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“# CoinShares launches new physically-backed Ether ETP ” Major European digital asset manager CoinShares is expanding its product portfolio with a new physically-backed Ether (ETH) exchange-traded product, or ETP. Called CoinShares Physical Ethereum (ETHE), the new investment product is launching with around $75 million in assets under management. Announcing the news Wednesday, CoinShares said that…
“# US judge dismisses crypto fraud case against BNT token issuer ” A federal district court in the United States has dismissed a securities fraud class action against Israel-based cryptocurrency firm Bancor. U.S. district judge Alvin Hellerstein ruled on Monday to dismiss a case against Bancor, stating that plaintiffs had failed to allege losses as…
“# RUNE soars after Multichain capital reveals large position ” Thorchain’s native token RUNE gained 30% in the last 24 hours after crypto venture firm Multicoin Capital revealed that it has accumulated a large position in the asset. RUNE was trading at roughly $3.90 on Feb. 23 before Multicoin announced their investment, which sent prices…
“# Whales offloaded 140K Bitcoin this month: Glassnode ” According to a new report from crypto market data aggregator, Glassnode, Bitcoin whales offloaded massive amounts of BTC during February. Glassnode defines any address that holds between 1,000 BTC and 10,000 BTC as a “whale”, while “humpback whales” hold more than 10,000 BTC. The report found…
“# Indian banks put crypto traders’ accounts under the microscope ” Cryptocurrency traders and investors in India are among the latest casualties in an increasing trend of personal account closures by global banking operations. India’s parliament is currently contemplating a nation-wide crypto ban which local industry critics, such as former Coinbase CTO Balaji Srinivasan have…
“# Solana (SOL), Cosmos (ATOM) buck the trend to hit new highs after protocol upgrades ” Bitcoin’s (BTC) sharp correction below $45,000 sent shockwaves throughout the entire market for a second day and many altcoins are fighting to hold the gains they’ve accrued since the start of the year. Two exceptions to the current downturn…
“# Altcoins nurse double-digit losses as Bitcoin bulls fight to retake $49K ” Another wave of selling pressure hit the cryptocurrency market on Feb. 23 as Bitcoin struggles to reclaim the $49,000 level. Data from Cointelegraph Markets and TradingView shows that Bitcoin fell under intense pressure in the early trading hours on Tuesday and this…
“# North America’s first Bitcoin ETF sees explosive debut with $564M in assets ” Less than a week after its debut, the Purpose Bitcoin exchange-traded fund continues to attract large inflows of investor capital, offering further reassurance that institutional interest in digital assets is on the rise. Crypto data provider Glassnode reported Tuesday that the…
“# Russian Orthodox Church will not accept Bitcoin in offering plate ” With roughly 100 million members, the church representing the dominant religion in Russia has no plans to accept cryptocurrency donations or offerings. According to a Q&A streamed on YouTube by Jesus Portal, the chairman of the Department for External Church Relations of the…
“# Pro traders went long as Bitcoin fell to $45K, liquidating $5.9B in futures ” In the past 48-hours Bitcoin (BTC) price dropped by $13,360 and liquidated more than $2.6 billion worth of futures contracts. When including altcoin, the total sum of liquidations equaled $5.9 billion. After marking a record-high open interest at $19.5 billion…