Bitcoin hoarding, another sign crypto is an inflation hedge
Bitcoin’s scarcity premium puts crypto into direct competition with gold and treasuries.
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AVAX hits all-time high after Ava Labs’ deal with Deloitte
Following news of a strategic alliance with Big Four accounting firm Deloitte, AVAX rose above US$106, up 90% for the month.
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ConsenSys raises US$200M as MetaMask surpasses 21M monthly active users
Ethereum blockchain software company ConsenSys today announced the completion of a US$200 million funding round, bringing the company’s valuation to US$3.2 billion as it seeks to spearhead the growth of Web 3.0. Fast facts ConsenSys’ announcement comes as the number of monthly active users of its MetaMask non-custodial wallet product exceeded 21 million — a 38-fold increase from…
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Texas faces new concerns over power grid burdens as crypto miners flood in
China’s mining exodus has flowed to the cowboy state that embraces crypto, but it might have to take into consideration the surging power loads.
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Chinese mining rig maker Canaan reports record-high earnings
China may be banning crypto mining activities, but rig makers appear to be spared from the clampdown.
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Indian regulator greenlights first blockchain feeder fund
Indian investors will now get exposure to global companies in the blockchain ecosystem as the Securities and Exchange Board of India greenlighted the Invesco CoinShares Global Blockchain ETF Fund of Fund (FoF). Fast facts The feeder fund will invest in the Invesco CoinShares Global Blockchain UCITS exchange-traded fund (ETF), formerly known as Invesco Elwood Global…
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VanEck Bitcoin-linked ETF XBTF price slightly down in CBOE debut
Investment firm VanEck’s Bitcoin futures exchange-traded fund (XBTF) closed Tuesday 1.94% down in price to US$59.73 for its initial day of trading on the Chicago-based CBOE global exchange, according to MarketWatch’s data. Fast facts On Nov. 15, VanEck announced the launch of XBTF as the “lowest-cost Bitcoin-linked ETF” compared to its competitive rivals. The company…
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ICBC agrees to Federal Reserve risk compliance measures
As global markets continue to watch the Evergrande debt crisis nervously, Chinese bank branch agrees to U.S. risk management measures.