The firm's Gold & Silver fund made a $2.58 million investment in an XRP ETP in the first half of 2023, which was later cancelled.

Asset Manager Jupiter’s Crypto Investment Scrapped by Compliance Team: FT

The investment in the XRP product was canceled due to crypto investment rules in Ireland. The asset manager had to quickly scrap the investment at a loss of...

7 months ago

Spot Bitcoin ETF issuer ARK Invest sold $34 million in Coinbase shares amid the stock breaking new highs in 2024.

ARK dumps first Coinbase and Robinhood shares since January

ARK Invest — one of the issuers of a spot Bitcoin  exchange-traded fund (ETF) in the United States — has sold some major cryptocurrency-related stocks for the first ti...

7 months ago

The U.S. Treasury sanctioned entities for illegally exporting technology to Iran, including one that developed Iran’s central bank digital currency platform.

OFAC sanctions entities behind Iran’s digital currency program

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) said in a press release that on Feb. 14 it imposed sanctions against a network of entities resp...

7 months ago

A United States Treasury official has clarified that cryptocurrencies play a minimal role in financing the operations of militant groups

US Treasury reports minimal crypto use in financing Hamas activities

Brian Nelson, the Treasury’s Undersecretary for Terrorism and Financial Intelligence, addressed misconceptions during a testimony before the House Financial Services Committee on...

7 months ago

Genesis’ Grayscale Shares Valued at $1.6B

Court Frees Genesis to Sell GBTC Shares Worth $1.3B to Compensate Clients

Genesis Global obtained bankruptcy court approval on Wednesday to sell its Grayscale Bitcoin Trust (GBTC) shares. The bankrupt crypto lender can now sell its 35m GBTC shares ...

7 months ago

Some Bitcoin ETF issuers will pull their funds as the tussle for market share and low fees heats up, while investors reap the rewards in the meantime, say analysts.

Bitcoin ETF war could see many issuers never ‘break even’

The cutthroat battle to become the top United States spot Bitcoin exchange-traded fund (ETF) issuer could see many of the listed ETFs today eventually shut down due to lack of profits. ...

7 months ago

Direct Bitcoin trading is still more popular than ETFs for Robinhood users, says its chief financial officer Jason Warnick amid better-than-expected Q4 2023 results.

Bitcoin ETFs haven’t cannibalized spot Bitcoin trading — Robinhood CFO

Robinhood traders haven’t taken to spot Bitcoin exchange-traded funds (ETFs), with the bulk of crypto trading on the platform remaining in spot Bitcoin, says the company’s chief...

7 months ago

Between Feb. 13 and Feb. 14, 2024, the volume of liquidations in the cryptocurrency market approached $140 million.

Crypto liquidations daily volume approaches $140m

According to CoinGlass, 45,965 traders have had their positions liquidated in the last 24 hours. Approximately $91 million in losses came from long positions and almost $49 million from sho...

7 months ago

Digitex CEO Charged for Illegally Operating Crypto Futures

Digitex crypto futures exchange CEO Adam Colin Todd willfully failed to include adequate anti-money-laundering (AML) program, Florida federal court alleged. The US Attorney’s Off...

7 months ago

In its fourth-quarter report for 2023, CoinShares highlighted that its total assets under management as of Dec. 31, 2023, was $3.81 billion.

CoinShares declares $108M revenue in 2023 earnings report

Digital asset investment platform CoinShares declared $108.5 million in annual revenue in its fourth-quarter report for 2023. In the fourth quarter of 2023 alone, CoinShares repor...

7 months ago