Search results: stock exchange

The first US Bitcoin futures EFT is set to begin trading today. Will this exchange-traded fund bring Bitcoin closer to the masses?

U.S.-based Bakkt, a cryptocurrency custodian and trading platform, went public Monday on the New York Stock Exchange after an announcement by Intercontinental Exchange, or ICE, which owns Bakkt and the NYSE. Fast facts Unlike its competitor Coinbase, which chose a direct listing on Nasdaq, Bakkt is going public by merging with a special-purpose acquisition company, […]

Sri Lanka has formed a panel to recommend a regulatory framework covering the growth of digital banking, blockchain and cryptocurrency mining, the government has announced. Fast facts Developing an integrated system of digital banking, blockchain and cryptocurrency mining is crucial for Sri Lanka to keep up with its regional neighbors while expanding international trade, the […]

Brazil’s legislators are expected to discuss in the next few days a bill that seeks to establish a regulatory framework for cryptocurrencies, which may be a major step toward making Bitcoin a legal “payment currency” in the country if approved by the congress. Fast facts Bill 2.303/15, proposed by Federal Deputy Aureo Ribeiro, aims to […]

DeFi benefits from China ban while Gamevil increases Coinone stake

Ali Sahraee, the CEO of Tehran Stock Exchange, has resigned after Iranian authorities recently busted an illegal crypto mining operation in the basement of the bourse building, according to a report by Iran’s state media. Fast facts The authorities discovered the illegal mining rigs during a sudden inspection. The operation was being run by several […]

The cryptocurrency mining industry is attracting more investment money. Hong Kong-headquartered crypto miner BIT Mining said it had entered into an agreement to jointly invest in a crypto mining data center in the U.S. state of Ohio, with access to power capacity of up to 85 megawatts. Fast facts The development of the Ohio mining […]

Too small to fight as individuals, Binance users are now banding together to take on the world’s largest crypto exchange in arbitration. David Kay of Liti Capital explains how it’s done.

The order follows a June purchase by Genesis of 10K machines from China-based Canaan, one of the world’s biggest Bitcoin mining rig makers

The Securities Association of China (SAC), a self-regulatory organization for the securities industry, recently held a symposium with Chinese brokerages to promote blockchain applications in China’s securities industry. The deputy director of the association’s Tech Bureau, Dongxing Jiang, said the association will implement its blockchain infrastructure plan, known as the “Securities Industry Alliance Chain,” and […]

The Brooker Group, a publicly listed financial consultancy and capital management company in Bangkok, this week reported that it held US$23.86 million of digital assets, according to its financial results for the first six months of 2021. Fast facts The Brooker Group also reported an impairment loss of US$12 million in the first half of […]

Operating costs and crypto bear market suck up cash after former lottery operator bets on digital assets

HIVE Blockchain Technologies, a Vancouver-headquartered crypto mining company, is buying 1,800 machines from Chinese mining rig maker Bitmain to expand its mining operation. Fast facts HIVE said that it had ordered 1,800 Antminer S19j Pro miners from Bitmain, and the new machines are expected to bring an aggregate hash power of 180 petahash per second, […]

North America emerges as hardware demand hotspot amid Beijing’s regulatory onslaught against cryptocurrency sector.

Cryptocurrency mining rig manufacturer Canaan has announced the appointment of James Jin Cheng as its new CFO, following the resignation of his predecessor in February. Fast facts Cheng was previously vice president of Chinese internet recruiting platform Zhaopin Ltd., which listed on the New York Stock Exchange in 2014 before being taken private in 2017. […]

The global Bitcoin hashrate is now on an uptrend as miners pushed out by China resettle on friendlier shores and resume investing big money in mining equipment.

Despite China’s crackdowns on Bitcoin mining and growing consternation about crypto mining’s carbon footprint, some miners are betting big on a rosy future.

Binance CEO CZ confirms that a new executive may lead the organization. Meanwhile, Bitmain spins off one of the world’s largest mining pool Antpool.

Fifteen of India’s largest banks have invested in a fintech firm that aims to use blockchain to speed up domestic letters of credit, a first in domestic trade finance, regulatory filings to the National Stock Exchange of India show. Fast facts Named the Indian Banks’ Blockchain Infrastructure Co., the firm uses blockchain technology to verify […]

As regulation permitting the establishment of Bitcoin exchange-traded funds remains stalled in the U.S., Goldman Sachs has officially applied for an ETF offering exposure to companies in decentralized finance and blockchain. Fast facts In a recent filing to the U.S. Securities and Exchange Commission, the bank said its fund — the Goldman Sachs Innovate DeFi […]

Bit Mining pivots overseas as Ethereum creator Vitalik Buterin joins animated crypto series ‘Stoned Cats’ cast.

BIT Mining — a New York Stock Exchange-listed company that only months ago became a big investor in Chinese cryptocurrency mining — has decided to exit its Chinese lottery-related business and focus more on mining outside the country. Fast facts BIT Mining, formerly known as 500.com, has operated online sports lottery services, but announced on […]

Top blockchain and crypto news: Crypto markets await Bitcoin fund release. USDC issuer opts for the back door. In China, NFT copyrights and wrongs.

The9 and BIT Mining — non-crypto firms that pivoted to crypto mining during Bitcoin’s boom — now seek to ‘expand’ overseas.

As issuer Circle prepares to list and China sounds the alarm over speculation, the mood among regulators is mixed, despite stablecoins’ clear appeal to investors.

In the second installment of a 2-part report, Lucas Schweiger of Blockdata examines the most notable current trends in blockchain and capital markets.

Grayscale Investments — the world’s largest digital asset manager — has registered its Digital Large Cap Fund with the U.S. Securities and Exchange Commission following the filing of a registration statement Form 10 last year. Fast facts The company has also announced it is filing three additional registration statements via the same form for the […]

Crypto industry gets the ‘overleveraged’ label and authorities are cracking down on derivatives providers. Alexander Höptner of 100x believes the pushback foreshadows the industry’s next big thing — derivatives.

In a new report, BIS says countries must work together and design CBDCs with interoperability in mind. Hong Kong and Singapore lead mCBDC efforts.

Chinese blockchain company Easy Visible has disclosed a loss of more than 11.52 billion yuan (US$1.78 billion) for 2020 in an annual report filed two months late. The loss equates to 1.74 times the company’s July 5 market value of 6.66 billion yuan. Fast facts On May 6 the company was suspended from trading on the […]

Eddie Yue, CEO of Hong Kong Monetary Authority lays out the future of the territory’s digital currency at a Hong Kong Academy of Finance event.

Top three digital asset market trends shaping the future Three key trends in the digital asset market are: Tokenization of widely traded traditional assets, such as stocks and bonds; Tokenization of previously untraded or under-traded assets, such as real estate and fine art; Institutional adoption and trading of digital tokens. During the past year the […]

This report is about the development of digital assets, cryptocurrencies and tokenization and how that all-important confidence is established. Thank you for your interest in digital assets and the role of digital asset exchanges, custodians and the value digital assets offer to investors looking to diversify.  For any currency, digital or otherwise, confidence in the […]

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CoinShares has announced that its Bitcoin, Ethereum and Litecoin physically-backed exchange traded products have cross-listed on Germany’s Börse Xetra exchange.

Consumer adoption of cryptocurrencies has grown, with 38% of respondents to a survey saying they have either invested in or bought a cryptocurrency, according to digital wallet provider Skrill, part of payments provider Paysafe.

The Booker Group announced that it now holds approximately US$35 million in crypto and plans to invest US$3 million into DeFi in Q2.

China’s newest warning against crypto sends market into nosedive and Bitcoin dips below US$40,000 for the first time since February.

It’s only a matter of time that digital currency ‘is going to overshadow all the other forms of money,’ says Neeraj Khandelwal of CoinDCX.

Other top blockchain and cryptocurrency news: How Dogecoin copycat SHIB coin vaulted into crypto’s top 20. China unveils fingerprint ID for digital yuan.

Ethereum prices rally to new all-time high as Bitcoin’s dominance keeps sliding. Is Ethereum’s upcoming EIP 1559 upgrade boosting its value proposition?

Chutian Dragon and IDEX Biometrics offer DCEP digital currency wallets with fingerprint recognition. The companies say the feature enhances security.

Dogecoin is on its weekend hangover as trading volumes in India’s WazirX for DOGE reaches new heights. Meanwhile, ESG investments tackle crypto.

Canada-based alternative investment manager Ninepoint is to set aside a portion of its management fees to offset the carbon footprint of the Bitcoin held in an exchange-traded fund it operates. Its aim to provide investors prioritizing environmental, social and governance investment opportunities with carbon-neutral exposure to the world’s biggest cryptocurrency. Cryptocurrencies have attracted considerable criticism […]

Aqumon’s SmartGlobalC aims to meet the rapidly growing demand for Bitcoin exposure for traditional investment portfolios in Asia.

XRP sales by Ripple accounted for 0.07% of global XRP volume. Ripple says its sales were to support on-demand liquidity customers.

Other top blockchain and cryptocurrency news: S&P Dow Jones launches Bitcoin and Ethereum indices. Will China crack down on more crypto miners?

The cryptocurrency exchange INX has completed the first-ever security token offering registered with the US Securities and Exchange Commission. The initial public offering (IPO) closed with $85 million in proceeds from over 7,200 investors. In addition to the previous private token sales and the cash in private placement equity, INX has raised a total of […]

XRP is up 600% since the start of the year and its holding steady as Ripple released one billion XRP over the weekend.

Japan’s regulated crypto trading breaks new records in a land known to be the world’s most crypto-averse. Is the tide turning for crypto adoption in Japan?

Nexon added 1,717 Bitcoins into its corporate treasury while deadline for Inner Mongolia’s closure of crypto mining operations approaches.

Other top blockchain and cryptocurrency news: Can China be warming up to digital assets and crypto investing? Ethereum ETFs roll out in Canada.

While the US has pondered Bitcoin ETFs since 2013, Canada is now moving on to Ethereum ETFs — with 3 new Ether funds launching in the next 24 hours.

Other top blockchain and crypto news: HSBC bans MicroStrategy over Bitcoin affair. Tokenized TSLA and Coinbase COIN now on several crypto exchanges.

Are South Korea’s new cryptocurrency exchange regulations skewing its crypto market? Meanwhile, Upbit’s parent Dunamu surges on NYSE listing rumors.

Another financially troubled Chinese company turns to blockchain to improve its bottom line — this time, by buying up cryptocurrency a la Tesla.

Other top blockchain and cryptocurrency news: As China tightens vise on crypto, Beijing to host 60-artist crypto art exhibition featuring NFT superstar Beeple.

GameStop’s drama is over, but it may signal big changes ahead for finance. Here’s why one former banker thinks ‘DeFi is going to absorb traditional finance.’

Other top blockchain and cryptocurrency news: Goldman Sachs, more big banks line up behind bitcoin. Short-sellers probe crypto miners in China.

Inspired by bitcoin’s boom, companies with no business in crypto are pivoting to cryptocurrency mining. A New York investors lawsuit offers a cautionary tale.

Industry insiders warn that proposed rule to allow only ‘professional investors’ to buy and sell crypto could drive companies to crypto-friendlier shores.

Other top blockchain and cryptocurrency news: India pushes CBDC and proposes banning crypto. Korea’s DeFi future. How does Bitmain’s drama end?

In this edition of Forkast Forecasts, Digital Asset’s co-founder and CEO offers his views on central bank digital currencies and blockchain developments in Asia.

Other top blockchain and cryptocurrency news: Ethereum 2.0’s pre-launch hits turbulence. China taps Lakala for DCEP digital yuan’s payment system.

Thailand once marketed itself as a cryptocurrency frontier market and an alternative to Hong Kong and Singapore. What happened?

After regulators intervened, Chinese fintech giant Ant Group will now return billions to investors over its withdrawn IPO. Did Jack Ma say something wrong?

Poised for historic IPO, Ant Group reveals via patent filings its business strategies for China’s new DCEP digital yuan — including how it would help enforce government regulations

The Chinese fintech giant rolls out its ‘Trusple’ platform for cross-border business uses, on the eve of an IPO anticipated to be the largest in the world.

SCMP’s China Internet Report 2020 shows healthy fundraising and investment activity in tech sector despite ravages of Covid and US-China trade war.

Also: Dozens of crypto firms sued in 11 class-action lawsuits. Bitcoin mining company Canaan bleeds red ink. Fintech funding in India, and more.

Bitcoin’s tumbling prices during the coronavirus pandemic may be an opportunity to buy the dip.

Aside from concerns about mismanagement, what else is causing Canaan to flounder? Forkast.News analyzes Canaan and the many storms — including the Covid economy and the next Bitcoin halving — now rocking the world of crypto mining.