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The opportunity comes ahead of Kraken’s planned effort to take the exchange public next year. SkyBridge says its purchase price for the stake corresponds to a $10.5 billion overall valuation for the exchange. Oct 26, 2021 at 5:46 p.m. UTCUpdated Oct 26, 2021 at 5:46 p.m. UTCSkybridge founder Anthony Scaramucci,
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Interest from institutional investors in bitcoin and crypto mining stocks is growing, although most of these investors are still relatively new to the sector and have reservations about the valuation of mining stocks, Wall Street firm D.A. Davidson’s analyst wrote on Monday. Original Source
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The prime minister of Thailand has cautioned investors getting into cryptocurrencies, noting that they are volatile and highly speculative. Recently, interest in cryptocurrencies has soared as young investors in the country discovered that they could make money quickly by investing in cryptocurrencies. Thai Prime Minister Warns About Crypto Investing Ratchada Thanadirek, deputy
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Demand is so strong, Bloomberg reported, that ProShares is close to exceeding the Chicago Mercantile Exchange’s limit on the total number of contracts an entity can own. Bloomberg’s analysis found that, with a stash of 1,900 contracts in the current October month – just shy of the 2,000 limit for
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The United Kingdom’s tax collection agency is preparing to send out letters to crypto investors encouraging them to double-check that they’ve paid the correct amount of taxes on their cryptocurrency investments, according to a report from the Financial Times. Original Source
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Among other free services announced by Revolut are out-of-network ATM withdrawals of up to $1,200 and 10 remittance payments. Users will also be able to send up to 10 international transfers per month fee-free to anyone with a bank account in 30 countries, including the U.K., France, the Philippines, Japan
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Cryptocurrency asset management firm Mudrex has announced the launch of its new Coin Sets investment vehicle.The new offering allows investors to diversify their asset portfolio across a range of high-performing decentralized finance, or DeFi, assets, as well as nonfungible tokens, or NFT’s. The niche financial model fosters the distribution of risk
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Blockchain firm Arcana Network has closed its latest round with a staggering $2.3 million funding from leading investors in the blockchain and crypto space. Arcana is a decentralized storage layer for DApps on Ethereum and other EVM compatible chains. The decentralized storage protocol received funding from several investors, some of
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Institutional investors are continuing to pile into Bitcoin despite prices pushing up to a five-month high.According to CoinShares’ Oct. 12 Digital Asset Fund Flows Weekly report, more than $226 million in capital flowed to institutional Bitcoin (BTC) products this past week. Bitcoin products dominated inflows for the third consecutive week,
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Dohrnii Academy bridges the gap between novice investors and the crypto market by providing a diverse learning curriculum that is immersive, intuitive, and engaging. The Academy serves as a bridge for investors who want to enter the crypto space but want to learn the basics before diving headfirst. The Academy’s tenets
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