The competition in the Wrapped Bitcoin (WBTC) space is intensifying, with major crypto platforms launching their own products to cater to DeFi and institutional users. U.S.-based exchange Kraken has just unveiled its version, kBTC, following Coinbase's recent debut of cBTC. In a blog post published today, October 17, Kraken announced ...
Italy's government is proposing a significant increase in the capital gains tax on Bitcoin investments as part of its 2025 budget plan. During a recent press conference, Deputy Economy Minister Maurizio Leo announced that the tax rate on Bitcoin capital gains would rise from 26% to 42%. Minister Leo explained ...
European alternative asset management company Samara Asset Group has announced plans to expand its Bitcoin treasury through a €30 million ($32.8 million) bond issuance. CEO Patrick Lowry revealed this in an X post on October 14, 2024. At publicly-listed @Samara_AG_, we are issuing up to €30 million in Bonds to ...
21.co has partnered with Crypto.com to source Bitcoin liquidity for its Wrapped Bitcoin product, 21BTC. In its press release, the asset manager stated the collaboration would help improve the service offerings for 21BTC users by leveraging the exchange's deep liquidity, competitive fees, and advanced matching engine. Crypto.com will provide Bitcoin ...
Veteran trader Peter Brandt has raised concerns that Bitcoin might be developing a "three blind mice" pattern, suggesting a potential price decline in the near future. In an October 2 post on X, Brandt shared with his 740,000 followers that Bitcoin appears to be forming what he refers to as ...
Japanese investment firm Metaplanet Inc. has acquired an additional 107.913 Bitcoin, valued at approximately 1 billion yen ($6.9 million), as part of its continued strategy to expand its cryptocurrency holdings. The Tokyo-listed company revealed in its newest announcement that the purchase was made at an average price of 9.26 million ...
Coinbase has introduced a new product: "Coinbase Wrapped Bitcoin" (cbBTC), an ERC-20 token is fully backed by Bitcoin at a 1:1 ratio. The exchange claims that the new product is targeted at enhancing Bitcoin's utility within the DeFi ecosystem. "As the oldest and most widely held crypto asset, Bitcoin plays ...
Recent data from blockchain analytics firm IntoTheBlock (ITB) reveals a significant surge in Bitcoin outflows from exchanges, with approximately $750 million in assets withdrawn on September 10, 2024. This marks the largest net outflow of Bitcoin (BTC) since May, potentially signalling a shift in investor sentiment as the cryptocurrency's price ...
Tokyo-listed investment firm Metaplanet has continued to pursue its Bitcoin accumulation strategy aggressively. The company recently purchased 38.464 Bitcoin, valued at approximately 300 million yen ($2 million), bringing its total Bitcoin holdings to 398.832 BTC, worth around 3.75 billion yen ($26 million), according to a new company statement. This latest ...
Howard Lutnick, CEO of financial asset management firm Cantor Fitzgerald, has highlighted regulatory challenges as a significant barrier to increasing Bitcoin adoption among traditional financial institutions. In a recent post on X, Lutnick explained that U.S. banks are hesitant to hold Bitcoin due to regulations requiring them to set aside ...
