Bitfarms forced to stop ‘poison pill’ strat amid Riot takeover attempt
The Ontario Capital Markets Tribunal terminated Bitfarm’s attempt to “poison pill” Riot Farm’s takeover attempt of their firm. Go to Source
Month: July 2024
Hong Kong Launches Its First Inverse Bitcoin ETF Product
CSOP Asset Management, a regulated asset management company, has become the first to launch an inverse Bitcoin ETF in Hong Kong’s markets. This allows traders and investors to speculate on the decline of the cryptocurrency’s value. The product complements other ETF products already available, further establishing the city as an international crypto market. CSOP Asset … Read more
Crypto bank Sygnum posts profit after doubling crypto trading volumes
Signum Bank says it’s now eyeing further expansion into the European market, aiming to become fully MICA compliant by the first quarter of 2025. Go to Source
Majority of Americans Believe US in Recession, Survey Shows
New research by Affirm reveals three in five Americans believe the U.S. is in a recession, though it’s not officially declared. A survey of 2,000 people shows inflation and rising living costs (68%) as the main reasons for this belief, followed by complaints from friends and family (50%), reduced spending by peers (36%), and difficulties … Read more
Traders see ETH’s $3.2K pullback as a ‘buy’ while ETFs build steam
Analysts believe Ether will see “tremendous” price action once their spot ETFs build momentum, similar to Bitcoin after the launch of spot Bitcoin ETFs. Go to Source
Telegram CEO Predicts Blockchain Mass Adoption This Year — Announces Mini App Store, Web3 Browser
Pavel Durov, CEO of Telegram, forecasts 2024 as the year of blockchain mass adoption. He announced new features such as a mini app store, an in-app browser for Web3, and initiatives to combat crypto scams. Telegram’s user base has grown to 950 million monthly active users, with expectations to reach one billion soon. Telegram’s CEO … Read more
Bitcoin rewards app Fold to go public on Nasdaq via SPAC deal
The Bitcoin-based cashback app will go public on the Nasdaq after a SPAC deal that’s expected to wrap up by the end of this year. Go to Source
Proton Launches Self-Custodial Bitcoin Wallet: 100 Million Proton Mail Users Can Now Receive BTC via Email
Proton, known for its privacy-focused services including the popular Proton Mail with over 100 million users, has launched Proton Wallet, a new self-custodial bitcoin wallet. “If you are one of the millions of people who have a Proton Mail email address, you can now automatically receive bitcoins with your email address,” said Proton’s CEO, adding … Read more
Hashdex files S-1 for ETF to hold Bitcoin, Ether and potentially others
The Hashdex Nasdaq Crypto Index US ETF could see other cryptocurrencies added down the track, subject to all the necessary approvals. Go to Source
Robert Kiyosaki vs Peter Schiff: Conflicting Predictions on Gold, Bitcoin, and US Dollar
Rich Dad Poor Dad author Robert Kiyosaki and gold advocate Peter Schiff have provided conflicting forecasts about the future of gold, silver, bitcoin, and the U.S. economy if Donald Trump is re-elected. Kiyosaki claims asset prices will rise as Trump supports a weaker dollar, which he believes will boost American exports and create jobs. In … Read more