The investment landscape is witnessing a significant shift with the introduction of the Solana ETF. 3iQ Corp, one of Canada’s leading investment fund managers, has filed to launch the first Solana Exchange Traded Fund (ETF) in Canada, and consequently, in North America. This groundbreaking move places Solana alongside other major digital assets available through traditional …
The Winklevoss twins have reportedly donated $2M in Bitcoin to Donald Trump’s presidential campaign to end “Joe Biden’s war on crypto”. The twins shared the news on their respective X handles and also pledged to vote for Trump come November. Trump is “pro-Bitcoin, pro-crypto, pro-business”, Cameron Winklevoss declared on X, formerly Twitter, on Thursday. “And he …
Michael Saylor’s MicroStrategy, which is the largest corporate holder of Bitcoin bought yet more Bitcoin. 11.9k $BTC worth around $750M+ were bought by the company according to their press release. MicroStrategy shares have surged approximately ten-fold since the company began purchasing Bitcoin four years ago. Similarly, Semler shares have increased by over 60% since the …
Major Penalty for Non-Compliance India’s Financial Intelligence Unit (FIU) has fined Binance, the world’s largest cryptocurrency exchange, approximately $2.2 million (18.82 crore INR). The penalty was imposed for providing services to Indian clients without adhering to the nation’s anti-money laundering rules. This enforcement action was announced on Thursday. Key Points: Showcause Notices and Initial Ban …
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In his recent statement, Argentina President Javier Milei advocated his support for Bitcoin and other other currencies to be used in Argentina. Milei’s statement was in response to Gabor Gurbacs, former Director of Digital Asset Strategy at VanEck, who replied to his tweet with “Bitcoin for all.” Milei affirmed that his administration would support free …
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In a remarkable turn of events, NVIDIA’s market capitalization has soared past tech giants Microsoft and Apple, reaching an impressive $3.33 trillion. This surge is largely attributed to the burgeoning demand for artificial intelligence (AI) products, which have become a cornerstone in various industries since 2023. The success of NVIDIA’s data center category, witnessing a …
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The US Securities and Exchange Commission (SEC) has concluded its investigation into Ethereum 2.0 and will not pursue legal action regarding ETH sales as securities transactions, according to a recent announcement from Consensys. Despite this positive development, Consensys emphasized the ongoing need for clear regulatory guidelines, especially for services like MetaMask Swaps and Staking. The …
As summer approaches in North America, a potential decline in Bitcoin hashrate is anticipated. The intense heatwaves characteristic of this season may force Bitcoin miners to scale back their operations. This situation provides an interesting dynamic in the already volatile world of Bitcoin mining. The Impact of Summer Heatwaves Post-Halving Profit Squeeze The recent halving …
Victims of the FTX collapse have petitioned a New York court to declare that the crypto exchange’s forfeited assets, valued at around $8 billion, should be returned to its customers rather than becoming part of the bankruptcy estate. This request highlights the ongoing struggle between the exchange’s users and the bankruptcy proceedings over the rightful …
Tether Introduces Alloy, Merging Digital Currency with Gold Stability Tether has launched Alloy, a new asset combining digital currency with the stability of gold. Users can mint aUSDT using Tether Gold (XAUT) as collateral, facilitating digital payments. This represents a significant step in real-world asset tokenization, focusing on gold-backed assets. Tether Launches Alloy by Tether …
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