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Orsolini Filho added that the company implemented the bitcoin trading feature following research conducted at the company’s request that showed potentially strong demand for the service. According to the data, 81% of Brazilian digital banks’ users already know or have heard of cryptocurrencies, while another 54% do not invest in
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Robinhood (HOOD) shares were falling 7% in after-hours trading Tuesday after the zero-commission trading platform missed badly on revenue expectations as its cryptocurrency revenue fell sharply from the second quarter’s record high.Robinhood said its crypto revenues fell to just $51 million in the third quarter, down from a record $233
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Central Bank of Russia isn’t prepared to admit a bitcoin exchange-traded fund (ETF) to the market, the head of the regulator, Elvira Nabiullina, told Russian media. Her statement, reaffirming the bank’s hardline stance on cryptocurrencies that has been recently criticized again, came after the debut of bitcoin ETFs in the
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The blockchain and cryptocurrency industry is made up of multiple disparate projects and platforms that cannot efficiently interact with one another. Today, we have a blockchain world that is in disorder, fragmented, and difficult to scale and synchronize. During the internet era of the early 90s, the internet only went
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After months of waiting, the cryptocurrency industry is finally getting the U.S. ETFs that fund executives have long sought – as a way of attracting money from investors who want exposure to bitcoin price via the stock market. While cryptocurrency analysts says the new offerings, focused on bitcoin futures contracts,
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Stronghold Digital, the bitcoin mining company that converts coal waste into power for its operations, surged in its first day of trading on Wednesday after raising $127 million in its IPO.The Pennsylvania-based miner’s IPO was upsized to $19 per share, after previously pricing its IPO at the range of $16
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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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BITO is structured to invest in bitcoin futures contracts traded on the Chicago Mercantile Exchange, rather than investing in the cryptocurrency directly, which is one reason why some analysts don’t expect the fund to have a significant impact on BTC’s spot price. Source
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The ProShares Bitcoin Strategy exchange-traded fund’s trading volume topped $1 billion on its first day, ranking the investment vehicle as one of the top ETF launches in history.As of 4:02 p.m. ET, shortly after the close of U.S. stock markets on Monday, trading volume in the ProShares ETF (ticker $BITO)
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This episode is sponsored by NYDIG.Download this episodeOn today’s episode, NLW catches up on a variety of topics from the past week, including:How the first day of trading the ProShares $BITO bitcoin futures ETF is going (and why it could be headed for record breaking volume).Grayscale formally starting the process to
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