demonetized naira banknotes are no longer legal tender. In a statement issued on November 8th, the bank emphasized that all banknotes issued by the CBN remain legal tender and should not be rejected by anyone. […]
Grayscale Investments' CEO Optimistic About Bitcoin ETF Conversion Grayscale Investments, a leading crypto asset manager, is actively working with the U.S. Securities and Exchange Commission (SEC) to convert its flagship bitcoin trust into a spot bitcoin exchange-traded fund (ETF). CEO Michael Sonnenshein believes that Grayscale has a significant advantage over other spot bitcoin ETF applicants.
Grayscale Investments Engages with SEC on Bitcoin ETF Application Read More »
UBS Group AG Expands Offerings in Hong Kong UBS Group AG, a leading Swiss financial services giant, has recently announced that it will be providing wealthy clients in Hong Kong with the opportunity to trade three crypto exchange-traded funds (ETFs). This move comes as UBS aims to meet the growing demand for digital assets among
UBS Offers Wealthy Clients Access to Crypto ETFs in Hong Kong Read More »
Bitcoin Futures Open Interest Soars to $4.06 Billion at CME Group The financial industry is closely monitoring the progress of several spot bitcoin (BTC) exchange-traded funds (ETFs) that are awaiting regulatory approval. Investors are increasingly convinced of the institutional appeal of this cryptocurrency. During the Q3 earnings call of Galaxy Digital, Mike Novogratz emphasized this
CME Group Surpasses Binance in Bitcoin Futures Open Interest as Market Gains Momentum Read More »
Bitdeer's Strategic Move into AI Several bitcoin mining enterprises are shifting their focus to artificial intelligence (AI) computing and cloud services. Bitdeer, a publicly traded blockchain and high-performance computing company, has recently disclosed its expansion into AI. This strategic move involves providing Nvidia-powered graphics processing unit (GPU) services. Joining the Nvidia Partner Network Bitdeer, based
Bitdeer Expands into AI Supercomputing with Nvidia Partnership Read More »
Fed Chair's Remarks Spark Debate on Interest Rates Federal Reserve Chair Jerome Powell's recent remarks have ignited a discussion on the effectiveness of current interest rates in an uncertain economic climate. Despite strong growth in the gross domestic product, Powell expressed the Fed's cautious approach, stating that the central bank is not confident that its
Federal Reserve Chair Acknowledges Uncertainty Over Impact of Interest Rate Policies Read More »
The value of bitcoin (BTC) has surged by over 38% against the U.S. dollar in the past six months, resulting in a remarkable 125% increase year-to-date. This impressive performance has propelled bitcoin's market capitalization to become the eleventh-largest among global assets, surpassing various assets such as precious metals, exchange-traded funds (ETFs), and corporate valuations. Bitcoin's
Expobank Revolutionizes the Gemstone Market Expobank, a prominent financial institution with over 50 offices across Russia, has made a groundbreaking move by entering the market of gemstone tokenization. Through the utilization of the Multichain blockchain platform, Expobank has successfully issued the first tokenized diamonds in the country. This innovative step aims to democratize the gemstone
Expobank Introduces the First Tokenized Diamond Offering in Russia Read More »
Blackrock Inc., one of the world's largest asset managers, has taken a significant step in the cryptocurrency investment space. Through its subsidiary, Ishares Delaware Trust Sponsor LLC, the company has filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) to list shares of the Ishares Ethereum Trust on the Nasdaq. Blackrock Dives
Blackrock Files to Launch Ethereum Trust ETF on Nasdaq, Eyes Spot Crypto Market Entry Read More »
Bitcoin Hits $37K, Ending 18-Month Drought The cryptocurrency market is currently experiencing a mood of "greed" as reflected by the Crypto Fear and Greed Index (CFGI) scoring a 69 out of 100. On November 9, 2023, at 5:20 a.m. Eastern Time, the price of bitcoin reached above $37K, a level not seen since May 2022,
Bitcoin Surges to 18-Month High as Market Sentiment Turns Greedy Read More »