Business – Page 564

Canary Likely to Hit Pause on ETF Filings with XRP, Eyes SEC Shift for What’s Next

Canary Capital is likely to pause new crypto exchange-traded fund (ETF) filings for the rest of the year, with CEO Steve McClurg saying the firm has already submitted filings for every token currently eligible under existing regulatory guidelines. In an interview with CoinDesk, McClurg said the XRP ETF launched this week and a pending Solana […]

Canary Likely to Hit Pause on ETF Filings with XRP, Eyes SEC Shift for What’s Next Read More »

US DOJ Pursues North Korea’s Illegal Money Machine, Seizes More Crypto

Business / Leave a Comment

The US Justice Department rounded up several convictions in its pursuit of domestic workers in schemes from the Democratic People’s Republic of Korea to pocket large amounts of cryptocurrency, and it also seized assets from cyber thefts targeting crypto platforms, the department said in a statement Friday. The five guilty pleas announced by the DOJ

US DOJ Pursues North Korea’s Illegal Money Machine, Seizes More Crypto Read More »

Plunging 7%, But Will XRPC ETF Rise for Second Day?

Business / Leave a Comment

Brutal selling breaks psychological bottom of $2.30 and erases recent gains as distribution overwhelms historic XRPC debut. News background XRP’s worst intraday drop in weeks coincided with a major industry milestone: the launch of the first US spot XRP ETF, Canary Capital’s XRPC, now officially effective on the Nasdaq from 5:30 PM ET. The listing

Plunging 7%, But Will XRPC ETF Rise for Second Day? Read More »

BlackRock’s $2.5B Tokenized Fund being listed as collateral on Binance is extended to the BNB chain

Business / Leave a Comment

The $2.5 billion BUIDL fund, tokenized by Securitize, deepens its applicability to institutional traders and expands to a new blockchain.

BlackRock’s $2.5B Tokenized Fund being listed as collateral on Binance is extended to the BNB chain Read More »

8% down as Ether ETFs bleed $1.4B, long-term holders sell

Business / Leave a Comment

Ethereum’s Ether ETH$3 203.64 fell sharply from Thursday to Friday, falling over 10% from peak to trough on a broad market crypto sell-off accelerated by bitcoin breaking below the $100,000 level. The second-largest cryptocurrency fell from $3,565 earlier Thursday to $3,060 early Friday, erasing all of last week’s pullback. It recently stabilized just below $3,200,

8% down as Ether ETFs bleed $1.4B, long-term holders sell Read More »

Bitcoin (BTC) acquisition continues with strategy (MSTR), says Michael Saylor

Business / Leave a Comment

Ignore the noise, says Strategy ( MSTR ) Executive Chairman Michael Saylor. With bitcoin BTC$96,318.31 and Strategy’s stock continuing their steep slide, Saylor said in a CNBC appearance Friday morning that his company remains committed to its BTC accumulation strategy. “We are buying bitcoin, we will report our next purchase on Monday morning,” Saylor said,

Bitcoin (BTC) acquisition continues with strategy (MSTR), says Michael Saylor Read More »

BitMine (BMNR) Appoints Chi Tsang as CEO

Business / Leave a Comment

BitMine Immersion (BMNR), the largest corporate holder of ether ETH$3,133.68said Friday that it has named Chi Tsang as its new CEO, succeeding Jonathan Bates, who led the company from its early days through its IPO on the NYSE American. Shares are lower by 3.4% pre-market alongside a continued slide in crypto in general and ether

BitMine (BMNR) Appoints Chi Tsang as CEO Read More »

Trump Family-Linked American Bitcoin (ABTC) Turns Third Quarter Profit, Doubles Revenue

Business / Leave a Comment

Bitcoin miner American Bitcoin ( ABTC ) reported a third-quarter profit and said revenue more than doubled year-over-year as it expanded its mining capacity and completed its first full quarter as a publicly traded company. The net income of the Miami-based company 20% owned by Donald Trump Jr. and Eric Trump rose to $3.47 million,

Trump Family-Linked American Bitcoin (ABTC) Turns Third Quarter Profit, Doubles Revenue Read More »

Running for the Exits: Crypto Diary Americas

Business / Leave a Comment

By Francisco Rodrigues (all times ET unless otherwise noted) The Czech National Bank became the world’s first central bank to buy bitcoin BTC$95,840.23and a spot XRP exchange-traded fund (ETF) debuted in the US with impressive trading volume. Still, what dominates headlines is bitcoin’s drop below $100,000 and the crypto market crash. The CoinDesk 20 (CD20)

Running for the Exits: Crypto Diary Americas Read More »

BTC Price Breaks $98K As Liquidations Top $1.1B

Business / Leave a Comment

The crypto market is facing one of its toughest tests yet with bitcoin BTC$97,014.68 price breaking below the crucial support level of $98,000 after a wave of selling pressure in a low liquidity environment. The selloff brought more than $1.1 billion in liquidations, about half of which occurred on bitcoin trading pairs, according to CoinGlass.

BTC Price Breaks $98K As Liquidations Top $1.1B Read More »