21.co, the parent company of 21Shares, has launched its Wrapped Bitcoin product, 21BTC, on the Ethereum blockchain. This significant development, announced on September 3, comes through a collaboration with Flow Traders, a leading global market maker. According to the...
Since its inception in 2009, Bitcoin has grown from a digital curiosity into a global financial powerhouse. The incredible rise in its market value from just a few pennies to over $60,000 is a story that few could have...
Japanese investment firm Metaplanet has announced a collaboration with SBI Holdings' crypto division, SBI VC Trade, to enhance both companies' Bitcoin trading, storage, and management capabilities. SBI VC Trade is a cryptocurrency exchange platform offering spot and margin trading...
The story of Bitcoin investment in 2024 so far can be told in these words: it is one of steadfastness and strategic hodling. According to data from Glassnode's HODL wave chart, about 75% of all circulating Bitcoin hasn't moved...
Hilbert Group has partnered with crypto-friendly Xapo Bank to manage a new hedge fund denominated in Bitcoin. In an August 27 press release, the Stockholm-based investment firm announced that the Bitcoin-denominated fund will launch in September, with expectations of...
At the Nashville Bitcoin 2024 conference, Senator Cynthia Lummis (R-Wyo.) unveiled a "revolutionary proposal" for the U.S. government to start investing in Bitcoin. Her idea is to add Bitcoin to the nation's strategic reserve assets as a tool to...
The U.S. government, already one of the largest Bitcoin holders globally with over 200,000 coins, may soon significantly increase its holdings. A new bill introduced by Senator Cynthia Lummis (R-Wyo.) proposes creating a strategic Bitcoin reserve to reinforce the...
ETF issuer Defiance has launched MSTX, the first single-stock long-leveraged ETF for MicroStrategy, according to a press release issued on Thursday, August 15. This innovative financial product aims to provide 175% long daily targeted exposure to the investment firm,...
The United Kingdom neobank Xapo Bank recently added a new financial product to its lineup: Interest-Bearing Bitcoin Accounts (IBBAs). These accounts offer up to 1% annual interest rate on Bitcoin holdings without requiring users to stake, lend, or lock...
Market analyst Markus Thielen of 10x Research has highlighted a significant uptick in stablecoin issuance that could signal the next major Bitcoin rally. In the latest report published by the investment research firm, Thielen pointed out that the two...
