Cryptocurrency Analysis and News Portal
On Wednesday, DeFi Technologies announced that its subsidiary Valour reached $274.2 million in assets under management. The company offers various cryptocurrency-denominated exchange-traded products, or ETPs, listed on European exchanges.Cointelegraph previously reported that Valour launched two such ETPs involving Uniswap (UNI) and Polkadot (DOT) last year. For each exchange-traded product of
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MacroStrategy, a subsidiary of business intelligence firm MicroStrategy, said it will purchase Bitcoin after obtaining a multimillion dollar loan from Silvergate Bank.In a Tuesday announcement, MicroStrategy said Silvergate issued a $205 million loan “secured by certain Bitcoin held in MacroStrategy’s collateral account.” The firm's subsidiary MacroStrategy will be using the
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Binance, the world’s largest cryptocurrency exchange by trading volumes, is moving to boost its fiat-to-crypto payments technology by launching its own crypto payment provider.The crypto exchange officially announced on Monday the launch of Bifinity, Binance’s official fiat-to-crypto payment company, to connect crypto service providers with the traditional financial system.Bifinity supports
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Kakao Games announced Tuesday that Friends Games, its subsidiary, will now become Meta Bora to focus on blockchain-based games and entertainment supporting its Bora cryptocurrency. Fast facts “We will work our hardest to help the development of the Web 3.0, such as in blockchain and the metaverse, by integrating Kakao Games’ game industry
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“Once fully operational, these sites are expected to have 4,398 petahash capacity, a fleet of 33,000 mining rigs, revenue potential of approximately $270 million per annum with an EBITDA margin of approximately 87% based on forecast bitcoin prices,” the company said. Source
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Bitcoin Capital, a subsidiary of Zug, Switzerland-based investment manager FiCAS, has listed actively managed exchange-traded products (ETPs) offering exposure to bitcoin and ether on the SIX Swiss Exchange.Through active management, the products are designed to counter the price volatility inherent in crypto assets, Bitcoin Capital said Thursday.The 1 FiCAS Active
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As a result of El Salvador’s mainstream Bitcoin (BTC) adoption, Volaris El Salvador, a local subsidiary of budget Mexican airline Volaris, will accept Bitcoin as payment.The Bitcoin move comes a month after Salvadoran aviation authorities gave Volaris's local subsidiary permission to operate in the country.Salvadoran President Niyab Bukele took to
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BusinessThe announcement comes shortly after Antpool, the largest bitcoin mining pool by hashrate, said it will block internet access from mainland China. By Jamie CrawleyOct 15, 2021 at 11:34 a.m. UTCUpdated Oct 15, 2021 at 11:34 a.m. UTCChina flag (Shutterstock) Original Source
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Graham Rodford, CEO of the Archax Group, said that “the potential benefits of using blockchain technology in financial markets are particularly relevant in the post-trade space,’’ adding that “blockchain based post-trade infrastructure can reduce settlement times, remove friction, improve efficiency and lower costs – and our subsidiary Montis Digital is
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FTX Digital Markets will be headquartered in Nassau, Bahamas, and has been registered by the country’s Securities Commission as a digital assets business under the Digital Asset Registered Exchanges Bill, known as the DARE Act, the exchange said Monday. Source
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