Spot Bitcoin ETF volumes shatter record with massive $7.7B traded

Trading volumes for the ten new U.S. Bitcoin ETFs have set a new record, more than doubling their previous high from days ago.

Spot Bitcoin ETF volumes shatter record with massive $7.7B traded

United States spot Bitcoin BTC $62,665 exchange-traded funds (ETFs) have set a new record for daily trading volumes — beating the previous tally by over one and a half times....

6 months ago

SEC Objects to Terraform’s $166M Retainer of Law Firm Dentons: Reuters

Additionally, the SEC has said that Terraform should not be allowed to hire law firm Dentons or pay litigation costs for employees, the report said.

SEC Objects to Terraform’s $166M Retainer of Law Firm Dentons: Reuters

The U.S. SEC has objected to Terraform’s $166 million retainer of Law Firm Dentons. The SEC alleges that the money was “siphoned” off into...

6 months ago

Marathon Digital Reports Record $387.5 Million Revenue in 2023, Marking a 229% Increase

Marathon’s Q4 Revenue Soared by 452%

Marathon Digital Reports Record $387.5 Million Revenue in 2023, Marking a 229% Increase

Marathon Digital, a prominent Bitcoin (BTC) mining company based in the United States, has seen a remarkable surge in revenue in 2023, leading the company to achieve substantial profit...

6 months ago

Ark Invest and 21Shares Enhance Transparency for ARKB ETF with Chainlink Integration

Ark Invest and 21Shares Integrate Chainlink to Enhance Transparency and Security for ARKB Investors

Ark Invest and 21Shares Enhance Transparency for ARKB ETF with Chainlink Integration

Asset managers Ark Invest and 21Shares have announced a collaboration to enhance transparency for their ARK 21Shares Bitcoin ETF (ARKB) by integrating Chainlink’s Proof of Reserve platform...

6 months ago

Blockchain startup Initia raises $7.5m to build ‘network for interwoven rollups’

Blockchain infrastructure startup Initia has secured $7.5 million in a funding co-led by Delphi Ventures and Hack VC.

Blockchain startup Initia raises $7.5m to build ‘network for interwoven rollups’

In an X thread on Feb. 27, Initia said it has raised $7.5 million in seed financing to work on its testnet, which is scheduled for launch in Q1 2024. In addition to Delphi Ventures and...

6 months ago

Kraken unveils new institutional division as Chamber of Commerce steps in against SEC lawsuit

Crypto exchange Kraken announced the launch of Kraken Institutional on Feb. 27, a new division aimed at delivering specialized services to institutional clients.

Kraken unveils new institutional division as Chamber of Commerce steps in against SEC lawsuit

This move is part of Kraken’s strategy to secure a significant position in the Bitcoin exchange-traded fund (ETF) market. Kraken Institutional consolidates the exchange’s e...

6 months ago

Terraform Labs Co-Founder Do Kwon to Miss First US SEC Fraud Trial: Report

Kwon’s US SEC fraud case is scheduled for March 25. However, his lawyer doubts he will be extradited before the end of that month.

Terraform Labs Co-Founder Do Kwon to Miss First US SEC Fraud Trial: Report

Do Kwon, the co-founder of Terraform Labs, might miss the commencement of a significant civil trial on U.S. Securities and Exchange Commission (SEC) fraud charges. According to Reuters...

6 months ago

Senator Warren Hits Out at Crypto Again, Says Industry Needs to Follow the Same Rules as TradFi

Warren reiterated her disdain for the industry in an interview.

Senator Warren Hits Out at Crypto Again, Says Industry Needs to Follow the Same Rules as TradFi

Warren said that crypto would need to fall in line with the rest of the U.S. financial sector. The senator’s anti-money-laundering bill, which would b...

6 months ago

FTX’s Bankman-Fried is ‘deeply sorry’ for $8b fraud, pushes for shorter sentence

FTX’s Bankman-Fried seeks mercy, apologizes for $8 billion fraud, and implores the judge to reject the recommended 100-year jail term.

FTX’s Bankman-Fried is ‘deeply sorry’ for $8b fraud, pushes for shorter sentence

Sam Bankman-Fried, the disgraced founder of the FTX crypto exchange, is trying to get a shorter prison sentence after he was convicted of fraud and is now facing more than 100 years in...

6 months ago

Strike launches Bitcoin payment services in seven African nations

Strike, a Bitcoin-focused payments application, has announced the launch of its services in seven African countries, signaling its expansion into the continent.

Strike launches Bitcoin payment services in seven African nations

The countries included in this initial rollout are Gabon, Ivory Coast, Malawi, Nigeria, South Africa, Uganda, and Zambia. The company, founded by CEO Jack Mallers, aims to extend its reach to mo...

6 months ago

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