Financial Industry News
It’s no secret the past few weeks have been tough for Bitcoin investors. The past month saw a number of horrors: over a billion dollars worth of BitMEX positions were liquidated during the flash crash on March 12th, the cryptocurrency slid 50%, and much more. But, prominent analysts are starting to come to the conclusion […]
Continue ReadingA closed-end fund, which aims to provide investors with exposure to bitcoin in a regulated asset class, has listed on the Toronto Stock Exchange (TSX). Canadian investment manager 3iQ said The Bitcoin Fund, for which it originally filed a prospectus back in October, would begin trading on the TSX on Thursday. The fund works along […]
Continue ReadingThe CEO of BlockFi said the crypto lending platform is extending credit to miners at a time when competition for their business has eased because of the coronavirus crisis. “We’re starting to establish relationships with miners for the first time now,” Zac Prince said. The reason: The market has lost some of its risk appetite, […]
Continue ReadingFidelity Digital Asset (FDA) is signing on as a member of ErisX’s clearinghouse, taking advantage of its central limit order book to provide better liquidity for buy and sell orders. The companies announced the move Thursday, saying it makes ErisX’s spot market available to FDA’s customers. ErisX is the first exchange that FDA has onboarded. […]
Continue ReadingFollowing major accusations of insider stock trading during the coronavirus-induced market crash, Senator Kelly Loeffler (R-GA), the former CEO of Bakkt, is liquidating her holdings with her husband. In an April 8 tweet, Loeffler said that she and her husband Jeffrey Sprecher, CEO of ICE, which is the company that owns Bitcoin (BTC) options contracts […]
Continue ReadingNonprofit cryptocurrency advocacy group Coin Center has appealed to the community to develop tech-based responses to the COVID-19 pandemic that protect civil liberties and privacy. In a post published on April 8, the center’s director of research, Peter Van Valkenburgh, surveyed recent proposals from the Zcash Foundation for Private Contact Tracing Protocols, as well as […]
Continue ReadingUnited States Federal District Judge Jed Rakoff is considering temporarily releasing a 61-year-old toy retailer-turned-Silk Road vendor amid concerns of a purportedly imminent COVID-19 outbreak in a federal jail. According to Law360 on April 8, the prisoner, Hugh Haney, is serving a three-and-a-half-year money-laundering sentence for failing to explain where he obtained $19 million in […]
Continue ReadingChinese bitcoin miner manufacturer Canaan Creative has disclosed it made a net loss of $148.6 million for 2019 on a revenue of $204.3 million, reflecting a declining profitability over the past three years. On Thursday, the firm released its first unaudited earnings report since it went public in the U.S. last November. Canaan said it sold computing power […]
Continue ReadingThe BCH halving hasn’t gone well for Bitcoin Cash so far. Massive miner capitulation has seen it give up hash power to BTC. Adamant Capital Founder Tuur Demeester says it’s time to admit defeat. After BCH Halving Miners Capitulate There are some interesting moves in the cryptocurrency mining space right now. With just over one month to […]
Continue ReadingLately, it seems that most major national banks are toying with the notion of a national digital currency. France is conducting tests of its own now, and it could pave the way for a digital euro. What will France’s experiments involve, and how will they affect the crypto ecosystem? Here’s what is known so far. […]
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