Thailand is exploring the launch of its first locally listed Bitcoin exchange-traded fund (ETF) as it aims to establish itself as a digital asset hub in Asia, according to a report by local news outlet, The Edge Malaysia. Pornanong...
U.S. based asset management firm Osprey Funds is preparing to convert its Bitcoin trust into an exchange-traded fund (ETF) following the collapse of its acquisition deal with Bitwise. In a statement on January 14, the firm announced its intention...
Swiss-based digital asset bank Sygnum has secured $58 million in an oversubscribed Strategic Growth Round, elevating its valuation to over $1 billion and earning the title “unicorn.” The funding announced on January 14 was led by Fulgur Ventures, a...
Intesa Sanpaolo, Italy's largest banking group, has become the first Italian bank to engage with Bitcoin directly, marking Italy's entry into the global trend of cryptocurrency adoption. A report by Wired Italia confirmed that Intesa Sanpaolo purchased 11 Bitcoin...
Bitcoin is expected to remain in a consolidation phase as long as conversions from fiat to stablecoins remain subdued, according to Matrixport, a digital asset firm based in Singapore. Matrixport highlighted a "significant slowdown" in fiat-to-crypto on-ramps in a...
Global fintech leader UTGL has announced a significant expansion of its Bitcoin holdings, reinforcing its confidence in the cryptocurrency as a transformative financial asset. This expansion emphasizes UTGL's strategy to utilize Bitcoin for long-term economic resilience, which aligns with...
Ming Shing Group Holdings Limited has announced a strategic investment in Bitcoin. According to a recent press release, Lead Benefit (HK) Limited, a wholly-owned subsidiary, has acquired 500 Bitcoins for approximately $47 million, with an average purchase price of...
JPMorgan CEO Jamie Dimon has once again criticized Bitcoin, arguing that it lacks intrinsic value and is frequently used by malicious individuals. He likened investing in Bitcoin to smoking, asserting that, although people can choose, it is not a...
Nano Labs Ltd, a leading Chinese fabless integrated circuit design company, has announced a strategic partnership with cryptocurrency asset management platform BitFi. The collaboration, facilitated through Nano Labs' subsidiary Nano Bit HK Limited, aims to develop innovative Bitcoin asset...
The options markets of both Bitcoin and Ethereum are showing divergent trends, according to crypto exchange Bybit. In its latest crypto derivatives report, the crypto reported that Bitcoin's open interest began rebalancing after December's option expirations, while Ethereum saw...
