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“# Thai SEC consults public on crypto investor income rules ” The Securities and Exchange Commission of Thailand has launched a public consultation on proposed cryptocurrency investor qualification rules. According to an official announcement Thursday, the Thai SEC is now seeking public comments on proposed qualifications for crypto investors including certain income and trading experience…
“#Bitcoin rebounds after Square, MicroStrategy purchases” Bitcoin climbed back above the $50,000 mark Wednesday after getting another vote of confidence from major companies not named Tesla. The world’s biggest cryptocurrency recovered from its steep Tuesday plunge to trade up 4.1 percent at $50,710.12 as of 8:11 a.m. after climbing as high as $51,445.67 overnight, according…
“# DeFi exchange protocol DFX raises $5M in seed funding led by Polychain Capital ” Veteran cryptocurrency investor Polychain Capital has joined a funding round in DFX Finance, a new decentralized finance exchange protocol optimized for non-U.S. dollar stablecoins. DFX raised more than $5 million in seed funding from Polychain and True Ventures to create…
“# MicroStrategy purchases another $1 billion worth of Bitcoin, now owns 90,000 BTC ” Business intelligence firm MicroStrategy increased its Bitcoin (BTC) holdings by 27% on Wednesday after purchasing an additional 19,452 coins, taking its total haul to 90,531 BTC. Announced on the company’s website on Wednesday, the coins were reportedly purchased for approximately $52,765…
“# 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…
“# Bitcoin price retakes $50K as investor voices relief at ‘healthy correction’ ” Bitcoin (BTC) hit back to reclaim $50,000 on Feb. 24 amid fresh bullish comments from major investors. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price exits $40,000 range Data from Cointelegraph Markets and TradingView tracked a 14% rise from Tuesday’s lows over…
“# Bitwise assets under management hit $1B, fueled by professional investors ” Bitwise, a leading cryptocurrency fund manager, reported another major milestone on Tuesday, as assets under management for its digital asset funds crossed $1 billion for the first time. The Bitwise 10 Crypto Index Fund, which provides diversified exposure to Bitcoin (BTC) and other…
“# 1 billion people will store life savings on their phone in Bitcoin by 2026 — MicroStrategy CEO ” Bitcoin (BTC) will be the savings method of choice for one billion people on their phones by 2026, MicroStrategy CEO Michael Saylor predicts. In an interview with CNBC on Feb. 23, Saylor, whose company owns in…
“#Chinese state fund invests in gene firm BGI” SYDNEY – The Chinese government has made an investment in BGI Genomics Co, a listed Chinese company that has supplied millions of COVID-19 tests globally as the gene firm seeks to fund exponential growth driven by the pandemic. BGI Group, which runs a massive gene databank in…
“# Swiss crypto ETP issuer passes $1B assets under management ” 21Shares, a Switzerland-based provider of cryptocurrency exchange-traded products, or ETPs, has recorded a 100% growth in assets under management over the past two weeks. The company announced Monday that 21Shares has passed the $1 billion mark in AUM across its diversified 12 crypto asset…